International Trade, Distortions and Long-Run Economic Growth

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451851332
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis International Trade, Distortions and Long-Run Economic Growth by : Jong-Wha Lee

Download or read book International Trade, Distortions and Long-Run Economic Growth written by Jong-Wha Lee and published by International Monetary Fund. This book was released on 1992-11-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The links between trade and growth are examined in a neoclassical model of an open economy in which domestic production requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as tariffs and exchange controls generate cross-country divergences in growth rates and in per capita income over a long transitional period. The empirical results confirm that tariff rates and black market premia, interacting with an estimate of the share of free trade imports, have significant negative effects on the growth rate of per capita income across countries in the orders of magnitude predicted by the model.

Long-Run Economic Growth

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3642612113
Total Pages : 204 pages
Book Rating : 4.6/5 (426 download)

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Book Synopsis Long-Run Economic Growth by : Steven Durlauf

Download or read book Long-Run Economic Growth written by Steven Durlauf and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.

The Global Trade Slowdown

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Publisher : International Monetary Fund
ISBN 13 : 1498399134
Total Pages : 44 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Global Trade Slowdown by : Cristina Constantinescu

Download or read book The Global Trade Slowdown written by Cristina Constantinescu and published by International Monetary Fund. This book was released on 2015-01-21 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.

The Dynamic Effects of Trade Liberalization

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Author :
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Dynamic Effects of Trade Liberalization by : Joseph F. Francois

Download or read book The Dynamic Effects of Trade Liberalization written by Joseph F. Francois and published by . This book was released on 1993 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Pure Theory of International Trade and Distortions (Routledge Revivals)

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Publisher : Routledge
ISBN 13 : 1317241711
Total Pages : 221 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis The Pure Theory of International Trade and Distortions (Routledge Revivals) by : Bharat Hazari

Download or read book The Pure Theory of International Trade and Distortions (Routledge Revivals) written by Bharat Hazari and published by Routledge. This book was released on 2016-02-05 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1978. This book provides a simple, systematic, yet rigorous treatment of the key aspects of the pure theory of international trade and distortions. The opening chapter presents the standard two-factor, two-commodity barter model of international trade and a comprehensive treatment of the important properties and relationships. The rest of the book consists of four sections: parts One and Two are devoted to an analysis of factor market imperfections, and Parts Three and Four consider the trade-theoretical consequences of product market imperfections. A concluding chapter presents some generalised theorems. This book would be of interest to students of economics.

International Trade and Economic Growth

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Author :
Publisher :
ISBN 13 : 9786610912872
Total Pages : 305 pages
Book Rating : 4.9/5 (128 download)

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Book Synopsis International Trade and Economic Growth by : Hendrik Van den Berg

Download or read book International Trade and Economic Growth written by Hendrik Van den Berg and published by . This book was released on 2007 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike any other text on international trade, this groundbreaking book focuses on the dynamic long-run relationship between trade and economic growth rather than the static short-run relationship between trade and economic efficiency.

Nontariff Distortions of International Trade

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Author :
Publisher : Washington : Brookings Institution
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Nontariff Distortions of International Trade by : Robert E. Baldwin

Download or read book Nontariff Distortions of International Trade written by Robert E. Baldwin and published by Washington : Brookings Institution. This book was released on 1970 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The auther suggests ways to mitigate the effects of import quotas, export subsidies, governmental procurement policies, border taxes, domestic production subsidies, customs evaluation procedures, antidumping codes, and various ...

Changing Patterns of Global Trade

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Publisher : International Monetary Fund
ISBN 13 : 1463973101
Total Pages : 87 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Changing Patterns of Global Trade by : Nagwa Riad

Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

NBER Macroeconomics Annual 2000

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Publisher : Mit Press
ISBN 13 : 9780262025034
Total Pages : 418 pages
Book Rating : 4.0/5 (25 download)

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Book Synopsis NBER Macroeconomics Annual 2000 by : Ben Bernanke

Download or read book NBER Macroeconomics Annual 2000 written by Ben Bernanke and published by Mit Press. This book was released on 2001-02-19 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.

Exports, Inflation, and Growth

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Publisher : International Monetary Fund
ISBN 13 : 1451854137
Total Pages : 40 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Exports, Inflation, and Growth by : Thorvaldur Gylfason

Download or read book Exports, Inflation, and Growth written by Thorvaldur Gylfason and published by International Monetary Fund. This book was released on 1997-09-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies some of the main determinants of exports and economic growth in cross-sectional data from the World Bank, covering 160 countries in the period 1985-1994. First, the linkages between the propensity to export and population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the relationship between economic growth and some of the above-mentioned determinants of exports and investment are scrutinized the same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources tended to be associated with low exports and slow growth.

