Economic Sophistication in Nineteenth Century Congressional Tariff
... the Congressmen's understanding of the economy as a system, their understanding not only of the parts but also of how the parts influence each other. It is only this broader knowledge that is appropriate for national policy formulation. There are several limitations to this study that must be notice ...
... the Congressmen's understanding of the economy as a system, their understanding not only of the parts but also of how the parts influence each other. It is only this broader knowledge that is appropriate for national policy formulation. There are several limitations to this study that must be notice ...
research paper series Research Paper 2015/05
... can calculate the factor content of virtually all of Japan‘s exports using a single factor ...
... can calculate the factor content of virtually all of Japan‘s exports using a single factor ...
Economic Development in Africa
... Industrial growth has fallen behind GDP growth in SSA since 1980. Taking period averages, the elasticity of industrial value added with respect to GDP was 1.10 and 1.03 during the 1960s and 1970s respectively, but it declined to 0.75 for the 1980s and to 0.65 for the 1990s. This constitutes an impor ...
... Industrial growth has fallen behind GDP growth in SSA since 1980. Taking period averages, the elasticity of industrial value added with respect to GDP was 1.10 and 1.03 during the 1960s and 1970s respectively, but it declined to 0.75 for the 1980s and to 0.65 for the 1990s. This constitutes an impor ...
A theory of trade in a global production network
... country a competitive edge in its direct sales markets. The welfare effects experienced in a country are, thus, dependent on its trade partners’ improved access to the demand in the “downstream” stages of the supply chain and their improved access to the intermediate inputs in the “upstream” stages. ...
... country a competitive edge in its direct sales markets. The welfare effects experienced in a country are, thus, dependent on its trade partners’ improved access to the demand in the “downstream” stages of the supply chain and their improved access to the intermediate inputs in the “upstream” stages. ...
FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN
... infrastructure must be established, which will also impose incremental costs. There may also be, and probably are, externalities that an FDI will cause (costs or benefits not born by or charged to the project). For instance, multinational firms operating in emerging markets transfer technology to lo ...
... infrastructure must be established, which will also impose incremental costs. There may also be, and probably are, externalities that an FDI will cause (costs or benefits not born by or charged to the project). For instance, multinational firms operating in emerging markets transfer technology to lo ...
NBER WORKING PAPER SERIES PUTTING THE LID ON LOBBYING:
... More succinctly, countries with good institutions will have a ‘skill-biased’ tariff structure. Summarizing the predictions of our amended protection for sale model, average tariffs are not informative about whether a country has good institutions. In contrast, the skillbias of the tariff structure i ...
... More succinctly, countries with good institutions will have a ‘skill-biased’ tariff structure. Summarizing the predictions of our amended protection for sale model, average tariffs are not informative about whether a country has good institutions. In contrast, the skillbias of the tariff structure i ...
Taxation in Small States - Commonwealth Parliamentary Association
... Although the magnitude of the effect of the removal of tariffs is uncertain, it is safe to assume that the revenue implications of trade liberalisation will depend significantly on the form of liberalisation and the circumstances under which it occurs. Indeed, tax revenue will be least affected when ...
... Although the magnitude of the effect of the removal of tariffs is uncertain, it is safe to assume that the revenue implications of trade liberalisation will depend significantly on the form of liberalisation and the circumstances under which it occurs. Indeed, tax revenue will be least affected when ...
Inward Foreign Direct Investment in SouthAfrica - Econ
... importance to establish the economy’s long run relationship between capital growth and labour force growth which aggravates to full employment. The Harrod-Domar growth model gives a clear outline of the development problems facing less developed nations. This is especially in regard to production te ...
... importance to establish the economy’s long run relationship between capital growth and labour force growth which aggravates to full employment. The Harrod-Domar growth model gives a clear outline of the development problems facing less developed nations. This is especially in regard to production te ...
Biased Growth (cont.)
... 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. – ...
Productivity - Middle Tennessee State University
... Productivity (output per unit of labor) is the main determinant of living standards in the long run. ...
... Productivity (output per unit of labor) is the main determinant of living standards in the long run. ...
Economic Integration in Latin America
... the free mobility of capital and labor in addition to having free trade in goods and services and setting a common tariff among member countries. An economic union is the highest level of economic integration among a group of countries in which goods and services, labor, and capital move freely and ...
... the free mobility of capital and labor in addition to having free trade in goods and services and setting a common tariff among member countries. An economic union is the highest level of economic integration among a group of countries in which goods and services, labor, and capital move freely and ...
Global rebalancing: Effects on trade flows and employment
... growth; and (ii) the income distribution in rapidly growing economies and its attendant impact on the role of household consumption in domestic demand growth. These mechanisms are global in scope, covering developed and developing countries, but the paper focuses on the two main protagonists in this ...
... growth; and (ii) the income distribution in rapidly growing economies and its attendant impact on the role of household consumption in domestic demand growth. These mechanisms are global in scope, covering developed and developing countries, but the paper focuses on the two main protagonists in this ...
In the aftermath of the Great Depression of the 1930s and World War
... abandonment of growth targeting by activist demand management would slow real GDP growth and generate higher unemployment. High unemployment and the drive for labor market ‘flexibility’ in turn would slow real wage growth and raise inequality. Financial liberalization would lead to high real interes ...
... abandonment of growth targeting by activist demand management would slow real GDP growth and generate higher unemployment. High unemployment and the drive for labor market ‘flexibility’ in turn would slow real wage growth and raise inequality. Financial liberalization would lead to high real interes ...
