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  • 1995-1999  (456)
  • Economics
  • Trade
Material
Years
Year
Keywords
  • 1
    Book
    Book
    Cheltenham, UK [u.a.] : Elgar
    ISBN: 1858986176
    Language: English
    Series Statement: The international library of critical writings in economics 83
    Series Statement: An Elgar reference collection
    DDC: 306.3
    Keywords: Economics ; Sociological aspects ; Culture ; Economic aspects ; Social norms ; Social systems ; Aufsatzsammlung ; Wirtschaftliches Verhalten ; Sozialisierung ; Kulturwirtschaft ; Soziales System ; Soziale Norm
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  • 2
    Book
    Book
    London [u.a.] : Routledge
    ISBN: 0415184738
    Language: English , German
    Pages: 24 cm
    Series Statement: Routledge critical responses
    DDC: 301
    Keywords: Weber Max ; 1864-1920 ; Sociology ; Economics ; Weber, Max 1864-1920
    Note: Text in English, German, French and Italian
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  • 3
    Book
    Book
    London [u.a.] : Penguin Books in association with New Left Review
    Show associated volumes/articles
    Language: English
    Uniform Title: Das Kapital 〈engl.〉
    DDC: 335.4/1
    RVK:
    Keywords: Capital ; Economics
    Note: Vol. 2 and 3 transl. by David Fernbach
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  • 4
    ISBN: 3320000004
    Language: German
    Pages: 8
    Parallel Title: Erscheint auch als MEGAdigital
    RVK:
    RVK:
    Keywords: Socialism ; Economics ; Quelle ; Marx, Karl 1818-1883 ; Engels, Friedrich 1820-1895 ; Marxismus
    Note: Später herausgegeben von der Internationalen Marx-Engels-Stiftung Amsterdam , Später , Später hrsg. vom Institut für Geschichte der Arbeiterbewegung, Berlin, ...
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  • 5
    ISBN: 316539072X
    Language: German
    Edition: Fünfte, revidierte Auflage mit textkritischen Erläuterungen herausgegeben von Johannes Winckelmann
    DDC: 301.045
    RVK:
    Keywords: Sociology ; Economics
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  • 6
    ISBN: 3320007491
    Language: German
    Edition: Separatausgabe
    Keywords: Capital ; Economics ; Quelle ; Marx, Karl 1818-1883 Das Kapital
    Note: Ausgabe ist identisch mit Bd. 23 - 25 der Werke von Marx und Engels
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  • 7
    ISBN: 0415153808
    Language: English
    DDC: 330.01
    Keywords: Economics
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  • 8
    Language: English
    Uniform Title: Das Kapital
    Keywords: Capital ; Economics
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  • 9
    Book
    Book
    Stuttgart : Fischer | Jena : Fischer
    Language: German
    RVK:
    RVK:
    RVK:
    RVK:
    Keywords: Sociology ; Economics ; Soziologie
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  • 10
    Language: German , English
    Pages: 25 cm
    Parallel Title: Erscheint auch als Dietl, Clara-Erika, - 1996 Wörterbuch für Recht, Wirtschaft und Politik
    Keywords: Recht / Lexikon, Wörterbuch ; Wirtschaft / Lexikon, Wörterbuch ; Politik / Lexikon, Wörterbuch ; Englisch / O.b. Wörterbücher, Fachausdrücke0 ; Law ; Dictionaries ; Economics ; Dictionaries ; Political ; Dictionaries ; English ; Dictionaries ; German ; Law ; Dictionaries ; German ; Economics ; Dictionaries ; German ; Political ; Dictionaries ; German ; German ; Dictionaries ; English ; Mehrsprachiges Wörterbuch ; Wörterbuch ; Deutsch ; Recht ; Englisch ; Deutsch ; Politik ; Englisch ; Deutsch ; Wirtschaft ; Englisch ; Recht ; Wirtschaft ; Politik
    Note: Teil 1, 1. Aufl. u.d.T.: Erdsiek, Gerhard: Wörterbuch für Recht, Wirtschaft und Politik , Teil 2, 5. Aufl. mit dem Zusatz: Mit Kommentaren in deutscher und englischer Sprache , 1. - 7. Aufl , Ab 2002 parallele CD-ROM-Ausg. u.d.T.: Wörterbuch für Recht, Wirtschaft und Politik , Teilw. außerdem im Bender-Verl., New York, erschienen
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  • 11
    Book
    Book
    Harlow : Addison Wesley Longman
    ISBN: 0582303486
    Language: English
    Pages: XIV, 712 S. , graph. Darst.
    Edition: 4. ed., repr.
    DDC: 306.7'0941
    Keywords: Economics
    Note: Includes bibliographical references and index. - Previous ed.: London : Pitman, 1992
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  • 12
    Online Resource
    Online Resource
    In:  In: Fremde in Deutschland. Deutsche in der Fremde. Schlaglichter von der Frühen Neuzeit bis in die Gegenwart. 1999, Seite 147-156
    Titel der Quelle: In: Fremde in Deutschland. Deutsche in der Fremde. Schlaglichter von der Frühen Neuzeit bis in die Gegenwart.
    Publ. der Quelle: Cloppenburg, Museumsdorf Cloppenburg. Niedersächsisches Freilichtmuseum, 1999
    Angaben zur Quelle: 1999, Seite 147-156
    Keywords: Deutschland ; Wanderhändler ; Handel ; Trade ; Le commerce
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  • 13
    Online Resource
    Online Resource
    In:  In: Fremde in Deutschland. Deutsche in der Fremde. Schlaglichter von der Frühen Neuzeit bis in die Gegenwart. 1999, Seite 137-146
    Titel der Quelle: In: Fremde in Deutschland. Deutsche in der Fremde. Schlaglichter von der Frühen Neuzeit bis in die Gegenwart.
    Publ. der Quelle: Cloppenburg, Museumsdorf Cloppenburg. Niedersächsisches Freilichtmuseum, 1999
    Angaben zur Quelle: 1999, Seite 137-146
    Keywords: Leipzig ; Messe ; Handel ; Trade ; Le commerce
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  • 14
    Online Resource
    Online Resource
    In:  In: Fremde in Deutschland. Deutsche in der Fremde. Schlaglichter von der Frühen Neuzeit bis in die Gegenwart. 1999, Seite 157-166
    Titel der Quelle: In: Fremde in Deutschland. Deutsche in der Fremde. Schlaglichter von der Frühen Neuzeit bis in die Gegenwart.
    Publ. der Quelle: Cloppenburg, Museumsdorf Cloppenburg. Niedersächsisches Freilichtmuseum, 1999
    Angaben zur Quelle: 1999, Seite 157-166
    Keywords: Deutschland ; Hugenotten ; Handel ; Trade ; Le commerce
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  • 15
    ISBN: 9780585341637 , 058534163X
    Language: English
    Pages: XXVI, 478 Seiten
    Edition: Online-Ausgabe Berlin Springer 2014 1 Online-Ressource SpringerLink: Springer e-Books
    Parallel Title: Elektronische Reproduktion von Bachi, Roberto, 1909-1995 New Methods of Geostatistical Analysis and Graphical Presentation
    DDC: 304.6015192
    Keywords: Statistics ; Geography ; Economics ; Population
    Note: Online-Ausgabe:
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  • 16
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264173309
    Language: English
    Pages: Online-Ressource (52 p)
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Échanges, investissement et développement ; Optimiser les bénéfices de l'ouverture des marchés
    Parallel Title: Parallelausg. Échanges, investissement et développement : Optimiser les bénéfices de l'ouverture des marchés
    RVK:
    Keywords: Finance and Investment ; Development ; Trade ; Freihandel ; Globalisierung ; Entwicklung
    Abstract: Developing and transition economies are seeking to accelerate their development by liberalising trade and investment, and taking advantage of the opportunities of the global market place. However, in the wake of recent financial crises, concerns have been expressed that some countries might turn away from open trade and investment. In fact, most crisis-affected countries are continuing to liberalise trade and investment, which they see as part of the solution to the crisis, not the cause. This report reviews evidence of the benefits and challenges of trade and investment for development, drawing on experiences from economies in various parts of the world. Experience shows that open trade and investment have been beneficial for development, when accompanied by a coherent set of growth-oriented macroeconomic and structural policies, capacity-building, social policy and good governance. Further, countries like Korea and Mexico that have responded to economic crisis with liberalisation and structural reform have experienced positive results. All countries -- developed, developing and transition -- have a vital stake in a new Round of multilateral trade negotiations to prepare for the global economy of 21st century.
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  • 17
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264280007
    Language: French
    Pages: Online-Ressource (108 p.)
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Trade and Competition Policies for Tomorrow
    Keywords: Governance ; Trade
    Abstract: Les liens entre politique des échanges et politique de la concurrence suscitent un intérêt croissant depuis quelques années. En effet, avec la baisse des droits de douane, les négociateurs s’intéressent de plus en plus aux politiques intérieures sources de distorsions dans les échanges, ainsi qu'aux obstacles non gouvernementaux au commerce. En outre, la disparition des barrières officielles aux échanges et à l’investissement peut inciter les entreprises à adopter un comportement anticoncurrentiel pour protéger leurs marchés. D'où la nécessité de développer des politiques cohérentes. Parce qu'elles cherchent les unes comme les autres à améliorer l’allocation des ressources, politiques des échanges et politiques de la concurrence se complètent et se renforcent mutuellement. Les travaux rassemblés dans cet ouvrage sont issus du Groupe conjoint sur les échanges et la concurrence de l’OCDE. Ils examinent les relations et les complémentarités qui existent entre ces politiques à travers une approche multidisciplinaire typique de l’OCDE. Ce livre -- dont un chapitre entier est consacré au secteur des télécommunications -- jette sur toutes ces questions un éclairage inédit avant le nouveau cycle de négociations de l'OMC. Mais quelle que soit l'issue du sommet de Seattle, les problèmes soulevés dans cet ouvrage resteront d'actualité.
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  • 18
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264273504
    Language: English
    Pages: Online-Ressource (84 p.) , ill.
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Échanges, investissement et développement ; Pour la cohérence des politiques
    Parallel Title: Parallelausg. Échanges, investissement et développement : Pour la cohérence des politiques
    RVK:
    Keywords: Finance and Investment ; Development ; Trade ; OECD ; Entwicklungspolitik
    Abstract: The development process can advance more rapidly than ever before in the new global economy. While opening their economies to trade and investment is a necessary condition for developing countries to achieve sustained high growth and reduce poverty, it is by no means a sufficient condition. Initiating a sustainable dynamic growth requires sound, market-oriented economic policies; appropriate social policy frameworks, including strong investment in human capital and adequate social safety-nets; and good governance. But, as shown by the Asian financial crisis, weaknesses in any of these basic foundations make even successful developing economies vulnerable to crisis. OECD countries have a pivotal role to play in facilitating developing countries' efforts to fully exploit the benefits of open trade and investment. The key objective of this report is to identify how OECD countries can promote policy coherence by improving the framework for international investment and capital flows; addressing environmental concerns; facilitating participation of developing countries in the global information society; and enhancing the coherence of development co-operation policies. To be successful, policy coherence implies the broader agenda of consciously taking account of the needs and interests of developing countries in order for them to be effective rather than vulnerable and marginal players in the global economy.
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  • 19
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264274020
    Language: French
    Pages: Online-Ressource (180 p.) , ill.
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Post-Uruguay Round Tariff Regimes; Achievements and Outlook
    Parallel Title: Parallelausg. Post-Uruguay Round Tariff Regimes: Achievements and Outlook
    Keywords: Trade
    Abstract: La réduction massive des droits de douane et l’adoption de tarifs non discriminatoires comme principal moyen de protection commerciale constituent deux des succès les plus marquants de la diplomatie commerciale de l'après-guerre et des négociations multilatérales menées sous les auspices du GATT (devenu l’OMC). Le sommet de Seattle, qui réunira fin novembre 1999 des dirigeants du monde entier, offre une occasion nouvelle de poursuivre le démantèlement des barrières tarifaires. Ce livre donne aux participants un outil indispensable pour formuler leurs objectifs et stratégies de négociation dans le domaine des droits de douane. Il fournit aussi aux analystes les données clés nécessaires pour concevoir des scénarios de négociation et évaluer leurs effets respectifs sur les échanges, l’emploi et la croissance. Enfin, il permettra à toutes les personnes qui étudient le commerce international de consulter, sans avoir à faire de longues recherches, des données complètes, détaillées et comparables sur les tarifs, et de les appliquer directement aux questions que suscitent les politiques dans ce domaine.
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  • 20
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264180000
    Language: English
    Pages: Online-Ressource (96 p.)
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Échanges et concurrence ; Quelles politiques pour demain ?
    Parallel Title: Parallelausg. Échanges et concurrence : Quelles politiques pour demain ?
    RVK:
    Keywords: Governance ; Trade ; Außenwirtschaftspolitik ; Wettbewerbspolitik
    Abstract: The links between trade policy and competition policy have become more important in recent years. With tariff reductions, trade negotiators are looking increasingly at non-border policies that distort trade and at non-governmental barriers to trade. And, as official barriers to trade and investment fall, firms may have a greater incentive to engage in anti-competitive conduct to protect markets. Hence the need for coherent trade and competition policies. Trade and competition policies each seek to improve the allocation of resources; they complement and reinforce each other. These papers from the OECD Joint Group on Trade and competition examine aspects of those complementarities and relationships and in so doing draw on the OECD’s capacity to analyse questions in a multidisciplinary way. This book -- which includes a whole chapter on the telecommunications sector -- throws new light on all these issues in the lead up to the WTO's new round of negotiations. But whatever the outcome of Seattle, the questions raised in this volume will remain relevant.
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  • 21
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264274235
    Language: French
    Pages: Online-Ressource (92 p.) , ill.
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Trade, Investment and Development; Policy Coherence Matters
    Parallel Title: Parallelausg. Trade, Investment and Development: Policy Coherence Matters
    Keywords: Finance and Investment ; Development ; Trade
    Abstract: Le développement devrait pouvoir progresser plus rapidement que jamais dans la nouvelle économie mondiale. Si l'ouverture des économies en développement aux échanges et à l'investissement est une condition nécessaire pour instaurer une croissance élevée et durable en participant à l’économie mondiale, ce n’est en aucun cas une condition suffisante. Enclencher une dynamique de croissance durable requiert des politiques économiques saines et obéissant aux principes du marché, des politiques sociales d'accompagnement adaptées, ainsi qu'une bonne gestion des affaires publiques. Mais comme l'a démontré la crise financière asiatique, des carences dans ces trois domaines peuvent fragiliser des économies en développement même très performantes. Les pays de l'OCDE ont un rôle central à jouer pour faciliter les efforts que mènent les pays en développement pour tirer parti de tous les avantages de l'ouverture aux échanges et à l'investissement. Le principal objectif de cette étude est de déterminer comment les pays de l'OCDE peuvent promouvoir la cohérence des politiques en : améliorant le cadre dans lequel s'inscrivent les flux internationaux d'investissement et de capitaux ; en prenant en compte les préoccupations environnementales ; et en facilitant la participation des pays en développement à la société mondiale de l'information. Pour être couronnée de succès, il est nécessaire que la cohérence des politiques prenne délibérément en compte les besoins et les intérêts des pays en développement, afin d'en faire des acteurs de l'économie mondial efficaces, plutôt que vulnérables et marginaux. Pour en savoir plus Echanges, investissement et développement : Optimiser les bénéfices de l'ouverture des marchés
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  • 22
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264174023
    Language: English
    Pages: Online-Ressource (176 p.) , ill.
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Les régimes douaniers après l'Uruguay Round ; Bilan et perspectives
    Parallel Title: Parallelausg. Les régimes douaniers après l'Uruguay Round : Bilan et perspectives
    RVK:
    Keywords: Trade ; Uruguay Round of Multilateral Trade Negotiations ; Handelshemmnis ; Außenwirtschaftspolitik ; Zollpolitik ; Außenhandel ; Liberalisierung ; Internationaler Vergleich
    Abstract: Two of the most significant success stories of post-war trade diplomacy and multilateral trade negotiations that have occurred under the auspices of the GATT (now the WTO) have been the massive reductions in tariffs, and the establishment of non-discriminatory tariffs as the principal means of trade protection. When leaders from around the world gather in Seattle, Washington at the end of November 1999, a fresh opportunity to continue dismantling tariff barriers will present itself. This book provides trade negotiators with an indispensable tool that will help them formulate their negotiating objectives and strategies in the area of tariffs; it also provides policy analysts with key data that are necessary to define negotiating scenarios and to impute the corresponding impact on trade, employment and growth. Finally, students of international trade will no longer need to labour over obtaining comprehensive, detailed, and comparable tariff-line data and could proceed to apply these to policy issues and options.
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  • 23
    ISBN: 9789264273306
    Language: French
    Pages: Online-Ressource (60 p)
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Trade, Investment and Development; Reaping the Full Benefits of Open Markets
    Parallel Title: Parallelausg. Trade, Investment and Development: Reaping the Full Benefits of Open Markets
    Keywords: Finance and Investment ; Development ; Trade
    Abstract: Les économies en développement et en transition s'efforcent d'accélérer leur développement en libéralisant leurs échanges et leurs investissements, et en saisissant les opportunités offertes par l'économie mondiale. A la suite des crises financières récentes, la crainte a cependant été exprimée que certains pays se détournent de la libéralisation des échanges et de l'investissement. En fait, la plupart des pays touchés par la crise continuent de libéraliser échanges et leurs investissements, en quoi ils voient une solution, et non une cause de la crise. Cette étude examine les avantages et les enjeux de la libéralisation des échanges et de l'investissement pour le développement, en s'appuyant sur les expériences menées par des économies de différentes régions du monde. L'expérience montre que l'ouverture des marchés et de l'investissement a été bénéfique lorsqu'elle s'est accompagnée d'un ensemble cohérent de mesures macroéconomiques et structurelles conçues pour stimuler la croissance, d'un renforcement des capacités, d'une politique sociale appropriée, et d'une bonne gestion des affaires publiques. Qui plus est, des pays comme la Corée ou le Mexique, qui ont opposé à la crise économique la libéralisation et les réformes structurelles, en ont tiré des résultats positifs. Un nouveau cycle de négociations commerciales multilatérales est donc d'un intérêt vital pour tous les pays -- développés, en développement ou en transition -- pour préparer l'économie mondiale du XXIe siècle. Pour en savoir plus Echanges, investissement et développement : Pour la cohérence des politiques
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  • 24
    Language: Dutch
    Pages: 1 electronic resource (110 p.)
    Keywords: Economics
    Abstract: De serie 'Werkdocumenten' omvat stukken die in het kader van de werkzaamheden van de WRR tot stand zijn gekomen en die op aanvraag door de raad beschikbaar worden gesteld. De verantwoordelijkheid voor de inhoud en de ingenomen standpunten berust bij de auteurs
    Abstract: Economics
    Note: Dutch
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  • 25
    Online Resource
    Online Resource
    Paris : OECD Publishing.
