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Recently, the world economy has seen its greatest down turn since World War II. Although not as bad as during the Great … trade barriers or tariffs, or as an increase in export subsidies. In this paper, we show that none of these measures … the short run, they are less effective than general government spending impulses. Raising tariffs or trade barriers even …
Persistent link: https://www.econbiz.de/10010285719
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10010276378
member is elected to determine the tariffs to be applied on imported goods. Under a customs union, the necessity to … coordinate tariffs leads voters to strategically delegate power to more protectionist representatives. Contrary to most of the …
Persistent link: https://www.econbiz.de/10010276607
This paper investigates Samuelson's (JEP, 2004) argument that technical progress of the trade partner may hurt the home country. We illustrate this prospect in a simple Ricardian model for sitations with outward knowledge spillovers. Within this framework Samuelson's Act II effects may occur....
Persistent link: https://www.econbiz.de/10010263524
representatives then sets tariffs that are strictly positive. Introducing additional policy instruments reveals a trade-off between …
Persistent link: https://www.econbiz.de/10010296223
country and the (developed) rest of the world. Despite labour being the only factor of production in this model, tariffs (in …-voter's preferred reliance on tariffs versus income taxes in order to effect the desired redistribution. Using data from 44 countries we …
Persistent link: https://www.econbiz.de/10010261183
Import tariff receipts represent an important share of government revenues in many developing countries and there has … recently been a surge in empirical studies showing how evasion in this field is a pervasive phenomenon. In the case of import … tariffs, the tax base is the product of quantity and unit value, both of which have to be reported and need to be assessed by …
Persistent link: https://www.econbiz.de/10010494438
figures, primarily by developing country traders. This is due to the inflexible exchange rate regimes, severe import … restrictions and export subsidies prevailing in LDCs. In this paper we focus on the import under-invoicing due to high tariff … under-invoicing. We also look at the optimal levels of import tariff and instruments of government intervention in these …
Persistent link: https://www.econbiz.de/10010301359
dramatically the distribution of comparative advantage across the world economy and the existing terms of trade. Most likely …, components which make use of human capital (labour) intensively will be produced in the North (South) of the world economy. It is …
Persistent link: https://www.econbiz.de/10010300397
This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A hedging opportunity is introduced by a forward market where the foreign currency can be traded on. We investigate two settings: First we assume that hedging and output decisions are...
Persistent link: https://www.econbiz.de/10010300615