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We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade …. One of these, the 'classical' model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which … countries trade homogeneous products in world markets and produce according to their comparative advantage as determined by …
Persistent link: https://www.econbiz.de/10012876029
The Marrakesh Agreement establishing the WTO recognizes the need for positive efforts designed to ensure that developing countries and especially the least developed among them secure a share in the growth in international trade commensurate with the needs of their economic development.This...
Persistent link: https://www.econbiz.de/10012437516
We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply increased bilateral trade and foreign direct investment flows and also from enhanced cohesion of negotiating positions in international fora. Data presented show bilateral trade...
Persistent link: https://www.econbiz.de/10010274919
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
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …
Persistent link: https://www.econbiz.de/10010326795
The answer to the question in the title is yes for the case of ad-valorem taxes, a foreign industry that produces a vertically differentiated good of higher quality, and costs that take the form of qualitydependent fixed costs for both the foreign and domestic firm. The domestic industry loses...
Persistent link: https://www.econbiz.de/10010301253
We explore the relationship between import protection and the household distribution of income. We first develop a … general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between … tariffs, development level, and observed household inequality. Working with a new dataset, we then examine crosscountry …
Persistent link: https://www.econbiz.de/10010325564
process in the SSA using trade openness (% GDP), export (% of GDP) and import (% of GDP) as a measure of trade. We embrace an … domestic investment and import affect growth in the region positively while export affects growth negatively. Possible reason …
Persistent link: https://www.econbiz.de/10012657524
The paper basically aims to clarify the level of price competitiveness of the Turkish firms towards the EU Single Market in aggregate level. Thus it naturally examines the demand for exports and imports for Turkey in relation to the EU. In order to model the trade between Turkey and the EU, we...
Persistent link: https://www.econbiz.de/10010322097
exports of the imposing country group from and to the rest of the world. The targeted country group increases exports to the … rest of the world and reduces imports. Welfare falls in all countries involved, suggesting that governments should strive …
Persistent link: https://www.econbiz.de/10013168568