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Trade Reforms and Market Selection

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Release : 2009
Genre : Free trade
Kind : eBook
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Book Synopsis Trade Reforms and Market Selection by : Marcela Eslava

Download or read book Trade Reforms and Market Selection written by Marcela Eslava. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark-ups and input costs. We find that each of these market fundamentals are important in explaining plant exit. We then use variation across sectors in tariff changes after the Colombian trade reform to assess whether the impact of market fundamentals on plant exit changed with increased international competition. We find that greater international competition magnifies the impact of productivity, and other market fundamentals, on plant exit. A dynamic simulation that compares the distribution of productivity with and without the trade reform shows that improvements in market selection from trade reform help to weed out the least productive plants and increase average productivity. In addition, we find that trade liberalization increases productivity of incumbent plants and improves the allocation of activity within industries.

Trade Reforms and Market Selection

Download Trade Reforms and Market Selection PDF Online Free

Author :
Release : 2009
Genre : Free trade
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Trade Reforms and Market Selection by : Marcela Eslava

Download or read book Trade Reforms and Market Selection written by Marcela Eslava. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark-ups and input costs. We find that each of these market fundamentals are important in explaining plant exit. We then use variation across sectors in tariff changes after the Colombian trade reform to assess whether the impact of market fundamentals on plant exit changed with increased international competition. We find that greater international competition magnifies the impact of productivity, and other market fundamentals, on plant exit. A dynamic simulation that compares the distribution of productivity with and without the trade reform shows that improvements in market selection from trade reform help to weed out the least productive plants and increase average productivity. In addition, we find that trade liberalization increases productivity of incumbent plants and improves the allocation of activity within industries.

The Political Economy of Trade Reform in Emerging Markets

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Release : 2009-01-01
Genre : Political Science
Kind : eBook
Book Rating : 299/5 ( reviews)

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Book Synopsis The Political Economy of Trade Reform in Emerging Markets by : Peter Draper

Download or read book The Political Economy of Trade Reform in Emerging Markets written by Peter Draper. This book was released on 2009-01-01. Available in PDF, EPUB and Kindle. Book excerpt: . . . few if any other recent volumes offer a historical perspective on evolving trade policy in several countries, this well-written, well-edited volume. . . is suitable for graduate and research libraries. M. Larudee, Choice This book is a refreshing reminder of the benefits of unilateral trade liberalisation in countries whose leaders dare. An important story told with clarity and authority. Ross Garnaut, The Australian National University, Australia That trade liberalization is good for emerging market economies, and not just for the rich ones, is now widely accepted by both economists and policy-makers. But the question remains: how can these reforms be implemented in practice? The answer to that important question lies in understanding the political economy of each reforming country. This book makes a splendid contribution to our understanding of this issue by examining the experience of several countries. It is therefore an important book to be read by, not just students and researchers, but also policy-makers worldwide. Jagdish Bhagwati, Columbia University, US This timely book brings fresh analysis to the important issue of trade policy reform in emerging markets. The subject matter and its significance are comprehensively introduced with a review of developing country liberalization since the 1980s providing an analytical framework for the seven country case studies that follow. The case studies (Australia, Brazil, Chile, India, Malaysia, New Zealand, and South Africa) cover a wide variety of political, historical and economic issues, but all make clear the important role that crisis, or the threat of it, plays in meaningful trade policy reform. This is of particular relevance in the current global financial crisis. These studies, together with the conclusions which are drawn from them, show how important the trade liberalization agenda remains in the 21st century. Written by a combination of both experts and practitioners, this highly topical book will make productive reading for policy makers concerned with trade policy in developed and developing countries, as well as scholars working in trade policy. Postgraduate students studying international business, international relations, economics, politics, and international law should not be without this book.

Analyzing the Distributional Impact of Reforms: A practitioner's guide to trade, monetary and exchange rate policy, utility provision, agricultural markets, land policy, and education

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Release : 2005
Genre : Business & Economics
Kind : eBook
Book Rating : 818/5 ( reviews)

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Book Synopsis Analyzing the Distributional Impact of Reforms: A practitioner's guide to trade, monetary and exchange rate policy, utility provision, agricultural markets, land policy, and education by : World Bank

Download or read book Analyzing the Distributional Impact of Reforms: A practitioner's guide to trade, monetary and exchange rate policy, utility provision, agricultural markets, land policy, and education written by World Bank. This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt: This publication is a practitioner's guide for analyzing the distributional impact of reforms to trade, monetary and exchange rate policy, utility provision, agricultural markets, land policy and education. These six areas of policy reform are the ones most likely to have an impact on distribution and poverty. Such analysis helps in policy formulation and development and for implementing poverty reduction strategies in developing countries. Each chapter in this volume provides an overview and guidance on the specific issues arising in the analysis of the distributional impacts of policy and institutional reforms in selected sectors.

Trade Policy, Income Risk and Welfare

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Release : 2005
Genre : Commercial policy
Kind : eBook
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Book Synopsis Trade Policy, Income Risk and Welfare by : Tom Krebs

Download or read book Trade Policy, Income Risk and Welfare written by Tom Krebs. This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt: "This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the relationship between trade policy and income risk. Finally, a simple dynamic incomplete-market model is used to assess the corresponding welfare costs. In the implementation of this methodology using Mexican data, we find that trade policy changes have a significant short run effect on income risk. Further, while the tariff level has an insignificant mean effect, it nevertheless changes the degree to which macroeconomic shocks affect income risk"--NBER website

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