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作者：MUSCATELLI, VA; STEVENSON, AA; MONTAGNA, C
作者单位：University of Dundee
摘要：This paper provides empirical evidence on the extent to which the Asian Newly Industrialised Economies (NIEs) compete in world export markets. Our results support existing studies which emphasise the importance of allowing for intra-LDC competition in modelling an individual developing country's exports. Whilst the Asian NIEs are regarded as a model for other developing countries to emulate, one has to consider whether such an expansion in export supply would be at the expense of OECD economie...
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作者：ENGEL, C
作者单位：National Bureau of Economic Research; Federal Reserve System - USA
摘要：A Markov-switching model is fit for 18 exchange rates at quarterly frequencies. The model fits well in-sample for many exchange rates. By the mean-squared-error criterion, the Markov model does not generate superior forecasts to a random walk or the forward rate. There appears to be some evidence that the forecasts of the Markov model are superior at predicting the direction of change of the exchange rate.
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作者：MUTTI, J
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作者：HERTEL, TW
作者单位：University of Melbourne
摘要：The general equilibrium effects of a tariff in the presence of product differentiation, increasing returns to scale, and non-cooperative, static firm behavior are explored. Optimal markups are treated as endogenous. The subsequent 'procompetitive effects' of tariff reform are systematically related to the nature of the game played by firms. Furthermore, markups are not always increasing in the tariff. This depends on the entry assumptions, of which three are considered: no entry, entry, and do...
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作者：DEARDORFF, AV
摘要：This paper derives a condition for factor price equalization (FPE) in a Heckscher-Ohlin model with many goods, factors, and countries. Using Dixit and Norman's integrated world economy (IWE) two sets, called lenses, are constructed: one spanned by the factor vectors used to produce goods in the IWE; the other spanned by the countries' factor endowments, If the factor-endowment lens ever passes outside the factor-use lens, then FPE is impossible. In this sense, therefore, FPE requires that fact...
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作者：BORDO, MD
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作者：SIBERT, A
摘要：This paper considers the allocation of seigniorage in a common currency area with an independent central bank. It is shown that if the central bank retains autonomy in the allocation of seigniorage, inflation will be suboptimally high and taxes and government spending will be suboptimally low. Constitutionally mandating the rate of money growth will result in optimal inflation, but taxes and government spending will be too low. As long as consumers do not put too much weight on public good con...
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作者：GRESIK, TA; NELSON, DR
作者单位：Tulane University
摘要：Transfer prices are administered charges for intra-firm transfers of factors of production. For a multinational firm, transfer prices for international transfers provide the means to redistribute costs and increase global profits given variations in national tax and profit repatriation policies. Local regulation of a subsidiary may thus be necessary to limit the welfare costs of strategic transfer pricing. Prusa (Journal of International Economics, 1990, 28, 155-172) characterizes the welfare-...
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作者：VELASCO, A
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作者：QIU, LD
作者单位：University of British Columbia
摘要：When cost is private information in the Brander-Spencer model, the home government is confronted by a decision of choosing between two policy options: a menu of policies and a uniform policy. The former induces separation and so reveals the cost information to the foreign competitors. The latter helps the weak firm by concealing the cost information. The main result from this study is that policy menu is preferred to uniform policy under Cournot competition while the opposite occurs under Bert...
