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total factor productivity (TFP) in the South. Specifically, it examines the impact on TFP in the Republic of Korea, Mexico …-level data, they find that (1) technology diffusion and productivity gains tend to be regional: Korea benefits mainly from trade …
Persistent link: https://www.econbiz.de/10005128469
; competition, exchange rate policy, regional integration, uneven growth, and counter-season trade; and just-in-time inventory …
Persistent link: https://www.econbiz.de/10005128743
direction. The authors examine the impact of the North America Free Trade Agreement (NAFTA) on total factor productivity in …: Mexico's trade with its NAFTA partners had a large and significant impact on Mexico's total factor productivity, while trade … productivity in Mexico's manufacturing sector of between 5.5 percent and 7.5 percent and to some convergence with the economies of …
Persistent link: https://www.econbiz.de/10005128843
The author combines two theories - one about how multilateral trade liberalization affects regional integration, the other about how it affects political disintegration - to explain why the ratio of free trade areas to customs unions has increased over time. Ethier argues (1998, 1999) that...
Persistent link: https://www.econbiz.de/10005128850
There has been a resurgence of preferential trade agreements (PTAs). This has led to renewed debate about how PTAs affect both welfare and the multilateral system. The author examines two ideas: the welfare impact of PTAs and the effect of structural and policy changes on PTAs. He asks how the...
Persistent link: https://www.econbiz.de/10005129425
Adherents of the"natural trading partner"hypothesis argue that preferential trade agreements (PTAs) are more likely to improve welfare if participating countries already trade disproportionately with each other. Opponents of the hypothesis claim that the opposite is true: welfare gains are...
Persistent link: https://www.econbiz.de/10005133493
Mundell and Markusen each wrote classic papers on the relationship between trade and factor movement. Mundell showed that substitution holds in the Heckscher-Ohlin model. Markusen challenged the substitution result and showed in five different models that removing barriers to factor movement...
Persistent link: https://www.econbiz.de/10005133675
The author considers the policy options of the West Bank and Gaza with respect to trade and the export of labor services. He concludes that: 1) Nondiscriminatory trade policy is unambiguously superior to a free trade agreement with Israel; 2) The West Bank and Gaza should pursue a...
Persistent link: https://www.econbiz.de/10005079584
Regional integration agreements (RIAs) are examples of second best and have an ambiguous impact on welfare, contend the authors. They build a model in which RIAs unambiguously raise welfare by correcting for externalities. It assumes that trade between neighboring countries increases trust...
Persistent link: https://www.econbiz.de/10005080120
Standard theory says that a country's welfare is unaffected by being excluded from a small regional trade agreement. But for most products,"small"countries and regional trade agreements do have some measure of market power. Such market power can arise if (1) supply is geographically concentrated;...
Persistent link: https://www.econbiz.de/10005115879