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Market imperfections, wealth inequality, and the distribution of trade gains
Foellmi, Reto; Oechslin, Manuel - 2010
Globalization increasingly involves less-developed countries (LDCs), i.e., economies which usually suffer from severe imperfections in their financial systems. Taking these imperfections seriously, we analyze how credit frictions affect the distributive impact of trade liberalizations. We find...
Persistent link: https://www.econbiz.de/10010316053
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Market imperfections, wealth inequality, and the distribution of trade gains
Foellmi, Reto; Oechslin, Manuel - 2010
Globalization increasingly involves less-developed countries (LDCs), i.e., economies which usually suffer from severe imperfections in their financial systems. Taking these imperfections seriously, we analyze how credit frictions affect the distributive impact of trade liberalizations. We find...
Persistent link: https://www.econbiz.de/10008760477
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Endogenous trade policy : political struggle in the growth process
Sugimoto, Yoshiaki (contributor) - 2006
This paper develops a dynamic theory that accounts for the evolution of trade policy, underlying internal class conflicts, and output growth performance over the last few centuries. By analyzing political responses to the distributional effects of international trade, it finds a prominent...
Persistent link: https://www.econbiz.de/10003397477
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Welfare Implications of Trade Liberalization When Revenue Matters
Bansah, Marcus; Mohsin, Mohammed - 2021
Some empirical studies have shown that many developing economies were unable to recover lost trade revenue from domestic taxes after implementing trade liberalizing policies. Ignoring the fiscal cost of trade liberalization when government spending is not completely wasteful may lead to...
Persistent link: https://www.econbiz.de/10013246945
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Endogenous Trade Policy : Political Struggle in the Growth Process
Sugimoto, Yoshiaki - 2008
This paper develops a dynamic theory that accounts for the evolution of trade policy, underlying internal class conflicts, and output growth performance. By analyzing political responses to the distributional effects of international trade, it finds that economies with a comparative advantage in...
Persistent link: https://www.econbiz.de/10014053727
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Ramsey model of barriers to growth and skill-biased income distribution in South Africa
Rattsø, Jørn; Stokke, Hildegunn E. - 2005
Persistent link: https://www.econbiz.de/10003062598
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South-North convergence from a new perspective
Hübler, Michael - 2013
-North convergence based on North-South technology diffusion through intermediate goods trade is guaranteed if the knowledge effect … dominates the productivity effect. Moreover, a larger Southern market expands the area of convergence and can prevent divergence … convergence is desirable for both, the South and the North. …
Persistent link: https://www.econbiz.de/10010204037
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FDI policies and catching-up
Santos, Eleonora; Khan, Shahed - 2019
, we suggest that the convergence based on the productivity, can be assisted by a reinforcement of supply-side measures …
Persistent link: https://www.econbiz.de/10012061108
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Economic growth and convergence during the transition to production using automation capital
Dujava, Daniel; Lábaj, Martin - 2019
industrial robots replace low-skilled labour. We show that this has potential non-linear effects on σ-convergence and that the …
Persistent link: https://www.econbiz.de/10012125628
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Chapter 3 Horizontal Innovation in the Theory of Growth and Development
Gancia, Gino; Zilibotti, Fabrizio - 2005
We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990). “Endogenous technological change”. Journal of Political Economy 98, 71–102]. In the first part, we present different versions of the benchmark linear model with imperfect...
Persistent link: https://www.econbiz.de/10014023784