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Articles 1 - 30 of 146
Full-Text Articles in International Economics
Debt Dilution And Sovereign Default Risk, Juan Carlos Hatchondo, Leonardo Martinez, Cesar Sosa Padilla
Debt Dilution And Sovereign Default Risk, Juan Carlos Hatchondo, Leonardo Martinez, Cesar Sosa Padilla
Leonardo Martinez
No abstract provided.
Fiscal Rules And The Sovereign Default Premium, Juan Carlos Hatchondo, Leonardo Martinez, Francisco Roch
Fiscal Rules And The Sovereign Default Premium, Juan Carlos Hatchondo, Leonardo Martinez, Francisco Roch
Leonardo Martinez
No abstract provided.
The Effect Of The U.S. Biofuels Mandate On Poverty In India, Ujjayant N. Chakravorty, Marie-Helene Hubert, Beyza Ural Marchand
The Effect Of The U.S. Biofuels Mandate On Poverty In India, Ujjayant N. Chakravorty, Marie-Helene Hubert, Beyza Ural Marchand
Ujjayant Chakravorty
More than 40% of US grain is now used for energy and this share is expected to rise under the current Renewable Fuels Mandate (RFS). There are no studies of the global distributional consequences of this purely domestic policy. Using micro-level survey data, we trace the effect of the RFS on world food prices and their impact on household level consumption and wage impacts in India. We first develop a partial equilibrium model to estimate the effect of the RFS on the price of selected food commodities - rice, wheat, corn, sugar and meat and dairy, which together provide almost …
Notes On The Seminar On African Economic Outlook 2015, Held On The 8th Of October 2015 At The House Of The Estates Of Finland, J. G. A. Saviranta
Notes On The Seminar On African Economic Outlook 2015, Held On The 8th Of October 2015 At The House Of The Estates Of Finland, J. G. A. Saviranta
Akseli Saviranta
The following document presents summarised key notes from the United Nations University – World Institute for Development Economics Research (UNU-WIDER) seminar titled “African Economic Outlook 2015 – Unlocking the potential of local economies for inclusive growth”. The seminar presented the 2015 report titled “African Economic Outlook 2015 – Regional Development and Spatial Inclusion”, produced by the African Development Bank, the OECD Development Centre, and the United Nations Development Programme. The African Development Bank, UNU-WIDER, and the Ministry of Foreign Affairs of Finland were the co-organisers of the Seminar.
Globalization And Inequality An International Comparison Between Sweden And The Us, Sergio A. Berumen
Globalization And Inequality An International Comparison Between Sweden And The Us, Sergio A. Berumen
Sergio A. Berumen
In this paper we first review the concepts of Globalization and Inequality, paying special attention to the conclusions reached previously by other economists. Later on, we carry on with an international comparison between Sweden and the United States for the period 1913-2012. We depict the evolution in inequality levels for both countries, based in two main indicators: the Gini Index and the top 1% income share. Our findings point out that inequality has strongly risen in the United States whilst Sweden’s level of inequality is not far from the one presented immediately after the World War II. These results may …
The Political Economy Of Special Economic Zones, Lotta Moberg
The Political Economy Of Special Economic Zones, Lotta Moberg
Lotta Moberg
Special economic zones (SEZs) are a wide-spread and increasingly popular tool for economic growth. Big or small, secluded or isolated, they are areas where a government allows for different rules to apply than the rest of the country. Most commonly, this means granting fiscal privileges to investors in the zones. Exemptions from taxes, tariffs, and sometimes regulations mean that SEZs form islands of economic liberalization in a country. A common attitude to zones is therefore that while broader liberalization is preferred, SEZs always benefit a country as long as they bring about this marginal improvement. The skeptical view of SEZs …
The Time Cost Of Documents To Trade, Mohammad Amin, Asif Islam
The Time Cost Of Documents To Trade, Mohammad Amin, Asif Islam
Mohammad Amin
