Open Access. Powered by Scholars. Published by Universities.®

International Economics Commons

Open Access. Powered by Scholars. Published by Universities.®

2006

Discipline
Institution
Keyword
Publication
Publication Type
File Type

Articles 1 - 30 of 42

Full-Text Articles in International Economics

Cuba's De-Dollarization Program: Policy Measures, Main Objectives, And Principal Motivations, Mario A. Gonzalez-Corzo Dec 2006

Cuba's De-Dollarization Program: Policy Measures, Main Objectives, And Principal Motivations, Mario A. Gonzalez-Corzo

Publications and Research

This paper examines the main characteristics of Cuba’s de-dollarization program, the objectives of these policy measures, and their principal causes and motivations. The paper is organized in three sections. The first section describes the policy measures associated with the process of de-dollarization, followed by a detailed account of their main objectives (section two), and an analysis of their principal causes and motivations (section three).


Taxes And Competitiveness, Michael S. Knoll Dec 2006

Taxes And Competitiveness, Michael S. Knoll

Faculty Scholarship at Penn Law

Around the world, the tax laws are shaped by concerns with competitiveness. This paper provides a general theory of how taxes impact competitiveness. As part of that theory, this paper also introduces the concept of tax-based competitiveness neutrality. A tax system is competitively neutral when taxes do not cause competitors to change their relative valuations of any investments. This paper then uses that theory to evaluate tax policy in two high profile and important areas. The paper begins by describing two models of competitiveness, called the conduit or new money model and the investor or old money model. The central ...


Intra-Industry Trade, Multilateral Trade Integration, And Invasive Species Risk, Anh T. Tu, John C. Beghin Dec 2006

Intra-Industry Trade, Multilateral Trade Integration, And Invasive Species Risk, Anh T. Tu, John C. Beghin

CARD Working Papers

We analyze the linkage between protectionism and invasive species (IS) hazard in the context of two-way trade and multilateral trade integration, two major features of real-world agricultural trade. Multilateral integration includes the joint reduction of tariffs and trade costs among trading partners. Multilateral trade integration is more likely to increase damages from IS than predicted by unilateral trade opening under the classic Heckscher-Ohlin-Samuelson (HOS) framework because domestic production (the base susceptible to damages) is likely to increase with expanding export markets. A country integrating its trade with a partner characterized by relatively higher tariff and trade costs is also more ...


Nontariff Barriers, John C. Beghin Dec 2006

Nontariff Barriers, John C. Beghin

CARD Working Papers

Nontariff barriers (NTBs) refer to the wide range of policy interventions other than border tariffs that affect trade of goods, services, and factors of production. Most taxonomies of NTBs include market-specific trade and domestic policies affecting trade in that market. Extended taxonomies include macro-economic policies affecting trade. NTBs have gained importance as tariff levels have been reduced worldwide. Common measures of NTBs include tariff-equivalents of the NTB policy or policies and count and frequency measures of NTBs. These NTB measures are subsequently used in various trade models, including gravity equations, to assess trade and/or welfare effects of the measured ...


Editor's Note, Padraig O'Malley Oct 2006

Editor's Note, Padraig O'Malley

New England Journal of Public Policy

The editor's note at the beginning of this journal briefly speaks about each article within. The author touches upon learning, the challenges to an education, the effects of the growth of technology, how world politics interfere with economy, and how employment is affected by technology.


Malaysia In The Global Economy: Crisis, Recovery, And The Road Ahead, Daniel E. Charette Oct 2006

Malaysia In The Global Economy: Crisis, Recovery, And The Road Ahead, Daniel E. Charette

New England Journal of Public Policy

This article offers an analysis of contemporary economic development in Malaysia, focusing especially on the causes and consequences of the 1997 Asian Financial Crisis. Malaysia offers an excellent case study in international development due to its role as an export-dependent developing country with a high degree of integration in the global economy. In attempting to determine why Malaysia was enveloped by a financial crisis in July of 1997, a two-level political economy approach is used to separate international policy influences from domestic influences. My findings suggest that a combination of ill-advised, full capital account liberalization (Washington Consensus / international influence) combined ...


