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How Barriers to International Trade Affect TFP

Herrendorf, Berthold; Teixeira, Arilton - In: Review of Economic Dynamics 8 (2005) 4, pp. 866-876

We ask how barriers to international trade affect TFP when there are monopoly rights in the import …--competing industries. Holmes and Schmitz (1995) show that without barriers to trade TFP in these industries is as large as possible. We … reduce TFP. (Copyright: Elsevier) …

Persistent link: https://www.econbiz.de/10005069691

Monopoly rights and Cross-country TFP

Herrendorf, Berthold; Teixeira, Arilton - Society for Economic Dynamics - SED - 2004

We ask for which part of the observed cross-country differences in the level of per-capita income monopoly rights can account. We answer this question in a calibrated growth model with capital. Monopoly rights in the capital-producing sector shield labor market insiders from the competition by...

Persistent link: https://www.econbiz.de/10004970352

The gains from trade in a small monetary economy

Darko, George; Dusansky, Richard; Maskara, Pankaj; … - In: The Journal of International Trade & Economic Development 15 (2006) 4, pp. 403-430

usefulness. For such a monetary small open economy, an additional terms-of-trade effect or inflationary effect of a tariff is …

Persistent link: https://www.econbiz.de/10005505283

How Trade Policy Affects Technology Adoption and Productivity

Herrendorf, Berthold; Teixeira, Arilton - C.E.P.R. Discussion Papers - 2002

technology is used and TFP and per capita income are as large as is possible. Second, under a quota the best technology may or … may not be used; in both cases per capita income and TFP are smaller than under free trade and a tariff. Third, average …How does trade policy a affect technology adoption, total factor productivity (TFP henceforth), and per capita income …

Persistent link: https://www.econbiz.de/10005504455

Bounding the Price Equivalent of Migration Barriers

Clemens, Michael A.; Montenegro, Claudio; Pritchett, Lant - 2016

Large international differences in the price of labor can be sustained by differences between workers, or by natural and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad valorem equivalent of labor mobility barriers to the United...

Persistent link: https://www.econbiz.de/10011479307

A theory of dynamic tariff and quota retaliation

Keenan, Donald C.; Naqvi, Nadeem; Pech, Gerald - 2011

-country trade model in which countries move in alternating-move, dynamic either tariffsetting or quota-setting games in Markov … equilibria of static games. Our results imply that the alleged non-equivalence of the outcomes of tariff-retaliation (neither … free trade nor autarky) and quota-retaliation (asymptotic autarky) games in the literature depends crucially on complete …

Persistent link: https://www.econbiz.de/10010286394

A Theory of Dynamic Tariff and Quota Retaliation

Keenan, Donald C.; Naqvi, Nadeem; Pech, Gerald - Volkswirtschaft Abteilung, Fachbereich … - 2011

Persistent link: https://www.econbiz.de/10009359472

Liberalization of import restrictions on capital goods and the balance of payments

Tatum, Robert - In: The Journal of International Trade & Economic Development 19 (2010) 3, pp. 385-419

form of a quota and when it takes the form of a tariff. Since tariff liberalization affects tax revenues, the analysis of … tariff liberalization allows for a fiscal imbalance and a mechanism by which the fiscal imbalance is covered, namely an …

Persistent link: https://www.econbiz.de/10008691595

A Classroom Experiment on Import Tariffs and Quotas Under Perfect and Imperfect Competition

Mulholland, Sean - Volkswirtschaftliche Fakultät, … - 2010

This manuscript develops a classroom experiment on international trade that is suitable for undergraduate intermediate macroeconomics, international trade, and international finance courses. Students representing buyers, in a small home country and foreign country, and sellers, both home and...

Persistent link: https://www.econbiz.de/10008695066

Technology adoption: on the non equivalence of tariffs and quotas*

Herrendorf, Berthold; Teixeira, Arilton - In: Brazilian Business Review 4 (2007) 3, pp. 195-217

trade, or a tariff, the best technology is always used; (ii) Under a quota, generally the best technology is not used. In … other words, with respect to adoption of new technologies we have equivalence between free trade and tariffs. A quota … adoption of new technologies we have equivalence between free trade and tariffs. A quota generates resistance to new …

Persistent link: https://www.econbiz.de/10010631389