The paper shows that the number of documents required to export and import tend to increase the time cost of shipments. However, this relationship is far from simplistic, varying sharply in magnitude depending on the income level and the size of the country. Specifically, the increase in the time cost of increased documentation is much larger for countries that are relatively poor and large in size. One interpretation of this finding is that the relatively rich countries that have more resources and the relatively small countries that rely more on trade invest more in building efficient documentation systems. Hence, increased …
Roads And Resources: Groundwater Depletion In Lankao Country In The North China Plains, Ujjayant N. Chakravorty, Xiangzheng Deng, Yazhen Gong, Martino Pelli, Zhang Qian
Roads And Resources: Groundwater Depletion In Lankao Country In The North China Plains, Ujjayant N. Chakravorty, Xiangzheng Deng, Yazhen Gong, Martino Pelli, Zhang Qian
Ujjayant Chakravorty
China produces most of its food grains in the North China Plains. However, there is evidence that groundwater aquifers in this region are being overexploited. We use a unique GIS-referenced dataset of the depth of the water table for all the 12,000 odd tube wells in Lankao county. We find that the construction of new highways has led to a depletion of the water table in wells close to the highways. This relationship is robust to a variety of controls, including distance to river and primary canals, village and township fixed effects, the date of drilling of the well and …
Notes On The Policy Seminar On Inequality And Development, Held On The 26th Of September 2014 At The Ministry Of Foreign Affairs Of Finland, J. G. A. Saviranta
Notes On The Policy Seminar On Inequality And Development, Held On The 26th Of September 2014 At The Ministry Of Foreign Affairs Of Finland, J. G. A. Saviranta
Akseli Saviranta
The following document presents summarised key notes from the United Nations University – World Institute for Development Economics Research (UNU-WIDER) policy seminar titled “Inequality and Development – Trends and Policies”. This policy seminar represented a follow-up to a prior two-day conference organised earlier in the same month by the same institute, in which the author has participated as well.
Curriculum Vitae, Ronald R. Kumar
Evaluating Aid For Trade: A Survey Of Recent Studies, Olivier Cadot, Ana Fernandes, Julien Gourdon, Aaditya Mattoo, Jaime De Melo
Evaluating Aid For Trade: A Survey Of Recent Studies, Olivier Cadot, Ana Fernandes, Julien Gourdon, Aaditya Mattoo, Jaime De Melo
Julien Gourdon
No abstract provided.
The Dangers Of Diversity: Ethnic Fractionalization And The Rule Of Law, Michael Touchton
The Dangers Of Diversity: Ethnic Fractionalization And The Rule Of Law, Michael Touchton
Michael Touchton
Research linking ethnic cleavages to economic underdevelopment is a hallmark of recent efforts to explain economic growth. Similarly, the rule of law as a credible commitment to property rights and contract enforcement is also identified with economic development. Rather than treating these factors as rival explanations for economic development around the world, I propose the rule of law as the causal mechanism through which ethnic fractionalization (EF) influences growth in many countries. I argue ethnic diversity negatively impacts the rule of law due to the prevalence of ethnically-based patronage networks in developing countries. Public officials, I argue, face greater incentives …
'The Determinants Of Outward Processing Exports In The European Union' , Brighton: Ids, Dirk Willenbockel, Dimitra Petropoulou
'The Determinants Of Outward Processing Exports In The European Union' , Brighton: Ids, Dirk Willenbockel, Dimitra Petropoulou
Dr Xavier Cirera
This paper analyses the determinants of outward processing (OP) trade; specifically, imports of intermediates subsequent to processing abroad. A model where firms choose between OP and importing intermediates directly from a third country (generic offshoring, GO) predicts higher tariffs, lower monitoring costs and higher quality make OP more likely, while better institutions and rule of law abroad lower contractual breakdown risk under GO making OP less likely. Analysis of EU trade data from 2002 to 2008 emphasizes proximity, quality differentiation and weaker rule of law as OP determinants. Results suggest relationship-specific investments and monitoring under OP may offset contractual uncertainty.
Environmental Innovations, Internationalisation And Local Factors, Massimiliano Mazzanti, Giulio Cainelli, Sandro Montresor
Environmental Innovations, Internationalisation And Local Factors, Massimiliano Mazzanti, Giulio Cainelli, Sandro Montresor
Massimiliano Mazzanti
No abstract provided.