    Language: French
    Pages: 1 Online-Ressource
    Series Statement: Perspectives économiques de l'OCDE : statistiques et projections
    Parallel Title: Parallele Sprachausgabe OECD Economic Outlook No. 65 (Edition 1999/1)
    Keywords: Economics
    Abstract: La base de données des Perspectives économiques de l'OCDE contient des données rétrospectives et des projections pour un éventail de statistiques économiques, telles que : demande et produit intérieur brut (PIB), déflateurs et prix, comptes des administrations publiques, secteur des ménages et des entreprises, marché du travail, données financières, commerce extérieur, balance des paiements, bloc d'offre et marché du pétrole et autres matières premières.
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  • 26
    Online Resource
    Online Resource
    Paris : OECD Publishing.
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: OECD Economic Outlook: Statistics and Projections
    Parallel Title: Parallele Sprachausgabe Perspectives économiques de l'OCDE No. 65 (Édition 1999/1)
    Keywords: Economics
    Abstract: The OECD Economic Outlook online database provides historical trends and future projections for a range of economic statistics. These include demand and gross domestic product (GDP), deflators and prices, general government accounts, households and business sectors, labour market, financial data, foreign exchange market, balance of payments, supply block, oil market and other raw materials.
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  • 27
    Online Resource
    Online Resource
    Paris : OECD Publishing.
    Language: French
    Pages: 1 Online-Ressource
    Series Statement: Perspectives économiques de l'OCDE : statistiques et projections
    Parallel Title: Parallele Sprachausgabe OECD Economic Outlook No. 66 (Edition 1999/2)
    Keywords: Economics
    Abstract: La base de données des Perspectives économiques de l'OCDE contient des données rétrospectives et des projections pour un éventail de statistiques économiques, telles que : demande et produit intérieur brut (PIB), déflateurs et prix, comptes des administrations publiques, secteur des ménages et des entreprises, marché du travail, données financières, commerce extérieur, balance des paiements, bloc d'offre et marché du pétrole et autres matières premières.
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  • 28
    Online Resource
    Online Resource
    Paris : OECD Publishing.
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: OECD Economic Outlook: Statistics and Projections
    Parallel Title: Parallele Sprachausgabe Perspectives économiques de l'OCDE No. 66 (Édition 1999/2)
    Keywords: Economics
    Abstract: The OECD Economic Outlook online database provides historical trends and future projections for a range of economic statistics. These include demand and gross domestic product (GDP), deflators and prices, general government accounts, households and business sectors, labour market, financial data, foreign exchange market, balance of payments, supply block, oil market and other raw materials.
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  • 29
    ISBN: 9789264467286
    Language: Spanish
    Pages: Online-Ressource (204 p.) , ill.
    Parallel Title: Parallelausg. OECD Economic Surveys; Mexico 1999
    Parallel Title: Parallelausg. Études économiques de l'OCDE ; Mexique 1999
    Parallel Title: Parallelausg. OECD Economic Surveys: Mexico 1999
    Parallel Title: Parallelausg. Études économiques de l'OCDE : Mexique 1999
    Keywords: Economics ; Mexico
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  • 30
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264172609
    Language: English
    Pages: Online-Ressource (216 p.) , ill.
    Parallel Title: Parallelausg. UEM ; Faits, défis et politiques
    Parallel Title: Parallelausg. UEM : Faits, défis et politiques
    Keywords: Finance and Investment ; Economics
    Abstract: The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic entity and has analysed the intensive preparations that led to the single currency, as well as the economic issues raised by its introduction. Despite the macroeconomic convergence already achieved and the institutional framework that has been established, the fact is that many uncertainties remain. An approach to co-ordinating monetary and budgetary policies that is up to the issues at stake has still to be fully defined. And the euro area's ability to absorb economic shocks must be assessed and strengthened. In this respect it is vital for labour markets to become more flexible and adaptable if they are to compensate for the loss of national monetary autonomy which EMU implies and if adjustment is not to be at the expense of jobs. A special chapter discusses the obstacles to geographic labour mobility and the rigidity of wage setting mechanisms. These are some of the challenges that must be faced in the years to come, and this study discusses them in the light of the most penetrating and informative analysis today’s economists can provide. It does not prescribe set remedies, but drawing on analyses and figures never published before, attempts to identify the best policies for ensuring the success of the monetary union. This is a complex study that takes a hard look at the issues and will be of great interest to anyone wishing to understand the economic mechanisms at work.
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  • 31
    ISBN: 9789264272606
    Language: French
    Pages: Online-Ressource (238 p.) , ill.
    Parallel Title: Parallelausg. EMU; Facts, Challenges and Policies
    Parallel Title: Parallelausg. EMU: Facts, Challenges and Policies
    Keywords: Finance and Investment ; Economics
    Abstract: Le lancement de l'euro jette les bases d'une intégration économique sans précédent rassemblant 11 pays, 16 % du PIB mondial et 290 millions d'habitants. Pour la première fois l'OCDE étudie la « zone euro » comme une entité à part entière et analyse la préparation minutieuse qui a mené à la monnaie unique ainsi que les enjeux soulevés par son introduction. La convergence macro-économique déjà réalisée et le cadre institutionnel désormais en place ne doivent pas faire oublier qu'il subsiste nombre d'incertitudes.Une articulation des politiques monétaire et budgétaire qui soit à la hauteur des enjeux reste à définir. La capacité de l'UEM à absorber les chocs économiques doit en outre être revue et renforcée. Plus particulièrement, une flexibilité accrue du marché du travail apparaît primordiale afin de compenser la perte d'autonomie monétaire qu'implique la participation à l'UEM et ainsi éviter que les ajustements ne s'effectuent davantage au détriment de l'emploi. Un chapitre spécial de cet ouvrage aborde les obstacles que constituent encore le manque de mobilité des travailleurs et la trop grande rigidité des modes de fixation des salaires. Les enjeux des années à venir résident dans ces questions, et cet ouvrage les aborde à la lumière des analyses les plus éclairantes que permet la réflexion économique contemporaine. Sa vocation n'est pas de donner des recettes figées, mais plutôt de dégager, sur la base d'analyses et de chiffres inédits, les lignes d'action les plus favorables au succès de l'union monétaire. Une lecture exigeante et sans complaisance, qui s'adresse à tous ceux qui souhaitent comprendre les mécanismes économiques à l'oeuvre.
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  • 32
    Language: English
    Pages: 64 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.215
    Keywords: Economics ; Greece
    Abstract: Without further reforms, pay-as-you-go pension systems throughout most of continental Europe face unsustainable financial imbalances as their population ages. Though this paper describes the Greek pension system, which will face especially severe financial strains, it sheds light on the pension problems of other continental European countries, as these countries’ systems share many common features. The main focus of the paper is on the factors of the Greek pay-as-you-go system which result in its future unsustainability. Exacerbating the deteriorating demographics, the system is characterised by very generous pensions relative to contributions for the pre-1993 generation of workers, as well as other incentives/provisions to retire early. To highlight these facets, the study provides simulations of the generosity of different categories of individual pensions under different scenarios as well as projections of aggregate pension expenditures and revenues. It concludes with options ...
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  • 33
    ISBN: 9789264274013
    Language: French
    Pages: Online-Ressource (224 p.)
    Parallel Title: Parallelausg. The Future of the Global Economy; Towards a Long Boom?
    Parallel Title: Parallelausg. Die Weltwirtschaft von morgen; Ein neues goldenes Zeitalter ?
    Parallel Title: Parallelausg. O Futuro da Economia Global; Rumo a uma expansao duradoura?
    Parallel Title: Parallelausg. The Future of the Global Economy: Towards a Long Boom?
    Parallel Title: Parallelausg. Die Weltwirtschaft von morgen: Ein neues goldenes Zeitalter ?
    Parallel Title: Parallelausg. O Futuro da Economia Global: Rumo a uma expansao duradoura?
    Keywords: Finance and Investment ; Economics ; Industry and Services
    Abstract: Les puissantes forces de changement qui convergent en cette fin de XXe siècle pourraient jeter les bases d'un essor économique durable pour les décennies à venir. La transition vers une société fondée sur le savoir pourrait générer de prodigieux gains de productivité. L'intégration des marchés mondiaux des biens, des services, du capital et de la technologie s'approfondit constamment. Et l'affirmation croissante d'une véritable conscience environnementale pourrait accélérer le passage à des modes de production et de consommation ménageant davantage les ressources. Il pourrait en résulter plusieurs décennies de croissance économique plus soutenue, des gains substantiels de revenus et de richesse, ainsi qu'une amélioration significative du bien-être à travers le monde.Mais comment libérer toute la dynamique de ces forces ? Toute une série d'initiatives sera nécessaire pour établir les règles et les cadres permettant de passer à une économie du savoir mondiale et durable. Mais par dessus tout les décideurs, que ce soit au niveau des gouvernements, des entreprises ou de la société en général, devront faire des efforts extraordinaires pour encourager l'innovation permanente, la créativité et des niveaux élevés d'investissement, tout en donnant l'impulsion à des approches novatrices qui accroissent la coopération internationale et favorisent la mise en place d'institutions efficaces. Même s'il est inévitable que les bénéfices diffèrent selon les pays, les capacités de création de richesses libérées par ce nouvel essor économique offrent une occasion unique d'inverser la tendance à l'accroissement des inégalités et de l'exclusion qui a marqué les dernières décennies.Ce livre s'appuie sur l'analyse des forces économiques et sociales à l'oeuvre dans le monde d'aujourd'hui, pour évaluer la probabilité d'un nouvel essor économique dans les premières décennies du XXIe siècle et mettre en lumière les politiques stratégiques indispensables pour en faire une réalité.Pour en savoir plus Les technologies du XXIe siècle : Promesses et périls d’un futur dynamique.
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  • 34
    Language: English
    Pages: 31 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.211
    Keywords: Economics
    Abstract: This paper summarises key points of the recent extensive discussion of the factors behind the volatility of cross-border capital flows in emerging market countries and possible corrective measures. The root cause of the recent volatility of capital flows seems to have been excessive credit and currency risk-taking by banks, which in turn was related to moral hazard problems, failure of prudential regulations and bank supervision, and weak effective standards of financial disclosure. Macroeconomic factors also played a role, with a widening deficit on the balance of payments and fixed (or predictable) exchange rates gradually undermining confidence of creditors and investors. Liquidity problems may have amplified the reaction to adverse news, and herd behaviour and contagion may also have exaggerated reaction to changing fundamentals and transmitted crises from one country to another. Capital controls, which have been extensively used in emerging market countries, may not be very ...
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  • 35
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 107 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.202
    Keywords: Economics
    Abstract: This paper examines the main determinants of the decision to retire from the labour market in OECD countries, and in particular the role of social security systems in driving down the labour-force participation rate of older people in recent decades. It demonstrates that old-age pension systems in virtually all OECD countries in the mid-1990s made it financially unattractive to work after the age of 55, and the implicit tax on continued work has risen strongly since the 1960s in most countries. Financial disincentives to continued work have been amplified by various de facto early-retirement programmes, including unemployment-related and disability schemes. Pooled cross-country time-series regressions show that increased disincentives to work at older ages have contributed significantly to the drop in labour-force participation rates of older males, but also demonstrate that the deterioration of labourmarket conditions in many countries has played a significant role as well ...
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  • 36
    ISBN: 9789264273160
    Language: French
    Pages: Online-Ressource (192 p.) , ill.
    Parallel Title: Parallelausg. Energy; The Next Fifty Years
    Parallel Title: Parallelausg. Energy: The Next Fifty Years
    Keywords: Energy ; Environment ; Economics
    Abstract: Les combustibles fossiles vont-ils rester longtemps la source d'énergie prédominante ? L'énergie nucléaire a-t-elle un avenir ? Quelles technologies énergétiques se profilent à l'horizon ? Quelles sont les implications du rôle grandissant joué par les pays en développement en tant que producteurs et consommateurs d'énergie ? Comment évitera-t-on à l’avenir les crises énergétiques internationales ? Quelle influence la société de l'information aura-t-elle sur les modes de production et de consommation d'énergie ? Enfin, quelles conséquences les accords internationaux de protection de l'environnement destinés à assurer un avenir énergétique durable auront-ils à long terme ? Les efforts tendant à assurer des ressources énergétiques durables entrent aujourd’hui dans une phase décisive. A l'horizon 2050, le paysage énergétique pourrait être complètement bouleversé. On disposera d’une palette de sources d'énergie classiques et nouvelles très diversifiée. Les systèmes de transport, le logement et les autres infrastructures atteindront sans doute des niveaux sans précédent d'efficacité énergétique. Et les populations pourront enfin bénéficier de modes de vie respectueux de l'environnement. Des décennies seront toutefois nécessaires pour parvenir à une utilisation durable de l'énergie. Cet ouvrage passe en revue les choix qui façonneront la scène énergétique au cours des cinquante prochaines années et analyse certaines des questions clés -- d'ordre économique, social, technologique ou écologique -- auxquelles les décideurs publics et privés doivent s'attaquer sans tarder.
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  • 37
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 33 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.223
    Keywords: Economics
    Abstract: In a new and changing environment for monetary policy, an interesting issue to examine is the use of financial market indicators by monetary policy authorities. With this in mind, the OECD canvassed a number of major central banks to get their views. This paper presents a synthesis of the responses and respects the confidentiality of individual central banks. Its main conclusions are as follows. In principle, financial market variables can provide additional information regarding the shocks that strike the economy, such as their perceived size and source as well as the process of feeding through the economy. A complementary function is to gauge market anticipations and reactions to policy changes, including the credibility of policy objectives. Regarding policy setting, monetary authorities are clearly aware of the dangers of mechanically targeting this information, which could lead to circularities. However, in some cases, they seem to find financial market indicators useful in ...
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  • 38
    ISBN: 9789264174467
    Language: English
    Pages: Online-Ressource (196 p.)
    Keywords: Economics ; Industry and Services
    Abstract: This publication provides a detailed description of the Sources and Methods which were used in the compilation of the quantitative indicators published in the now discontinued quarterly Indicators of Industrial Activity, which was a unique source of short-term industrial statistics broken down by industrial sectors in OECD member countries. The indicators selected are indices of output, deliveries, new orders, unfilled orders, producer prices and employment. The statistics are classified according to the International Standard Industrial Classification (ISIC).
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  • 39
    Language: English
    Pages: 43 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.224
    Keywords: Economics
    Abstract: Problems of unemployment and low pay amongst the low-skilled and those with little work experience are severe in many OECD countries. Employment-conditional schemes are policy instruments designed to increase the employment prospects of the low-skilled as well as to support their living standard. In this paper a simple CGE model is developed to simulate the impact of the introduction of an employmentconditional scheme in four OECD countries. The simulated policy package is graduated on gross earnings with both “phase-in” and “phase-out” regions. The advantage of the CGE approach is to allow assessing the direct and indirect effects of the financing of the policy scheme on both labour demand and supply. The simulations suggest that employment effects on targeted households are significant while the impact on aggregate employment is modest. Furthermore, the cost-effectiveness of the policy package is found to depend crucially on the earnings distribution, the levels of taxes on ...
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  • 40
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 68 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.217
    Keywords: Economics ; Australia
    Abstract: As in other OECD countries Australia’s population is ageing progressively. On unchanged policies, this will increase government outlays for public pensions and health care, causing a deterioration in budget balances, and reduce economic growth (mainly by lowering growth in the labour force). Nevertheless, the prospective deterioration in Australia’s budget finances is much less than in most other OECD countries because the government only provides the first pillar of retirement income arrangements and means tests this age pension. Moreover, superannuation (private pension fund) benefits are growing, reducing entitlements to the age pension. Even so, the budget costs of population ageing could be lowered by reducing the scope for early retirees to draw on superannuation savings and by requiring individuals to prefund part of the costs of long-term aged care. But the greatest challenge facing Australia policy makers in reducing the costs of population ageing is to roll back the trend ...
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  • 41
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 30 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.210
    Keywords: Economics
    Abstract: Different categories of foreign portfolio investors in Korea have differences as well as similarities in their trading behavior before and during the currency crisis. First, non-resident institutional investors are always positive feedback traders, whereas resident investors were negative feedback (contrarian) traders before the crisis but switch to be positive feedback traders during the crisis. Second, individual investors herd significantly more than institutional investors. Non-resident (institutional as well individual) investors herd significantly more than their resident counterparts. Third, differences in the Western and Korean news coverage are correlated with differences in net selling by non-resident investors relative to resident investors ...
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  • 42
    Language: English
    Pages: 46 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.220
    Keywords: Economics
    Abstract: As it takes time and effort to learn how to fully utilise new technology and realise its maximum potential productivity gain, adoption of new technology tends to reduce productivity temporarily, even though the potential productivity gain in the long run outweighs this short run loss. This paper points to such “learning cost” in technology upgrading as a potential explanation of the following two “productivity puzzles” reported in the Information Technology (IT) literature and in the studies of East Asian economic growth. First, in the 1980s, US companies made enormous IT investments, but little productivity gain was observed. Second, Total Factor Productivity (TFP) growth of “Newly Industrialising Countries” (NICs) in East Asia was mediocre in spite of the impressive investment drive in those countries. A simple model of optimal intervals for technology upgrading with learning cost is developed. This model predicts that a company with higher frequency in technology upgrading will tend to have higher market value even with lower current profitability. An empirical study using unbalanced panel data of 1,031 US companies from 1986 to 1995 supports this prediction. Extending the scope from firm-level to industry-level, the paper estimates the magnitude of industry-wide learning-by-doing effects using annual data on 15 sub-industries in the Japanese machinery manufacturing sector from 1955 to 1990. The results show that industry-wide learning-by-doing was strong in low-tech industries where technological change was relatively slow, while it was insignificant in high-tech industries which experienced rapid technological evolution. It is also observed in the US and Japanese manufacturing industries that TFP growth tends to decrease with faster capital accumulation. This negative correlation is reproduced in simulations based on the extended model of learning cost.
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  • 43
    ISBN: 9789264173491
    Language: English
    Pages: Online-Ressource (140 p)
    Keywords: Economics ; Schloss La Muette
    Abstract: La Muette, home of the Organisation for Economic Co-operation and Development, has a long and rich history. This book tells its story from its inception as a royal hunting lodge to its present-day use as the headquarters of the OECD. The reader may find it amusing, and sometimes instructive, to meet some of the colourful characters who once roamed its galleries. The place itself has played a significant role in French history; the Château and its extensive park were once the theatre of many a strong sentiment and the locale is impregnated with memories, comic, tragic, venal, lofty, solemn and ludic. These traces of the past are the real substance of La Muette’s charm; they are also the voices that echo through this text and linger in the halls of the Château.
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  • 44
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 26 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.221
    Keywords: Economics
    Abstract: Widening imbalances in current account positions across some of the major OECD economic areas have raised concerns about related increases in protectionist sentiments. This paper reviews recent trends in market openness indicators and assesses whether barriers to international trade and investment have risen. It finds that tariffs, the most transparent form of protection, have fallen steadily over a long period. Usage of non-tariff barriers also declined up to 1996. But despite these developments most OECD countries continue to highly protect certain sectors such as agriculture. The paper reviews in some depth the incidence, geographical distribution and product composition of anti-dumping initiations, since their use as disguised protection is feared. Against the background of a general decline in direct trade restrictions the paper shows, using a variety of indicators the steady - albeit uneven across sectors and countries - improvement in market openness. The study also examines ...
