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’s subsequent growth performance. We employ threshold regression techniques on five crisis indicators commonly used in the … literature, to identify the relevant “crisis values” and to estimate the differential postliberalisation growth effects in the … crisis and non-crisis regimes. We find that the magnitude of the acceleration in postliberalisation growth depends on the …
Persistent link: https://www.econbiz.de/10009441623
-order between foreign direct investment (FDI) inflows and economic growth in 6 Latin American countries.The increased inflows of FDI … interaction between FDI and growth is. While there is considerable evidence on the link between FDI and economic growth in … procedure. Three possible cases are investigated in this paper 1) Growth-driven FDI, is the case when the growth of the host …
Persistent link: https://www.econbiz.de/10009476170
Persistent link: https://www.econbiz.de/10009476211
This paper examines the welfare effects of trade liberalisation and economic growth in an economy which is large enough … results of Bhagwati and Johnson on immiserizing growth. Finally, I develop a new geometric technique to illustrate the results. …
Persistent link: https://www.econbiz.de/10009441565
ENGLISH ABSTRACT: South Africa has been integrated into the global economy since the abolishment of the apartheid era in 1994 through a rapid programme of trade liberalisation. Its footwear industry illustrates the effects of these policies on companies and their real output, employment and wage...
Persistent link: https://www.econbiz.de/10009442077
In this paper, the welfare results in trade liberalisation scenarios in global CGE models (like GTAP)are analysed. The default modeling strategy in trade is the Armington assumption with bilateral tradeflows in industries. The negative terms of trade effects that often dominate the negative...
Persistent link: https://www.econbiz.de/10009443257
Croatia recently signed several trade liberalisation agreements. The cornerstones of its trade policy are WTO membership, the Stabilisation and Association Agreement with the EU and Croatia's application of membership as well as bilateral free trade agreements within the Stability Pact for South...
Persistent link: https://www.econbiz.de/10009444374
The paper analyses the efficiency and the distributional effects of eliminating a tariff in a protected sector, in a Heckscher-Ohlin model of trade with costs of adjustment. The tariff can be eliminated at the onset or after a while. In case of postponing it the government may pre-announce the...
Persistent link: https://www.econbiz.de/10009445704
The objective of this study is to analyze theimpact of crude oil prices on the EU-27 agriculturalsector in an era when the biofuels sector is expandingbecause of the policy initiatives taken by the EUCommission and member states. To this end, first abaseline is set up for the EU-27 ethanol,...
Persistent link: https://www.econbiz.de/10009445736
Ongoing bilateral trade negotiations between the Mercosur group and the EU since 2000 onagricultural products served as incitement to analyse the impacts of possible outcomes. The objectiveof this paper is to quantitatively assess impacts of bilateral liberalisation scenarios on EU25 andMercosur...
Persistent link: https://www.econbiz.de/10009446275