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Delivering In Nairobi-And After, Andrea Spear, Mia Mikic 2016 United Nations ESCAP

Delivering In Nairobi-And After, Andrea Spear, Mia Mikic

Mia Mikic

Much hinges on the outcome of the World Trade Organization's Tenth Ministerial Conference in Nairobi in mid-December. The World Trade Organization (WTO) is marking the 20th anniversary of its establishment during the Uruguay Round, almost half a century after 23 countries set up its predecessor for trade in goods, the General Agreement on Tariffs and Trade (GATT). Yet the mood is far from celebratory. Admittedly, trade has not been helping the global economy much in recent times. The downbeat feeling, however, is more related to the question of the WTO's relevance, now and in future. The WTO was ...


Ttip And Agricultural Trade: The Case Of Tariff Elimination And Pesticide Policy Cooperation, Bo Xiong, John C. Beghin 2016 Zhejiang University

Ttip And Agricultural Trade: The Case Of Tariff Elimination And Pesticide Policy Cooperation, Bo Xiong, John C. Beghin

John Beghin

A possible Trans-Atlantic Trade and Investment Partnership (TTIP) agreement will further integrate agricultural markets between the United States and the European Union. The elimination of tariffs and cooperation on sanitary and phytosanitary measures will promote cross-Atlantic trade. We empirically estimate the impacts of tariffs and Maximum Residue Limits (MRLs) on trade in plant products between the two partners. Furthermore, we simulate trade expansions under plausible negotiation outcomes. We find that a TTIP agreement promotes cross-Atlantic trade in plant products, in both directions, by over 60% if tariffs are removed and MRLs are mutually recognized or harmonized to Codex levels.


Vultures Or Vanguards?: The Role Of Litigation In Sovereign Debt Restructuring, Jill E. Fisch, Caroline M. Gentile 2016 University of Pennsylvania Law School

Vultures Or Vanguards?: The Role Of Litigation In Sovereign Debt Restructuring, Jill E. Fisch, Caroline M. Gentile

Jill Fisch

No abstract provided.


Imprudent Power: Reconsidering U.S. Regulation Of Foreign Tender Offers, Jill E. Fisch 2016 University of Pennsylvania Law School

Imprudent Power: Reconsidering U.S. Regulation Of Foreign Tender Offers, Jill E. Fisch

Jill Fisch

No abstract provided.


Finance, Comparative Advantage, And Resource Allocation, Melise Jaud, Madina Kukenova, Martin Strieborny 2016 World Bank

Finance, Comparative Advantage, And Resource Allocation, Melise Jaud, Madina Kukenova, Martin Strieborny

Martin Strieborny

Can financial institutions and markets enhance the discipline imposed by competitive product markets and thus improve resource allocation in the real economy? We address this question in the context of international trade, using disaggregated product-level data from 71 countries exporting to the USA. We show that exported products exit the US market sooner if they stand far away from the exporting country's comparative advantage. This pattern is stronger when the exporting country has a well-developed banking system, but it is unaffected by the depth of stock markets. These results are in accordance with theories stressing the disciplining role of ...


Uncovering The Relationship Between Women’S Employment And Trade Orientation Using Firm-Level Data, Mohammad Amin, Asif Islam, Khrystyna Kushnir 2016 World Bank

Uncovering The Relationship Between Women’S Employment And Trade Orientation Using Firm-Level Data, Mohammad Amin, Asif Islam, Khrystyna Kushnir

Mohammad Amin

Existing cross-country studies linking women’s employment and trade liberalization are largely based on aggregate or macro-level data. There are exceptions where studies focus on a single country and utilize household survey data. Thus, existing studies are limited in informing models of women’s employment that highlight various firm-level determinants. Furthermore, there are theoretical reasons to believe that the women’s employment and trade liberalization relationship is heterogeneous across firm-level factors such as firm-size, age and industry. This study attempts to overcome these shortcomings by using firm-level survey data for over 17,000 manufacturing firms across 81 developing countries. Based ...


What Determines Public Pension Investment Risk-Taking Policy, Nancy Mohan, Ting Zhang 2016 University of Dayton

What Determines Public Pension Investment Risk-Taking Policy, Nancy Mohan, Ting Zhang

Nancy Mohan

State public pension plans, mostly defined benefit plans, cover pension benefits for 12.8 million active public employees and 5.9 million retirees and other annuitants. However, by the end of 2009, public pension plans had accumulated a total funding deficit of $697 billion (measured by the difference between actuarial pension assets and liabilities). On average, public pension funds cover 75 percent of their liabilities, but individual state results vary greatly.

