The carbon tax is a major instrument for curbing greenhouse gas emissions that cause global warning. Y et its adoption has been limited because of concerns over its effects on economic growth, income distribution, and international competitiveness. The paper shows that policymakers con minimize...

Using a comprehensive international trade data set we investigate empirical regularities (known as Zipf’s Law or the rank-size rule) for the distribution of the interaction between countries as measured by revealed comparative advantage. Using the recently developed estimator by Gabaix and...

Most of the large tariff reductions achieved in multilateral tradenegotiations have involved tariff-cutting formulas such as the "Swiss"formula. However, wide variations in initial tariff rates between activeparticipants call for new approaches under the Doha Development Agenda.This paper...

Today’s global world is characterized not only by a high volume ofinternational trade and foreign investment relativeto national income, but also by a changed composition of that tradetowards a greater fraction of trade in inputs andcapital goods and outsourcing of production.. Emphasized is...

We develop a Heckscher-Ohlin-Ramsey model, combining dual techniqueswith classic geometric techniques fromtrade theory. This framework is used to explore the long-run generalequilibrium effects of regional integration(preferential trade agreements). Emphasis is placed on positivemechanics...

The severe crisis affecting European Monetary Union has emphasized the prevailing interests of national governments and the lack of political leadership of European institutions, not to mention the failure of eurozone governance in terms of effective crisis management. The present work argues...

Brazil is a country with long-standing ambitions for a major role in the world economy and in global governance, but its footprint in various measures of both remains relatively modest. On current trends, the gap between ambition and achievement will likely remain large, so we provide a critique...

The paper discusses existing links between changing patterns of export of goods broken down by technology-intensity versus macroeconomic competitiveness. The study covers nine East-Central European economies: Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and...

As part of the integration process, SADC member states adopted a trade resolution in August 1996 to establish a Free Trade Area by 2008. It was expected that Zimbabwe would use the phase down period, to strategize and align herself for the Free Trade Area. While it is evidently noticeable that...

The report analyzes the international competitiveness of furniture industry based on calculations of effective rates of protection and trade indicators. Furniture manufacturing remains one of the most highly protected industries in Egypt. Although the nominal rate of protection (NRP) for that...