Trade Liberalization Impacts on Disparity of Income Distribution in Rural China
... The trade liberalization is still the irreversible tendency of the world economic development. To a country, the trade liberalization not only impels the whole economical welfare level of this country, but also influences this country’s domestic income distribution and disparity. According to the He ...
... The trade liberalization is still the irreversible tendency of the world economic development. To a country, the trade liberalization not only impels the whole economical welfare level of this country, but also influences this country’s domestic income distribution and disparity. According to the He ...
Principles of Economic Growth
... efficiency, which is good for growth 2. Stabilization reduces the inefficiency associated with inflation, which is good for growth 3. Privatization reduces the inefficiency associated with state-owned enterprises, which … 4. Education makes the labor force more efficient 5. Technological progress al ...
... efficiency, which is good for growth 2. Stabilization reduces the inefficiency associated with inflation, which is good for growth 3. Privatization reduces the inefficiency associated with state-owned enterprises, which … 4. Education makes the labor force more efficient 5. Technological progress al ...
Botswana: An African Success
... BOTSWANA** Most Sub-Saharan African countries gained their independence from the European colonial powers after World War II. Since then, the majority of them have had difficulty raising their living standards and have fallen behind countries like South Korea, which at one time were just as poor. Ta ...
... BOTSWANA** Most Sub-Saharan African countries gained their independence from the European colonial powers after World War II. Since then, the majority of them have had difficulty raising their living standards and have fallen behind countries like South Korea, which at one time were just as poor. Ta ...
the paper
... C it was the towns and cities of northern Britain – in the regions of the North West, North East and Yorkshire-Humberside – that were the country’s economic ‘powerhouses’. Throughout the long Victorian period, so the argument runs, the ‘North’ was the most dynamic and prosperous p ...
... C it was the towns and cities of northern Britain – in the regions of the North West, North East and Yorkshire-Humberside – that were the country’s economic ‘powerhouses’. Throughout the long Victorian period, so the argument runs, the ‘North’ was the most dynamic and prosperous p ...
Nature, Power, and Growth
... followed its own independent paths, which seemed to leave little or no room for other explanations for long-term economic growth than population expansion and technological progress. This would, however, change. The endogenous-growth revolution that started around the mid-1980s ignited new ideas on ...
... followed its own independent paths, which seemed to leave little or no room for other explanations for long-term economic growth than population expansion and technological progress. This would, however, change. The endogenous-growth revolution that started around the mid-1980s ignited new ideas on ...
- Warwick WRAP
... output elasticities of capital and labour, respectively. TFP growth will reflect improvements in the efficiency with which inputs are used and improvements in technology. This approach directs attention to effects that the Marshall Plan had by financing more investment and so raising ΔK/K and also o ...
... output elasticities of capital and labour, respectively. TFP growth will reflect improvements in the efficiency with which inputs are used and improvements in technology. This approach directs attention to effects that the Marshall Plan had by financing more investment and so raising ΔK/K and also o ...
Does the Gravity Model Fit Korea`s Trade Patterns? Implications for
... Larger countries, with a great production capacity, are more likely to achieve economies of scale and increase their exports based on comparative advantage. They also possess large domestic markets able to absorb more imports. Therefore, an increase in the product of the two countries’ GDPs is expec ...
... Larger countries, with a great production capacity, are more likely to achieve economies of scale and increase their exports based on comparative advantage. They also possess large domestic markets able to absorb more imports. Therefore, an increase in the product of the two countries’ GDPs is expec ...
1 - Index Measures
... approach of Diewert and Morrison, we develop methods for measuring these effects. The growth rates of our alternative price indexes for U.S. imports are as much as 2% per year lower than the growth rate of price indexes calculated using official methods. Because non-petroleum imports amount to aroun ...
... approach of Diewert and Morrison, we develop methods for measuring these effects. The growth rates of our alternative price indexes for U.S. imports are as much as 2% per year lower than the growth rate of price indexes calculated using official methods. Because non-petroleum imports amount to aroun ...
A Tale of two Globalizations: World Trade and Openness 1800-2007
... ‘the chief similarities lie in the aggregate trade-to-GDP and capital-flows-to-GDP ratios. These stand today approximately at the level that they attained at the end of the 19th century’ (1999 p.1). This conclusion is clearly provisional, as it relies on few scattered data for UK, USA and other adva ...
