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Governments in more developed economies partially compensate import-competing industries when world prices fall, i.e. they lean against the wind. In less developed economies we often observe liberalization in response to the same shock. We use a political-support maximization model with revenue...
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mechanism to incentivize rich countries to carry on with aid payments in the subsequent "aid for trade" game. We empirically …
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The paper contributes to the discussion about the revenue implications of trade reform by assessing the approximate … fiscal revenue impact of different liberalization formulae under consideration in multilateral trade negotiations for a group … of low- and middle-income countries. The study applies a linear optimization framework to data for bound tariffs, applied …
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