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How to best utilize the wide range of estimates of elasticities that characterize econometric literature when using calibrated models is the issue we address here through a blending of econometrics and calibration into calibmetrics. Econometrically generated literature based elasticity...
Persistent link: https://www.econbiz.de/10005828890
This paper presents a general equilibrium approach to calculating labour adjustment costs induced by trade policy changes or external sector shocks, which we illustrate by analyzing the adjustment consequences of eliminating quotas and tariffs on U.S. imports. In our approach, factor adjustments...
Persistent link: https://www.econbiz.de/10005829147
This paper seeks to contribute to discussion of the reasonableness of sometimes seemingly innocent assumptions used in theoretical trade models that the direction of trade is both predetermined for each good for each country and fixed. Here, we provide computational evidence as to the...
Persistent link: https://www.econbiz.de/10005829323
This paper both documents the involvement of developing countries in coalitional activity in the current GATT Uruguay round thus far, and provides a rudimenting evaluation of the pros and cons of the different options for them as far as coalitional strategies are concerned. The main conclusions...
Persistent link: https://www.econbiz.de/10005829730
Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion between 2000 and 2007, and between Sub-Saharan Africa and China from $7 billion to $59 billion over the same period. China is now Africa's third largest trading partner behind the EU...
Persistent link: https://www.econbiz.de/10005829995
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Persistent link: https://www.econbiz.de/10005833122
This paper challenges the conventional wisdom that, on efficiency grounds, taxing individuals is always preferred to taxing households in a progressive income tax. The reason is that tax design affects the input of family members' time not only into market production and consumption of leisure...
Persistent link: https://www.econbiz.de/10005833151