... ‘the chief similarities lie in the aggregate trade-to-GDP and capital-flows-to-GDP ratios. These stand today approximately at the level that they attained at the end of the 19th century’ (1999 p.1). This conclusion is clearly provisional, as it relies on few scattered data for UK, USA and other adva ...
View/Open
... negotiations were the turning point for developing countries in their integration into the global economy. However, in the GATT/Uruguay Round, most countries were in favour of formulating new rules for the world trading system, including market access offers in reducing tariff protection in manufact ...
... negotiations were the turning point for developing countries in their integration into the global economy. However, in the GATT/Uruguay Round, most countries were in favour of formulating new rules for the world trading system, including market access offers in reducing tariff protection in manufact ...
Impact of Russia`s WTO Accession on the Structure of the Russian
... competition. Trade liberalization should therefore affect these sectors relatively more. Over 60% of Russia’s exports are provided by five sectors: natural gas, oil, ferrous metals, non-ferrous metals, and chemical products. Since each of these sectors exports more than 25% of its total output, it i ...
... competition. Trade liberalization should therefore affect these sectors relatively more. Over 60% of Russia’s exports are provided by five sectors: natural gas, oil, ferrous metals, non-ferrous metals, and chemical products. Since each of these sectors exports more than 25% of its total output, it i ...
neighborhood effects in economic growth
... can be said about fast growing economies, which also tend to be geographically clustered. This geographical concentration of economic growth is partly responsible for the success of regional dummies in many empirical growth studies which consistently, and even after controlling for other factors, fi ...
... can be said about fast growing economies, which also tend to be geographically clustered. This geographical concentration of economic growth is partly responsible for the success of regional dummies in many empirical growth studies which consistently, and even after controlling for other factors, fi ...
Globalization, Europeanization and Trade in the 1990s
... seen the larger economies narrow that gap, although it remains the case that the ratios of the smaller countries are twice those of the larger countries. Since the trade/GDP ratio rose in France, Germany and Italy by 20, 14 and 28 per cent respectively during the 1960s, there is a clear pattern of i ...
... seen the larger economies narrow that gap, although it remains the case that the ratios of the smaller countries are twice those of the larger countries. Since the trade/GDP ratio rose in France, Germany and Italy by 20, 14 and 28 per cent respectively during the 1960s, there is a clear pattern of i ...
Getting interventions right: how South Korea and Taiwan grew rich
... that the wastage allowance alone provided an export subsidy of 4.6% in 1968 on average, and up to 17-21% in certain fabrics and footwear. Bureaucrats had virtually unrestricted discretion in setting wastage allowances, and their generosity varied from time to time. There is no doubt that these measu ...
... that the wastage allowance alone provided an export subsidy of 4.6% in 1968 on average, and up to 17-21% in certain fabrics and footwear. Bureaucrats had virtually unrestricted discretion in setting wastage allowances, and their generosity varied from time to time. There is no doubt that these measu ...
Full exam paper + correctives
... Using a diagram, explain why developing countries might benefit from having a comparative advantage in the production of primary goods. [4 marks] Standard-issue “1048” diag showing that an LDC with a comparative advantage can consume outside its PPF, 2p Explanation that since opp costs of primar ...
... Using a diagram, explain why developing countries might benefit from having a comparative advantage in the production of primary goods. [4 marks] Standard-issue “1048” diag showing that an LDC with a comparative advantage can consume outside its PPF, 2p Explanation that since opp costs of primar ...
Heckscher-Ohlin Model - University of Notre Dame
... • The HO framework is one of the most widely used models to explain trade patterns. • It isolates the effect of differences in relative factor endowments across countries and determines the impact of these differences on trade patterns, relative prices, and factor returns. • By focusing on the diffe ...
... • The HO framework is one of the most widely used models to explain trade patterns. • It isolates the effect of differences in relative factor endowments across countries and determines the impact of these differences on trade patterns, relative prices, and factor returns. • By focusing on the diffe ...
Macroeconomics/Northrop/Fall 2001/First Exam
... 4. (a) Graph the US demand and supply for steel that is produced in South Korea. Label your demand curve "Dwith free trade" and label your supply curve "Swith free trade." Assume that the international market works freely. Indicate the equilibrium values along the horizontal and vertical axes of you ...