Removal Of U.S. Ethanol Domestic And Trade Distortions: Impact On U.S. And Brazilian Ethanol Markets, Amani E. Elobeid, Simla Tokgoz Oct 2006

Removal Of U.S. Ethanol Domestic And Trade Distortions: Impact On U.S. And Brazilian Ethanol Markets, Amani E. Elobeid, Simla Tokgoz

CARD Working Papers

We analyze the impact of trade liberalization and removal of the federal tax credit in the United States on U.S. and Brazilian ethanol markets using a multi-market international ethanol model calibrated on 2005 market data and policies. The removal of trade distortions induces a 23.2 percent increase in the price of world ethanol on average between 2006 and 2015 relative to the baseline. The U.S. domestic ethanol price decreases by 14.1 percent, which results in a 7.5 percent decline in production and a 3.2 percent increase in consumption. The lower domestic price leads to ...


La Política Comercial De La República Oriental De Uruguay: La Integración En El Mercosur Y Las Negociaciones De Libre Comercio Con Los Estados Unidos, Patrick Hudson Oct 2006

La Política Comercial De La República Oriental De Uruguay: La Integración En El Mercosur Y Las Negociaciones De Libre Comercio Con Los Estados Unidos, Patrick Hudson

Independent Study Project (ISP) Collection

This study analyzes the foreign economic policy of Uruguay, concentrating specifically on the current administration’s proposed policy changes as reflected in recent free-trade negotiations with the United States. The paper begins with an historical evaluation of Uruguay’s current strategy of international insertion via the Common Market of the South (MERCOSUR), a fifteen year-old economic bloc also including Argentina, Brazil, and Paraguay. The first section then concludes with a brief examination of Uruguayan-American bilateral trade negotiations leading up to the 2006 Free Trade Agreement (FTA) talks. The second part of the study identifies three possible future scenarios of Uruguayan ...


Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed Aug 2006

Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Financial markets in a country are parts of modern economic systems and have definite impacts of its economic performance. However, in an underdeveloped economic structure there can be other targets o hidden activities for them. Such assumptions are provoked under totalitarian economic systems that impose cartel monopolies in a autocratic compradorism that own most of the companies and their stocks. The institutional structure of the prevailing economic system avails negative cost/benefits dealings to continue unaffected as the main profits have to come from other resources, e.g., money laundry. The private sector has to be monopolized in order to ...


Perturbaciones Cambiarias En El Mercosur Y Su Impacto Sobre Paraguay, Francisco Carlos Ruiz Diaz, Rosa Ortellado Aug 2006

Perturbaciones Cambiarias En El Mercosur Y Su Impacto Sobre Paraguay, Francisco Carlos Ruiz Diaz, Rosa Ortellado

Francisco Carlos Ruiz Diaz

La mayor integración entre los países del MERCOSUR generó una profundización de las relaciones comerciales entre los miembros del bloque, explicado esencialmente por la eliminación de las barreras arancelarias. El objetivo del presente documento es analizar que tan sensible se ha vuelto este mayor nivel de intercambio frente a las perturbaciones cambiarias regionales. El trabajo reviste un énfasis especial en relación a como estos choques cambiarios pueden afectar la economía paraguaya. La evidencia es clara en relación al desempeño de la Tasa de Cambio Real (TCR). Notándose una elevada sensibilidad de la TCR de nuestro país ante cambios en el ...


Global Prospects For Dairy In Argentina And Chile: Evidence From Field Visits And Model Simulations, Frank H. Fuller, John C. Beghin, Michael A. Boland, Bruce A. Babcock, William Foster Aug 2006

Global Prospects For Dairy In Argentina And Chile: Evidence From Field Visits And Model Simulations, Frank H. Fuller, John C. Beghin, Michael A. Boland, Bruce A. Babcock, William Foster

MATRIC Briefing Papers

We assess the international competitiveness of the dairy industries in Argentina and Chile, combining recent market intelligence gathered from field visits with quantitative simulations of global policy reform scenarios. Both countries exhibit strong potential for export growth but face significant internal and external barriers to expanding their dairy industries. Global policy reforms would resolve some of the international obstacles to their expansion. Argentina has great potential, but it is handicapped by its current macroeconomic policies, trade policy distortions, and the uncertainty associated with policy implementation. Chile is more limited in terms of natural capacity for expansion, but it has a ...