Are Environmental Innovations Embedded Within Organizational Change?, Massimiliano Mazzanti, Davide Antonioli, Susanna Mancinelli
Are Environmental Innovations Embedded Within Organizational Change?, Massimiliano Mazzanti, Davide Antonioli, Susanna Mancinelli
Massimiliano Mazzanti
No abstract provided.
Waste Dynamics, Country Heterogeneity And The European Environmental Policy Effectiveness, Massimiliano Mazzanti
Waste Dynamics, Country Heterogeneity And The European Environmental Policy Effectiveness, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.
Paths To Success: Benchmarking Cross-Country Sustainable Tourism, Lucian Cernat, Julien Gourdon
Paths To Success: Benchmarking Cross-Country Sustainable Tourism, Lucian Cernat, Julien Gourdon
Julien Gourdon
Given the complexity of the issues surrounding the concept of sustainable tourism, the current paper tries to provide a unified methodology to assess tourism sustainability, based on a number of quantitative indicators. The proposed methodological framework (Sustainable Tourism Benchmarking Tool – STBT) will provide a number of benchmarks against which the sustainability of tourism activities in various countries can be assessed. A model development procedure is proposed: identification of the dimensions (economic, socio-ecologic, infrastructure) and indicators, method of scaling, chart representation and evaluation on three Asian countries. This application to three countries shows us that a similar level of tourism …
Regional Integration And Natural Resources: Who Benefits? Evidence From Mena, Céline Carrère, Julien Gourdon, Marcelo Olarreaga
Regional Integration And Natural Resources: Who Benefits? Evidence From Mena, Céline Carrère, Julien Gourdon, Marcelo Olarreaga
Julien Gourdon
This paper is built on Venables (2011) theoretical predictions which show that gains from regional integration are unevenly distributed between resource rich and poor countries. We explore the effects of different integration schemes in Middle East and North Africa. Results suggest that within Pan Arab Free Trade Agreement (PAFTA), there is significant trade creation for resource poor countries associated with regional integration, and no evidence of trade diversion. In resource rich countries, however, there is evidence of pure trade diversion in both resource-rich/labor-abundant countries and resource-rich/labor-importing countries. This underscores the idea that regional integration can help to spread benefits of …
Globalization And Innovation In Advanced Economies, Claudio Fassio, Cristiano Antonelli
Globalization And Innovation In Advanced Economies, Claudio Fassio, Cristiano Antonelli
Claudio Fassio
This chapter analyzes the effects that the international integration of product markets induced by globalization exerts on the direction of technological change at the industry level.
The Economics Of The Light Economy.Globalization, Skill-Biased Technological Change And Slow Growth, Claudio Fassio, Cristiano Antonelli
The Economics Of The Light Economy.Globalization, Skill-Biased Technological Change And Slow Growth, Claudio Fassio, Cristiano Antonelli
Claudio Fassio
The paper provides an interpretative framework and structured empirical evidence of the processes leading to the emergence of a light and slow growth economy in advanced countries. The interpretative framework rests upon the grafting of a) the Schumpeterian hypothesis about the determinants of the rate of technological change with b) the Kuznets approach on the strict complementarity of structural and technological change, and c) the new approach about the direction of technological change biased towards the most intensive use of locally abundant production factors, into d) the dynamic version of the Heckesher-Ohlin analysis of international economics that accounts the introduction …
Bank Credit And Economic Growth: A Dynamic Panel Analysis, Nuno Carlos Leitão
Bank Credit And Economic Growth: A Dynamic Panel Analysis, Nuno Carlos Leitão
Nuno Carlos Leitão
This study examines the link between bank lending and economic growth for European Union (EU-27) for the period 1990 to 2010. We apply a dynamic panel data (GMM-system estimator). This estimator permits to solve the problems of serial correlation, heteroskedasticity and endogeneity for some explanatory variables. As the results show, savings promotes growth. The inflation and bank credit have a negative impact on economic growth as previous studies.
