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... of domestic markets. In the extreme case of an import ban or a prohibitively high import tariff, this measure indicates a high level of competitive advantage, while the reverse might be the case. Another factor which can lead to a distortion of all indicators considering exclusively either exports o ...
... of domestic markets. In the extreme case of an import ban or a prohibitively high import tariff, this measure indicates a high level of competitive advantage, while the reverse might be the case. Another factor which can lead to a distortion of all indicators considering exclusively either exports o ...
Leandro Prados de la Escosura COLONIAL INDEPENDENCE AND ECONOMIC BACKWARDNESS
... Independence, a long process that was completed by 1825, is seen as the most important event in nineteenth-century Latin American economic history2. This is so due, in part, to the association historians and economists tend to establish between the long-run consequences of colonial emancipation and ...
... Independence, a long process that was completed by 1825, is seen as the most important event in nineteenth-century Latin American economic history2. This is so due, in part, to the association historians and economists tend to establish between the long-run consequences of colonial emancipation and ...
Remittances or technological diffusion: Which is more important for
... economic growth, this paper concentrates on the role of remittances in creating incentives for household savings and private sector investment. In particular, we focus on the fraction of remittances that the receiving countries use to start up businesses, invest in human capital or financial assets, ...
... economic growth, this paper concentrates on the role of remittances in creating incentives for household savings and private sector investment. In particular, we focus on the fraction of remittances that the receiving countries use to start up businesses, invest in human capital or financial assets, ...
... Federal Reserve of the United States caused shortterm financial and asset market jitters in mid-2013. The longer-term impact of such a move will have significant macroeconomic implications for the region, and policymakers need to adapt national economic strategies accordingly.3 For example, long-ter ...
Evaluating Africa`s comparative advantage in travel service exports
... To account for the diverse nature of a country’s export basket as well as the size of exports in the whole economy, three different RCA’s are calculated. The first measure (RCA1) calculates the percentage share of travel services exports in national exports, over the share of world travel services e ...
... To account for the diverse nature of a country’s export basket as well as the size of exports in the whole economy, three different RCA’s are calculated. The first measure (RCA1) calculates the percentage share of travel services exports in national exports, over the share of world travel services e ...
The Economic Implications of Brexit
... petroleum and onshore oil and gas activities, faces the largest potential reductions in employment and output. After around 10 years, employment is expected to be 3-8% lower than would otherwise be the case and output 4-10% lower ...
... petroleum and onshore oil and gas activities, faces the largest potential reductions in employment and output. After around 10 years, employment is expected to be 3-8% lower than would otherwise be the case and output 4-10% lower ...
Sterling and the Tariff, 1929-32
... domestic profits and improve Britain's trade balance, enabling the Bank of England to reduce Bank rate and thereby stimulate investment without undermining the stability of the exchange rate. The limited flexibility of wages was a critical component of Keynes's analysis. In his view, the single most ...
... domestic profits and improve Britain's trade balance, enabling the Bank of England to reduce Bank rate and thereby stimulate investment without undermining the stability of the exchange rate. The limited flexibility of wages was a critical component of Keynes's analysis. In his view, the single most ...
Convergence, trade and industrial policy: Argentina, Brazil and
... system. The paper does not consider the last quarter of the 20th century, in which the pattern of technical change shifted significantly. From a Latin American perspective, the work concludes with the end of the process of import-substituting industrialization. In effect, the 1980s represented a mom ...
... system. The paper does not consider the last quarter of the 20th century, in which the pattern of technical change shifted significantly. From a Latin American perspective, the work concludes with the end of the process of import-substituting industrialization. In effect, the 1980s represented a mom ...
DRAFT: Not for citation
... In his early writings, Lewis emphasizes capital accumulation, with models akin to Kaldor, Harrod-Domar and Solow-Swan clearly in mind.4 Yet unlike some contemporaries, Lewis was concerned with the incremental capital: output ratio that linked investment to growth, realizing that this ratio was in fa ...