The Collapse of Global Trade, Murky Protectionism, and the Crisis

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Publisher :
ISBN 13 : 9781907142239
Total Pages : 112 pages
Book Rating : 4.1/5 (422 download)

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Book Synopsis The Collapse of Global Trade, Murky Protectionism, and the Crisis by : Richard E. Baldwin

Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Globalization, Growth and Sustainability

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Publisher : Springer Science & Business Media
ISBN 13 : 1461562031
Total Pages : 333 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Globalization, Growth and Sustainability by : Satya Dev Gupta

Download or read book Globalization, Growth and Sustainability written by Satya Dev Gupta and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, Growth and Sustainability focuses on the implications of both regional and global trade liberalization and complementary macroeconomics policy reforms on growth, equity, and sustainability. The volume is organized into three sections: Part One addresses the issue of economic growth with a special reference to less developed economies; Part Two examines the pros and cons of the regional economic integration movement for the countries either participating in, or outside of, the regional groups; Part Three focuses on the issues of equity and sustainability. Globalization, Growth and Sustainability will provide valuable insights and important background analysis for scholars working in the field of globalization, as well as senior undergraduate and graduate students in a variety of curricula, including economics, development studies, and international studies.

Trade and Growth in the Presence of Distortions

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451860313
Total Pages : 32 pages
Book Rating : 4.8/5 (63 download)

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Book Synopsis Trade and Growth in the Presence of Distortions by : Mr.James H Cassing

Download or read book Trade and Growth in the Presence of Distortions written by Mr.James H Cassing and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-01-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tariffs and other policy distortions typically lower real national income relative to what it otherwise would have been for any given rate of factor accumulation. Even while lowering real income, however, policy distortions may raise an economy's real measured growth rate and so, somewhat deceivingly, give the impression that national welfare has benefited from things like tariff protection. This would be an incorrect conclusion. This paper discusses the issue of how protection can affect the rate of growth for a small, open economy. As shown by Johnson (1970), in the presence of exogenously given factor accumulation, tariffs either raise or lower an economy's growth rate (measured by the change in the value of output at world prices), relative to the no-distortion growth rate. We also discuss the relevance of this result for tariff uniformity, "tariff jumping" foreign direct investment, and the empirical literature on trade and growth. Finally we use a numerical simulation model of Egypt to assess whether the costs of its tax distortions have increased or declined over time.

Economic Growth and Convergence

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economic Growth and Convergence by : Robert J. Barro

Download or read book Economic Growth and Convergence written by Robert J. Barro and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Growth, Distortions, and Patterns of Trade Among Many Countries

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Publisher :
ISBN 13 : 9780317288322
Total Pages : 49 pages
Book Rating : 4.2/5 (883 download)

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Book Synopsis Growth, Distortions, and Patterns of Trade Among Many Countries by : Anne O. Krueger

Download or read book Growth, Distortions, and Patterns of Trade Among Many Countries written by Anne O. Krueger and published by . This book was released on 1977 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Growth in Open Economies

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4./5 ( download)

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Book Synopsis Growth in Open Economies by : Sergio Rebelo

Download or read book Growth in Open Economies written by Sergio Rebelo and published by World Bank Publications. This book was released on with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Commercial Policy

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Publisher : Elsevier
ISBN 13 : 0444633766
Total Pages : 558 pages
Book Rating : 4.4/5 (446 download)

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Book Synopsis Handbook of Commercial Policy by : Kyle Bagwell

Download or read book Handbook of Commercial Policy written by Kyle Bagwell and published by Elsevier. This book was released on 2016-11-02 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Commercial Policy explores three main topics that permeate the study of commercial policy. The first section presents a broad set of basic empirical facts regarding the pattern and evolution of commercial policy, with the second section investigating the crosscutting legal issues relating to the purpose and design of agreements. Finally, the third section covers key issues of commercial policy in the modern global economy. Every chapter in the book provides coverage from the perspectives of multilateral, and where appropriate, preferential trade agreements. While most other volumes are policy-oriented, this comprehensive guide explores the ways that intellectual thinking and rigor organize research, further making frontier-level synthesis and current theoretical and empirical research accessible to all. Covers the research areas that are critical for understanding how the world of commercial policy has changed, especially over the last 20 years Presents the way in which research on the topic have evolved Scrutinizes the economic modeling of bargaining and legal issues Useful for examining the theory and empirics of commercial policy