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  • 45
    ISBN: 9789264074194
    Language: Multiple languages
    Pages: Online-Ressource (180 p.)
    Keywords: Economics
    Abstract: This quarterly publication complements the OECD Main Economic Indicators. It presents a wide range of monthly, quarterly and annual economic indicators covering such topics as industrial production, business surveys, construction, employment, earnings, prices, domestic and foreign finance, interest rates and domestic and foreign trade for the following 18 transition countries: Bulgaria Slovak Republic Kazakstan Tajikistan Estonia Slovenia Kyrgyz Republic Turkmenistan Latvia Armenia Moldova Ukraine Lithuania Azerbaijan Russian Federation Uzbekistan Romania Belarus Included in this issue: Annex on Labour Market Indicators Available on Diskette This supplement is the final edition of the series Short-term Economic Indicators: Transition Economies in the current format. The OECD plans to release a new publication containing a more restricted number of short-term economic indicators for key non-OECD countries on a monthly basis. The new publication is scheduled for release in the first half of 1998.
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  • 46
    ISBN: 9789264172081
    Language: English
    Pages: Online-Ressource (168 p.) , ill.
    Parallel Title: Parallelausg. Les incidences économiques et sociales du commerce électronique ; Résultats préliminaires et programme de recherche
    Parallel Title: Parallelausg. Les incidences économiques et sociales du commerce électronique : Résultats préliminaires et programme de recherche
    Keywords: Science and Technology ; Economics
    Abstract: Though only three years old, electronic commerce over the Internet has the potential to transform the marketplace. E-commerce will change the way business is conducted. Traditional intermediary functions will be replaced, new products and markets will be developed, and new relationships will be created between business and consumers. It will alter the way work is organised and open new channels of knowledge diffusion and human interactivity in the workplace. Workers will need to be more flexible as their functions and skills are redefined. The changes e-commerce will bring are far-reaching. They require new frameworks for doing business and a re-examination of government policies relating to commerce and skills. What is electronic commerce? What is the current state and likely future direction of e-commerce? What are the drivers and what are the inhibitors? What is its impact on costs, prices, and ultimately on economic efficiency? How is it affecting intermediaries? How do firms compete in the electronic environment? What market structure is likely to emerge? What is the impact on jobs? What types of skills will be needed? What major societal transformations will it entail? The full impact of e-commerce remains to be seen. This book begins to address these questions and provides a ground-breaking assessment of the economic and social impacts of electronic commerce and its effects on jobs by drawing on existing qualitative and quantitative evidence. This early analysis of an extremely dynamic activity identifies a number of areas where research is urgently needed and serves as the basis for an informed policy debate.
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  • 47
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264173163
    Language: English
    Pages: Online-Ressource (164 p.) , ill.
    Parallel Title: Parallelausg. Énergie ; les cinquante prochaines années
    Parallel Title: Parallelausg. Énergie : les cinquante prochaines années
    Keywords: Energy ; Environment ; Economics
    Abstract: How long will conventional fossil fuels remain the predominant source of energy? Does nuclear power have a future? What new energy technologies are emerging on the horizon? What are the implications of the growing role played by developing countries as producers and users of energy? What can be done to avoid international energy crises in the future? How will the information society affect the production and use of energy? And what will be the long-term implications of international environmental agreements for a sustainable energy future? Endeavours to set world energy on a sustainable footing are entering a critical phase. By 2050 the energy landscape could be completely transformed. A highly diversified mix of conventional and new fuels will be in use; unprecedented levels of energy efficiency in transport systems, housing and other infrastructures will likely have been attained; and people could at last be reaping the rewards of environmentally responsible lifestyles. But such a shift towards sustainable use of energy will take decades to achieve. This book reviews the options likely to shape the energy picture over the next half-century, and assesses some of the key issues -- economic, social, technological, environmental -- that decision-makers in government and corporations will need to address in the very near future.
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  • 48
    Language: English
    Pages: 28 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.209
    Keywords: Economics ; Germany
    Abstract: In Germany fiscal relations between the various levels of government have come to the fore of the policy debate. In practice the federal fiscal set-up has evolved towards consensus and co-operation, where equalisation of living standards takes precedence over public choice and economic incentives. Shared taxes and the low reliance on own taxes make for a relatively inefficient control over public spending. At the same time, the system may be criticised for not achieving economic convergence among the states. The difference in regional living standards is smaller than in some other economies, but the revenue equalisation system offers no incentives to expand the tax base and may even promote tax avoidance. Greater dynamism could be achieved with a less confiscatory equalisation system and a higher degree of tax autonomy and both of these should form part of any balanced tax and expenditure reform ...
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  • 49
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 58 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.222
    Keywords: Economics ; Switzerland
    Abstract: There have been a number of tax reforms in Switzerland in recent years aimed at enhancing economic efficiency and equity. This paper sets these reforms in the context of the forces shaping tax policy in Switzerland and the main features of the Swiss tax system and suggests areas where further reforms could be beneficial. These include applying more equal tax treatment to different forms of savings, moving to a flat-rate tax on corporate profits in all cantons and making greater use of environmental taxes. It is recognised that Switzerland’s highly decentralised federal structure and system of direct democracy can slow reforms, although these features also increase the legitimacy of reforms, reducing the risk of policy reversals ...
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  • 50
    Language: English
    Pages: 62 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.225
    Keywords: Economics ; Sweden
    Abstract: The Swedish universal welfare model relies on a high tax level to finance a variety of transfers to the workingage population both in the form of income replacements and income supplements and as services for health-, child- and elderly care. The available evidence, reviewed in this Working Paper, indicates that the system has powerful redistributive properties. However, the efficiency costs of the system are substantial. Taxes and benefits combine to face income earners with high effective tax rates and the unemployed with little reward from moving into employment, resulting in a declining intensity in the utilisation of labour. A complex tax code arising out of a significant difference in tax rates for labour and capital income impedes the establishment and expansion of enterprises. An internationally-high taxation of capital income acts as an impediment to savings and the development of the domestic market for risk capital. To these domestic distortions has to be added the ...
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  • 51
    ISBN: 9789264272088
    Language: French
    Pages: Online-Ressource (188 p.) , ill.
    Parallel Title: Parallelausg. The Economic and Social Impact of Electronic Commerce; Preliminary Findings and Research Agenda
    Parallel Title: Parallelausg. The Economic and Social Impact of Electronic Commerce: Preliminary Findings and Research Agenda
    Keywords: Science and Technology ; Economics
    Abstract: Le commerce électronique sur Internet est apparu il y a seulement trois ans, mais il est porteur de transformations radicales de l'espace marchand. Il va modifier la façon dont l'activité économique est conduite. Les fonctions traditionnelles des intermédiaires vont être remplacées, des produits et marchés nouveaux vont se développer, et des relations nouvelles vont se nouer entre les entreprises et les consommateurs. L'organisation du travail s'en trouvera modifiée et de nouveaux canaux de diffusion du savoir et des échanges interpersonnels sur le lieu de travail vont se créer. Les fonctions et les qualifications des travailleurs se redéfinissant, ces derniers devront faire preuve de plus de flexibilité et d'adaptabilité. Les changements induits par le commerce électronique ont une portée considérable. Ils exigent de nouveaux cadres pour la conduite des transactions commerciales ainsi qu'un réexamen des politiques gouvernementales à l'égard du commerce et des qualifications. Qu'est-ce que le commerce électronique ? Quelle est la situation actuelle du commerce électronique et comment devrait-elle évoluer à l'avenir ? Quels sont les facteurs qui stimulent son développement et quels sont ceux qui le freinent ? Quelle est son incidence sur les coûts, les prix et, au bout du compte, l'efficience économique ? Dans quelle mesure affecte-t-il les intermédiaires ? A quelle concurrence les entreprises se livrent-elles dans l'environnement électronique ? Quelle structure de marché devrait voir le jour ? Quelles sont les répercussions sur l'emploi ? Quels types de qualifications seront nécessaires ? Quelles transformations sociales de fond le commerce électronique va-t-il entraîner ? L'impact réel du commerce électronique reste à élucider. Ce livre fait oeuvre de pionnier en s'appuyant sur les données qualitatives et quantitatives existantes pour offrir la première évaluation des répercussions du commerce électronique et de ses effets sur l'emploi. Cette analyse précoce d'une activité extrêmement dynamique révèle les domaines auxquels il est urgent de consacrer des travaux de recherche et permet d'éclairer le débat sur les mesures à prendre.
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  • 52
    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.213
    Keywords: Economics
    Abstract: In this paper, we present estimates of the mark-up of product price over marginal costs for the US manufacturing industries over the 1970-1992 period. The paper extends the analysis used in previous studies based on nominal productivity residuals by considering intermediate inputs and cyclical fluctuations of price margins. The estimated steady-state mark-ups are positive but moderate, generally in the range of 10-20 per cent. The results also support the hypothesis of countercyclical price margins in most manufacturing industries, especially in the presence of downward rigidities of labour inputs. This offers an appealing interpretation of the otherwise puzzling procyclicality of real wages and enables to better estimate TFP. We also discuss the role of market structures on the levels and cyclicality of mark-ups. Finally, we compare the results for the United States with those of the other G-5 countries and distinguish between fragmented and segmented industries. The latter ...
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  • 53
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 80 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.212
    Keywords: Economics
    Abstract: This study examines the dynamics of poverty for four OECD countries (Canada, Germany, the United Kingdom and the United States). It provides information on patterns of poverty, which groups stay in poverty the longest, and household/individual characteristics and life-course events which appear to be most closely associated with transitions into and out of poverty and the length of time individuals stay in poverty. The analysis finds that the number of people touched by poverty over a six year period is significantly larger that the poverty rate might suggest, but the share of those staying poor for a long time is much smaller. The data suggest that longer-term poor are concentrated among women, lone parents and older single individuals. The study finds that employment status is the main factor affecting transitions into and out of poverty and the duration of poverty ...
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  • 54
    Language: English
    Pages: 46 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.216
    Keywords: Economics
    Abstract: In this paper, a structural VAR model is estimated for 11 EU countries in order to assess the effect on the government deficit ratio of four independent economic disturbances: supply, fiscal, real private demand and monetary shocks. Based on the estimated distribution of these shocks, stochastic simulations are performed to derive estimates of cyclically-adjusted budget balances that would have to be maintained to avoid breaching the Stability and Growth Pact’s 3 per cent of GDP deficit limit over different time horizons and with varying degrees of confidence. In order to capture the movement in the deficit stemming from automatic stabilisation, fiscal policy shocks are turned off during the simulations. The results suggest that, for the majority of countries, if governments were to aim for a cyclically-adjusted budget deficit between 1.0 and 1.5 per cent of GDP, the actual deficit would, with a 90 per cent likelihood, remain within the 3 per cent limit over a three-year horizon ...
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  • 55
    ISBN: 9789264174016
    Language: English
    Pages: Online-Ressource (200 p.) , ill.
    Parallel Title: Parallelausg. L'économie mondiale de demain ; vers un essor durable ?
    Parallel Title: Parallelausg. Die Weltwirtschaft von morgen; Ein neues goldenes Zeitalter ?
    Parallel Title: Parallelausg. O Futuro da Economia Global; Rumo a uma expansao duradoura?
    Parallel Title: Parallelausg. L'économie mondiale de demain : vers un essor durable ?
    Parallel Title: Parallelausg. Die Weltwirtschaft von morgen: Ein neues goldenes Zeitalter ?
    Parallel Title: Parallelausg. O Futuro da Economia Global: Rumo a uma expansao duradoura?
    Keywords: Finance and Investment ; Economics ; Industry and Services
    Abstract: As the 20th century draws to a close, powerful forces of change are converging that could set the stage for a long, sustained economic boom in the next few decades -- the transition to a knowledge-based society with its potentially huge productivity gains; the emergence of more deeply integrated, global markets for goods, services, capital and technology; and a fast-growing environmental awareness that could greatly accelerate the shift to new, less resource-intensive production and consumption patterns. The result could be several decades of above-average economic growth, substantial increases in income and wealth, and significant improvements in well-being across the world. But what will it take to unleash these dynamic forces? Not only will it call for a range of initiatives to establish the rules and frameworks for guiding the transition to a sustainable global knowledge economy, but above all, it will require exceptional efforts among decision makers in government, business and society at large to encourage continuous innovation, creativity and high levels of investment, and to promote bold new approaches to closer international co-operation and institution building. Inevitably some countries will benefit more than others, but a long boom with all its wealth creating capacity would offer a unique opportunity to reverse the trends of the last decades towards deepening inequality and exclusion. This book reviews the forces driving economic and social change in today's world. It asesses the likelihood of a long boom materialising in the first decades of the 21st century and explores the strategic policies essential for making it happen.
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  • 56
    ISBN: 9789264274242
    Language: French
    Pages: Online-Ressource (280 p.)
    Series Statement: Les systèmes de financement des crédits à l'exportation dans les pays membres et les économies non membres de l'OCDE
    Keywords: Trade
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  • 57
    Language: English
    Pages: 59 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.218
    Keywords: Economics ; Norway
    Abstract: This document examines Norwegian policy on managing natural and environmental resources. These issues, and more generally the challenges of sustainable development, are primary concerns of the authorities in Norway, a country richly endowed with natural resources. Substantial action has been taken, as can be seen in the development of an integrated institutional framework and in the major efforts undertaken to co-ordinate government policies in this area. The investment of a large share of the rent from oil and gas in foreign financial assets should help ensure the inter-generational balance. Norway’s leading role in fostering international co-operation on fisheries and environmental management — where problems often extend beyond national boundaries — also reflects an engagement mindful of the needs of present and future generations. Within the country, the government has succeeded in reducing the emissions of a large number of pollutants. But measures still need to become more ...
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  • 58
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 24 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.219
    Keywords: Economics
    Abstract: This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order to impose common parameters across countries where such restrictions are consistent with the data. A striking feature of the results is that most of the countries accept a common sacrifice ratio ...
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  • 59
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 67 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.214
    Keywords: Economics ; Greece
    Abstract: A successful reform of public enterprises would improve productivity in key sectors of the Greek economy, and thus provide essential inputs at lower cost to the economy as a whole. Reforms would need to address the factors that are responsible for the poor performance of Greek public enterprises. First, labour costs are high and productivity low in international comparisons. Second, there are wide technology gaps between Greece and other OECD countries. Third, Greece’s public enterprises fulfil heavy public service commitments without matching compensation. As a result, prices are often out of line with prices elsewhere. In recognition of the large drag on the economy, as well as the burden on the budget, the Government has embarked on a programme to revitalise inefficient public enterprises. The objective of this paper is to analyse the main issues concerning the public enterprise sector and assess the current policy framework, as well as planned changes to it. First, the key ...
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  • 60
    Book
    Book
    Tübingen : Mohr
    ISBN: 316146821X , 3161468236
    Language: German
    Pages: XXVI, 389 S. , 24 cm
    Series Statement: Gesamtausgabe / Max Weber. Im Auftr. der Kommission für Sozial- und Wirtschaftsgeschichte der Bayerischen Akademie der Wissenschaften hrsg. von Horst Baier ... Teilbd. 5
    Series Statement: Abt. 1, Schriften und Reden
    Series Statement: Bd. 22, Wirtschaft und Gesellschaft : die Wirtschaft und die gesellschaftlichen Ordnungen und Mächte, Nachlaß
    Series Statement: Weber, Max 1864-1920 Schriften und Reden Gesamtausgabe.
    Series Statement: Wirtschaft und Gesellschaft ; Teilbd. 5
    Parallel Title: Erscheint auch als Weber, Max, 1864 - 1920 Max Weber-Gesamtausgabe ; Abteilung 1, Band 22, Teilband 5: Schriften und Reden: Wirtschaft und Gesellschaft: Die Stadt
    Keywords: Economics ; Social institutions ; Stadt ; Gesellschaft ; Wirtschaft ; Geschichte
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  • 61
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Soloaga, Isidro How Has Regionalism in the 1990s Affected Trade?
