Trade liberalization and adjustment in Argentina

Don’t Buy from Me Argentina: Politics, Economics, and Trade Liberalization in Argentina, 1992–2001*

Studies in Comparative International Development, Spring 2006, Vol. 41, No. 1, pp. 53-75. Jeffrey Drope is an assistant professor in the Department of Political Science, University of Miami. His recent articles and current research examine the political economy of trade policy and, more generally, how interests and institutions interact to generate policy. Don’t Buy from Me Argentina: Politics,...

Trade Liberalization and Employment

This paper reviews both multi-country and country studies on the impact of trade liberalization on growth and employment in developing countries. These studies reveal sharply contrasting effects of trade liberalization on employment, suggesting that country-specifi c and contingent factors are important. In particular, differences in how trade liberalization is implemented are particularly impo...

Trade liberalization, export orientation and employment in Argentina, Brazil and Mexico

Trade Liberalization and Financial Leverage

This paper argues that trade liberalization has a potentially significant impact on financial leverage. We compare the predictions of the trade-off model of capital structure with the pecking order model. In the first case, we suggest that trade liberalization affects the trade-off between the tax advantages of debt and expected bankruptcy costs. This implies that a reduction in domestic tariff...

Capital Accumulation, Trade Liberalization and Rising Wage Inequality: The Case of Argentina

Capital accumulation can modify the relative productivity between skilled and unskilled workers, leading to changes in the wage structure. In particular, if capital goods are relatively more complementary to skilled workers, a positive correlation between investment in physical capital and the wage premium would be expected. In this paper, we present evidence for this hypothesis by taking advan...