Showing 1 - 10 of 258
The number of bilateral and multilateral trade agreements has surged in recent years. In order to benefit from preferential tariff rates,firms must apply and comply with rules of origin requirements. This is costly and explains why preference utilization rates (PUR) are far below 100 percent. In...
Persistent link: https://www.econbiz.de/10012317015
Why are trade agreements regional? I address this question in a model of oligopoly featuring product variety. Tariffs have the effect of manipulating a country's terms of trade and shifting profits towards the domestic market at the expense of foreign trade partners. Countries endogenously form...
Persistent link: https://www.econbiz.de/10011494467
We develop a theory of economic disintegration that features both endogenously formed tax and trade policies. We show very generally that the economic disintegration of a country from an economic union leads to a deeper integration of international trade institutions. Moreover, we set up a...
Persistent link: https://www.econbiz.de/10012421558
This paper sets up a model of trade, in which two countries with differing levels of technology specialize on the production of subsets of the global value chain. In the open economy equilibrium, the technologically backward country exports intermediates in exchange for imports of a homogeneous...
Persistent link: https://www.econbiz.de/10013336229
Persistent link: https://www.econbiz.de/10013198292
One of the targets of Europe's growth strategy (Europe 2020) is "reduction of poverty by aiming to lift at least 20 … million people out of the risk of poverty or social exclusion". Since poverty is a multidimensional concept, EUROSTAT proposes … three indicators to calculate it: people at risk-of-poverty after social transfers (persons are at risk of poverty if their …
Persistent link: https://www.econbiz.de/10011518159
those in rural areas. All the factors presented increase the risk of poverty for the categories at the limit of this …
Persistent link: https://www.econbiz.de/10012518779
Persistent link: https://www.econbiz.de/10012418774
We study the multifaceted effects and persistence of trade policy shocks on financial markets in a structural vector autoregression. The model is identified via event day heteroskedasticity. We find that restrictive US trade policy shocks affect US and international stock prices heterogeneously,...
Persistent link: https://www.econbiz.de/10012424229
The purpose of the paper is to identify areas in South Africa where social-economic disparity exists using 2011 census data. Different indices are used to measure spatial disparity with the aim of finding the most appropriate approach for measuring disparities under different circumstances. The...
Persistent link: https://www.econbiz.de/10011504381