    Keywords: Andean Pact ; Currencies and Exchange Rates ; Economic Policy ; Economic Theory and Research ; Exports ; Extra-Bloc Trade ; Finance and Financial Sector Development ; Free Trade ; Free Trade ; Free Trade Area ; Geographical Patterns Of Trade ; Gravity Equation ; Gravity Model ; Gravity Models ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Patterns Of Trade ; Preferential Trade ; Preferential Trade Agreements ; Preferential Trade Area ; Public Sector Development ; Regionalism ; Trade ; Trade Diversion ; Trade Effects ; Trade Flows ; Trade Law ; Trade Liberalization ; Trade Policy ; Andean Pact ; Currencies and Exchange Rates ; Economic Policy ; Economic Theory and Research ; Exports ; Extra-Bloc Trade ; Finance and Financial Sector Development ; Free Trade ; Free Trade ; Free Trade Area ; Geographical Patterns Of Trade ; Gravity Equation ; Gravity Model ; Gravity Models ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Patterns Of Trade ; Preferential Trade ; Preferential Trade Agreements ; Preferential Trade Area ; Public Sector Development ; Regionalism ; Trade ; Trade Diversion ; Trade Effects ; Trade Flows ; Trade Law ; Trade Liberalization ; Trade Policy
    Abstract: August 1999 - The results of a modified gravity model suggest that the new wave of regionalism has not boosted intra-bloc trading significantly. Trade liberalization in Latin America did have a positive impact on the imports of bloc members, although MERCOSUR's exports did poorly over the mid-1990s. Soloaga and Winters apply a gravity model to data on annual nonfuel imports for 58 countries for the years 1980-96, to quantify the effects on trade of recently created or revamped preferential trade agreements (PTAs). They modify the usual gravity equation to identify the separate effects of PTAs on intra-bloc trade, members' total imports, and members' total exports. They also formally test the significance of changes in the estimated coefficients before and after the blocs' formation. Their estimates give no indication that the new wave of regionalism boosted intra-bloc trade significantly. They found convincing evidence of trade diversion only for the European Union and the European Free Trade Association. For the same blocs they also observed export diversion, which would be consistent with these blocs' imposing a welfare cost on the rest of the world. Trade liberalization efforts in Latin America have had a positive impact on the imports of bloc members (Andean Group, Central American Common Market, Latin American Integration Association, and MERCOSUR). Increasing propensities to export generally accompanied increasing propensities to import, suggesting that general trade liberalization had a strong effect. The exception was MERCOSUR, for which import and export propensities displayed opposite movements, with exports performing worse than expected over the mid-1990s. Although MERCOSUR members have undoubtedly liberalized since the mid-1980s, these results suggest that their trade performance has been influenced more by competitiveness than by trade policy. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study the effects of regional integration. The authors may be contacted at isoloagaworldbank.org or l.a.winters@sussex.ac.uk
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  • 62
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Wei, Shang-Jin Border, Border, Wide and Far, How We Wonder What You Are
    Keywords: Arbitrage ; Barriers ; Commodity ; Consumer Price Index ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; Exchange ; Exchange Rate ; Exchange Rate Movements ; Exchange Rates ; Finance and Financial Sector Development ; Insurance ; International Market ; International Markets ; International Trade ; Legal Systems ; Local Currencies ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Markets and Market Access ; Power Parity ; Price ; Price Volatility ; Prices ; Private Sector Development ; Purchasing Power ; Trade ; Arbitrage ; Barriers ; Commodity ; Consumer Price Index ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; Exchange ; Exchange Rate ; Exchange Rate Movements ; Exchange Rates ; Finance and Financial Sector Development ; Insurance ; International Market ; International Markets ; International Trade ; Legal Systems ; Local Currencies ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Markets and Market Access ; Power Parity ; Price ; Price Volatility ; Prices ; Private Sector Development ; Purchasing Power ; Trade
    Abstract: November 1999 - Crossing national borders adds significantly to price dispersion. This study of prices in Japan and the United States finds that a substantial part of that border effect is attributable to distance, shipping costs, exchange rates, and relative variability in wages. Parsley and Wei exploit three-dimensional panel data on prices for 27 traded goods, over 88 quarters, across 96 cities in Japan and the United States, to answer several questions: · Does the average exchange rate between countries stray further from zero than that between cities within a country? · Is there any tendency for the average exchange rate to move closer to zero over time? · Does the border narrow over time? · Is there evidence linking changes in the so-called border effect - the extra dispersion in prices between cities in different countries beyond what physical distance could explain - with plausible economic explanations, such as exchange rate variability? The authors present evidence that the intranational real exchange rates are substantially less volatile than the comparable distribution of international relative prices. They also show that an equally weighted average of commodity-level real exchange rates tracks the nominal exchange rate well, suggesting strong evidence of sticky prices. Next they turn to economic explanations for the dynamics of the border effect. Focusing on the dispersion of prices between city pairs, they confirm previous findings that crossing national borders adds significantly to price dispersion. Based on their point estimates, crossing the U.S.-Japan border is equivalent to adding between 2.5 and 13 million miles to the cross-country volatility of relative prices. They infer that distance, exchange rates, shipping costs, and relative variability in wages influence the border effect. After those variables are controlled for, the border effect disappears. This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to understand international capital flows. The authors may be contacted at david.parsleyowen.vanderbilt.edu or swei@worldbank.org
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  • 63
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Martin, Will The Effect of the United States' Granting Most Favored Nation Status to Vietnam
    Keywords: Agribusiness and Markets ; Agricultural Commodities ; Apparel ; Currencies and Exchange Rates ; Economic Theory and Research ; Export Competitiveness ; Exporters ; Exports ; Finance and Financial Sector Development ; Food and Beverage Industry ; Free Trade ; General Equilibrium Model ; High Tariffs ; Industry ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market Access ; Metal Products ; Public Sector Development ; Rural Development ; Tariff ; Tariff Data ; Tariff Rates ; Tariff Schedule ; Tariffs ; Terms Of Trade ; Trade ; Trade Liberalization ; Trade Patterns ; Trade Policy ; Welfare Gains ; World Trade ; World Trade Organization ; Agribusiness and Markets ; Agricultural Commodities ; Apparel ; Currencies and Exchange Rates ; Economic Theory and Research ; Export Competitiveness ; Exporters ; Exports ; Finance and Financial Sector Development ; Food and Beverage Industry ; Free Trade ; General Equilibrium Model ; High Tariffs ; Industry ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market Access ; Metal Products ; Public Sector Development ; Rural Development ; Tariff ; Tariff Data ; Tariff Rates ; Tariff Schedule ; Tariffs ; Terms Of Trade ; Trade ; Trade Liberalization ; Trade Patterns ; Trade Policy ; Welfare Gains ; World Trade ; World Trade Organization
    Abstract: November 1999 - If the United States grants Vietnam most favored nation status, both countries would benefit. Vietnamese exports to the United States would more than double, and Vietnam would gain substantial welfare benefits from improved market access and increased availability of imports. For the United States, lowering the current high tariffs against Vietnam would improve welfare by reducing costly diversion away from Vietnamese products. Since the U.S. embargo on trade with Vietnam was lifted in 1994, exports from Vietnam to the United States have risen dramatically. However, Vietnam remains one of the few countries to which the United States has not yet granted most favored nation (MFN) status. The general tariff rates that the United States imposes average 35 percent compared with 4.9 percent for the MFN rate. Granting MFN status to Vietnam would improve its terms of trade and help improve the efficiency of resource allocation in the country. Better access to the U.S. market would increase the volume of Vietnamese exports to the United States and the prices received for them while also reducing their costs to U.S. users. Fukase and Martin use a computable general equilibrium model to examine the effects of reducing U.S. tariffs on Vietnamese imports from general rates to MFN rates. They estimate tariff changes using the U.S. tariff schedule for 1997 weighted by Vietnam's exports to the United States. The results suggest that after a change to MFN status for Vietnam, its exports to the United States would more than double, from the 1996 baseline of
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  • 64
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (22 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Dasgupta, Susmita Opportunities for Improving Environmental Compliance in Mexico
    Keywords: Economics ; Economies ; Emissions ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Information ; Environmental Management ; Environmental Performance ; Environmental Quality ; Environmental Regulations ; Information ; Metals ; Monitoring ; Options ; Policy Makers ; Polluters ; Pollution ; Pollution Control ; Regulation ; Regulations ; Technology ; Economics ; Economies ; Emissions ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Information ; Environmental Management ; Environmental Performance ; Environmental Quality ; Environmental Regulations ; Information ; Metals ; Monitoring ; Options ; Policy Makers ; Polluters ; Pollution ; Pollution Control ; Regulation ; Regulations ; Technology
    Abstract: One of the main reasons for noncompliant firms' poor environmental performance is the information gap on Mexico's environmental policy. Pollution control could be improved through systematically fuller communication targeted to noncompliant firms - including more environmental education, especially of senior managers. - Survey evidence from Mexico reveals large observed differences in pollution from factories in the same industry, or the same area, or operating under the same regulatory regime. Many factories have adopted significant measures for pollution control and are in compliance with environmental regulations, but some have made little or no such effort. For lack of data, systematic research on the reasons behind such variations in plant-level environmental performance (especially on how impediments to pollution control affect plant behavior) is rare, even in industrial societies. Drawing on a recent plant-level survey of Mexican factories, Dasgupta identifies a number of performance variables characteristic of compliant and noncompliant plants, as well as factors that non-compliant plants perceive to be obstacles to pollution control. Noncompliant firms made less effort than compliant firms to change materials used, to change production processes, or to install end-of-pipe treatment equipment. They had significantly fewer programs to train their general workers in environmental responsibilities. They lagged behind in environmental training, waste management, and transportation training. They received less technical training, especially about the environment, environmental policy and administration, and clean technology and audits. Responses about obstacles to better environmental performance included scarcity of training resources, government bureaucracy, high interest rates, and Mexico's lack of an environmental protection culture. Respondents said that senior managers did not emphasize the environment, assigned more priority to economic considerations, and were not trained in the subject. There were too few suitable programs, training was not recognized, and workers were not interested in the subject. Most important, however, little information was available about Mexico's environmental policy. These findings suggest the importance of technical assistance - especially training and information. In Mexico, the information gap on policy is a major problem. Mexican environmental agencies should invest more in technical assistance and environmental training targeted to noncompliant enterprises. Environmental education, especially of senior managers, could significantly improve pollution control. Maintaining close contact with noncompliant firms, designing programs targeted to them, and pursuing them systemically should increase their responsiveness to regulations. This paper - a product of Infrastructure and Environment, Development Research Group - is part of a larger effort in the group to understand the determinants of environmental performance in developing countries. The study was funded by the Bank's Research Support Budget under the research project The Economics of Industrial Pollution Control in Developing Countries (RPO 680-20). The author may be contacted at sdasguptaworldbank.org
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  • 65
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Venables, Anthony Geographical Disadvantage
    Keywords: Benchmark ; Economic Structures ; Elasticities ; Elasticity ; Exports ; Goods ; High Transport ; Income ; Infrastructure ; Outcomes ; Price Changes ; Prices ; Production ; Theory ; Trade ; Trade Liberalization ; Transport ; Transport ; Transport Costs ; Transport Economics, Policy and Planning ; Variables ; Welfare ; Benchmark ; Economic Structures ; Elasticities ; Elasticity ; Exports ; Goods ; High Transport ; Income ; Infrastructure ; Outcomes ; Price Changes ; Prices ; Production ; Theory ; Trade ; Trade Liberalization ; Transport ; Transport ; Transport Costs ; Transport Economics, Policy and Planning ; Variables ; Welfare
    Abstract: What effect does distance have on costs for economies at different locations? Exports and imports of final and intermediate goods bear transport costs that increase with distance. Production and trade depend on factor endowments and factor intensities as well as on distance and the transport intensities of different goods. - The combination of distance, poor infrastructure, and being landlocked by neighbors with poor infrastructure can make transport costs many times higher for some developing countries than for most others. Drawing on two traditions of economic modeling - Heckscher-Ohlin trade theory and von Thunen's work on the isolated state - Venables and Limão analyze the trade and production patterns of countries located at varying distances from an economic center. Predicting a country's production and trade pattern requires knowledge of the country's location, its factor endowment, and the factor intensities and transport intensities of goods. Venables and Limão define transport intensity and show how location and transport intensity should be combined with factor abundance and factor intensity in determining trade flows. A theory based on only one set of those variables, such as factor abundance, will systematically make incorrect predictions. They report that geography and endowments interact in such a way that the world divides up into economic zones with different trade patterns. Countries close to the economic center may specialize in transport-intensive activities; countries further out become diversified, producing and sometimes trading more goods; countries still further out may become import-substituting (replacing some of their imports from the center with local production); in the extreme, regions become autarkic. More remote locations have lower real incomes. Globalization changes the terms of trade, improving the welfare of regions further out from economic centers, though reducing the welfare of closer regions. Where will a new activity, such as assembly of a new product, locate? Remote locations are disadvantaged if the product has high transport intensity (perhaps because of heavy requirements for intermediate inputs). But the costs of remoteness are already incorporated into the factor prices of those regions, which makes them more attractive. Which location is chosen depends, therefore, on how existing activities compare with the new activity in transport intensity and factor intensity. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study the location of economic activity. The authors may be contacted at avenablesworldbank.org or ngl4@columbia.edu
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  • 66
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kennedy, W. Peter Environmental Policy and Time Consistency
    Keywords: Aggregate Emissions ; Damage Function ; Economics ; Efficiency ; Emission Standards ; Emission Taxes ; Emissions ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Policy ; Forest Management ; ICT Policy and Strategies ; Incentives ; Industry ; Information and Communication Technologies ; Policies ; Policy Instruments ; Pollution ; Pollution Control ; Pollution Management and Control ; Pollution Reduction ; Production ; Technological Change ; Technology ; Technology Adoption ; Technology Industry ; Aggregate Emissions ; Damage Function ; Economics ; Efficiency ; Emission Standards ; Emission Taxes ; Emissions ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Policy ; Forest Management ; ICT Policy and Strategies ; Incentives ; Industry ; Information and Communication Technologies ; Policies ; Policy Instruments ; Pollution ; Pollution Control ; Pollution Management and Control ; Pollution Reduction ; Production ; Technological Change ; Technology ; Technology Adoption ; Technology Industry
    Abstract: May 2000 - As instruments for controlling pollution, how do emissions taxes and emissions trading compare in terms of the incentives they create to adopt cleaner technologies? Emissions taxes may have a slight advantage over emissions trading. Kennedy and Laplante examine policy problems related to the use of emissions taxes and emissions trading, two market-based instruments for controlling pollution by getting regulated firms to adopt cleaner technologies. By attaching an explicit price to emissions, these instruments give firms an incentive to continually reduce their volume of emissions. Command-and-control emissions standards create incentives to adopt cleaner technologies only up to the point where the standards are no longer binding (at which point the shadow price on emissions falls to zero). But the ongoing incentives created by market-based instruments are not necessarily right, either. Time-consistency constraints on the setting of these instruments limit the regulator's ability to set policies that lead to efficiency in adopting technology options. After examining the time-consistency properties of a Pigouvian emissions tax and of emissions trading, Kennedy and Laplante find that: · If damage is linear, efficiency in adopting technologies involves either universal adoption of the new technology or universal retention of the old technology, depending on the cost of adoption. The first-best tax policy and the first-best permit-supply policy are both time-consistent under these conditions. · If damage is strictly convex, efficiency may require partial adoption of the new technology. In this case, the first-best tax policy is not time-consistent and the tax rate must be adjusted after adoption has taken place (ratcheting). Ratcheting will induce an efficient equilibrium if there is a very large number of firms. If there are relatively few firms, ratcheting creates too many incentives to adopt the new technology. · The first-best supply policy is time-consistent if there is a very large number of firms. If there are relatively few firms, the first-best supply policy may not be time-consistent, and the regulator must ratchet the supply of permits. With this policy, there are not enough incentives for firms to adopt the new technology. The results do not strongly favor one policy instrument over the other, but if the point of an emissions trading program is to increase technological efficiency, it is necessary to continually adjust the supply of permits in response to technological change, even when damage is linear. This continual adjustment is not needed for an emissions tax when damage is linear, which may give emissions taxes an advantage over emissions trading. This paper - a product of Infrastructure and Environment, Development Research Group - is part of a larger effort in the group to study the economics of pollution control. Copies of the paper are available free from the World Bank, 1818 H Street NW, Washington, DC 20433. Benoît Laplante may be contacted at blaplanteworldbank.org
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  • 67
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mattoo, Aaditya Should Credit Be Given for Autonomous Liberalization in Multilateral Trade Negotiations?
    Keywords: Currencies and Exchange Rates ; Currency ; Debt Markets ; Dispute Settlement ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Free Trade ; Insurance and Risk Mitigation ; International Economics & Trade ; International Trade and Trade Rules ; Macroeconomics and Economic Growth ; Multilateral Liberalization ; Multilateral Negotiations ; Private Sector Development ; Public Sector Development ; Reciprocal Concessions ; Tariff ; Tariff Reductions ; Tariff Schedule ; Tariffs ; Terms Of Trade ; Terms Of Trade Loss ; Trade ; Trade Liberalization ; Trade Negotiations ; Trade Policy ; Trade Policy ; Unilateral Liberalization ; Unilateral Reduction ; Unilateral Tariff Reduction ; World Trade ; World Trade Organization ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Dispute Settlement ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Free Trade ; Insurance and Risk Mitigation ; International Economics & Trade ; International Trade and Trade Rules ; Macroeconomics and Economic Growth ; Multilateral Liberalization ; Multilateral Negotiations ; Private Sector Development ; Public Sector Development ; Reciprocal Concessions ; Tariff ; Tariff Reductions ; Tariff Schedule ; Tariffs ; Terms Of Trade ; Terms Of Trade Loss ; Trade ; Trade Liberalization ; Trade Negotiations ; Trade Policy ; Trade Policy ; Unilateral Liberalization ; Unilateral Reduction ; Unilateral Tariff Reduction ; World Trade ; World Trade Organization
    Abstract: June 2000 - As each new round of multilateral trade negotiations approaches, there is a demand for a negotiating rule that would give credit for previous unilateral liberalization. The feasibility and desirability of such a rule depend on when it is instituted. As each new round of multilateral trade negotiations approaches, there is a demand for a negotiating rule that would give credit for autonomous (unilateral) liberalization. Mattoo and Olarreaga show that the feasibility and desirability of such a rule depend on when it is instituted. A credit rule established at the beginning of a round of negotiations has a primarily distributional effect, favoring those who have already undertaken liberalization. Implementing such a rule would depend on the generosity of those who have not liberalized. The authors propose instead establishing a credit rule at the end of a round of negotiations, which creates an ex ante assurance that any unilateral liberalization will receive credit in the next round. Such a rule would help induce or enhance liberalization in some countries between negotiating rounds by reducing the gains from retaining protection as negotiating currency. More strikingly, it could also lead to deeper levels of multilateral liberalization and induce other countries to go further than they would in the absence of a rule. Most important, such an ex ante rule would not rely on altruism to be generally acceptable. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to improve trade policy in goods and services. The authors may be contacted at amattooworldbank.org or molarreaga@worldbank.org
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  • 68
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Yeats, J. Alexander Are Partner-Country Statistics Useful for Estimating Missing Trade Data?
