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wealth. We use a two factor general equilibrium model and assume credit markets are absent. We explore the effects of trade … that developed countries need to ensure access to education when liberalizing trade to ensure they reap the potential gains … from trade …
Persistent link: https://www.econbiz.de/10014057061
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in … which trade should increase the relative return of the relatively abundant factor. We develop a simple model of trade with … capital market imperfections, and show that trade can increase the skill premium in both the North and the South, and both in …
Persistent link: https://www.econbiz.de/10008865971
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in … which trade should increase the relative return of the relatively abundant factor. We develop a simple model of trade with … capital market imperfections, and show that trade can increase the skill premium in both the North and the South, and both in …
Persistent link: https://www.econbiz.de/10008838700
paper I illustrate their long-term consequences. I first consider the influence of the slave trade on the "sending … consequences of the slave trade on the "receiving" countries in the Americas. Here I distinguish between the case of Latin America …
Persistent link: https://www.econbiz.de/10011283184
paper I illustrate their long-term consequences. I first consider the influence of the slave trade on the "sending … consequences of the slave trade on the "receiving" countries in the Americas. Here I distinguish between the case of Latin America …
Persistent link: https://www.econbiz.de/10013016389
trade on the “sending” countries in Africa, with attention to their economic, institutional, demographic, and social … implications. Next, I evaluate the consequences of the slave trade on the “receiving” countries in the Americas. Here, I …
Persistent link: https://www.econbiz.de/10011619155
China's need for vast amounts of minerals to sustain its high economic growth rate has led Chinese investors to acquire stakes in natural resource companies, extend loans to mining and petroleum investors, and write long-term procurement contracts for oil and minerals in Africa, Latin America,...
Persistent link: https://www.econbiz.de/10013110506
-North intermediate goods trade framework. International product market integration leads to redistribution of market shares from 'weak … restrictions which prevent the economy from reaching a first best allocation. The positive welfare effects of opening to trade are … integration. -- employment protection ; firing margin ; trade in intermediate goods ; labor market turnover ; revenue risk …
Persistent link: https://www.econbiz.de/10009683967
In a simultaneous model of human and physical capital accumulation for 18 Latin American countries from 1975 to 2004, we show that overall resource dependence is not significantly related to physical and human capital. Disaggregating the natural resource variable into subcategories, we find that...
Persistent link: https://www.econbiz.de/10014206074
Poverty reduction remains one of the main challenges for Latin America at the end of the 20th century. We argue that poverty in Latin America or at least the 'excess poverty' given the level of income in the region, is a problem caused mainly by high inequality. But, income inequality in the...
Persistent link: https://www.econbiz.de/10014159747