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This paper studies whether NAFTA contributed to the productivity convergence between Mexico and the US. Using data from the manufacturing sector for 1986 to 2000 and introducing a number of refinements in the computation of the total factor productivity and estimation methods, it shows that the...
Persistent link: https://www.econbiz.de/10003874809
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We focus on the first 20 years of the Euro, from 1999 to 2019, and we split this period into two approximate decades to examine the performance of three benchmarks: the real GDP quarterly growth, the annualized real per capita GDP changes and unemployment. These illustrate that the under...
Persistent link: https://www.econbiz.de/10012834156
This Article brings to the attention of those public servants involved in the design and negotiation of free trade … negotiating in a bilateral forum. Rather than critiquing the free trade agreement for its particular provisions, this Article … examines the U.S. policy of negotiating bilaterally with developing countries as opposed to multilaterally in the world trade …
Persistent link: https://www.econbiz.de/10014220756
Public pension funds are, by far, the world's preeminent asset owners, with more than $ 25 trillions in combined assets. The largest pension funds are found in the United States, Canada, Australia, Japan, the Netherlands and the UK ("pension superpowers"). How they are managed, their funding...
Persistent link: https://www.econbiz.de/10014030997
Using the theoretical framework of global sourcing with firm heterogeneity, we examine determinants of inputs sourcing choices of manufacturing firms established in the EU countries. To this purpose, we combine information on the ownership structure and company accounts from the Orbis data set...
Persistent link: https://www.econbiz.de/10011900107
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The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which …
Persistent link: https://www.econbiz.de/10010354546
Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...
Persistent link: https://www.econbiz.de/10011876523