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Government budget balance forces the endogenous use of distortionary tax instruments when an exogenous reform is implemented. The aggregate efficiency of such reforms is based on comparisons of simple summary measures of the Marginal Cost of Funds of the various tariff or quota changes with the...
Persistent link: https://www.econbiz.de/10005779975
trade with foreigners is detrimental for growth. We find that Taxes on international trade seems to drive this result …
Persistent link: https://www.econbiz.de/10014055545
trade regime, exchange rate, credit and interest rate policies - were largely unnecessary or excessive. …
Persistent link: https://www.econbiz.de/10005475020
using the System Generalized Method of Moment (GMM) approach. Trade and growth are usually positively correlated and capital … formation appears to be an important channel through which trade brings growth. There generally exists a positive relationship …
Persistent link: https://www.econbiz.de/10009421196
We analyze a two country-two good model of international trade in which citizens in each country differ by their … specific factor endowments. The trade policy in each country is set by the politician who has been elected by the citizens in a …
Persistent link: https://www.econbiz.de/10011398023
New Zealand has had a complex process of adjusting commercial policy since the economic reforms began in 1984. This paper reports on the results of a research project to estimate the trends in industry assistance over this period and the variance of assistance within 2-digit industry groupings.
Persistent link: https://www.econbiz.de/10005384978
adjustments in both regions' commodity and capital markets after trade liberalization. Simulation results show that tariff … reductions initiated by MERCOSUR have small positive effects on the US production, trade, consumption and investment, and …
Persistent link: https://www.econbiz.de/10005639455
be optimal to tax the less efficient domestic firms. Then it considers the optimal discriminatory tariffs on homogeneous …
Persistent link: https://www.econbiz.de/10005634419
New Zealand has had a complex process of adjusting commercial policy since the economic reforms began in 1984. This paper reports on the results of a research project to estimate the trends in industry assistance over this period and the variance of assistance within 2- digit industry groupings.
Persistent link: https://www.econbiz.de/10005119303
trade with foreigners" is detrimental for growth. We find that "Taxes on international trade" seems to drive this result …
Persistent link: https://www.econbiz.de/10010321548