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This paper investigates the optimal dynamic paths of trade protection imposed on infant industries during the process of joining a free trade agreement. The framework is based on the dynamic learning-by-doing model developed in Melitz (2005), where industries are experiencing dynamic...
Persistent link: https://www.econbiz.de/10009209764
This paper explores the origins of Andorra’s financial cluster. It shows that the free movement of currency, the protection of infant industry, and geographical concentration lie at the foundation of the cluster’s competitive advantage. Drawing on a new set of data, the paper also provides...
Persistent link: https://www.econbiz.de/10011093681
I argue that the 19th century Canadian cotton textile industry was an extremely successful infant industry. Judging the industry’s performance by seven widely-employed measures of success – growth in output, contemporary opinion, size, the use of the most modern machinery, exports, and...
Persistent link: https://www.econbiz.de/10010561586
Sollte das Engagement ausländischer Investoren, insbesondere Staatsfonds, in Deutschland kontrolliert werden? Ergänzend zu den im ifo Schnelldienst 17/2007 veröffentlichten Beiträgen stellt Thomas Mirow, Bundesministerium der Finanzen, seine Argumente vor. Er verweist darauf, dass...
Persistent link: https://www.econbiz.de/10005013456
Die Entscheidung der USA im März dieses Jahres, der amerikanischen Stahlindustrie umfassenden Schutz zu gewähren, hat zu einer tief gehenden Verstimmung in den transatlantischen Handelsbeziehungen geführt. Die EU reagierte mit der Ankündigung eines WTO-Überprüfungsverfahren und mit...
Persistent link: https://www.econbiz.de/10005014395
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Theory and policy experienced a number of essential changes. Starting in 19th century from deliberations on factor … endowments and trade, as a consequence of new and hardly envisioned trade patterns in the 20th century. While theory was rather … interaction. Concerning innovation the development of the theory of foreign trade is traced (traditional, product cycle, “new …
Persistent link: https://www.econbiz.de/10008596432
"Western Europe has welcomed its new members by shutting the door in the face of the workers coming from the East and making their road to EMU more difficult. Two years down the road of enlargement, some countries are now liberalizing worker flows. Indeed, as shown in this paper, these...
Persistent link: https://www.econbiz.de/10010732115