We reconsider technology transfer à la Kojima–Ozawa originating from a developed (North) country’s comparatively disadvantaged industry and going to developing (South) country’s comparatively advantaged industry. We study the effects of free technology transfer, technology transfer via...

The correlation between a government’s expenditure and revenue has attracted a lot of interest thanks to its policy relevance. This paper delves into the fiscal adjustment process through the expenditure and the revenue of Sri Lanka in the post-reform era from 1979 to 2009. The Augmented...

This paper uses a partial equilibrium model of two small countries, within a large world economy, implementing reciprocal tariff cuts on each other’s exports in a regional trade agreement (RTA) and compares the effects with unilateral most favoured nation (MFN) tariff cuts. The reciprocal...

Sales tax was the most important state tax in India, contributing a significant proportion of their receipts. However, the tax itself had many drawbacks, that is, double taxation, multiplicity of rates, tax competition, etc., as a result of which its reform was considered a necessity. After much...

The Special Safeguard Mechanism (SSM) is intended to provide contingent protection to poor farmers in developing countries from negative shocks to import prices or from surges in imports. The effects of stochastic import prices and volumes are analysed in a partial equilibrium framework to...

In this paper, we consider the potential impact of market power on the likely effects of trade reform and how this may impact on developing country exporters. The emphasis is on trade reform in agricultural markets, one of the principal features of the Doha Round negotiations, and we discuss the...

Though a logically tight case for infant industry protection has never been made, proprotection authors have claimed its truth since at least its statement by Alexander Hamilton in 1791. In the 1970s and the 1980s, the argument had receded into the background following its influential critiques...

This paper considers the key policy issues related to liberalisation of trade in financial services that the International Monetary Fund (IMF) should be concerned with, and the role the IMF has played in advising on policies related to trade in financial services in its bilateral and...