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.g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher …. It concludes that the virtues of openness established in these nuanced in-depth studies remain unrefuted. …
Persistent link: https://www.econbiz.de/10011609050
Persistent link: https://www.econbiz.de/10001486886
.g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher …. It concludes that the virtues of openness established in these nuanced in-depth studies remain unrefuted. …
Persistent link: https://www.econbiz.de/10005558464
The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...
Persistent link: https://www.econbiz.de/10005783468
transformation. The standard trade theory postulates that trade openness contributes to poverty alleviation directly by changing … the trade-to-grossdomestic-product ratio to measure openness often fail to find a direct effect of openness on poverty over … effectiveness of the factor proportion channel may be due to limitations of the commonly used measure of trade openness: the trade …
Persistent link: https://www.econbiz.de/10015120763
Persistent link: https://www.econbiz.de/10001614367
for infant industry protection does not exist. Moreover, compelling empirical evidence linking trade openness causally to …
Persistent link: https://www.econbiz.de/10012846238
This paper addresses the lack of connection between theory and empirics in most export diversification - economic development studies. We provide a Ricardian-based theoretical explanation of countries' relative export variety as a function of the level of technology and country size assessed...
Persistent link: https://www.econbiz.de/10011920903
The paper shows that the relationship between GDP per capita and levels of specialization can be predicted differently depending on whether the intensive or the extensive margin is considered. It shows that at the extensive margin countries continuously diversify their exports and that...
Persistent link: https://www.econbiz.de/10010382160
A reduction in income tax rates generates substantial dynamic responses within the framework of the standard neoclassical growth model. The short-run revenue loss after an income tax cut is partly - or, depending on parameter values, even completely - offset by growth in the long-run, due to the...
Persistent link: https://www.econbiz.de/10005151012