... In his early writings, Lewis emphasizes capital accumulation, with models akin to Kaldor, Harrod-Domar and Solow-Swan clearly in mind.4 Yet unlike some contemporaries, Lewis was concerned with the incremental capital: output ratio that linked investment to growth, realizing that this ratio was in fa ...
economics - Department of Basic Education
... what answers are acceptable. The learner does NOT have to present answers exactly as in the marking guideline (except objective-type questions). In terms of other questions (SECTION A, SECTION B, list, define, etc.) the essence of what the learners say must be covered by the marking guideline. • Whe ...
... what answers are acceptable. The learner does NOT have to present answers exactly as in the marking guideline (except objective-type questions). In terms of other questions (SECTION A, SECTION B, list, define, etc.) the essence of what the learners say must be covered by the marking guideline. • Whe ...
The Long-Term Economic Impact of Leaving the EU
... However, it is important to note that there is a very real risk that leaving the EU might have a negative impact on productivity. Abstracting from any direct impact on productivity may account for much of the difference between our lower and the OECD and HM Treasury’s higher estimates of the long-ru ...
... However, it is important to note that there is a very real risk that leaving the EU might have a negative impact on productivity. Abstracting from any direct impact on productivity may account for much of the difference between our lower and the OECD and HM Treasury’s higher estimates of the long-ru ...
Evolving US Trade Policy-What`s at Stake for the
... NAFTA will come to an orderly conclusion, the paper Sources: Scotiabank Economics, Bloomberg. considers the possible economic fallout that could ensue if these negotiations reach an impasse and the US decides to withdraw from NAFTA. We present simulation results from Scotiabank Economics’ global mac ...
... NAFTA will come to an orderly conclusion, the paper Sources: Scotiabank Economics, Bloomberg. considers the possible economic fallout that could ensue if these negotiations reach an impasse and the US decides to withdraw from NAFTA. We present simulation results from Scotiabank Economics’ global mac ...
Why Diversification
... economic activity is lowered. Diversification objectives should aim at, as well, utilizing the comparative advantages to enable an economy to make use of its economic endowments. Despite the importance of the above-mentioned considerations, i.e. risk, and comparative advantages, they are not well ad ...
... economic activity is lowered. Diversification objectives should aim at, as well, utilizing the comparative advantages to enable an economy to make use of its economic endowments. Despite the importance of the above-mentioned considerations, i.e. risk, and comparative advantages, they are not well ad ...
The New Comparative Economics versus the Old
... you peruse the current journals devoted to comparative economics, you mostly find either country studies or comparative studies of particular institutions, policies, or performance results between countries, but not analyses of economic systems focusing on the three basic questions. ...
... you peruse the current journals devoted to comparative economics, you mostly find either country studies or comparative studies of particular institutions, policies, or performance results between countries, but not analyses of economic systems focusing on the three basic questions. ...
MPDD W P
... different regions of the world over the 1990s following the formation of single market by the European Union and of NAFTA by the North American countries. With the growing popularity of the regional economic integration worldwide, more than half of world trade is now conducted between members of reg ...
... different regions of the world over the 1990s following the formation of single market by the European Union and of NAFTA by the North American countries. With the growing popularity of the regional economic integration worldwide, more than half of world trade is now conducted between members of reg ...
My lecture
... from abroad raises the GDP of the country. • When profits are repatriated to the country of origin, the receiving country’s GNP is reduced by that amount. • GDP is output produced in US. • GNP is output produced by American residents. Econ 202 Dr. Ugur Aker ...
... from abroad raises the GDP of the country. • When profits are repatriated to the country of origin, the receiving country’s GNP is reduced by that amount. • GDP is output produced in US. • GNP is output produced by American residents. Econ 202 Dr. Ugur Aker ...
who produces for whom in the world economy? - OFCE
... extrapolate their results to the rest of the world. They find that the share of vertical trade in world merchandise exports was equal to 18% in 1970 and 23.6% in 1990.22 But vertical trade is wider than VS. Purely domestic-produced exports can also be part of vertical specialization trade if they ar ...
