Foregin Owned Capitol And Endogenous Tariffs
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Foregin Owned Capitol And Endogenous Tariffs
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Author : Marcelo Olarreaga
language : en
Publisher: World Bank Publications
Release Date : 1999
Foregin Owned Capitol And Endogenous Tariffs written by Marcelo Olarreaga and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Commercial policy categories.
The increase in investment abroad during the past two decades may help explain the simultaneous worldwide rush toward free trade. The entry of foreign capital may change the political game, increasing openness to international trade no matter what form the foreign capital takes (whether entering by acquiring equity in existing domestic firms or by bringing foreign firms into the host economy) or what its trade orientation (whether it enters the export or import-competing sector).
Foreign Owned Capital And Endogenous Tariffs
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Author : Marcelo Olarreaga
language : en
Publisher:
Release Date : 2016
Foreign Owned Capital And Endogenous Tariffs written by Marcelo Olarreaga and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The increase in investment abroad during the past two decades may help explain the simultaneous worldwide rush toward free trade. The entry of foreign capital may change the political game, increasing openness to international trade no matter what form the foreign capital takes (whether entering by acquiring equity in existing domestic firms or by bringing foreign firms into the host economy) or what its trade orientation (whether it enters the export or import-competing sector).During the past two decades there has been an important increase in investment abroad and a worldwide rush toward free trade. Olarreaga argues that the increase in investment abroad may partially explain the worldwide rush toward free trade.In a model of endogenous determination of trade protection through lobbying - where the government is also concerned about income redistribution among owners of foreign and national factors of production - foreign capital's entry into a host country will probably reduce the endogenous level of protection.If the elasticity of substitution between labor and capital is small enough, Olarreaga shows, protection cannot increase after the entry of foreign capital, regardless of the form of investment abroad (whether through the acquisition of existing domestic firms or the entry of foreign firms) or its trade orientation (whether foreign capital enters the export or import-competing sectors).There will either be increased counter-lobbying for protection by the export sector or reduced lobbying for protection in the import-competing sector, because of the scale effect associated with an increase in the equilibrium wage.If foreign entry occurs in the import-competing sector, protection might increase because of the scale effect, but under reasonable assumptions about the value of the elasticity of substitution between labor and capital, protection will also fall.This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to understand the political economy of trade protection. The author may be contacted at [email protected].
Partisan Investment In The Global Economy
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Author : Pablo M. Pinto
language : en
Publisher: Cambridge University Press
Release Date : 2013-03-25
Partisan Investment In The Global Economy written by Pablo M. Pinto and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-25 with Political Science categories.
Pinto develops a partisan theory of foreign direct investment (FDI) arguing that left-wing governments choose policies that allow easier entry by foreign investors more than right-wing governments, and that foreign investors prefer to invest in countries governed by the left. To reach this determination, the book derives the conditions under which investment flows should be expected to affect the relative demand for the services supplied by economic actors in host countries. Based on these expected distributive consequences, a political economy model of the regulation of FDI and changes in investment performance within countries and over time is developed. The theory is tested using both cross-national statistical analysis and two case studies exploring the development of the foreign investment regimes and their performance over the past century in Argentina and South Korea.
Corruption And Trade Tariffs Or A Case For Uniform Tariffs
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Author : Roberta Gatti
language : en
Publisher: World Bank Publications
Release Date : 1999
Corruption And Trade Tariffs Or A Case For Uniform Tariffs written by Roberta Gatti and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
A highly diversified trade tariff menu may fuel bribe-taking behavior. Setting trade tariff rates at a uniform level limits public officials' ability to extract bribes from importers.
Black Hole Tariffs And Endogenous Policy Theory
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Author : Stephen P. Magee
language : en
Publisher: Cambridge University Press
Release Date : 1989-08-25
Black Hole Tariffs And Endogenous Policy Theory written by Stephen P. Magee and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-08-25 with Business & Economics categories.
An example of special interest protection is provided by this study's general equilibrium theory that explains income distribution with goods markets, factor markets, lobbies, political parties and voters all pursuing their self interests.
Labor Market Integration In The Presence Of Social Capital
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Author : Maurice W. Schiff
language : en
Publisher: World Bank Publications
Release Date : 1999
Labor Market Integration In The Presence Of Social Capital written by Maurice W. Schiff and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Bonds categories.
Social capital raises productivity and falls with labor mobility. Because labor mobility generates a negative externality, integration of labor markets results in too much mobility, too low a level of social capital, and an ambiguous effect on welfare. Trade liberalization is superior to labor market integration because it reduces mobility and the negative externality associated with it.
Are Capital Goods Tariffs Different
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Author : Sergii Meleshchuk
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-22
Are Capital Goods Tariffs Different written by Sergii Meleshchuk and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-22 with Business & Economics categories.
In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure to a quasi-natural experiment induced by a trade reform in Colombia, we find that firms that have been more exposed to a reduction in intermediate and consumption input or output tariffs do not significantly increase their investment rates. However, firms’ investment rate increase strongly in response to a reduction in capital goods input tariffs. Firms do not substitute capital with labor, but instead also increase employment, especially for production workers. Reduction in other tariff rates do not increase investment and employment. Our results suggest that a reduction in the relative price of capital goods can significantly boost investment and employment and does not seem to lead to a decline in the labor share.
The Slippery Slope
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Author : Francisco H. G. Ferreira
language : en
Publisher: World Bank Publications
Release Date :
The Slippery Slope written by Francisco H. G. Ferreira and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
During the turbulent years 1976-96, aggregate data for Brazil appear to show only small changes in mean income, inequality, and incidence of poverty -- suggesting little change in the distribution of income. But a small group of urban households -- excluded from formal labor markets and safety nets -- was trapped in indigence. Based on welfare measured in terms of income alone, the poorest part of urban Brazil has experienced two lost decades.
How Did Highly Indebted Poor Countries Become Highly Indebted
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Author : William Russell Easterly
language : en
Publisher: World Bank Publications
Release Date : 1999
How Did Highly Indebted Poor Countries Become Highly Indebted written by William Russell Easterly and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Amount Of Debt categories.
Theoretical models predict that countries with unchanged long-run savings preferences will respond to debt relief by running up new debts or by running down assets. And there are some signs that incremental debt relief over the past two decades has fulfilled those predictions. Debt relief is futile for countries with unchanged long-run savings preferences.
Is African Manufacturing Skill Constrained
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Author : Howard Pack
language : en
Publisher: World Bank Publications
Release Date : 1999
Is African Manufacturing Skill Constrained written by Howard Pack and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Access and Equity in Basic Education categories.
Continued efforts to develop high-level industrial skills in Sub-Saharan African countries may be wasteful without a more competitive environment in the industrial sector. But lack of such skills may limit the benefits to the industrial sector from future liberalization. As a result, the supply response to improved incentives may be weak.