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equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …
Persistent link: https://www.econbiz.de/10012287974
Applied welfare analyses of redistributive systems nowadays benefit from powerful tax benefit microsimulation programs combined with administrative data. Arguably, most of the distributional studies of that kind focus on social welfare defined as a function - typically inequality or poverty...
Persistent link: https://www.econbiz.de/10011751671
We examine the socially optimal wealth distribution in a two-person two-good model with heterogeneous workers and asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the other (non-social) individual. We show that the...
Persistent link: https://www.econbiz.de/10003755338
This paper provides a welfare analysis of trade liberalization based upon the moral principles of utilitarianism. The … writings of moral philosophers. Next the distributional consequences of trade liberalization are developed and the social … welfare implications are derived. Basically it is concluded that trade policy changes produce large distributional changes …
Persistent link: https://www.econbiz.de/10013079967
Some middle-income economies, many of which Latin American, have not achieved to make the transition into high-income status for long years and are allegedly trapped in middle-income status. While there is considerable consensus on the proximate causes of this phenomenon, we present a global...
Persistent link: https://www.econbiz.de/10011960107
How does intranational factor mobility shape the welfare effects of a trade shock? I provide evidence that during WWI … aggregate gains of trade formula to take domestic reallocation into account more than triples the estimated welfare effects. …
Persistent link: https://www.econbiz.de/10012544292
, particularly China, on price growth between 2002 and 2017. I find that the trade shock impacted prices. Had import competition …
Persistent link: https://www.econbiz.de/10012154720
We analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing … yields predictions regarding the linkages between trade protection, country characteristics and inequality in Heckscher …
Persistent link: https://www.econbiz.de/10011337398
In this paper we tackle the problems of dimensionality of welfare and that of identifying the multidimensionally poor by first finding the poor using the original space of attributes, and then reducing the welfare space. The starting point is the notion that the "poor" constitutes a group of...
Persistent link: https://www.econbiz.de/10008772508
We analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing … yields predictions regarding the linkages between trade protection, country characteristics and inequality in Heckscher …
Persistent link: https://www.econbiz.de/10012735412