The 2008 stock market crash strongly affected pension asset value in that equity allocation on average accounted for 56 percent of invested assets. The average 2009 pension asset beta ...


Equilibrium Selection In Global Games With Strategic Complementarities, David M. Frankel, Stephen Morris, Ady Pauzner 2016 Iowa State University

Equilibrium Selection In Global Games With Strategic Complementarities, David M. Frankel, Stephen Morris, Ady Pauzner

David Frankel

We study games with strategic complementarities, arbitrary numbers of players and actions, and slightly noisy payoff signals. We prove limit uniqueness: as the signal noise vanishes, the game has a unique strategy profile that survives iterative dominance. This generalizes a result of Carlsson and van Damme (1993) for two player, two action games. The surviving profile, however, may depend on fine details of the structure of the noise. We provide sufficient conditions on payoffs for there to be noise-independent selection.


The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee 2016 University of Southern Mississippi

The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee

Dissertations

This study measures the impact that electrical outages have on manufacturing production in 135 less developed countries using stochastic frontier analysis and data from World Bank’s Investment Climate surveys. Outages of electricity, for firms with and without backup power sources, are the most frequently cited constraint on manufacturing growth in these surveys.

Outages are shown to reduce output below the production frontier by almost five percent in Africa and by a lower percentage in South Asia, Southeast Asia and the Middle East and North Africa. Production response to outages is quadratic in form. Outages also increase labor cost, reduce ...


Natural Disasters In Latin America: The Role Of Disaster Type And Productive Sector On The Urban-Rural Income Gap And Rural To Urban Migration, Madeline Alice Messick 2016 University of Southern Mississippi

Natural Disasters In Latin America: The Role Of Disaster Type And Productive Sector On The Urban-Rural Income Gap And Rural To Urban Migration, Madeline Alice Messick

Dissertations

This research provides insight into the impact of natural disasters as drivers of rural to urban migration in Latin America and the Caribbean (LAC). Disasters of varying types are predicted to have differing impacts on the productive sectors of agriculture, industry, and services; which due to the concentration of the various productive sectors in either urban or rural areas, subsequently changes the urban-rural wage differential. Changes to the wage differential (as measured by the urban-rural income gap) are predicted to lead to movement between urban and rural areas until a new equilibrium wage is reached.

This dissertation first identifies a ...


The Dynamics Of The Local And The Global: Implications For Marketing And Development, A. Fuat Fırat 2016 University of Texas - Rio Grande Valley

The Dynamics Of The Local And The Global: Implications For Marketing And Development, A. Fuat Fırat

Markets, Globalization & Development Review

Globalization’s contemporary omnipresence has resulted in an emphasis on the conflicts between the local and the global. This emphasis has blurred our ability to have insights that may be gained by recognizing that the local and the global are interdependent and cannot exist without each other. This paper explores the initial insights from such recognition regarding local identities, cultural development, and modern marketing’s shortcomings in aiding development. Preliminary conclusions as to how a new conceptualization of marketing can be instrumental in enrichment of meaningful and substantive human lives through constructing redefinitions of development and marketing based on these ...


Why Regional Integration Succeeds Or Fails In Africa, Martin Namasaka 2016 London School of Economics and Political Science

Why Regional Integration Succeeds Or Fails In Africa, Martin Namasaka

International Journal of African Development

The question of why some regional integrations succeed and others fail remains unresolved. This paper goes beyond proximate factors advocated by most studies. It examines the importance of initial conditions and argues that structural change in the fundamental sectors of the economy must have taken place in all, or at least a few, countries seeking closer ties. A comparative case study analysis of the East African Community (EAC) and the Southern African Development Community (SADC), guided by the political settlements theoretical framework, confirms the hypothesis: Structural transformation stimulates the kind of conditions required to create incentives for countries to demand ...


International Journal Of African Development, Vol. 3, Issue 2, 2016 Western Michigan University

International Journal Of African Development, Vol. 3, Issue 2

International Journal of African Development

Complete issue of International Journal of African Development, Volume 3, Issue 2 - Spring 2016.