Protection For Sale Under Monopolistic Competition: An Empirical Investigation, Pao Li Chang, Myoung-Jae Lee Aug 2006

Protection For Sale Under Monopolistic Competition: An Empirical Investigation, Pao Li Chang, Myoung-Jae Lee

Research Collection School Of Economics

This paper proposes a general empirical framework to estimate the protection-for-sale model, where the protection regime shifts according to a sector's market structure (perfectly or monopolistically competitive). We base the protection structure on Grossman and Helpman (1994) for the subset of perfectly competitive sectors and on Chang (2005) for the subset of monopolistically competitive sectors. The two protection regimes are simultaneously estimated with joint constraints. The results of the J-test consistently reject the homogeneous (perfect competition) protection-for-sale model often adopted in previous literature and suggest a direction of improvement toward the proposed heterogeneous protection structure model.


The Dynamic Effects Of European Services Liberalisation, Henk Lm Kox Jul 2006

The Dynamic Effects Of European Services Liberalisation, Henk Lm Kox

Henk LM Kox

#1; A single European market for services? #1; Estimated static effects of liberalisation #1; Dynamic effects of services liberalisation #1; Conclusions and possible policy implications


Urban Resurgence And The Consumer City, Joshua D. Gottlieb, Edward L. Glaeser Jun 2006

Urban Resurgence And The Consumer City, Joshua D. Gottlieb, Edward L. Glaeser

Joshua D. Gottlieb

Cities make it easier for humans to interact, and one of the main advantages of dense, urban areas is that they facilitate social interactions. This paper provides evidence suggesting that the resurgence of big cities in the 1990s is due, in part, to the increased demand for these interactions and due to the reduction in big city crime, which had made it difficult for urban residents to enjoy these social amenities. However, while density is correlated with consumer amenities, we show that it is not correlated with social capital and that there is no evidence that sprawl has hurt civic ...


U.S. Sugar Policy Options And Their Consequences Under Nafta And Doha, David Abler, John C. Beghin, David Blandford, Amani E. Elobeid Jun 2006

U.S. Sugar Policy Options And Their Consequences Under Nafta And Doha, David Abler, John C. Beghin, David Blandford, Amani E. Elobeid

CARD Working Papers

We analyze the potential impact of continuing the existing U.S. sugar program, replacing it with a standard program, and implementing the standard program with multilateral trade liberalization. Under the North American Free Trade Agreement (NAFTA), duty-free sugar imports from Mexico will undermine the program’s ability to operate on a “no-cost” basis to U.S. taxpayers. As the Mexican beverage industry is likely to expand considerably its highfructose corn syrup use, the sugar thereby displaced will seek a market in the United States. Under these conditions, marketing allotments could not be utilized under current legislation and prices would likely ...


Green Revolutions And Miracle Economies: Agricultural Innovation, Trade And Growth, Brishti Guha Jun 2006

Green Revolutions And Miracle Economies: Agricultural Innovation, Trade And Growth, Brishti Guha

Research Collection School Of Economics

The purpose of this paper is to develop a simple model of an economy in which growth is driven by a combination of exogenous technical change in agriculture and a rising world demand for labor-intensive manufactured exports. We explore the relative roles of an exogenous agricultural productivity shock and rising export demand in a model with two traded industrial goods and a non-traded agricultural good, food. When the non-traded sector uses a specific factor, we show that technical change in agriculture may be the key to factor migration into industry, in particular driving intersectoral labor migration. A key assumption is ...


Westernization Of The Asian Diet: The Case Of Rising Wheat Consumption In Indonesia, Jacinto F. Fabiosa Apr 2006

Westernization Of The Asian Diet: The Case Of Rising Wheat Consumption In Indonesia, Jacinto F. Fabiosa

CARD Working Papers

With sustained income growth and fast urbanization, Indonesia will see a major shift in the growth of grain consumption from rice to wheat products. New demand estimates from consumption survey data give a relatively high income elasticity of demand for wheat-based products, in the range of 0.44 to 0.84, with 26% to 34% of this response coming from the impact of income on the probability of consumption for non-consuming households and the remaining impact coming from the response on the level of consumption for households currently consuming wheat products. Urban location of households also contributes an increase of ...


Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed Mar 2006

Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Financial markets in a country are parts of modern economic systems and have definite impacts of its economic performance. However, in an underdeveloped economic structure there can be other targets o hidden activities for them. Such assumptions are provoked under totalitarian economic systems that impose cartel monopolies in a autocratic compradorism that own most of the companies and their stocks. The institutional structure of the prevailing economic system avails negative cost/benefits dealings to continue unaffected as the main profits have to come from other resources, e.g., money laundry. The private sector has to be monopolized in order to ...


