Showing 1 - 10 of 502
This paper develops a modality of liberalization for APEC, based on a sectoral level, as an alternative to the politically sensitive Free Trade Area of the Asia-Pacific (FTAAP). This model, originally developed by Wonnacott (1994), argues for the liberalization of sectors on an MFN basis, where...
Persistent link: https://www.econbiz.de/10011421132
This paper looks at the emerging issues and problems in promoting competition policy and coordinating its implementation under regional arrangements, particularly the APEC and the ASEAN. Implementing competition policy is a big challenge. As the review of country experiences shows,...
Persistent link: https://www.econbiz.de/10011429875
The paper discusses similarities and differences between past EU binding internal liberalization „across the board“ in the industrial sector and present so-called voluntary sectoral liberalization of member states of the Asia-Pacific Economic Cooperation (APEC). While both approaches are...
Persistent link: https://www.econbiz.de/10010277717
This paper creates a new index (index of bilateral trade relation) to quantitatively evaluate the degree of regional economic integration based on countries' de facto bilateral trade relations. It concludes that a fundamental arrangement of East Asian regionalism should involve at least one of...
Persistent link: https://www.econbiz.de/10010316764
Trade liberalization is no Pareto-improvement - there are winners (high-skilled) and losers (low-skilled). To compensate the losers the government is assumed to introduce unemployment benefits (UB). These benefits are financed by either a wage tax, a payroll tax, or a profit tax. Using a...
Persistent link: https://www.econbiz.de/10010319750
This paper sets up a general oligopolistic equilibrium model with two countries that differ in the centralization of union wage setting. Being interested in the consequences of openness, we show that, in the short-run, trade increases welfare and employment in both locations, and it raises...
Persistent link: https://www.econbiz.de/10010319751
The contribution of this paper is to derive an optimal redistribution scheme for trade gains in the case of a government's objective function that explicitly accounts for the equity-efficiency trade-off. The government pays unemployment benefits (UB) either financed by a wage tax, a payroll tax...
Persistent link: https://www.econbiz.de/10010319752
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
We explore the impact of multilateral liberalization, with emphasison distributional effects across countries. We first develop a realistic base1ine that takes into account events such as the entry of China into the WTO and the enlargement of the EU, allowing us to focus on those effects that...
Persistent link: https://www.econbiz.de/10010324865
We examine interaction between trade in goods and market power in domestic trade and distribution, developing a model that highlights this interaction. Theory points to an expected linkage between service sector competition and goods trade, one supported by econometrics involving import patterns...
Persistent link: https://www.econbiz.de/10010325473