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Persistent link: https://www.econbiz.de/10014478865
Developing countries now account for a significant fraction of both world trade and two thirds of the membership of the World Trade Organization (WTO). However, many are still individually small and thus have a limited ability to bilaterally extract and enforce trade concessions from larger...
Persistent link: https://www.econbiz.de/10009320356
currently applied tariffs are "too high," the implication being that there are still tariff reductions out there for an … agreement like the WTO to facilitate. These three areas include applied tariffs for countries that are not members of the WTO …, applied tariffs for WTO members that are unbound, and applied tariffs for WTO members set in the presence of large amounts of …
Persistent link: https://www.econbiz.de/10011415258
lower international market power. Using the WTO tariff bindings and the applied tariffs of the WTO member countries, we find …
Persistent link: https://www.econbiz.de/10013110525
In this paper, we consider aid payments as a possible explanation for tariff overhangs. According to our hypothesis, rich countries may use development aid to pay for tariff concessions. Developing countries, in turn, may anticipate such a policy in the negotiations for tariff bindings. Setting...
Persistent link: https://www.econbiz.de/10011803724
effects of reducing tariffs and simultaneously replacing lost tariff revenues with revenues from consumption tax. It concludes …
Persistent link: https://www.econbiz.de/10012445857
of low- and middle-income countries. The study applies a linear optimization framework to data for bound tariffs, applied … tariffs, and imports at the HS-6 digit level for 58 developing countries, and simulates results for different sets of import …
Persistent link: https://www.econbiz.de/10012779291
The current consensus on indirect tax reform in developing countries favors a reduction in trade taxes with an increase in VAT to raise revenue. The theoretical results on selective reform that underlie this consensus are, however, derived from partial models that ignore the existence of an...
Persistent link: https://www.econbiz.de/10014032947
Backus, Kehoe and Kydland in their analysis of the dynamic effect of terms of trade on the trade balance found that the lead and lag correlation between these two variables is S-shaped for a set of OECD countries. Furthermore, they show that this S-curve can be replicated by a two-country...
Persistent link: https://www.econbiz.de/10014220753
Why are some currency crises followed by economic contractions while others are not? This paper is an attempt at answering this query. In particular, we investigate two closely related questions. First, we explore whether there is a difference in the output effects of a devaluation during...
Persistent link: https://www.econbiz.de/10014121786