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The objective of the paper is to explore and give an overview of two central policy alternatives to improve the integration between the European Union and developing countries by removing barriers to trade: trade preferences and trade facilitation. After reviewing the relevant literatures and...
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Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …
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in an ideal world in which all faced the same barriers to international transactions. On the other hand, by focusing on …
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We propose a normative assessment of the value of international trade that is rooted in production theory and embeds Ricardo's 1817 formulation of the gains from trade into a multi-factor general equilibrium framework. Without imposing strong assumptions on consumer rationality or data from the...
Persistent link: https://www.econbiz.de/10010283601
This paper adapts the modern workhorse model of quantitative trade theory (Eaton and Kortum, 2002) as a measurement tool to quantify the magnitudes of Switzerland's gains from trade. I find that the importance of single trading partners for Switzerland's welfare is surprisingly small. The reason...
Persistent link: https://www.econbiz.de/10010316937
We use Belgian data with information on domestic firm-to-firm sales and foreign trade transactions to study how international trade affects firm efficiency and real wages. The data allow us to accurately construct the domestic production network of the Belgian economy, revealing several new...
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deterioration grow even larger. The instabilities of the contemporary world pose serious risks to the achievement of the … emerging challenges such as climate change, and to overall global stability, a pattern not seen since the Second World War. In …
Persistent link: https://www.econbiz.de/10012490873