EXPORT PROMOTION AND THE GLOBAL ECONOMIC CRISIS
... mortgages and other assets were used as collateral for loans. Because of the collateralization, these loans were thought to be safe, but the securities turned out to be riskier than borrowers and lenders had thought (Narasimhan, 2009). The G7 (United Kingdom, United States, France, Canada, Italy, Ja ...
... mortgages and other assets were used as collateral for loans. Because of the collateralization, these loans were thought to be safe, but the securities turned out to be riskier than borrowers and lenders had thought (Narasimhan, 2009). The G7 (United Kingdom, United States, France, Canada, Italy, Ja ...
State and Regional Economic Developments in California An LAO
... will be the implications for California’s high technology industries, which export significant amounts of growth in the U.S. economy will lead to a tapering in goods and services to these countries. the rate of job and income growth in this state. As At this point, however, the “best guess” is that, ...
... will be the implications for California’s high technology industries, which export significant amounts of growth in the U.S. economy will lead to a tapering in goods and services to these countries. the rate of job and income growth in this state. As At this point, however, the “best guess” is that, ...
Chapter 19: Developing Countries
... countries are located in Africa, Asia, and Latin America. In many ways, developing economies are similar to other economies of the world. The major difference is that their problems are much greater. Some problems faced by developing countries, such as the residual effects of war highlighted in the ...
... countries are located in Africa, Asia, and Latin America. In many ways, developing economies are similar to other economies of the world. The major difference is that their problems are much greater. Some problems faced by developing countries, such as the residual effects of war highlighted in the ...
``State Control and the Effects of Foreign Relations on Bilateral Trade''
... and state responsiveness to business lobbying that shift trade away from partners in times of discord. Economic patriotism has been shown to motivate selective liberalization as well as protection (Levy, 2006; Clift and Woll, 2012; Rickard and Kono, 2014). Berger et al. (2013) find that the positive ...
... and state responsiveness to business lobbying that shift trade away from partners in times of discord. Economic patriotism has been shown to motivate selective liberalization as well as protection (Levy, 2006; Clift and Woll, 2012; Rickard and Kono, 2014). Berger et al. (2013) find that the positive ...
NBER WORKING PAPER SERIES WHAT YOU EXPORT MATTERS Ricardo Hausmann Jason Hwang
... important role, they do not uniquely pin down what a country will produce and export. Furthermore, not all good are alike in terms of their consequences for economic performance. Specializing in some products will bring higher growth than specializing in others. In this setting, government policy h ...
... important role, they do not uniquely pin down what a country will produce and export. Furthermore, not all good are alike in terms of their consequences for economic performance. Specializing in some products will bring higher growth than specializing in others. In this setting, government policy h ...
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... annual growth rate of the non-agricultural value-added in Turkey during the past four decades (19682011) was about 5 percent. The growth of the agricultural sector was limited to 1.3 percent per year during the same period. The growth rates of agricultural production for different decades indicate t ...
... annual growth rate of the non-agricultural value-added in Turkey during the past four decades (19682011) was about 5 percent. The growth of the agricultural sector was limited to 1.3 percent per year during the same period. The growth rates of agricultural production for different decades indicate t ...
THE DEINDUSTRIAL REVOLUTION: THE RISE AND FALL OF UK
... an instrument that moved workers to jobs rather than jobs to workers, which had many negative effects on the areas which workers left. One prominent critique of both industrial structure and economic policy in the interwar period is that it harmed the supply side of the economy and left an anticompe ...
... an instrument that moved workers to jobs rather than jobs to workers, which had many negative effects on the areas which workers left. One prominent critique of both industrial structure and economic policy in the interwar period is that it harmed the supply side of the economy and left an anticompe ...
International Economics - Department of Higher Education
... absolute advantage in Almost all the goods than a poor developing country such as Haiti. But does that mean the U.S. will only export? What will it do with all its export earning if it does not import? It does not make sense for a Country to keep on exporting without importing. How can a less 4effic ...
... absolute advantage in Almost all the goods than a poor developing country such as Haiti. But does that mean the U.S. will only export? What will it do with all its export earning if it does not import? It does not make sense for a Country to keep on exporting without importing. How can a less 4effic ...
Concepts and Measurements of Economic Interdependence: The
... exist in the absence of geographical bias. Figure 1 shows the data for the U.S. and Mexico for the 1970–2014 period. With the purpose of highlighting the significance of the U.S. market for Mexican products, we also included the indexes of two other important partners for the U.S.: Canada and the Eu ...
... exist in the absence of geographical bias. Figure 1 shows the data for the U.S. and Mexico for the 1970–2014 period. With the purpose of highlighting the significance of the U.S. market for Mexican products, we also included the indexes of two other important partners for the U.S.: Canada and the Eu ...
Policy Brief 17-16: The Payoff to America from Globalization: A Fresh
... Ángel Ubide, and Steven R. Weisman for valuable comments. © Peterson Institute for International Economics. All rights reserved. ...
... Ángel Ubide, and Steven R. Weisman for valuable comments. © Peterson Institute for International Economics. All rights reserved. ...
O A
... foreign investment, foreign direct investment as opposed to merely an international transfer of funds is The whole or part of its investment in machinery and equipment, raw materials, patents and the like are transmitted to the host country [23] Various definitions of FDI are presented. According to ...
... foreign investment, foreign direct investment as opposed to merely an international transfer of funds is The whole or part of its investment in machinery and equipment, raw materials, patents and the like are transmitted to the host country [23] Various definitions of FDI are presented. According to ...