The Changing Structure Of Pork Trade, Production, And Processing In Mexico, S. Patricia Batres-Marquez, Roxanne L. B. Clemens, Helen H. Jensen Mar 2006

The Changing Structure Of Pork Trade, Production, And Processing In Mexico, S. Patricia Batres-Marquez, Roxanne L. B. Clemens, Helen H. Jensen

MATRIC Briefing Papers

The structure of the pork production, slaughter, and processing sectors in Mexico has changed significantly since implementation of the North American Free Trade Agreement (NAFTA) and with rising income and increased urbanization. Today, Mexico's pork industry has become more integrated and achieved greater production efficiencies in response to increasing demand for better product quality and stricter sanitary practices in production and processing pork for both the domestic market and for export. However, despite these improvements Mexico's pork industry has not kept up with the rising domestic demand, and Mexico has become an increasingly important market for the United ...


Regulation And Freedom In Global Business Education, Stefano Harney, Cliff Oswick Mar 2006

Regulation And Freedom In Global Business Education, Stefano Harney, Cliff Oswick

Research Collection Lee Kong Chian School Of Business

Purpose: This paper seeks to confront the orthodoxy of global business education with some insights from postcolonial theory in order to develop a new critical pedagogy adequate for a global sociology of management and accounting. Design/methodology/approach: Reviewing the state of play in postcolonial theory and noting the new politicisation in that field, the paper asks what relevance this politicisation might have for an alternative to orthodox global business education. Findings: The paper finds that the texts available to postcolonial theory present a wealth beyond the regulation of colonial and neo‐colonial regimes and in contrast critical management studies ...


Economic Impacts Of The 2004 Services Directive, Henk Lm Kox Feb 2006

Economic Impacts Of The 2004 Services Directive, Henk Lm Kox

Henk LM Kox

#1; About CPB #1; Our research on Services Directive #1; Policy differences as market-entry barrier #1; Effects of Services Directive on trade and FDI #1; Macroeconomic effects #1; Role country-of-origin principle #1; The way ahead


Privatizing Public Enterprises In The European Union 1960-2002: Ideological, Pragmatic, Inevitable?, Judith Clifton, Daniel Díaz-Fuentes, Francisco Comín Jan 2006

Privatizing Public Enterprises In The European Union 1960-2002: Ideological, Pragmatic, Inevitable?, Judith Clifton, Daniel Díaz-Fuentes, Francisco Comín

Judith Clifton

Privatization, recognized as one of the most important economic policy reforms from the 1970s, has attracted significant attention from scholars, and the literature on the topic is now vast. Yet there is little agreement on the reasons why governments privatized. Three dominant paradigms explaining European Union (EU) privatization put forward distinct motivations. The ‘British paradigm’ assumed that market-friendly ideology played a significant role in a path towards a global programme inspired by the UK experience. The ‘multiple logics’ approach observed that the UK was an anomaly, not a leader, and that EU privatization was so diverse that there were few ...


Icts As Appropriate Technologies For Africa's Development, Cosmas Milton Obote Ochieng Ochieng Jan 2006

Icts As Appropriate Technologies For Africa's Development, Cosmas Milton Obote Ochieng Ochieng

Cosmas Milton Obote Ochieng Ochieng

No abstract provided.


China In Asean-Led Multilateral Forums, Serene Hung Jan 2006

China In Asean-Led Multilateral Forums, Serene Hung

Maryland Series in Contemporary Asian Studies

No abstract provided.


Divergent Opinions And Value Stock Performance, John A. Doukas Jan 2006

Divergent Opinions And Value Stock Performance, John A. Doukas

Finance Faculty Publications

Those who believe that capital markets—that is, markets for stocks and bonds—operate efficiently and asset prices fully reflect all publicly available information are engaged in an ongoing debate about the exact interpretation of the “value premium” with those who reject this view. Value premium refers to the superior returns generated by the purchase of value stocks relative to growth, or glamour, stocks. Rationalists, the group believing in market efficiency, argue that because value stocks are fundamentally riskier than growth stocks, the value premium is compensation for bearing risk. Behavioralists, the group arguing that market asset prices don’t ...