Earnings Mobility In Times Of Growth And Decline: Argentina From 1996 To 2003, Gary S. Fields, María Laura Sánchez Puerta 2016 Cornell University

Earnings Mobility In Times Of Growth And Decline: Argentina From 1996 To 2003, Gary S. Fields, María Laura Sánchez Puerta

Gary S Fields

In recent years, the economy of Argentina has experienced both rapid economic growth and severe economic decline. In this paper, we use a series of one-year long panels to study who gained the most in pesos when the economy grew and who lost the most in pesos when the economy contracted. Various considerations led us to expect that mobility would be divergent—that is, that the individuals who started with the highest initial earnings would enjoy the largest earnings gains in pesos. Contrary to expectations and for a wide range of specifications, mobility is found to be mostly convergent, sometimes ...


Is China Building Africa?, Zhengli Huang, Xiangming Chen 2016 Trinity College

Is China Building Africa?, Zhengli Huang, Xiangming Chen

Faculty Scholarship

In this article, the authors address the question “Is China Building Africa?” by examining the true nature of China’s infrastructure development projects in Africa, and how the different players involved interact with each other.


Finance And Export Survival: The Case Of Mena Region And Sub-Saharan Africa, Melise Jaud, Madina Kukenova, Martin Strieborny 2016 World Bank

Finance And Export Survival: The Case Of Mena Region And Sub-Saharan Africa, Melise Jaud, Madina Kukenova, Martin Strieborny

Martin Strieborny

The paper looks at unique firm-product data collected by custom authorities in four countries from the Middle East and North Africa (MENA) - Jordan, Kuwait, Morocco, Yemen as well as in six countries of Sub-Saharan Africa (SSA) - Ghana, Mali, Malawi, Senegal, Tanzania, Uganda. We use these data to examine to impact of financial development on the long-term success of exports from developing countries. We find that those agricultural exports that face particularly costly implementation of Sanitary and Phytosanitary Standards (SPS) are also the ones that disproportionately benefit from a higher level of domestic financial development. This result confirms the previous findings ...


Trump's Iphone Represents A Problem For Him, Gregory J. Brock 2016 Georgia Southern University

Trump's Iphone Represents A Problem For Him, Gregory J. Brock

Gregory J. Brock

No abstract provided.


Composición De Las Remesas Familiares A México, 1995-2016, Rodrigo Garcia-Verdu 2016 International Monetary Fund

Composición De Las Remesas Familiares A México, 1995-2016, Rodrigo Garcia-Verdu

Rodrigo Garcia-Verdu

Composición de las remesas familiares a México, 1995-2016
Fuente: cálculos propios con base en datos del Banco de México


The Importance Of Funding Channels For Microfinance Performance, Roman Fedorak 2016 University of Washington Tacoma

The Importance Of Funding Channels For Microfinance Performance, Roman Fedorak

Global Honors Theses

This paper studies the importance of microfinance funding channels by analyzing how for-profit and non-profit microfinance institutions’ performances differ in practice. Generally all MFIs seek financial sustainability in order to avoid reliance on external funding and increase efficiency. However, for-profit MFIs tend to rely more heavily on standard economic assumptions established by the neoclassical economics model, shifting the priority away from the social and economic development process among poor communities to the final product of loan repayment enjoyed by such institutions. By contrast, non-profit MFIs attracting donors contributions tend to focus more closely on shifts in social dynamics within communities ...


Ttip And Agricultural Trade: The Case Of Tariff Elimination And Pesticide Policy Cooperation, Bo Xiong, John C. Beghin 2016 Zhejiang University

Ttip And Agricultural Trade: The Case Of Tariff Elimination And Pesticide Policy Cooperation, Bo Xiong, John C. Beghin

CARD Working Papers

A possible Trans-Atlantic Trade and Investment Partnership (TTIP) agreement will further integrate agricultural markets between the United States and the European Union. The elimination of tariffs and cooperation on sanitary and phytosanitary measures will promote cross-Atlantic trade. We empirically estimate the impacts of tariffs and Maximum Residue Limits (MRLs) on trade in plant products between the two partners. Furthermore, we simulate trade expansions under plausible negotiation outcomes. We find that a TTIP agreement promotes cross-Atlantic trade in plant products, in both directions, by over 60% if tariffs are removed and MRLs are mutually recognized or harmonized to Codex levels.


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