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Recent literature has highlighted the importance of new activities in development and growth. It was shown that trade distortions such as tariffs are associated with first-order costs stemming from the induced drop in the formation of new activities. This paper demonstrates that uncertainty may...
Persistent link: https://www.econbiz.de/10012473852
Recent literature has highlighted the importance of new activities in development and growth. It was shown that trade distortions such as tariffs are associated with first-order costs stemming from the induced drop in the formation of new activities. This paper demonstrates that uncertainty may...
Persistent link: https://www.econbiz.de/10013324467
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … sharing, and certainly nowhere near the levels predicted by theory. In addition, only industrial countries have attained …
Persistent link: https://www.econbiz.de/10003586563