    Keywords: Bilateral Trade ; Common Carriers Industry ; Country Strategy and Performance ; Customs ; Customs Union ; Developing Countries ; Development Economics and Aid Effectiveness ; Economic Theory and Research ; Emerging Markets ; Export Processing ; Export Processing Zones ; Export Value ; Exports ; Free Trade ; Free Trade ; Free Trade Agreement ; Import Data ; Import Statistics ; Import Value ; Imports ; Industry ; International Economics ; International Economics & Trade ; International Trade ; International Trade Statistics ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Science and Technology Development ; Statistical and Mathematical Sciences ; Tariffs ; Trade ; Trade Data ; Trade Law ; Trade Policy ; Transport ; Transport Economics, Policy and Planning ; Bilateral Trade ; Common Carriers Industry ; Country Strategy and Performance ; Customs ; Customs Union ; Developing Countries ; Development Economics and Aid Effectiveness ; Economic Theory and Research ; Emerging Markets ; Export Processing ; Export Processing Zones ; Export Value ; Exports ; Free Trade ; Free Trade ; Free Trade Agreement ; Import Data ; Import Statistics ; Import Value ; Imports ; Industry ; International Economics ; International Economics & Trade ; International Trade ; International Trade Statistics ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Science and Technology Development ; Statistical and Mathematical Sciences ; Tariffs ; Trade ; Trade Data ; Trade Law ; Trade Policy ; Transport ; Transport Economics, Policy and Planning
    Abstract: Because many developing countries fail to report trade statistics to the United Nations, there has been an interest in using partner-country data to fill these information gaps. The author used partner-country statistics for 30 developing countries to estimate actual (concealed) trade data and analyzed the magnitude of the resulting errors. The results indicate that partner-country data are unreliable even for estimating trade in broad aggregate product groups such as foodstuffs, fuels, or manufactures. Moreover, tests show that the reliability of partner-country statistics degenerates sharply as one moves to more finely distinguished trade categories (lower-level SITCs). Equally disturbing, about one-quarter of the partner-country comparisons take the wrong sign. That is, one country's reported free-on-board (f.o.b.) exports exceed the reported cost-insurance-freight (c.i.f.) value of partners' imports. Aside from product composition, tests show that partner-country data are equally inaccurate for estimating the direction of trade. Why are partner-country data so unreliable for approximating missing data? Evidence shows: 1) problems in reporting or processing COMTRADE data; 2) valuation differences (f.o.b. versus c.i.f.) for imports and exports; 3) problems relating to entrepot trade, or exports originating in export processing zones; 4) problems associated with exchange-rate changes; 5) intentional or unintentional misclassification of products; 6) efforts to conceal trade data for proprietary reasons; and 7) financial incentives to purposely falsify trade data. The author concludes that efforts to improve the general quality, or availability, of trade statistics using partner-country data holds little or no promise, although this information may be useful in specific cases where the trade statistics of a certain country are known to incorporate major errors. Significant progress in ugrading the accuracy, and coverage, of trade statistics can be achieved only by improving each country's procedures for data collection
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  • 69
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hoekman, Bernard Multilateral Disciplines for Investment-Related Policies
    Keywords: Costs ; Debt Markets ; Economic Theory and Research ; Economics ; Economy ; Emerging Markets ; Expectations ; Exports ; Finance and Financial Sector Development ; Foreign Direct Investment ; Free Trade ; Goods ; Incentives ; International Economics & Trade ; Investment ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Multilateral Trade ; Non Bank Financial Institutions ; Payments ; Positive Externalities ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Risk Averse ; Social Protections and Labor ; Subsidy ; Trade Negotiations ; Trade and Regional Integration ; Transactions Costs ; Value ; Value Added ; WTO ; Welfare ; Costs ; Debt Markets ; Economic Theory and Research ; Economics ; Economy ; Emerging Markets ; Expectations ; Exports ; Finance and Financial Sector Development ; Foreign Direct Investment ; Free Trade ; Goods ; Incentives ; International Economics & Trade ; Investment ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Multilateral Trade ; Non Bank Financial Institutions ; Payments ; Positive Externalities ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Risk Averse ; Social Protections and Labor ; Subsidy ; Trade Negotiations ; Trade and Regional Integration ; Transactions Costs ; Value ; Value Added ; WTO ; Welfare
    Abstract: June 1999 - Is there a strong case for developing countries to support the creation of a multilateral agreement on investment? Probably not. Existing agreements offer ample scope for liberalizing foreign direct investment in the area that matters most to developing countries: services. Hoekman and Saggi evaluate the potential benefits of international disciplines on policies toward foreign direct investment for developing countries. They conclude that the case for initiating negotiations on investment policies is weak, at present. Negotiating efforts that center on further liberalizing market access on a nondiscriminatory basis-especially for services-are likely to be more fruitful in terms of economic welfare and growth. Existing multilateral instruments, although imperfect, are far from fully exploited and provide significant opportunities for governments opening further access to markets. Hoekman and Saggi conclude that priority should be given to expanding coverage of the General Agreement on Trade in Services (GATS) before seeking to negotiate general disciplines on investment policies. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to prepare for the next round of WTO negotiations. The authors may be contacted at bhoekmanworldbank.org or ksaggi @mail.smu.edu
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  • 70
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kubota, Keiko Trade Negotiations in the Presence of Network Externalities
    Keywords: Consumers ; Costs ; Deregulation ; Economic Theory and Research ; Economies Of Scale ; Emerging Markets ; Foreign Competition ; Free Trade ; Free Trade ; Goods ; Government Regulations ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Monopolies ; Monopoly ; Network Externalities ; Payments ; Private Sector Development ; Public Sector Development ; Telecommunications ; Trade ; Trade Law ; Trade Liberalization ; Trade Negotiations ; Trade Policy ; WTO ; Welfare ; Consumers ; Costs ; Deregulation ; Economic Theory and Research ; Economies Of Scale ; Emerging Markets ; Foreign Competition ; Free Trade ; Free Trade ; Goods ; Government Regulations ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Monopolies ; Monopoly ; Network Externalities ; Payments ; Private Sector Development ; Public Sector Development ; Telecommunications ; Trade ; Trade Law ; Trade Liberalization ; Trade Negotiations ; Trade Policy ; WTO ; Welfare
    Abstract: April 2000 - With technology-related goods and services, the presence of network externalities affects a country's willingness to trade. To achieve efficiency gains through worldwide standardization and mutually beneficial trade arrangements, it is important to arrive at multilateral trade agreements before regional blocs form. Network externalities exist when the benefit a consumer derives from a good or service depends on the number of other consumers using the same good or service (as happens, for example, with telecommunications, television broadcasting standards, and many other technology-related goods and services). National monopolies, regulated and endorsed by sovereign governments, tended to produce network externalities in the past: most countries had telephone monopolies, often state-owned, before deregulation. Whether to allow foreign competition in such industries becomes a pressing issue when national boundaries begin to blur as technology advances and as previously untraded goods and services become tradable. Despite obvious gains from trade in such newly tradable sectors, governments often keep trade-prohibiting measures. With analog high definition television (HDTV) transmission standards, for example, regulations and politics kept Europe and Japan from cooperating, so each invested heavily to develop its system in an attempt to have its own standard adopted by the rest of the world. Kubota analyzes how the presence of network externalities affects a country's willingness to trade. In her model, governments decide whether or not to allow international trade. When trading is permitted, the superior standard drives out all others in the trading area. She shows that even when there are efficiency gains from worldwide standardization, global free trade may not prevail. The technology leader is generally eager to trade, but countries with less advanced technology often choose to form inefficient regional blocs or not to trade at all. Once such regional networks are established, global efficiency-enhancing free trade becomes even harder to achieve than it would have been in their absence. Transfer payments between countries reduce or eliminate such inefficiency and facilitate the achievement of efficient trade in products. To achieve mutually beneficial trade arrangements, it is important to arrive at multilateral agreements before regional blocs form. This paper is a product of Trade, Development Research Group. The author may be contacted at kkubotaworldbank.org
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  • 71
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Dutz, A. Mark Does More Intense Competition Lead to Higher Growth?
    Keywords: Anti-Trust Laws ; Competition ; Competition Policy ; Competitiveness ; Consumer Protection ; Deregulation ; Development ; Economic Growth ; Economic Theory and Research ; Economy ; Emerging Markets ; Growth Models ; Influence ; Labor Policies ; Macroeconomics and Economic Growth ; Monopoly ; Positive Effects ; Private Sector Development ; Productivity ; Productivity Growth ; Regulatory Framework ; Social Protections and Labor ; Telecommunications ; Trade ; Unfair Competition ; Variables ; Anti-Trust Laws ; Competition ; Competition Policy ; Competitiveness ; Consumer Protection ; Deregulation ; Development ; Economic Growth ; Economic Theory and Research ; Economy ; Emerging Markets ; Growth Models ; Influence ; Labor Policies ; Macroeconomics and Economic Growth ; Monopoly ; Positive Effects ; Private Sector Development ; Productivity ; Productivity Growth ; Regulatory Framework ; Social Protections and Labor ; Telecommunications ; Trade ; Unfair Competition ; Variables
    Abstract: April 2000 - Empirical evidence indicates a strong correlation between long-run growth and effective enforcement of antitrust and competition policy. The relationship between the intensity of competition in an economy and its long-run growth is an open question in economics. Theoretically, there is no clear-cut answer. Empirical evidence exists, however, that in some sectors more competition leads to more innovation and accelerates productivity growth. To complement those findings and capture economywide effects, Dutz and Hayri conduct a cross-country study. They examine the impact on growth of various measures having to do with intensity of domestic competition - beyond the effects of trade liberalization. Their results indicate a strong correlation between long-run growth and effective enforcement of antitrust and competition policy. An earlier version of this paper - a product of Public Economics, Development Research Group - was presented at a conference, Industrial Reorganization and Development, in Toulouse, France (November 1998). The study was funded by the Bank's Research Support Budget under the research project Does More Intense Competition Lead to Higher Growth? (RPO 682-47). The authors may be contacted at mdutzworldbank.org or ahayri@dttus.com
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  • 72
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Broadman, G. Harry Competition, Corporate Governance, and Regulation in Central Asia
    Keywords: Business Performance ; Competition ; Competition Policy ; Corporate Governance ; Corporate Law ; Corporate Performance ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Enforcement ; Finance and Financial Sector Development ; Governance ; Investment ; Labor Policies ; Law and Development ; Legal Frameworks ; Macroeconomic Policy ; Macroeconomic Stability ; Macroeconomics and Economic Growth ; Market Economy ; Market Share ; Market Structure ; Markets and Market Access ; Microfinance ; Monopoly ; National Governance ; Output ; Price ; Prices ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Reform Program ; Social Protections and Labor ; Trade ; Trade Associations ; Business Performance ; Competition ; Competition Policy ; Corporate Governance ; Corporate Law ; Corporate Performance ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Enforcement ; Finance and Financial Sector Development ; Governance ; Investment ; Labor Policies ; Law and Development ; Legal Frameworks ; Macroeconomic Policy ; Macroeconomic Stability ; Macroeconomics and Economic Growth ; Market Economy ; Market Share ; Market Structure ; Markets and Market Access ; Microfinance ; Monopoly ; National Governance ; Output ; Price ; Prices ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Reform Program ; Social Protections and Labor ; Trade ; Trade Associations
    Abstract: May 2000 - Like many Central Asian republics, Uzbekistan has adopted a gradual, cautious approach in its transition to a market economy. It has had some success attaining macroeconomic stability, but microeconomic reforms have lagged behind. It is time to accelerate structural reform. In Uzbekistan state enterprises are being changed into shareholding companies, and private enterprises account for 45 percent of all registered firms. But business decisions to set prices, output, and investment are often not market-based, nor wholly within the purview of businesses, especially those in commercial manufacturing and services. Lines of authority for corporate governance - from state enterprises to private enterprises - are ill-defined, so there is little discipline on corporate performance and little separation between government and business. Nascent frameworks have been created for competition policy (for firms in the commercial sector) and regulatory policy (governing utilities in the infrastructure monopoly sector). But implementation and enforcement have been hampered by old-style instruments (such as price controls) rooted in central planning, by lack of a strong independent regulatory rule-making authority, by the limited understanding of the basic concepts of competition and regulatory reform, and by weak institutional capabilities for analyzing market structure and business performance. Based on fieldwork in Uzbekistan, Broadman recommends: · Deepening senior policy officials' understanding of, and appreciation of the benefits from, enterprise competition and how it affects economic growth. · Reforming competition policy institutions and legal frameworks in line with the country's goal of strengthening structural reforms and improving macroeconomic policy. · Improving the ability of government and associated institutions to assess Uzbekistan's industrial market structure and the determinants of enterprise conduct and performance. · Making the authority responsible for competition and regulatory policymaking into an independent agency - a champion of competition - answerable directly to the prime minister. · Strengthening incentives and institutions for corporate governance and bringing them in line with international practice. · Subjecting infrastructure monopolies to systemic competitive restructuring and unbundling, where appropriate. For other utilities, depoliticize tariff setting and implementation of regulations; ensure that price, output, and investment decisions by service suppliers are procompetitive (creating a level playing field among users); and increase transparency and accountability to the public. This paper - a product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Regional Office - is part of a larger effort in the region to assess structural reform in Central Asia. The author may be contacted at hbroadmanworldbank.org
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  • 73
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (22 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Duval-Hernandez, Robert Leading Indicator Project
    Keywords: Averaging ; Benchmark ; Business Cycles ; Cd ; Cred Economic Activity ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Research ; Economic Statistics ; Economic Theory and Research ; Education ; Emerging Markets ; Expectations ; Finance and Financial Sector Development ; Forecasting ; Forecasts ; Information Security and Privacy ; Interest Rate ; Knowledge for Development ; Leading Indicators ; Macroeconomics and Economic Growth ; Money ; Private Sector Development ; Science Education ; Science and Technology Development ; Scientific Research and Science Parks ; Statistical and Mathematical Sciences ; Trade ; Trends ; Trough ; Unemployment ; Value ; Variables ; Averaging ; Benchmark ; Business Cycles ; Cd ; Cred Economic Activity ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Research ; Economic Statistics ; Economic Theory and Research ; Education ; Emerging Markets ; Expectations ; Finance and Financial Sector Development ; Forecasting ; Forecasts ; Information Security and Privacy ; Interest Rate ; Knowledge for Development ; Leading Indicators ; Macroeconomics and Economic Growth ; Money ; Private Sector Development ; Science Education ; Science and Technology Development ; Scientific Research and Science Parks ; Statistical and Mathematical Sciences ; Trade ; Trends ; Trough ; Unemployment ; Value ; Variables
    Abstract: June 2000 - A method for forecasting growth cycles in economic activity (measured as total industrial production), as applied to Lithuania. Everhart and Duval-Hernandez present a method for forecasting growth cycles in economic activity, measured as total industrial production. They construct a series which they aggregate into a composite leading indicator to predict the path of the economy in Lithuania. The cycle is the result of the economy's deviations from its long-term trend. A contractionary phase means a decline in the growth rate of the economy, not necessarily an absolute decline in economic activity. The indicator they select for economic activity is usually the Index of Industrial Production, plus a group of variables that, when filtered and adjusted, becomes the composite leading indicator that forecasts the reference series. Variables include economically and statistically significant financial, monetary, real sector, and business survey data. They base selection of the components of the leading indicator on the forecast efficiency and economic significance of the series. Once selected, the relevant variables are aggregated into a single composite leading indicator, which forecasts the detrended Index of Industrial Production. They apply the Hodrick-Prescott filter method for detrending the series. This is a smoothing technique that decomposes seasonally adjusted series into cyclical and trend components. One advantage of the Hodrick-Prescott filter is that it provides a reasonable estimate of a series' long-term trend. The OECD uses a system of leading indicators to predict growth cycles in the economies of its member countries. These exercises have been very effective in their forecasting ability and accuracy - but for the technique to work it is essential to have an adequate statistical system that provides many economic variables in a precise and timely manner, preferably monthly. The authors extend the OECD technique and present an application to a country of the former Soviet Union. This paper - a joint product of the Poverty Reduction and Economic Management Sector Units, Europe and Central Asia and Latin America and the Carribean Regions, and the Mexico Country Management Unit - is part of a larger effort in the Bank to foster the development of macroeconomic monitoring techniques. Authors may be contacted by email at severhartworldbank.org or rduval@worldbank.org
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  • 74
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (100 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Stephenson, M. Sherry Approaches to Liberalizing Services
    Keywords: Barriers ; Commodities ; Common Market ; Communities & Human Settlements ; Developing Countries ; Developing Country ; Developing Economies ; Economic Development ; Economic Theory and Research ; Emerging Markets ; Foreign Competition ; Free Trade ; Free Trade ; Free Trade Agreement ; Free Trade Agreements ; Future ; Housing and Human Habitats ; ICT Policy and Strategies ; Information and Communication Technologies ; Intangible ; Interest ; International Economics & Trade ; Investment ; Law and Development ; Liberalization ; Macroeconomics and Economic Growth ; Market Access ; Output ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Regional Integration ; Share ; Trade ; Trade Law ; Trade Policy ; Trade and Services ; Barriers ; Commodities ; Common Market ; Communities & Human Settlements ; Developing Countries ; Developing Country ; Developing Economies ; Economic Development ; Economic Theory and Research ; Emerging Markets ; Foreign Competition ; Free Trade ; Free Trade ; Free Trade Agreement ; Free Trade Agreements ; Future ; Housing and Human Habitats ; ICT Policy and Strategies ; Information and Communication Technologies ; Intangible ; Interest ; International Economics & Trade ; Investment ; Law and Development ; Liberalization ; Macroeconomics and Economic Growth ; Market Access ; Output ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Regional Integration ; Share ; Trade ; Trade Law ; Trade Policy ; Trade and Services
    Abstract: May 1999 - Liberalization of services at the subregional level has followed two broad approaches-the GATS model and the NAFTA model-neither of which automatically guarantees the full liberalization of trade in services. The question that participants in integration efforts at both the subregional and the broader regional level must ask is what kind of approach to liberalizing services offers both maximum transparency and the greatest degree of nondiscrimination for service suppliers. Only since completion of the Uruguay Round have developing countries in East Asia and the Western Hemisphere shown interest in liberalizing services. Ambitious efforts are now being made to incorporate services in liberalization objectives of both subregional and regional integration efforts, including in the Asia-Pacific region under APEC and in the Western Hemisphere under the Free Trade Area of the Americas (FTAA) process. At the subregional level, member countries of both ASEAN (in East Asia) and MERCOSUR (in Latin America) have chosen to follow the liberalization model set forth in the World Trade Organization's (WTO) General Agreement on Trade in Services (GATS), and to open their services markets gradually and piecemeal. In the Western Hemisphere, Mexico has successfully promoted the NAFTA model of a more comprehensive liberalization of services markets-and several Latin American countries have adopted the same approach. Regionally, APEC has chosen a concerted voluntary approach to liberalizing services markets. Within the Western Hemisphere, participants are defining which approach they will use in the negotiations on services launched as part of the FTAA in April 1998. In all these efforts, a stated desire to promote more efficient services markets is often hindered by reluctance to open services markets rapidly or comprehensively because of historically entrenched protectionism in the sector and ignorance of the regulatory measures that impede trade in services. Presumably it would be easier to liberalize services at the subregional level, among countries at similar stages of development (although liberalization's economic value there might be questioned). Liberalizing services at the broader regional level is a difficult and ambitious goal, given the diversity of countries involved in such efforts. Thus liberalization will probably move more slowly at the regional than at the subregional level-perhaps even more slowly than at the multilateral level. It is possible that the new round of multilateral talks on services scheduled to begin under the WTO in 2000 may well eclipse the recently begun regional efforts. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to assist developing countries in the multilateral trade negotiations. The author may be contacted at sstephensonoas.org
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  • 75
    Language: English
    Pages: Online-Ressource (1 online resource (23 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Elbadawi, A. Ibrahim Can Africa Export Manufactures?
