3,748 research outputs found

    Trade liberalization, factor market flexibility, and growth : the case of Morocco and Tunisia

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    In recent years there has been an increasing recognition of the importance of complementary policies in enhancing the benefits of a more open trade regime. This study focuses on the importance of factor market flexibility to trade reforms. Using the Global Trade Analysis Project (GTAP) model and database, the results show that the welfare impact of trade reform is contingent on the flexibility of factor markets, with higher welfare gains occurring where factor markets are more flexible, and vice-versa. Defining two extreme factor market scenarios over Morocco and Tunisia, the author finds that the welfare gains of trade reforms under conditions of flexible factor markets can be as much as six times the gains compared with a rigid factor market scenario. This is so because whereas trade reforms may improve the incentive structure for resource reallocation, the extent to which resources move from less efficient to more efficient sectors of an economy is dependent on the degree of flexibility of factor markets.Free Trade,Economic Theory&Research,Markets and Market Access,Trade and Regional Integration,Trade Law

    The impact of regional trade agreements and trade facilitation in the Middle East and North Africa region

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    The Middle East and North Africa (MENA) region's trade performance over the past two decades has been disappointing. Efforts to boost trade through a plethora of regional trade agreements (RTAs) are underway. This study examines the potential contribution of regional trade agreements, as well as trade facilitation improvements, in enhancing the development prospects of the region. Using the Global Trade Analysis Project (GTAP) model and database, both intra-regional integration and integration with the European Union are observed to have a favorable impact on welfare in the MENA region. The welfare gains from integrating with the European Union are observed to be at least twice as much as intra-regional integration. Furthermore, these welfare gains are observed to at least triple when the implementation of the RTAs is complemented with trade facilitation improvements.Free Trade,Trade Law,Trade Policy,Economic Theory&Research,Trade and Regional Integration

    Trade costs, barriers to entry, and export diversification in developing countries

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    This paper finds that a 1 percent reduction in the cost of exporting or the cost of international transport is associated with an export diversification gain of 0.3 percent or 0.4 percent respectively. Lower domestic market entry costs can also promote diversification, but the elasticity is weaker (-0.1). To obtain these results, the authors construct new measures of export diversification for 118 developing countries using highly detailed 8-digit mirror data from the European Union. The analysis also incorporates new export cost data from the World Bank's Doing Business database, covering document preparation, inland transport, administrative fees, and port/customs charges. Findings are highly robust, including to the use of geography and colonial history as instruments for trade and entry costs. Both the signs and relative magnitudes of these effects are consistent with predictions from a heterogeneous firms model of trade with asymmetric costs.Housing&Human Habitats,E-Finance and E-Security,Mining&Extractive Industry (Non-Energy),Educational Technology and Distance Education,Transport Economics Policy&Planning

    Canada Goose Harvest and Hunter Activity in the Southern Illinois Quota Zone during the 1978 Season

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    Division of Wildlife Resources Migratory Bird Section, Periodic Report No. 26Report issued on: May 9, 197

    The Importance of Greek to the Minister

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    Reducing plagiarism and improving writing: A lesson from Chinese painting

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    Both research and experience has established that plagiarism is a relatively common feature in L2 writing. This is the result of several factors, including lack of understanding of the original material, limitations in academic vocabulary, time constraints, and so on. Although there are specific sanctioned instances where copying and presenting works as your own in cultures such as Chinese, plagiarism is never allowed. How then can a university level writing instructor overcome the confusion this creates among groups such as Chinese L2 students? In response to this question, the author proposes a theoretical model, based upon a traditional analytical framework for Chinese painting – where copying is a requirement. This model mimics the Six Principles proposed by Hsieh He’s [or XiĂš Hù’s – èŹè”«] in 520 AD. By modifying, translating, and directly applying these Six Principles to writing, students can better learn how to avoid plagiarism, gain a greater understanding of the material they are reading, and develop ways to better express themselves

    The role of credit in capital accumulation by beginning farmers

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