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A simple model of the juggernaut effect of trade liberalisation

Baldwin, Richard E.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2008

This paper posits a formal political economy model where the principle of reciprocity in multilateral trade talks results in the gradual elimination of tariffs. Reciprocity trade talks turn each nation’s exporters into anti-protectionists at home; they lower foreign tariffs by convincing their...

Persistent link: https://www.econbiz.de/10010928767

Is Poland the next Spain?

Caselli, Francesco; Tenreyro, Silvana - London School of Economics (LSE) - 2005

Eastern Europe the employment share of agriculture is typically quite large, and agriculture is particularly unproductive …

Persistent link: https://www.econbiz.de/10010745276

Medicines in parallel trade in the European Union: a gravity specification

Costa-i-Font, Joan; Kanavos, Panos - London School of Economics (LSE) - 2007

While recent research has explored the phenomenon of drug parallel trade in regulated environments such as the European Union (EU), or the European Economic Area, little is known about the mechanisms that explain its origin or the role of the distribution chain in exporting and importing...

Persistent link: https://www.econbiz.de/10010745350

Was Germany ever united?: evidence from intra- and international trade 1885-1933

Wolf, Nikolaus - London School of Economics (LSE) - 2008

This paper asks whether Germany was ever an economically integrated area. I explore the geography of trade costs in a new data set of about 40,000 observations on regional trade flows within and across the borders of Germany over the period 1885 – 1933. There are three key results. First, the...

Persistent link: https://www.econbiz.de/10010745395

Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy

Srour, Gabriel - International Monetary Fund (IMF) - 2004

The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...

Persistent link: https://www.econbiz.de/10005825986

Foreign Ownership and Productivity: New Evidence from the Service Sector and the R&D Lab

Griffith, Rachel; Redding, Stephen; Simpson, Helen - London School of Economics (LSE) - 2004

This paper examines the relationship between foreign ownership and productivity, paying particular attention to two issues neglected in the existing literature – the role of multinationals in service sectors and the importance of R&D activity conducted by foreign multinationals. We review...

Persistent link: https://www.econbiz.de/10010745694

The UK productivity and jobs puzzle: does the answer lie in labour market flexibility?

Pessoa, João Paulo; Van Reenen, John - London School of Economics (LSE) - 2013

have occurred due to changes in factor prices: a large fall in real wages and increases in the cost of capital. In previous … recessions real wages did not fall, but reforms to union strength and welfare have made wages more sensitive to negative demand …

Persistent link: https://www.econbiz.de/10011126109

Winners and losers from a commodities-for-manufactures trade boom

Costa, Francisco; Garred, Jason; Pessoa, João Paulo - London School of Economics (LSE) - 2014

import competition experienced slower growth in manufacturing wages and in-migration rates between 2000 and 2010, and greater …

Persistent link: https://www.econbiz.de/10011126579

The impact of immigration on the local labor market outcomes of blue collar workers: panel data evidence

Ortega, Javier; Verdugo, Gregory - London School of Economics (LSE) - 2015

wages, employment, occupations and locations of blue-collar native workers. The natives in the sample are initially in … positively selected natives towards occupations with less routine tasks. While we find no negative impact on employment, there is … substantial evidence that immigration lowers the median annual wages of natives. The estimated negative effects are also much …

Persistent link: https://www.econbiz.de/10011185658

Institutions, Informality, and Wage Flexibility; Evidence From Brazil

Filho, Irineu E. Carvalho; Estevão, Marcello M. - International Monetary Fund (IMF) - 2012

institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and …

Persistent link: https://www.econbiz.de/10011242295