Showing 1 - 10 of 33
We examine the extent to which developing countries that do little, if any research and development themselves benefit from R&D that is performed in the industrial countries. By trading with an industrial country that has large 'stocks of knowledge' from its cumulative R&D activities, a...
Persistent link: https://www.econbiz.de/10012473841
is argued that significant benefits spill over to other countries in the world. The argument is supported by quantitative …
Persistent link: https://www.econbiz.de/10012472713
long-run rate of growth of the world economy, and the long-run rate of technological diffusion. We also provide an analysis …
Persistent link: https://www.econbiz.de/10012476141
This paper develops a new framework for examining the distributional consequences of trade liberalization that is consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation within and between industries. While the opening of...
Persistent link: https://www.econbiz.de/10012464169
Globalization has been blamed for rising inequality in rich and poor countries. Yet the views of many protagonists in … empirical literature on the relationship between globalization and wage inequality. While the initial analysis that started in … cumulative effect has been modest, and that globalization does not explain the preponderance of the rise in wage inequality …
Persistent link: https://www.econbiz.de/10012455736
We review the literature on resolving bank and corporate sector crises to identify government policies that affect the depth of a crisis and the ease and sustainability of recovery, and to analyze their fiscal cost. A consistent framework - including sufficient resources for loss-absorption and...
Persistent link: https://www.econbiz.de/10012470334
First I describe a number of political economy approaches that have been developed to explain trade policies. All approaches are presented in a unified framework that helps to see the key differences among them. These comparisons revolve around tariff formulas that are predicted by political...
Persistent link: https://www.econbiz.de/10012473561
Whether governments clash in trade disputes or negotiate over trade agreements, their actions in the international arena reflect political conditions back home. Previous studies of cooperative and noncooperative trade relations have focused on governments that are immune from political pressures...
Persistent link: https://www.econbiz.de/10012474682
We develop a model in which special interest groups make political contributions in order to influence an incumbent government's choice of trade policy. In the political equilibrium. the interest groups bid for protection, and each group's offer is optimal given the offers of the others. The...
Persistent link: https://www.econbiz.de/10012474821
We develop a novel model of campaigns, elections, and policymaking in which the ex ante objectives of national party leaders differ from the ex post objectives of elected legislators. This generates a distinction between "policy rhetoric" and "policy reality" and introduces an important role for...
Persistent link: https://www.econbiz.de/10012467673