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We study the optimal combination of corporate tax rate and tax base in a model of a small open economy with heterogeneous firms. We show that it is optimal for the small country's government to effectively subsidize capital inputs by granting a tax allowance in excess of the true costs of...
Persistent link: https://www.econbiz.de/10010427604
This paper provides new evidence on the impacts of trade reforms on wages. We first introduce a model of trade that combines a non-competitive wage setting mechanism due to unions with a factor abundance hypothesis. The predictions of the model are then econometrically investigated using...
Persistent link: https://www.econbiz.de/10011429332
This paper analyses the links between the integration into the international economy and development in Latin America over the past quarter century. It argues that external liberalization led to faster export growth but not to faster GDP or productivity growth. Growth also became more volatile,...
Persistent link: https://www.econbiz.de/10010319925
Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the early 2000s. Using new criteria, this paper examines whether Asia-Latin America FTAs have facilitated market-led integration by liberalizing trade and behind the border...
Persistent link: https://www.econbiz.de/10010397259
This paper investigates the role of structural reforms - privatization, financial reform and trade liberalization as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main...
Persistent link: https://www.econbiz.de/10010268588
. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …
Persistent link: https://www.econbiz.de/10010333860
The paper examines the policies pursued by the Philippines in response to the increasing economic integration and interdependence of nations and regions around the world, focusing in particular on the country's multi-track approach to trade and investment liberalization. The country's experience...
Persistent link: https://www.econbiz.de/10011429654
Trade flows among countries have increased dramatically during the last globalization episode creating new winners and … losers between and within countries. This paper revisits the contested topic of the impact of globalization on within …-country inequality in Latin America from a historical perspective. By comparing the two globalization waves (1870-1914, 1970-present) we …
Persistent link: https://www.econbiz.de/10010273442
Persistent link: https://www.econbiz.de/10011695731
globalization crises - the 1997-98 Asian financial crisis and the 2008-09 great recession, financial crisis and collapse of global …
Persistent link: https://www.econbiz.de/10010280123