... extrapolate their results to the rest of the world. They find that the share of vertical trade in world merchandise exports was equal to 18% in 1970 and 23.6% in 1990.22 But vertical trade is wider than VS. Purely domestic-produced exports can also be part of vertical specialization trade if they ar ...
International Monetary Fund (IMF) - Money Matters: The Importance
... 4. Strive for openness in economic policies affecting other countries. A. Helping countries develop strong economies that can make the most of an "open" world economy (this means encouraging the free flow of imports and exports i.e. international trade.) GROUP B: Benefits of Membership (IMF gold med ...
... 4. Strive for openness in economic policies affecting other countries. A. Helping countries develop strong economies that can make the most of an "open" world economy (this means encouraging the free flow of imports and exports i.e. international trade.) GROUP B: Benefits of Membership (IMF gold med ...
Chapter 7 - chass.utoronto
... and the national government) and one domestic loser (domestic consumers) because of the imposition of a tariff. We can evaluate the net effect on the whole country, if we have some way of comparing winners and losers. As we did beginning in Chapter 2, we can, for instance, use the one-dollar-one-vot ...
... and the national government) and one domestic loser (domestic consumers) because of the imposition of a tariff. We can evaluate the net effect on the whole country, if we have some way of comparing winners and losers. As we did beginning in Chapter 2, we can, for instance, use the one-dollar-one-vot ...
Evidence of the North–South business cycle
... classifying countries as North and South, namely their level of development and the composition of their export and import bundles, but these may conflict. For example, Australia is an industrial country that principally exports primary commodities in exchange for manufactured imports. Another chall ...
... classifying countries as North and South, namely their level of development and the composition of their export and import bundles, but these may conflict. For example, Australia is an industrial country that principally exports primary commodities in exchange for manufactured imports. Another chall ...
Reinventing Government: The Imperatives
... economy or the needs of a more globally-linked and politically-aware citizenry. Globalization has brought stronger competition among businesses and pressures on governments to create economic, political, and social conditions within which the private sector can compete more effectively and in which ...
... economy or the needs of a more globally-linked and politically-aware citizenry. Globalization has brought stronger competition among businesses and pressures on governments to create economic, political, and social conditions within which the private sector can compete more effectively and in which ...
Chapter 18: The Open Economy
... What if all countries increased G at the same time? Then output and import demand would rise for all countries at the same time. IM rise, but X rise too, keeping the trade balance constant. ...
... What if all countries increased G at the same time? Then output and import demand would rise for all countries at the same time. IM rise, but X rise too, keeping the trade balance constant. ...
Tutorial on Partial Equilibrium Modeling: The Case of an
... more of the good in which the country has a comparative disadvantage. • The increased production reflects a misallocation of resources because resources are being used inefficiently. ...
... more of the good in which the country has a comparative disadvantage. • The increased production reflects a misallocation of resources because resources are being used inefficiently. ...
Wage- versus Profit-led Growth in the Context of International
... conditionalities of the loan agreements. Hence, it is also unsurprising that it also does not make an impact on the EC’s policy stance. The next section presents the empirical evidence about the impact of the simultaneous race to the bottom in labour’s share on growth after taking global interaction ...
... conditionalities of the loan agreements. Hence, it is also unsurprising that it also does not make an impact on the EC’s policy stance. The next section presents the empirical evidence about the impact of the simultaneous race to the bottom in labour’s share on growth after taking global interaction ...
Economic integration in Latin America
... They find the presence of macroeconomic interdependence among eight largest African economies and hence their results suggest that some preconditions for a successful integration of Africa are currently in place. Haan and Montoya (2008) investigate regional business cycle synchronization in the Euro ...
... They find the presence of macroeconomic interdependence among eight largest African economies and hence their results suggest that some preconditions for a successful integration of Africa are currently in place. Haan and Montoya (2008) investigate regional business cycle synchronization in the Euro ...