    Keywords: Capital Markets ; Comparative Advantage ; Comparative Advantages ; Competitiveness ; Costs ; Currencies and Exchange Rates ; Debt Markets ; Development ; Economic Stabilization ; Economic Theory and Research ; Elasticity ; Emerging Markets ; Exchange ; Exports ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; Goods ; Human Capital ; Income Elasticity Of Demand ; Inequality ; International Economics & Trade ; Investment ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Natural Resources ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Taxation ; Taxes ; Theory ; Trade ; Variables ; Capital Markets ; Comparative Advantage ; Comparative Advantages ; Competitiveness ; Costs ; Currencies and Exchange Rates ; Debt Markets ; Development ; Economic Stabilization ; Economic Theory and Research ; Elasticity ; Emerging Markets ; Exchange ; Exports ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; Goods ; Human Capital ; Income Elasticity Of Demand ; Inequality ; International Economics & Trade ; Investment ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Natural Resources ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Taxation ; Taxes ; Theory ; Trade ; Variables
    Abstract: May 1999 - Africa's poor performance in manufactured exports in the 1990s (relative to East Asia) appears to be largely the result of bad policies-especially policies that affect transaction costs. Elbadawi analyzes the determinants of manufactured exports in Africa and other developing countries, guided by three pivotal views on Sub-Saharan Africa's (Africa's) prospects in manufactured exports: ° Adrian Woods holds that Africa cannot have comparative advantage in exports of labor-intensive manufactures (even if broadly defined to include raw material processing) because its natural resources endowment is greater than its human resources endowment (endowment thesis). ° Paul Collier argues that, for most of Africa, unusually high (policy-induced) transaction costs are the main source of Africa's comparative disadvantage in manufactured exports (transaction thesis). ° A third approach (Elbadawi and Helleiner) emphasizes the importance of stable, competitive real exchange rates for profitability of exports in low-income countries (exchange rate-led strategy). Elbadawi tests the implications of these three views with an empirical model of manufactured export performance (manufactured exports' share of GDP), using a panel of 41 countries for 1980-95. His findings: ° Corroborate the predictions of the transaction thesis, in that transaction costs are major determinants of manufactures exports. Investing in reducing these costs generates the highest payoff for export capacity. ° Lend support for the exchange rate-led strategy. After controlling for other factors, ratios of natural resources per worker were not robustly associated with export performance across countries, but this cannot be taken as formal rejection of the endowment thesis - unless one is prepared to assume that manufactured exports' share of GDP was highly correlated with ratios of manufactured to aggregate (or primary) exports. But this is not unlikely. This paper-a product of Public Economics, Development Research Group-is part of a larger effort in the group to research manufactures exports' competitiveness. The author may be contacted at ielbadawiworldbank.org
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  • 76
    Language: English
    Pages: Online-Ressource (1 online resource (59 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Finger, Michael J Implementation of Uruguay Round Commitments
    Keywords: Agricultural Products ; Agricultural Sector ; Customs ; Customs Administration and Reform ; Customs Procedures ; Customs Valuation ; Debt Markets ; Differential Treatment ; Dispute Settlement ; E-Business ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Intellectual Property ; Intellectual Property Rights ; International Community ; International Conventions ; International Economics & Trade ; International Trade ; International Trading System ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Private Sector Development ; Public Sector Development ; Quantitative Restrictions ; Rules of Origin ; Tariff Reductions ; Trade ; Trade Barriers ; Trade Law ; Trade Negotiations ; Trade Policy ; Trade Restrictions ; Trade and Regional Integration ; Agricultural Products ; Agricultural Sector ; Customs ; Customs Administration and Reform ; Customs Procedures ; Customs Valuation ; Debt Markets ; Differential Treatment ; Dispute Settlement ; E-Business ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Intellectual Property ; Intellectual Property Rights ; International Community ; International Conventions ; International Economics & Trade ; International Trade ; International Trading System ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Private Sector Development ; Public Sector Development ; Quantitative Restrictions ; Rules of Origin ; Tariff Reductions ; Trade ; Trade Barriers ; Trade Law ; Trade Negotiations ; Trade Policy ; Trade Restrictions ; Trade and Regional Integration
    Abstract: October 1999 - At the Uruguay Round, developing countries took on obligations not only to reduce trade barriers but also to undertake significant reforms of regulations and trade procedures. The Round did not, however, take into account the cost of implementing these reforms - a full year's development budget for many of the least developed countries - nor did it ask whether the money might be more productive in other development uses. At the Uruguay Round, developing countries took on unprecedented obligations not only to reduce trade barriers but to implement significant reforms both of trade procedures (including import licensing procedures and customs valuation) and of many areas of regulation that establish the basic business environment in the domestic economy (including intellectual property law and technical, sanitary, and phytosanitary standards. This will cost substantial amounts of money. World Bank project experience in areas covered by the agreements suggests that an entire year's development budget is at stake in many of the least developed countries. Institutions in these areas are weak in developing countries, and would benefit from strengthening and reform. But Finger and Schuler's analysis indicates that the obligations reflect little awareness of development problems and little appreciation for the capacities of the least developed countries to carry out the functions that these reforms of regulations and trade procedures address. The content of these obligations can be characterized as the advanced countries saying to the others, Do it my way! Moreover, these developing countries had limited capacity to participate in the Uruguay Round negotiations, so the process has generated no sense of ownership of the reforms to which membership in the World Trade Organization obligates them. From their perspective, the implementation exercise has been imposed imperially, with little concern for what it will cost, how it will be carried out, or whether it will support their development efforts. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to support effective developing country participation in the WTO system. This research was supported by the global and regional trust fund component of the World Bank/Netherlands Partnership Program. Michael Finger may be contacted at jfingerworldbank.org
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  • 77
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kaminski, Bartlomiej The EU Factor in the Trade Policies of Central European Countries
    Keywords: Applied Tariff ; Autonomy ; Border Protection ; Currencies and Exchange Rates ; Debt Markets ; Domestic Producers ; Economic Theory and Research ; Emerging Markets ; Exchange Rates ; Finance and Financial Sector Development ; Foreign Trade ; Foreign Trade Policy ; Free Trade ; Free Trade ; International Economics & Trade ; International Trade ; International Trade Policies ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Private Sector Development ; Public Sector Development ; Regional Integration ; Tariff ; Tariff Barriers ; Tariff Rates ; Tariffs ; Trade ; Trade Law ; Trade Liberalization ; Trade Policies ; Trade Policy ; Trade Regimes ; Trade and Regional Integration ; Applied Tariff ; Autonomy ; Border Protection ; Currencies and Exchange Rates ; Debt Markets ; Domestic Producers ; Economic Theory and Research ; Emerging Markets ; Exchange Rates ; Finance and Financial Sector Development ; Foreign Trade ; Foreign Trade Policy ; Free Trade ; Free Trade ; International Economics & Trade ; International Trade ; International Trade Policies ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; Private Sector Development ; Public Sector Development ; Regional Integration ; Tariff ; Tariff Barriers ; Tariff Rates ; Tariffs ; Trade ; Trade Law ; Trade Liberalization ; Trade Policies ; Trade Policy ; Trade Regimes ; Trade and Regional Integration
    Abstract: Despite strong protectionist sentiments, trade regimes have remained open in Central European countries invited to negotiate their accession to the European Union. Regional disciplines (the EU factor), combined with the legacy of low tariffs under GATT commitments, appear to have offset domestic protectionist impulses. - Kaminski examines the development of foreign trade institutions and policies in Central European countries invited to negotiate their accession to the European Union. With the dismantling of state trading, conditions of market access have been dramatically liberalized. However, except for Estonia and, to a lesser extent, the Czech Republic, most Central European countries have followed a policy of bilateral rather than multilateral trade liberalization. The fall in tariff rates on preferential imports has prompted a search for nontariff barriers, but these countries' trade regimes have remained open - which is surprising, considering the strong protectionist sentiments in economic administration. Regional disciplines (the EU factor), combined with the legacy of low tariffs under GATT commitments, appear to have been responsible for this openness. Foreign trade policy has been shaped by tensions between domestic protectionist impulses and pressures from the European Union (and other World Trade Organization members) to improve conditions of market access. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to examine trade and integration issues. The author may be contacted at bkaminskiworldbank.org
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  • 78
    Language: English
    Pages: Online-Ressource (1 online resource (56 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Drebentsov, Vladimir Improving Russia's Policy on Foreign Direct Investment
    Keywords: Barriers ; Corporate Governance ; Debt Markets ; Developing Countries ; Domestic Market ; Economic Theory and Research ; Emerging Economies ; Emerging Markets ; Enforcement ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investment ; Foreign Investor ; Foreign Investors ; Global Market ; International Economics & Trade ; Investment and Investment Climate ; Investor ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Natural Resources ; Outputs ; Price ; Private Sector Development ; Property Rights ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Tax ; Technology Transfers ; Trade ; Trade Law ; Trade and Regional Integration ; Transition Countries ; Barriers ; Corporate Governance ; Debt Markets ; Developing Countries ; Domestic Market ; Economic Theory and Research ; Emerging Economies ; Emerging Markets ; Enforcement ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investment ; Foreign Investor ; Foreign Investors ; Global Market ; International Economics & Trade ; Investment and Investment Climate ; Investor ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Natural Resources ; Outputs ; Price ; Private Sector Development ; Property Rights ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Tax ; Technology Transfers ; Trade ; Trade Law ; Trade and Regional Integration ; Transition Countries
    Abstract: May 2000 - Russia gets relatively little foreign direct investment and almost none of the newer, more efficient kind, involving state-of-the-art technology and world-class competitive production linked to dynamic global or regional markets. Why? And what should be done about it? Foreign direct investment brings host countries capital, productive facilities, and technology transfers as well as employment, new job skills, and management expertise. It is important to the Russian Federation, where incentives for competition are limited and incentives to becoming efficient are blunted by interregional barriers to trade, weak creditor rights, and administrative barriers to new entrants. Bergsman, Broadman, and Drebentsov argue that the old policy paradigm of foreign direct investment (established before World War II and prevalent in the 1950s and 1960s) still governs Russia. In this paradigm there are only two reasons for foreign direct investment: access to inputs for production and access to markets for outputs. Such kinds of foreign direct investment, although beneficial, are often based on generating exports that exploit cheap labor or natural resources or are aimed at penetrating protected local markets, not necessarily at world standards for price and quality. They contend that Russia should phase out high tariffs and nontariff protection for the domestic market, most tax preferences for foreign investors (which don't increase foreign direct investment but do reduce fiscal revenues), and many restrictions on foreign direct investment. They recommend that Russia switch to a modern approach to foreign direct investment by: · Amending the newly enacted foreign direct investment law so that it will grant nondiscriminatory national treatment to foreign investors for both right of establishment and post-establishment operations, abolish conditions (such as local content restrictions) inconsistent with the World Trade Organization agreement on trade-related investment measures (TRIMs), and make investor-state dispute resolution mechanisms more efficient (giving foreign investors the chance to seek neutral binding international arbitration, for example). · Strengthening enforcement of property rights. · Simplifying registration procedures for foreign investors, to make them transparent and rules-based. · Extending guarantee schemes covering basic noncommercial risks. This paper - a product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Regional Office - is part of a larger effort in the region to assist the Russian authorities in preparing for accession to the World Trade Organization. The authors may be contacted at hbroadmanworldbank.org or vdrebentsov@worldbank.org
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  • 79
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Schiff, Maurice Multilateral Trade Liberalization and Political Disintegration
    Keywords: Andean Pact ; Bloc Welfare ; Customs Union Formation ; Customs Unions ; Economic Dominance ; Economic Theory and Research ; Emerging Markets ; External Tariff ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Area ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Size ; Multilateral Liberalization ; Multilateral System ; Multilateral Trade Liberalization ; Open Regionalism ; Preferential Market Access ; Private Sector Development ; Public Sector Development ; Regional Integration ; Regionalism ; Rules of Origin ; Tariffs ; Trade ; Trade Diversion ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Andean Pact ; Bloc Welfare ; Customs Union Formation ; Customs Unions ; Economic Dominance ; Economic Theory and Research ; Emerging Markets ; External Tariff ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Area ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Size ; Multilateral Liberalization ; Multilateral System ; Multilateral Trade Liberalization ; Open Regionalism ; Preferential Market Access ; Private Sector Development ; Public Sector Development ; Regional Integration ; Regionalism ; Rules of Origin ; Tariffs ; Trade ; Trade Diversion ; Trade Law ; Trade Policy ; Trade and Regional Integration
    Abstract: May 2000 - Two theories are combined to explain why free trade areas (FTAs) have proliferated more than customs unions (CUs) have, and why FTAs are found more in North-South agreements and CUs in South-South agreements. Schiff 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, and why it is larger in North-South than in South-South agreements. Ethier (1998, 1999) argues that multilateral trade liberalization led to the recent wave of regional integration arrangements. Alesina and others (1997), in discussing the number and size of countries, argue that multilateral trade liberalization leads to political disintegration, with an increase in the number of countries. Combining the two arguments, Schiff hypothesizes that as multilateral trade liberalization proceeds and the number of regional integration arrangements increases, the ratio of free trade areas to customs unions also increases. The same arguments are also used to show why that ratio is larger in North-South than in South-South agreements. The data, which show that ratio increasing in the 1990s and larger for North-South agreements, are consistent with the hypotheses. Finally, a number of voluntary and involuntary customs unions are examined where weaker members lose and conflict does or does not take place, and where free trade agreements are superior. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study regional integration. The author may be contacted at mschiffworldbank.org
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  • 80
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mattoo, Aaditya Trade Policies for Electronic Commerce
    Keywords: Commodities ; Cross-Border Trade ; Customs ; Customs Duties ; Debt Markets ; E-Business ; Economic Theory and Research ; Electronic Commerce ; Emerging Markets ; European Union ; Finance and Financial Sector Development ; Financial Services ; Free Trade ; Free Trade ; Importing Country ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; National Treatment ; Preferential Trading Arrangements ; Preferential Treatment ; Private Sector Development ; Public Sector Development ; Recourse ; Tariff Reductions ; Trade ; Trade Diversion ; Trade Law ; Trade Policies ; Trade Policy ; Trade Regime ; Trade and Services ; Transport ; Transport and Trade Logistics ; World Trade Organization ; Commodities ; Cross-Border Trade ; Customs ; Customs Duties ; Debt Markets ; E-Business ; Economic Theory and Research ; Electronic Commerce ; Emerging Markets ; European Union ; Finance and Financial Sector Development ; Financial Services ; Free Trade ; Free Trade ; Importing Country ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; National Treatment ; Preferential Trading Arrangements ; Preferential Treatment ; Private Sector Development ; Public Sector Development ; Recourse ; Tariff Reductions ; Trade ; Trade Diversion ; Trade Law ; Trade Policies ; Trade Policy ; Trade Regime ; Trade and Services ; Transport ; Transport and Trade Logistics ; World Trade Organization
    Abstract: June 2000 - Members of the World Trade Organization have decided provisionally to exempt electronic delivery of products from customs duties. There is growing support for the decision to be made permanent. Is this desirable? Some countries in the World Trade Organization initially opposed WTO's decision to exempt electronic delivery of products from customs duties, out of concern for the revenue consequences. Others supported the decision as a means of securing open trading conditions. Mattoo and Schuknecht argue that neither the inhibitions nor the enthusiasm are fully justified. First, even if all delivery of digitizable media products moved online - an unlikely prospect - the revenue loss for most countries would be small. More important, however, the prohibition of customs duties does not ensure continued open access for electronically delivered products and may even prompt recourse to inferior instruments of protection. Barrier-free electronic commerce would be more effectively secured by deepening and widening the limited cross-border trade commitments under the General Agreement on Trade in Services (GATS) and by clarifying and strengthening certain GATS disciplines. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to improve trade policy for goods and services. It is part of a larger project on trade in services supported in part by the United Kingdom's Department for International Development. Aaditya Mattoo may be contacted at amattooworldbank.org
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  • 81
    Language: English
    Pages: Online-Ressource (1 online resource (77 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ng, Francis Good Governance and Trade Policy
    Keywords: Consumers ; Debt Markets ; Development ; Economic Growth ; Economic Performance ; Economic Theory and Research ; Economy ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; GDP Per Capita ; Governance ; Governance Indicators ; Growth Rate ; Industrialization ; Influence ; International Economics & Trade ; International Trade ; Investment ; Law and Development ; Low Tariffs ; Macroeconomics and Economic Growth ; Markets ; Monopoly ; Private Sector Development ; Public Sector Development ; Trade ; Trade Barriers ; Trade Law ; Trade Policies ; Trade Policy ; Trade Policy ; Consumers ; Debt Markets ; Development ; Economic Growth ; Economic Performance ; Economic Theory and Research ; Economy ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; GDP Per Capita ; Governance ; Governance Indicators ; Growth Rate ; Industrialization ; Influence ; International Economics & Trade ; International Trade ; Investment ; Law and Development ; Low Tariffs ; Macroeconomics and Economic Growth ; Markets ; Monopoly ; Private Sector Development ; Public Sector Development ; Trade ; Trade Barriers ; Trade Law ; Trade Policies ; Trade Policy ; Trade Policy
    Abstract: Turning the economies of Sub-Saharan Africa around requires badly needed national policy reform-abandoning the region's restrictive fiscal, monetary, property, and wage policies and trade barriers. - Economists often argue that the level and structure of a country's trade barriers and the quality of its governance policies (for example, regulating foreign investment or limiting commercial activity with red tape) have a major influence on its economic growth and performance. One problem testing those relations empirically was the unavailability of objective cross-country indices of the quality of governance and statistics on developing countries' trade barriers. Ng and Yeats use new sources of empirical information to test the influence of trade and governance policies on economic performance. They use a model similar to those used in the literature on causes and implications of economic growth but focus more heavily on the World Bank's index of the speed with which countries are integrating into the world economy. Their results show that countries that adopted less restrictive governance and trade policies achieved significantly higher levels of per capita GDP; experienced higher growth rates for exports, imports, and GDP; and were more successful integrating with the world economy. Regression results indicate that national trade and governance regulations explain over 60 percent of the variance in some measures of economic performance, implying that a country's own national policies shape its rate of development, industrialization, and growth. Their tests provide new insights into the phenomenon of economic convergence, showing that poorer open countries are integrating more rapidly into the global economy than others. This finding parallels what others have observed about economic growth rates. They test their empirical results in a case study asking whether inappropriate national policies have caused Sub-Saharan Africa's dismal economic performance. The evidence strongly supports this proposition. Indices of the quality of national governance show that African countries have generally adopted the most inappropriate (restrictive) fiscal, monetary, property, and wage policies and that their own trade barriers (including customs procedures constraining commercial activity) are among the world's highest. Improving African trade and governance policies to levels currently prevailing in such (non-exceptional) countries as Jordan, Panama, and Sri Lanka would be consistent with a sevenfold increase in per capita GDP (to about
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  • 82
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hoekman, Bernard Developing Country Agriculture and the New Trade Agenda
    Keywords: Agribusiness ; Agricultural Production ; Agricultural Protection ; Agriculture ; Competition ; Debt Markets ; Economic Development ; Economic Theory and Research ; Economics ; Emerging Markets ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Regulations ; Finance and Financial Sector Development ; Free Trade ; Income ; International Economics & Trade ; Investment ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Policies ; Private Sector Development ; Public Sector Development ; Quotas ; Resources ; Rural Communities ; Social Protections and Labor ; Standards ; Subsidies ; Tariffs ; Taxation ; Trade ; Trade Law ; Trade Policy ; Welfare Gains ; World Trade Organization ; Agribusiness ; Agricultural Production ; Agricultural Protection ; Agriculture ; Competition ; Debt Markets ; Economic Development ; Economic Theory and Research ; Economics ; Emerging Markets ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Regulations ; Finance and Financial Sector Development ; Free Trade ; Income ; International Economics & Trade ; Investment ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Markets ; Policies ; Private Sector Development ; Public Sector Development ; Quotas ; Resources ; Rural Communities ; Social Protections and Labor ; Standards ; Subsidies ; Tariffs ; Taxation ; Trade ; Trade Law ; Trade Policy ; Welfare Gains ; World Trade Organization
    Abstract: May 1999 - In the new round of World Trade Organization talks expected in late 1999, negotiations about access to agricultural and services markets should be given top priority, but new trade agenda issues should also be discussed. Including new trade agenda issues would increase market discipline's role in the allocation of resources in agriculture and would encourage nonagricultural groups with interests in the new issues to take part in the round, counterbalancing forces favoring agricultural protection. A new round of World Trade Organization negotiations on agriculture, services, and perhaps other issues is expected in late 1999. To what extent should those negotiations include new trade agenda items aimed at ensuring that domestic regulatory policies do not discriminate against foreign suppliers? Hoekman and Anderson argue that negotiations about market access should be given priority, as the potential welfare gains from liberalizing access to agricultural (and services) markets are still huge, but new issues should be included too. Including new trade agenda issues would increase the role of market discipline in the allocation of resources in agriculture and would encourage nonagricultural groups with interests in the new issues to take part in the round, counterbalancing forces in favor of agricultural protection. They also argue, however, that rule-making efforts to accommodate the new issues should be de-linked from negotiations about access to agricultural markets, because the issues affect activity in all sectors. This paper-a product of the Development Research Group-is part of a larger effort in the group to analyze options and priorities for developing countries in the run-up to a new round of WTO negotiations. Bernard Hoekman may be contacted at bhoekmanworldbank.org or kanderson@economics.adelaide.edu.au
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  • 83
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kaminski, Bartlomiej Hungary's Integration into European Union Markets
    Keywords: Access to Markets ; Agribusiness and Markets ; Agriculture ; Capital ; Central Planning ; Comparative Advantage ; Competitive Markets ; Competitiveness ; Debt Markets ; Economic Relations ; Economic Theory and Research ; Emerging Markets ; Environment ; Environmental Economics and Policies ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; General System Of Preferences ; Goods ; Industry ; International Economics & Trade ; Investment ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Private Sector Development ; Production ; Public Sector Development ; Rural Development ; Shares ; Trade ; Trade Barriers ; Trade Policy ; Transition Economies ; Transition Economy ; Value ; Water Resources ; Water and Industry ; Access to Markets ; Agribusiness and Markets ; Agriculture ; Capital ; Central Planning ; Comparative Advantage ; Competitive Markets ; Competitiveness ; Debt Markets ; Economic Relations ; Economic Theory and Research ; Emerging Markets ; Environment ; Environmental Economics and Policies ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; General System Of Preferences ; Goods ; Industry ; International Economics & Trade ; Investment ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Private Sector Development ; Production ; Public Sector Development ; Rural Development ; Shares ; Trade ; Trade Barriers ; Trade Policy ; Transition Economies ; Transition Economy ; Value ; Water Resources ; Water and Industry
    Abstract: June 1999 - Can Hungarian firms cope with competitive pressures and market forces within the European Union market (a criterion for joining)? The empirical evidence suggests that Hungary can withstand such competitive pressures without suppressing the real incomes of Hungary's citizens. Hungary has achieved impressive results in reorienting both its production and trade. Between 1989 and 1992, as the former CMEA markets collapsed and Hungary liberalized imports and the exchange rate regime, exports to the European Union (EU) expanded, with manufactured exports redirected largely to Western (mostly EU) markets. During this first phase of expansion, characterized by a dramatic reorientation and explosion of trade, the value of Hungary's exports increased 84 percent. In 1993 export expansion lost steam and EU-oriented exports fell 12 percent. In a second phase of expansion (in 1994-97), driven by restructured and rapidly changing export offers, exports again registered strong performance, their value increasing 132 percent. There was a dramatic shift from an export basket dominated by resource-intensive, low-value-added products to one driven by manufactures, with a rapidly accelerating growth of engineering products. Machinery and transport equipment rose from 12 percent of exports to the EU in 1989 to more than 50 percent in 1997. The shift from natural resource and unskilled-labor-intensive products to technology- and capital-intensive products in EU-oriented exports suggests the potential for integration higher in the value-added spectrum. More stringent EU environmental regulations will affect a relatively low, and falling, share of Hungary's exports. The Hungarian share of environmentally dirty products imported by the EU has increased, but these products have not been trendsetters among Hungarian exports, their share in exports falling from 26 percent in 1989 to 16 percent in 1996. The rapid pace of Hungary's turnaround seems to reflect the emergence of second-generation firms, mostly foreign-owned. Foreign-owned firms tend to be more export-oriented. Hungary has been one of the more successful transition economies because its economy was receptive to foreign direct investment from the outset. Between 1990 and 1997, Hungary absorbed roughly half of all foreign capital invested in Central Europe. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study regional integration. The author may be contacted at bkaminskiworldbank.org
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  • 84
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Schiff, Maurice Will the Real Natural Trading Partner Please Stand Up?
