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We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining theory-consistent and narrative sign restrictions in Bayesian SVARs. We find mostly adverse consequences of protectionism, in aggregate and across sectors and regions. Tariff...
Persistent link: https://www.econbiz.de/10015058747
Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. OVERVIEW OF THE LITERATURE -- IV. SIMULATION OF THE FISCAL REVENUE IMPACT OF TARIFF LIBERALIZATION -- V. SUMMARY AND POLICY RECOMMENDATIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691190
-2002 Survey of Manufacturers database in Colombia to analyze this question. We estimate the effect of the R&D tax deduction … instituted in Colombia using Zellner's Seemingly Unrelated Regressions method, and find that the elasticity of demand of R …&D investment in manufacturing is quite high in Colombia compared to other countries, particularly for smalle …
Persistent link: https://www.econbiz.de/10012677634
This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and exchange rate … the appreciation of Colombia's currency, or increased the degree of independence of monetary policy. We also find that …
Persistent link: https://www.econbiz.de/10012677725
of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement … security system in Colombia is roughly 160 percent of GDP for pensions and about 97 percent of GDP for the health system …
Persistent link: https://www.econbiz.de/10012677742
Intro -- Contents -- I. INTRODUCTION -- II. METHODOLOGY -- III. SUMMARY RESULTS FOR LATIN AMERICA -- IV. COUNTRY-BY-COUNTRY RESULTS -- V. CONCLUSIONS -- APPENDIX: DATA SOURCES AND DEFINITIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691198
We use the US-China tariffs of 2018-19 as an exogenous shock to export opportunities in Vietnam to identify how trade policy affects job creation. Using a difference-in-differences framework, we first show that US tariffs on China increased the range of products exported by Vietnam to the US in...
Persistent link: https://www.econbiz.de/10015328190
Curbing carbon emissions to meet the targets set in the Paris Agreement requires the deployment of low carbon technologies (LCTs) at a global scale. This paper assesses the role of climate and trade policies in fostering LCT diffusion through trade. Leveraging a comprehensive database of climate...
Persistent link: https://www.econbiz.de/10015058542
Economic theory suggests that countries' tariff commitments in trade agreements reflect their import market power at the time of negotiations. However, as countries grow, their market power in different sectors can change in unforeseen ways and their commitments may no longer reflect changed...
Persistent link: https://www.econbiz.de/10015060015
Industrial policies pursued in many developing countries in the 1950s-1970s largely failed while the industrial policies of the Asian Miracles succeeded. We argue that a key factor of success is industrial policy with export orientation in contrast to import substitution. Exporting encouraged...
Persistent link: https://www.econbiz.de/10015058581