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To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
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This paper reviews and summarizes the literature that has concentrated on budget consolidations and their fiscal and … state of public finances and the economy before consolidation, fiscal rules, political and monetary institutions. In … economic effects. The issue of fiscal adjustments has again gained importance due to the recent economic crisis and the …
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This paper examines the impact of trade liberalizations on government revenues. Using a new dataset on tax revenues for 130 countries between 1792 and 2006 we find that on average countries were able to recover the tax revenues lost by liberalizing trade by using other sources of revenue. There...
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