“El Desarrollo Municipal En Tamaulipas Y Su Relación Con La Competitividad, 1990-2010”, Ramiro Esqueda-Walle
“El Desarrollo Municipal En Tamaulipas Y Su Relación Con La Competitividad, 1990-2010”, Ramiro Esqueda-Walle
Ramiro Esqueda-Walle
*Se proporciona texto completo mediante solicitud.resquedaw@uat.edu.mx
*Full text upon request.resquedaw@uat.edu.mx
Smart Stimulus Amid Deepening Debt: Future-Flow Tax Credit Programs, William Werkmeister
Smart Stimulus Amid Deepening Debt: Future-Flow Tax Credit Programs, William Werkmeister
William Werkmeister
No abstract provided.
The Dynamics Of Economic And Environmental Efficiency, Massimiliano Mazzanti, Valeria Costantini
The Dynamics Of Economic And Environmental Efficiency, Massimiliano Mazzanti, Valeria Costantini
Massimiliano Mazzanti
http://www.springer.com/economics/environmental/book/978-94-007-5088-3
Aggregation Biases In Environmental Extended Input Output: Evidence From Italy And Spain, Massimiliano Mazzanti
Aggregation Biases In Environmental Extended Input Output: Evidence From Italy And Spain, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.
On The Green Side Of Trade Competitiveness, Massimiliano Mazzanti
On The Green Side Of Trade Competitiveness, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.
Mexico: Illicit Financial Flows, Macroeconomic Imbalances, And The Underground Economy, Dev Kar
Mexico: Illicit Financial Flows, Macroeconomic Imbalances, And The Underground Economy, Dev Kar
Dev Kar
The study traces the evolution of illicit financial flows from Mexico over the 41-year period 1970-2010. While such outflows have increased throughout the four decades, the pace picked up in the post- compared with the pre-NAFTA period. Furthermore, in spite of the somewhat erratic nature of the outflows over time, there is a discernable pattern to these outflows in the years leading up to the macroeconomic crises and their aftermath. We develop a dynamic simulation model that examines the interactions between fiscal developments, monetary expansion, and the generation of inflation on the one hand and on the interactions between the …
Le Rôle Des Foires Et Salons Dans Le Développement Commercial Et Économique D’Un Pays, Madow Yves Nagou Dr
Le Rôle Des Foires Et Salons Dans Le Développement Commercial Et Économique D’Un Pays, Madow Yves Nagou Dr
Dr NAGOU Madow Yves
Salons et foires sont des lieux de communications et d'échanges. L'article expose les différents enjeux de l'organisation des foires dans les pays en quête de savoir-faire en organisation commerciale et de technologies adaptées à la promotion du leur économie.
Multinational Companies And Investments In Sudan: Case Study Of Oil Exploration And Extraction, Professor Issam A.W. Mohamed
Multinational Companies And Investments In Sudan: Case Study Of Oil Exploration And Extraction, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The purpose of this paper is to present the role of multinational companies in general then its role in Sudan with particular emphasis on oil exploration and extraction. Chinese companies of multinationalities currently control the newly born oil industry in the country. Needless to say that the dire needs of the government because of its international isolation and sanctions compelled it to be subjected to bellow standards conditions in all economic and environmental aspects. The government accepted the conditions for the past twelve years. However, the secession of Southern Sudan into new country gives better re-negotiations opportunity to the newly …
African Economic Blocs And Trade: Case Study Of Comesa And Sudan, Issam A.W. Mohamed Professor
African Economic Blocs And Trade: Case Study Of Comesa And Sudan, Issam A.W. Mohamed Professor
Professor Issam A.W. Mohamed
Comprehensively, Economic Trade Partnerships and Blocs are important to a member country. However, with the continuing global financial distresses it is useful to evaluate them to maximize possible benefit. The question of joining, continue membership with the Comesa is vital to the Sudanese economy that presently stands in a very decisive time. The Common Market for Eastern and Southern Africa is a free trade area with nineteen member states stretching from Libya to Zimbabwe. COMESA formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in …