    Keywords: Currencies and Exchange Rates ; Customs Unions ; Economic Theory and Research ; Emerging Markets ; External Trade ; Finance and Financial Sector Development ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Areas ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Perfect Competition ; Preferential Trade ; Preferential Trade Agreement ; Private Sector Development ; Public Sector Development ; Regional Integration ; Regional Trade ; Tariff ; Tariff Revenues ; Trade ; Trade Creation ; Trade Diversion ; Trade Law ; Trade Policy ; Trade Policy ; Trade and Regional Integration ; Transport Costs ; Volume Of Trade ; World Trade ; Currencies and Exchange Rates ; Customs Unions ; Economic Theory and Research ; Emerging Markets ; External Trade ; Finance and Financial Sector Development ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Areas ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Perfect Competition ; Preferential Trade ; Preferential Trade Agreement ; Private Sector Development ; Public Sector Development ; Regional Integration ; Regional Trade ; Tariff ; Tariff Revenues ; Trade ; Trade Creation ; Trade Diversion ; Trade Law ; Trade Policy ; Trade Policy ; Trade and Regional Integration ; Transport Costs ; Volume Of Trade ; World Trade
    Abstract: August 1999 - Adherents of the natural trading partner hypothesis argue that preferential trade agreements are more likely to improve welfare if participating countries already trade disproportionately with each other. Opponents argue the opposite. Neither side is right. The hypothesis holds up only if two countries are natural trading partners in the sense that one country tends to import what the other exports. 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 likely to be greater if participating countries trade less with each other. Schiff shows that neither analysis is correct. The natural trading partner hypothesis can be rescued if it is redefined in terms of complementarity or substitutability in the trade relations of countries, rather than in terms of their volume of trade. Schiff asks not whether a country should form or join a trading bloc but which partner or partners it should select if it does join such a bloc. He shows that the pre-PTA volume of trade is not a useful criterion for selecting a partner. The pre-PTA volume is equal to zero if the partner is an importer of the good sold to the home country and it is indeterminate if the partner is an exporter of that good. Among Schiff's conclusions: ° The home country is better off with a large partner country. First, a large partner is more likely to satisfy the home country's import demand at the world price. Second, the home country is likely to gain more on its exports to a large partner country, because that partner is likely to continue importing from the world market after formation of the trading bloc. And since the partner charges a tariff on imports from the world market, the home country is more likely to improve its terms of trade by selling to the partner at the higher tariff-inclusive price if the partner is large. ° The PTA as a whole is likely to be better off if each country imports what the other exports (rather than each country importing what the other imports). Losses are similar but less likely, while gains are both more likely and the same or larger. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to understand the economics of regional integration. The author may be contacted at mschiffworldbank.org
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  • 85
    Language: English
    Pages: Online-Ressource (1 online resource (92 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Michalopoulos, Constantine Trade Policy and Market Access Issues for Developing Countries
    Keywords: Agricultural Trade ; Country Strategy and Performance ; Debt Markets ; Developed Countries ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Export Subsidies ; Export Subsidy ; Exports ; Finance and Financial Sector Development ; Free Trade ; Imports ; International Economics & Trade ; International Market ; International Trade ; International Trading ; International Trading System ; Law and Development ; Macroeconomics and Economic Growth ; Multilateral Trade Negotiations ; Private Sector Development ; Production ; Public Sector Development ; Tariff ; Tariffs ; Trade ; Trade Law ; Trade Policies ; Trade Policy ; Trade Policy ; Trade Remedies ; World Trade ; Agricultural Trade ; Country Strategy and Performance ; Debt Markets ; Developed Countries ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Export Subsidies ; Export Subsidy ; Exports ; Finance and Financial Sector Development ; Free Trade ; Imports ; International Economics & Trade ; International Market ; International Trade ; International Trading ; International Trading System ; Law and Development ; Macroeconomics and Economic Growth ; Multilateral Trade Negotiations ; Private Sector Development ; Production ; Public Sector Development ; Tariff ; Tariffs ; Trade ; Trade Law ; Trade Policies ; Trade Policy ; Trade Policy ; Trade Remedies ; World Trade
    Abstract: October 1999 - An analysis of developing countries' current trade policies and market access problems is used as a basis for recommending positions for these countries in the new round of multilateral negotiations under the World Trade Organization. Michalopoulos analyzes 61 trade policy reviews prepared for the World Trade Organization (WTO) and its predecessor, GATT - reviews that document the progress developing countries have made in integration with the world trading system over the past decade. Based on an analysis of post-Uruguay Round tariff and nontariff barriers worldwide, he then recommends developing country positions on major issues in the new round of WTO trade negotiations. His key conclusions and recommendations: · Agriculture. Developing countries should support the Cairns Group in its push for greater liberalization of industrial countries' agricultural trade policies; the revised Food Aid Convention is not a substitute for but a complement to worldwide liberalization of agriculture. · Manufactures. The existence of tariff peaks and escalation in industrial country markets and the limited bindings at relatively high levels of developing country tariffs on manufactures present opportunities for negotiations with good prospects for shared and balanced benefits. The remaining nontariff barriers in industrial countries that affect manufactures are concentrated in textiles and clothing. Developing countries should ensure that industrial countries implement their commitments to liberalize this sector and impose no new nontariff barriers in this or other sectors under the guise of other rules or arrangements. The remaining nontariff barriers in developing countries should be converted into tariffs and reduced over time as part of the negotiations. · Antidumping. The increased use of antidumping measures by high- and middle-income developing countries in recent periods offers an opportunity for balanced negotiations to restrict their use. Reduced use of antidumping measures would increase efficiency and benefit consumers in all countries. But it is unclear whether a supportive climate for such negotiations exists in either industrial or developing countries. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to identify opportunities for developing countries in the WTO 2000 negotiations. The author may be contacted at cmichalopoulosworldbank.org
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  • 86
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Soloaga, Isidro What's Behind Mercosur's Common External Tariff?
    Keywords: Currencies and Exchange Rates ; Debt Markets ; Domestic Market ; Economic Policy ; Economic Theory and Research ; Emerging Markets ; External Tariff ; Finance and Financial Sector Development ; Free Trade ; International Economics & Trade ; International Market ; International Markets ; International Prices ; International Trade ; International Trade and Trade Rules ; Macroeconomics and Economic Growth ; Markets and Market Access ; Multilateral System ; Political Economy ; Private Sector Development ; Public Sector Development ; Regionalism ; Share Of World Exports ; Tariff Data ; Tariff Levels ; Tariff Structures ; Tariffs ; Terms Of Trade ; Trade ; Trade Effects ; Trade Externalities ; Trade Policy ; Trade Policy ; World Prices ; Currencies and Exchange Rates ; Debt Markets ; Domestic Market ; Economic Policy ; Economic Theory and Research ; Emerging Markets ; External Tariff ; Finance and Financial Sector Development ; Free Trade ; International Economics & Trade ; International Market ; International Markets ; International Prices ; International Trade ; International Trade and Trade Rules ; Macroeconomics and Economic Growth ; Markets and Market Access ; Multilateral System ; Political Economy ; Private Sector Development ; Public Sector Development ; Regionalism ; Share Of World Exports ; Tariff Data ; Tariff Levels ; Tariff Structures ; Tariffs ; Terms Of Trade ; Trade ; Trade Effects ; Trade Externalities ; Trade Policy ; Trade Policy ; World Prices
    Abstract: Most researchers focus on the political economy (interest group pressures) approach to analyzing why customs unions are formed, but terms-of-trade effects were also important in formation of the Common Market of the Southern Cone (Mercosur). Terms-of-trade externalities among Mercosur's members have been internalized in the common external tariff. - The theoretical literature on trade follows two different approaches to explaining the endogenous formation of customs unions: (1) The terms-of-trade approach, in which integrating partners are willing to exploit terms-of-trade effects. Using the terms-of-trade approach, one concludes that tariffs on imports from the rest of the world should increase after the formation of a regional bloc, because the market power of the region increases and terms-of-trade externalities can be internalized in the custom union's common external tariff. As the union forms, the domestic market gets larger and members' international market power increases. (2) The interest group pressures (political economy) approach, in which, for example, the customs union may offer the potential for exchanging markets or protection within the enlarged market. Using this approach, one would usually conclude that tariffs for the rest of the world decline after the custom union's formation - a rationale related to free-rider effects in larger lobbying groups. It is important to recognize the forces behind the formation of customs unions. Most researchers have focused on the second approach and neglected terms of trade as a possible explanatory variable. Both rationales explain a significant share of tariff information. Results, write Olarreaga, Soloaga, and Winters, suggest that both forces were important in formation of the Common Market of the Southern Cone (Mercosur). Terms-of-trade effects account for between 6 percent and 28 percent of the explained variation in the structure of protection. There is also evidence that the terms-of-trade externalities among Mercosur's members have been internalized in the common external tariff. 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. Marcelo Olarreaga may be contacted at molarreagaworldbank.org
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  • 87
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (114 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Madani, Dorsati A Review of the Role and Impact of Export Processing Zones
    Keywords: Banks and Banking Reform ; Capital Goods ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Issues ; Finance and Financial Sector Development ; Financial Literacy ; Imports ; Incentives ; Income ; International Economics & Trade ; Investment ; Investments ; Knowledge ; Labor ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Policy Instruments ; Private Sector Development ; Production ; Public Sector Development ; Revenue ; Social Protections and Labor ; Subsidies ; Technology ; Trade ; Trade Policy ; Unemployment ; Wages ; Banks and Banking Reform ; Capital Goods ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Issues ; Finance and Financial Sector Development ; Financial Literacy ; Imports ; Incentives ; Income ; International Economics & Trade ; Investment ; Investments ; Knowledge ; Labor ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Policy Instruments ; Private Sector Development ; Production ; Public Sector Development ; Revenue ; Social Protections and Labor ; Subsidies ; Technology ; Trade ; Trade Policy ; Unemployment ; Wages
    Abstract: As instruments for encouraging economic development, export processing zones have only limited usefulness. A better policy choice is general liberalization of a country's economy. - Traditional export processing zones are fenced-in industrial estates specializing in manufacturing for exports. Modern ones have more flexible rules, such as permitting more liberal domestic sales. They provide a free-trade and liberal regulatory environment for the firms involved. Their primary goals: to provide foreign exchange earnings by promoting nontraditional exports, to provide jobs and create income, and to attract foreign direct investment and attendant technology transfer and knowledge spillover. Domestic, international, or joint venture firms operating in export processing zones typically benefit from reduced red tape, flexible labor laws, generous long-term tax holidays and concessions, above-average communications services and infrastructure (and often subsidized utilities and rental rates), and unlimited duty-free imports of raw and intermediate inputs and capital goods needed for production. In this review of experience, Madani concludes that export processing zones have limited applications; the better policy choice is to liberalize a country's entire economy. Under certain conditions - including appropriate setup and good management - export processing zones can play a dynamic role in a country's development, but only as a transitional step in an integrated movement toward general liberalization of the economy (with revisions as national economic conditions change). The World Bank, writes Madani, should be cautious about supporting export processing zone projects, doing so only on a case-by-case basis, only with expert guidance, and only as part of a general reform package. It should not support isolated export processing zone projects in unreformed or postreform economies (in the last case they might encourage backsliding on trade policy). In general, if a policy is good for the economy as a whole, it is likely to be good for an export processing zone. Sound policy will encourage: · Sound, stable monetary and fiscal policies, clear private property and investment laws, and a business-friendly economic environment. · Moderate, simplified (but not overfriendly) corporate tax schedules, and generally liberal tariffs and other trade taxes. · Private development and management of export processing zones and their infrastructure and unsubsidized utilities. · Labor laws that are business-friendly but do not abuse workers' safety and labor rights. · A better understanding of the impact of industrial refuse on the quality of air, soil, water, and human health. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to understand the impact of trade policy and trade policy tools on development. The author may be contacted at dmadaniworldbank.org
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  • 88
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Loayza, Norman What Drives Private Saving around the World?
