Found 431 article(s) for author 'Trade Policy'

Financial Globalization: A Reappraisal

Financial Globalization: A Reappraisal. Kenneth Rogoff, 2009, Paper. “The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels with a variety of apparently conflicting results. There is still little robust evidence of the growth benefits of broad capital account liberalization, but a number of recent papers in the finance literature report that equity market liberalizations do significantly boost growth…” Link

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Comment: Policymaking Insights from Behavioral Economics

Comment: Policymaking Insights from Behavioral Economics. David Laibson, 2009, Opinion. “Annamaria Lusardi’s paper is a wonderful summary of what is known about financial literacy and financial decisionmaking. I strongly recommend that anyone who is thinking about household savings behavior or savings policy read her paper. It emphasizes the recent findings that Lusardi and her coauthors have generated: financial illiteracy is an important contributor to suboptimal investment choicesMy comments cover four topics. First, I discuss the classical economic argument that economic choices might be sophisticated…” Link

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The Economics of Growth

The Economics of Growth. Philippe Aghion, December 19, 2008, Book. “This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory…” Link

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Sticky Borders

Sticky Borders. Gita Gopinath and Roberto Rigobon, 2008, Paper. “The stickiness and currency of pricing of traded goods play a central role in international macroeconomics; however, empirical evidence on these features is seriously limited. To address this, we use micro data on U.S. import and export prices at the dock for the period 1994–2005 and present four main results: First, the median price duration in the currency of pricing is 10.6 (12.8) months for imports (exports). Second, 90% (97%) of imports (exports) are priced in dollars. Consequently, contrary to standard modeling assumptions…” Link

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Negotiating free trade

Negotiating free trade. Philippe Aghion, September 2007, Paper. “We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at once. We show how the structure of coalition externalities shapes the choice between sequential and multilateral bargaining, and we identify circumstances in which the grand coalition is the equilibrium outcome, leading to worldwide free trade…” May require purchase or user account. Link

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Facts and Fallacies about U.S. FDI in China

Facts and Fallacies about U.S. FDI in China. C. Fritz Foley, August 16, 2007, Book Chapter. “Despite the rapid expansion of U.S.-China trade ties, the increase in U.S. FDI in China, and the expanding amount of economic research exploring these developments, a number of misconceptions distort the popular understanding of U.S. multinationals in China. In this paper, we seek to correct four common misunderstandings by providing a statistical portrait of several aspects of U.S. affiliate activity in the country and placing this activity in its appropriate economic context.” Link

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The Product Space Conditions in the Development of Nations

The Product Space Conditions in the Development of Nations. Ricardo Hausmann, July 27, 2007, Paper. “Economies grow by upgrading the products they produce and export. The technology, capital, institutions, and skills needed to make newer products are more easily adapted from some products than from others. Here, we study this network of relatedness between products, or “product space,” finding that more-sophisticated products are located in a densely connected core whereas less-sophisticated products occupy a less-connected periphery. Empirically, countries move through the product space by developing goods close to those…” Link

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RELATIONSHIP-SPECIFICITY, INCOMPLETE CONTRACTS, AND THE PATTERN OF TRADE. Nathan Nunn, May 2007, Paper. “Is a country’s ability to enforce contracts an important determinant of comparative advantage? To answer this question, I construct a variable that measures, for each good, the proportion of its intermediate inputs that require relationship-specific investments. Combining this measure with data on trade flows and judicial quality, I find that countries with good contract enforcement specialize in the production of goods for which relationship-specific investments are most important…” Link

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The Product Space and its Consequences for Economic Growth

The Product Space and its Consequences for Economic Growth. Ricardo Hausmann, March 5, 2007, Paper. “In this paper, we test the assumption underlying the foundational models of trade that there always exist products through which countries can express their endowments and technology. We map the `space’ of products in the world, and find it to be quite heterogeneous, with a central core and outer periphery. Moreover, we show that the way countries develop comparative advantage is far from random, and that the empirical rules observed herein predict, together with the structure of the product space, explain…” Link

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Context-Conditional Political Business Cycles

Context-Conditional Political Business Cycles. James E. Alt, 2007, Book Chapter in The Oxford Handbook of Comparative Politics. “Offers an innovative structure that responds to the very latest scholarship in comparative politics, with sections covering: theory and methodology, states and the state formation, political consent, political regimes and transitions, political instability, political conflict, mass political mobilization, processing political demands, and governance in comparative perspective.” Link

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