Fapri 2006 U.S. And World Agricultural Outlook, John C. Beghin, Fengxia Dong, Amani E. Elobeid, Jacinto F. Fabiosa, Frank Fuller, Chad Hart, Karen Kovarik, Simla Tokgoz, Tun-Hsiang (Edward) Yu, Eric Wailes, Ed Chavez, Abner W. Womack, William H. Meyers, Julian Binfield, D. Scott Brown, John Kruse Jan 2006

Fapri 2006 U.S. And World Agricultural Outlook, John C. Beghin, Fengxia Dong, Amani E. Elobeid, Jacinto F. Fabiosa, Frank Fuller, Chad Hart, Karen Kovarik, Simla Tokgoz, Tun-Hsiang (Edward) Yu, Eric Wailes, Ed Chavez, Abner W. Womack, William H. Meyers, Julian Binfield, D. Scott Brown, John Kruse

FAPRI Staff Reports

The FAPRI 2006 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. Despite continued high energy prices, world economic growth is expected to remain strong in the coming decade, above 3% per annum. Other major drivers of the 2006 baseline include new bio-energy policies in several large countries, EU sugar policy reform, sanitary and phytosanitary (SPS) shocks in livestock and poultry markets, and movements in the exchange rate.


International Migration In Macro-Perspective: Bringing Power Back In, Marcel Paret, Shannon Gleeson Jan 2006

International Migration In Macro-Perspective: Bringing Power Back In, Marcel Paret, Shannon Gleeson

Articles and Chapters

This paper challenges the inward looking perspective of recent immigration research by situating migration to the United States within a global and historical context. This macro-stratification perspective breaks out of the confines of national contexts to explore how international migration is shaped by global power divides. We argue that in order to fully understand international migration, it is necessary to account for both the emergence of global power structures and the historical domination of Europe. We develop our argument by first outlining the significance of global power divides, with a particular focus on the United States. We then demonstrate how ...


Inter-Industry Gender Wage Gaps By Knowledge Intensity: Discrimination And Technology In Korea, William C. Horrace, Beyza P. Ural, Jin Hwa Jung Jan 2006

Inter-Industry Gender Wage Gaps By Knowledge Intensity: Discrimination And Technology In Korea, William C. Horrace, Beyza P. Ural, Jin Hwa Jung

Center for Policy Research

A new gender wage gap decomposition methodology is introduced that does not suffer from the identification problem caused by unobserved non-discriminatory wage structure. The methodology is used to measure the relative size of Korean gender wage gaps from 1994 to 2000 across industries, differentiated by industrial knowledge intensity, where knowledge intensity is the extent to which industries produce or employ high-technology products. Korea represents an important case study, since it possesses one of the fast growing knowledge-intensive economies, among industrialized countries. Empirical results indicate that over this period, discrimination (the unexplained portion of the gender wage gaps) in Korea was ...


Export Incentives And International Entrepreneurship In Malaysian Firms, Zafar U. Ahmed, Craig C. Julian, Abdul J. Mahajar Jan 2006

Export Incentives And International Entrepreneurship In Malaysian Firms, Zafar U. Ahmed, Craig C. Julian, Abdul J. Mahajar

Southern Cross Business School

This study explores Malaysian entrepreneurs' incentives to export when engaging in international business. The data gathered were based on a survey of 214 Malaysian manufacturing firms. Statistical analysis was carried out using one-way analysis of variance. With the exception of a 'decline in the value of currency relative to foreign markets', the results indicate no significant differences in the perceptions of exporters and non-exporters towards the various incentives to export. Thirteen of the export incentives tested in this study were deemed to be significant to Malaysian entrepreneurs. These were: reduction of tariffs in target countries; attractive export incentives provided by ...


The Subtlety Of Political Risk With Foreign Direct Investment: The Case Of The Vietnamese Sugar Industry, Tom Arnold, Bonnie Buchanan, Janice Lo Jan 2006

The Subtlety Of Political Risk With Foreign Direct Investment: The Case Of The Vietnamese Sugar Industry, Tom Arnold, Bonnie Buchanan, Janice Lo

Finance Faculty Publications

Political risk entails more than a host country taking advantage of investment from foreign sources. A more subtle form of political risk is attributable to the host government's mismanagement of policies that may be intended to attract foreign direct investment, but may have unintended consequences. A perfect example is the ''One Million Tonne Sugar Program " sponsored by the government of Vietnam during the mid-1990s. What appears to be a very lucrative investment for foreign investors becomes a financial disaster due to the inability of the government to allocate resources efficiently and police its borders from smugglers.