... 4. (a) Graph the US demand and supply for steel that is produced in South Korea. Label your demand curve "Dwith free trade" and label your supply curve "Swith free trade." Assume that the international market works freely. Indicate the equilibrium values along the horizontal and vertical axes of you ...
View/Open
... The standard arguments of the benefits of trade liberalisation encompass the ideas that trade liberalisation, by relaxing the constraints, expands the scope of the small domestic market, provides access to foreign direct investment, facilitates technology transfer, creates marketing networks, and pr ...
... The standard arguments of the benefits of trade liberalisation encompass the ideas that trade liberalisation, by relaxing the constraints, expands the scope of the small domestic market, provides access to foreign direct investment, facilitates technology transfer, creates marketing networks, and pr ...
Chapter 5
... cloth rises for domestic consumers. – Likewise, the price of cloth relative to the price of food falls for domestic consumers. – Domestic producers will receive a lower relative price of cloth, and therefore will be more willing to switch to food production: relative supply of cloth will decrease. – ...
... cloth rises for domestic consumers. – Likewise, the price of cloth relative to the price of food falls for domestic consumers. – Domestic producers will receive a lower relative price of cloth, and therefore will be more willing to switch to food production: relative supply of cloth will decrease. – ...
Trade Liberalisation, Corporate Tax and Poverty in Ghana
... Specifically, the study investigated the implications of trade liberalization and corporate tax reforms on the incidence, depth and severity of poverty at the national and household levels. This was achieved by considering two alternative policy simulations. In the first simulation, trade taxes on ...
... Specifically, the study investigated the implications of trade liberalization and corporate tax reforms on the incidence, depth and severity of poverty at the national and household levels. This was achieved by considering two alternative policy simulations. In the first simulation, trade taxes on ...
A CAUSALITY BETWEEN CAPITAL FLIGHT AND ECONOMIC
... economic growth in Nigeria using the ECM showed an insignificant negative influence of FDI on growth. The author further argued that extractive FDI might not extract significant impact on growth compared to the FDI in manufacturing sector. Additionally, FDI may influence growth negatively once there ...
... economic growth in Nigeria using the ECM showed an insignificant negative influence of FDI on growth. The author further argued that extractive FDI might not extract significant impact on growth compared to the FDI in manufacturing sector. Additionally, FDI may influence growth negatively once there ...
NBER WORKING PAPERS SERIES Aiwyn Young
... time of a function describing the Unit output labour requirements of each of the goods. Thus, fundamentally, the model examines the endogenoUs exploitation of the productive potential of a series of technologies, whose development, for the sake of simplicity, is taken as a given. At any point in tim ...
... time of a function describing the Unit output labour requirements of each of the goods. Thus, fundamentally, the model examines the endogenoUs exploitation of the productive potential of a series of technologies, whose development, for the sake of simplicity, is taken as a given. At any point in tim ...
CHAPTER 1 INTRODUCTION
... and the multilateral trade negotiations underway are likely to increase the tradability of services over time. The increase in the contribution of services to the national economy and, in particular, international trade, has two contradictory economic welfare implications for South Africa. On one ha ...
... and the multilateral trade negotiations underway are likely to increase the tradability of services over time. The increase in the contribution of services to the national economy and, in particular, international trade, has two contradictory economic welfare implications for South Africa. On one ha ...
Natural Resources and Economic Growth: From Dependence to
... Channel 1: The Dutch disease and foreign capital An overvalued currency was the first symptom associated with the Dutch disease following the discovery of natural gas deposits within the jurisdiction of the Netherlands in the North Sea in the late 1950s and early 1960s, but subsequently several othe ...
... Channel 1: The Dutch disease and foreign capital An overvalued currency was the first symptom associated with the Dutch disease following the discovery of natural gas deposits within the jurisdiction of the Netherlands in the North Sea in the late 1950s and early 1960s, but subsequently several othe ...
Tackling inequality through trade and development in the
... extremely unequal, both between countries and within countries. Inequality between countries has recently declined somewhat due to the very rapid growth of China. If China is not taken into account, the inequality between countries is higher today than it was in 1980. Inequality within countries has ...
... extremely unequal, both between countries and within countries. Inequality between countries has recently declined somewhat due to the very rapid growth of China. If China is not taken into account, the inequality between countries is higher today than it was in 1980. Inequality within countries has ...