    Keywords: Capital Gains ; Central Bank ; Currencies and Exchange Rates ; Debt Markets ; Demographic ; Developing Countries ; Developing Country ; Disposable Income ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policy ; Housing Lending ; Income ; Inequality ; Inflation Episodes ; Interest ; Interest Rate ; Interest Rates ; Liberalization ; Macroeconomics and Economic Growth ; Pension ; Pension System ; Poverty Reduction ; Prices ; Private Saving ; Private Sector Development ; Pro-Poor Growth ; Public Policies ; Trade ; Capital Gains ; Central Bank ; Currencies and Exchange Rates ; Debt Markets ; Demographic ; Developing Countries ; Developing Country ; Disposable Income ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policy ; Housing Lending ; Income ; Inequality ; Inflation Episodes ; Interest ; Interest Rate ; Interest Rates ; Liberalization ; Macroeconomics and Economic Growth ; Pension ; Pension System ; Poverty Reduction ; Prices ; Private Saving ; Private Sector Development ; Pro-Poor Growth ; Public Policies ; Trade
    Abstract: March 2000 - Saving rates vary considerably across countries and over time. Policies that spur development are an indirect but effective way to raise private saving rates - which rise with the level and growth rate of real per capita income. Loayza, Schmidt-Hebbel, and Servén investigate the policy and nonpolicy factors behind saving disparities, using a large panel data set and an encompassing approach including several relevant determinants of private saving. They extend the literature in several dimensions by: · Using the largest data set on aggregate saving assembled to date. · Using panel instrumental variable techniques to correct for endogeneity and heterogeneity. · Performing robustness checks on changes in estimation procedures, data samples, and model specification. Their main empirical findings: · Private saving rates show considerable inertia (are highly serially correlated even after controlling for other relevant factors). · Private saving rates rise with the level and growth rate of real per capita income. So policies that spur development are an indirect but effective way to raise private saving rates. · Predictions of the life-cycle hypothesis are supported in that dependency ratios generally have a negative effect on private saving rates. · The precautionary motive for saving is supported by the finding that inflation - conventionally taken as a summary measure of macroeconomic volatility - has a positive impact on private saving, holding other facts constant. · Fiscal policy is a moderately effective tool for raising national saving. · The direct effects of financial liberalization are largely detrimental to private saving rates. Greater availability of credit reduces the private saving rate; financial depth and higher real interest rates do not increase saving. This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to understand the determinants of saving in developing countries. The study was funded by the Bank's Research Support Budget under the research project Saving in the World: Puzzles and Policies (RPO 681-36). The authors may be contacted at nloayzaworldbank.org or lserven@worldbank.org
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  • 89
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (72 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Alcázar, Lorena The Buenos Aires Water Concession
    Keywords: Debt Markets ; Decision Making ; Economics ; Emerging Markets ; Environment ; Environmental Economics and Policies ; Finance and Financial Sector Development ; Financial Literacy ; Incentives ; Income ; Industry ; Information ; Information Asymmetries ; Infrastructure Economics ; Infrastructure Economics and Finance ; Interest ; Investment ; Marginal Cost ; Outcomes ; Perverse Incentives ; Prices ; Private Sector Development ; Productivity ; Regulation ; Revenues ; Supply ; Taking ; Tariffs ; Town Water Supply and Sanitation ; Urban Water Supply and Sanitation ; Water ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water and Industry ; Welfare Effects ; Debt Markets ; Decision Making ; Economics ; Emerging Markets ; Environment ; Environmental Economics and Policies ; Finance and Financial Sector Development ; Financial Literacy ; Incentives ; Income ; Industry ; Information ; Information Asymmetries ; Infrastructure Economics ; Infrastructure Economics and Finance ; Interest ; Investment ; Marginal Cost ; Outcomes ; Perverse Incentives ; Prices ; Private Sector Development ; Productivity ; Regulation ; Revenues ; Supply ; Taking ; Tariffs ; Town Water Supply and Sanitation ; Urban Water Supply and Sanitation ; Water ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water and Industry ; Welfare Effects
    Abstract: April 2000 - Transparent, rule-based decisionmaking is important to maintaining public trust in regulated infrastructure. The Buenos Aires water and sanitation concession led to remarkable improvements in delivery and coverage of services and to lower prices for consumers. But a poor information base, lack of transparency in regulatory decisions, and the ad hoc nature of executive branch interventions make it difficult to reassure consumers that their welfare is being protected and that the concession is sustainable. The signing of a concession contract for the Buenos Aires water and sanitation system in December 1992 attracted worldwide attention and caused considerable controversy in Argentina. It was one of the world's largest concessions, but the case was also interesting for other reasons. The concession was implemented rapidly, in contrast with slow implementation of privatization in Santiago, for example. And reform generated major improvements in the sector, including wider coverage, better service, more efficient company operations, and reduced waste. Moreover, the winning bid brought an immediate 26.9 percent reduction in water system tariffs. Consumers benefited from the system's expansion and from the immediate drop in real prices, which was only partly reversed by subsequent changes in tariffs and access charges. And these improvements would probably not have occurred under public administration of the system. Still, as Alcázar, Abdala, and Shirley show, information asymmetries, perverse incentives, and weak regulatory institutions could threaten the concession's sustainability. Opportunities for the company to act opportunistically - and the regulator, arbitrarily - exist because of politicized regulation, a poor information base, serious flaws in the concession contract, a lumpy and ad hoc tariff system, and a general lack of transparency in the regulatory process. Because of these circumstances, public confidence in the process has eroded. The Buenos Aires concession shows how important transparent, rule-based decisionmaking is to maintaining public trust in regulated infrastructure. This paper - a product of Regulation and Competition Policy, Development Research Group - is part of a larger effort in the group to analyze institutional issues in regulated infrastructure. The study was funded by the Bank's Research Support Budget under the research project Institutions, Politics, and Contracts: Private Sector Participation in Urban Water Supply (RPO 681-87). Mary Shirley may be contacted at mshirleyworldbank.org
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  • 90
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Eskel, S. Gunnar Externalities and Production Efficiency
    Keywords: Commodity Taxes ; Economic Welfare ; Economics ; Efficiency ; Emission Standards ; Emission Tax ; Emissions ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Management ; Environmental Protection ; Externalities ; Macroeconomics and Economic Growth ; Marginal Costs ; Polluters ; Pollution ; Pollution Abatement ; Pollution Management and Control ; Production ; Revenue ; Taxation ; Taxation and Subsidies ; Taxes ; Commodity Taxes ; Economic Welfare ; Economics ; Efficiency ; Emission Standards ; Emission Tax ; Emissions ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Management ; Environmental Protection ; Externalities ; Macroeconomics and Economic Growth ; Marginal Costs ; Polluters ; Pollution ; Pollution Abatement ; Pollution Management and Control ; Production ; Revenue ; Taxation ; Taxation and Subsidies ; Taxes
    Abstract: April 2000 - Environmental improvements should be sought from different polluters (public or private, producer or consumer, rich or poor) at the same cost, regardless of the nature of the polluting activity. Under a plausible structure of monitoring costs, emissions standards play a central role. Eskeland brings together two of government's primary challenges: environmental protection and taxation to generate revenues. If negative externalities can be reduced not only by changes in consumption patterns but also by making each activity cleaner (abatement efforts), how shall inducements to various approaches be combined? If negative externalities are caused by agents as different as consumers, producers, and government, how does optimal policy combine inducements to reduce pollution? Intuitively it seems right to tax emissions neutrally, based on marginal damages - no matter which activity pollutes or whether the polluter is rich or poor, consumer or producer, private or public. Eskeland provides a theoretical basis for such simplicity. Three assumptions are critical to his analysis: · Returns to scale do not influence the traditional problem of revenue generation. · Consumers have equal access to pollution abatement opportunities (but he also relaxes this assumption). · Planners can differentiate policy instruments (emission taxes or abatement standards) by polluting good, and by whether the polluter is a consumer, producer, or government, but they cannot differentiate such instruments (or commodity taxes) by personal characteristics or make them nonlinear in individual emissions. Among Eskeland's findings and conclusions: Abatement efforts and consumption adjustments at all stages are optimally stimulated by a uniform emission tax levied simply where emissions occur. It simplifies things that optimal abatement is independent of whether the car is used by government, firms, or households - for weddings or for work. It also simplifies implementation that the stimulus to abatement at one stage (say, the factory) is independent of whether it yields emission reductions from the factory or from others (say, from car owners who buy the factory's products). Finally, ministers of finance and of the environment should coordinate efforts, but they need not engage in each other's business. The minister of environment need not know which commodities are elastic in demand and thus would bear a low commodity tax. The finance minister need not know which commodities or agents pollute or who pays emission taxes. This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to establish principles for public intervention. The author may be contacted at geskelandworldbank.org
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  • 91
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Venables, Anthony The Geography of International Investment
    Keywords: Debt Markets ; Development ; Economic Geography ; Economic Size ; Economic Theory and Research ; Emerging Markets ; Exports ; Externalities ; Finance and Financial Sector Development ; Financial Literacy ; Fixed Costs ; Foreign Direct Investment ; GDP ; Goods ; Income ; Industrial Economies ; Inputs ; International Economics & Trade ; Investment ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Mergers ; Non Bank Financial Institutions ; Private Sector Development ; Production ; Social Protections and Labor ; Theory ; Trade ; Trade and Regional Integration ; Transition Economies ; Transport ; Transport Economics, Policy and Planning ; Value ; Variable Costs ; Debt Markets ; Development ; Economic Geography ; Economic Size ; Economic Theory and Research ; Emerging Markets ; Exports ; Externalities ; Finance and Financial Sector Development ; Financial Literacy ; Fixed Costs ; Foreign Direct Investment ; GDP ; Goods ; Income ; Industrial Economies ; Inputs ; International Economics & Trade ; Investment ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Mergers ; Non Bank Financial Institutions ; Private Sector Development ; Production ; Social Protections and Labor ; Theory ; Trade ; Trade and Regional Integration ; Transition Economies ; Transport ; Transport Economics, Policy and Planning ; Value ; Variable Costs
    Abstract: May 2000 - Multinationals have become increasingly important to the world economy. Overseas production by U.S. affiliates is three times U.S. exports, for example. Who is investing where, for sales where? Much foreign direct investment is between high-income countries, but investment in some developing and transition regions, while still modest, grew rapidly in the 1990s. Adjusting for market size, much investment stays close to home; adjusting for distance, much heads toward the countries with the biggest markets. Foreign direct investment is more geographically concentrated than either exports or production. Thus U.S. affiliate production in Europe is 7 times U.S. exports to Europe; that ratio drops to 4 for all industrial countries and to 1.6 for developing countries. Multinational activity in high-income countries is overwhelmingly horizontal, involving production for sale to the host country market. In developing countries, a greater proportion of multinational activity is vertical, involving manufacturing at intermediate stages of production. Thus only 4 percent of U.S. affiliate production in the European Union is sold back to the United States, whereas for developing countries the figure is 18 percent, rising to 40 percent for Mexico. Similarly, less than 10 percent of Japan's affiliate production in the EU is sold back to Japan, compared with more than 20 percent in developing countries. In models of horizontal activity, the decision to go multinational is a tradeoff between the additional fixed costs involved in setting up a new plant and the savings in variable costs (transport costs and tariffs) on exports. In models of vertical activity, direct investment is motivated by differences in factor costs. Tariffs and transport costs both encourage vertical multinational activity (by magnifying differences in factor prices) and discourage it (by making trade between headquarters and an affiliate more expensive). The major outward investors carry out much horizontal investment in large markets. For U.S. investors, this means Europe, especially the United Kingdom; for Japan and Europe, it means the United States. Most EU investments, however, stay within the EU. The major outward investors carry out much of their vertical investment closer to home: the United States, in Mexico; the EU, in Central and Eastern Europe; Japan, in Asia. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study the location of economic activity. Anthony J. Venables may be contacted at a.j.venableslse.ac.uk
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  • 92
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Agénor, Pierre-Richard Savings and the Terms of Trade under Borrowing Constraints
    Keywords: Arbitrage ; Capital Markets ; Consumers ; Consumption ; Economic Theory and Research ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Income ; Liquidity ; Macroeconomic Shocks ; Macroeconomics ; Macroeconomics and Economic Growth ; Marginal Utility ; Open Economy ; Permanent Income ; Political Economy ; Prices ; Private Sector Development ; Real GDP ; Real Interest Rate ; Savings ; Trade ; Utility ; Variables ; Welfare ; Arbitrage ; Capital Markets ; Consumers ; Consumption ; Economic Theory and Research ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Income ; Liquidity ; Macroeconomic Shocks ; Macroeconomics ; Macroeconomics and Economic Growth ; Marginal Utility ; Open Economy ; Permanent Income ; Political Economy ; Prices ; Private Sector Development ; Real GDP ; Real Interest Rate ; Savings ; Trade ; Utility ; Variables ; Welfare
    Abstract: June 2000 - When households face the possibility of borrowing constraints in bad times, favorable movements in the permanent component of the terms of trade may lead to higher rates of private savings. Agénor and Aizenman examine the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings. Using a simple three-period model, they show that if households expect to face binding constraints on borrowing in bad states of nature (when the economy is in a long trough rather than a sharp peak), savings rates will respond asymmetrically to favorable movements in the permanent component of the terms of trade-in contrast with the predictions of conventional consumption-smoothing models. They test for asymmetric effects of terms-of-trade disturbances using an econometric model that controls for various standard determinants of private savings. The results-based on panel data for nonoil commodity exporters of Sub-Saharan Africa for 1980-96 (a group of countries for which movements in the terms of trade have traditionally represented a key source of macroeconomic shocks)-indicate that increases in the permanent component of the terms of trade (measured using three alternative filtering techniques) indeed tend to be associated with higher rates of private savings. This paper is a product of Economic Policy and Poverty Reduction, World Bank Institute. Pierre-Richard Agénor may be contacted at pagenorworldbank.org
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  • 93
    Online Resource
    Online Resource
    [Erscheinungsort nicht ermittelbar] : El Colegio de México
    ISBN: 9786076288726
    Language: Undetermined
    Pages: 1 Online-Ressource
    Keywords: Economics
    Abstract: Un análisis basado en documentos de orden financiero correspondientes al periodo entre 1750 y 1821 y abarcando las doce intendencias del virreinato, que muestra cómo a partir de la orden impuesta por Carlos III de establecer un sistema para la administración municipal en La Nueva España, se produce un importante cambio. El giro que toman las decisiones con motivo de dicha orden, se refleja en todos los aspectos de la vida cotidiana: la relación de los gobernantes indígenas con las autoridades eclesiásticas y civiles del virreinato; las actividades locales; el establecimiento de escuelas primarias y la subsistencia de los maestros, son los aspectos centrales de este estudio en este periodo de la historia de México
    Note: Spanish
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  • 94
    ISBN: 3891730551
    Language: German
    Pages: 201 S , zahlr. Tab. , 23 cm
    DDC: 909/.097671/071143
    RVK:
    RVK:
    RVK:
    Keywords: Orientalistik ; Arabistik ; Turkologie ; Iranistik ; Islamkunde ; Forschungseinrichtung ; Deutschland Orientalistik/Orientforschung ; Islamkunde ; Länder- und Regionalforschung ; Turkologie/Türkeiforschung ; Arabistik/Arabische Studien ; Semitistik ; Forschungsinstitut ; Bibliothek ; Wissenschaftliche Vereinigung ; Forschungsgegenstand ; Forschungsinstitut ; Forschung ; Forschung und Lehre ; Informations- und Dokumentationseinrichtung ; Multidisziplinäre Forschung ; Internationale Zusammenarbeit ; Wissenschaftler/Forscher ; Islamische Länder/Islamische Welt ; Germany Near and Middle East studies ; Islamic studies ; Area studies ; Turkish studies ; Arab studies ; Semitic studies ; Research institutes ; Libraries ; Scientific and research associations ; Subjects of research ; Research institutes ; Research ; Research and teaching ; Information and documentation centres ; Multidisciplinary research ; International cooperation ; Academics/researchers ; Islamic countries/Islamic world ; Sprachwissenschaft Literaturwissenschaft ; Kulturgeschichte ; Sozialgeschichte ; Religionsgeschichte ; Geographie ; Politische Wissenschaft ; Ethnologie/Volkskunde ; Soziologie ; Rechtswissenschaft ; Hochschule ; Wirtschaftswissenschaften ; Linguistics Study of literature ; Cultural history ; Social history ; History of religion ; Geography ; Political science ; Ethnology ; Sociology ; Jurisprudence ; Universities ; Economics ; Deutschland ; a ; Islamic countries ; Study and teaching (Higher) ; Germany ; a ; Islamic countries ; Research ; Germany ; a ; Islamic countries ; Study and teaching (Higher) ; Germany ; a ; Islamic countries ; Research ; Germany ; Verzeichnis ; Verzeichnis ; Deutschland ; Islamwissenschaft ; Umfrage ; Geschichte 1996-1997
    Note: Includes bibliographical references (p. 192-197)
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  • 95
    Online Resource
    Online Resource
    New York : Palgrave Macmillan US
    ISBN: 9781137056290
    Language: English
    Pages: 1 Online-Ressource (X, 153 p)
    Edition: Springer eBook Collection. Humanities, Social Sciences and Law
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Keywords: Management science ; Culture Study and teaching ; Ethnology Middle East ; Economics
    Abstract: As the 1998 annual World Bank assessment soberly observed: "No country in recent history, let alone one the size of Indonesia, has ever suffered such a dramatic reversal of fortune." Since the middle of 1997, we have witnessed momentous and tragic events in Indonesia. Nobody foresaw the events, and many ordinary Indonesians have experienced a substantial decline in their living standards. This book describes and analyzes Indonesia s most serious economic crisis against the general backdrop of economic decline in Southeast Asia. It also looks to the future, considering Indonesia's immediate policy challenges to overcome the crisis and dwelling on some of the key longer-term policy challenges raised by the crisis
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    URL: Volltext  (lizenzpflichtig)
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  • 96
    ISBN: 9780230501034
    Language: English
    Pages: Online-Ressource (XVI, 376 p, online resource)
    Series Statement: SpringerLink
    Series Statement: Bücher
    Series Statement: Springer eBook Collection
    Series Statement: Palgrave Economics & Finance Collection
    Series Statement: Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
    Parallel Title: Erscheint auch als
    Parallel Title: Printed edition
    Keywords: Economics ; International economics ; Macroeconomics ; International economic relations.
    Abstract: An authoritative and comprehensive guide to major economic policy issues in Denmark. Leading Danish and international economists discuss, in comparative context, the Danish economy's performance in the last 40 years, and assess the challenges which Denmark - in common with other small, open economies - faces in the global economy today. Major features include the continuing of academic analysis with policy-making experience and expertise, and the examination of topical issues including the impact of EMU on 'outsider' nations
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  • 97
    ISBN: 9780333983539
    Language: English
    Pages: Online-Ressource (X, 220 p, online resource)
    Series Statement: SpringerLink
    Series Statement: Bücher
    Series Statement: Springer eBook Collection
    Series Statement: Palgrave Economics & Finance Collection
    Series Statement: Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
    Parallel Title: Erscheint auch als
    Parallel Title: Printed edition
    Keywords: Economics ; Political economy ; Economic policy ; Development economics ; International economic relations. ; Economic development.
    Abstract: In this study of the Comparative Political Economy of East and South Asia, the author adopts an interdisciplinary perspective on Third World development, thus recognising the importance of the interrelationships between the economy and the society and emphasising the need to direct attention to political, institutional and historical factors
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  • 98
    Online Resource
    Online Resource
    London : Palgrave Macmillan
    ISBN: 9780333985052
    Language: English
    Pages: Online-Ressource (XII, 242 p, online resource)
    Series Statement: SpringerLink
    Series Statement: Bücher
    Series Statement: Springer eBook Collection
    Series Statement: Palgrave Economics & Finance Collection
    Series Statement: Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
    Parallel Title: Erscheint auch als
    Parallel Title: Printed edition
    Keywords: Economics ; Political economy ; International economics ; Economic growth ; International economic relations. ; Economic development.
    Abstract: This is an authoritative and topical assessment of Ireland's impressive economic growth record which has seen it dubbed 'the Celtic tiger'. Leading scholars from Ireland and beyond discuss Ireland's spectacular performance in its economic, social and political contexts
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  • 99
    Online Resource
    Online Resource
    London : Palgrave Macmillan
    ISBN: 9780333983386
    Language: English
    Pages: Online-Ressource (XVI, 202 p, online resource)
    Series Statement: SpringerLink
    Series Statement: Bücher
    Series Statement: Springer eBook Collection
    Series Statement: Palgrave Economics & Finance Collection
    Series Statement: Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
    Parallel Title: Erscheint auch als
    Parallel Title: Printed edition
    Keywords: Economics ; Economic theory ; International economics ; International business enterprises ; Econometrics. ; International economic relations.
    Abstract: In a previous book The Theory of Value, Capital and Interest , the systemic theory of value was developed for a closed economy. Now the economy is opened and the same theory is applied to international trade. Both books are intended to provide an alternative theoretical paradigm
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  • 100
    Online Resource
    Online Resource
    London : Palgrave Macmillan
    ISBN: 9780333982372
    Language: English
    Pages: Online-Ressource (X, 174 p, online resource)
    Series Statement: SpringerLink
    Series Statement: Bücher
    Series Statement: Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
    Parallel Title: Erscheint auch als
    Keywords: Economics ; International economics ; Microeconomics ; Macroeconomics ; International economic relations.
    Abstract: The first book to provide an integrated treatment of financial and operating strategies to exchange rate variability. The choice of price-setting currency, when and how to adjust prices, the limitations of hedging and segmentation of national markets are some of the issues analyzed. The book investigates the impact of EMU.
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