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) between developing countries in welfare terms by taking into account scale economies in transport. First, how is the standard … welfare analysis of an RTA affected by the endogeneity of transport costs (i.e. by the joint determination of trade quantities … and transport costs)? Second, what are the long-run consequences of endogenous transport costs for welfare if worldwide …
Persistent link: https://www.econbiz.de/10008805091
) between developing countries in welfare terms by taking into account scale economies in transport. First, how is the standard … welfare analysis of an RTA affected by the endogeneity of transport costs (i.e. by the joint determination of trade quantities … and transport costs)? Second, what are the long-run consequences of endogenous transport costs for welfare if worldwide …
Persistent link: https://www.econbiz.de/10005350076
Persistent link: https://www.econbiz.de/10009760694
Persistent link: https://www.econbiz.de/10012581909
Persistent link: https://www.econbiz.de/10012815477
How does import protection affect export performance? In trade models with scale economies, import liberalization can reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US export growth following the permanent normalization of...
Persistent link: https://www.econbiz.de/10012817913
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ideology. In 1955, Simon Kuznets offered the highly influential conjecture that, while rising inequality characterizes early … economic development, advanced development promises greater equality. However, rising inequality in most wealthy countries over … the dynamics by which the rich inevitably regain control over ideology — and thereby the state — with their far greater …
Persistent link: https://www.econbiz.de/10010721914
and consolidation of class society and inequality. Money, class society, and inequality came into being simultaneously, so … harmony and equality, while inequality was growing and solidifying. Rather than "invented" by private traders, money was first … origins of inequality, a well-functioning democratic society has the power to subvert the inequality-inducing characteristic …
Persistent link: https://www.econbiz.de/10011189242
. So too would welfare and its debasement of those able to work. Guaranteed employment would also reduce inequality, the …
Persistent link: https://www.econbiz.de/10010616477