We develop a three-country version of the Helpman, Melitz and Yeaple (2004) model with firm heterogeneity, industry heterogeneity and country heterogeneity to study firms’ foreign market entry strategies. We show that (i) for any single host country, the export-FDI cutoff is higher in more skill-intensive industries than in less skillintensive industries; and (ii) for any single industry, the c...

Capital-account liberalization was once seen as an inevitable step along the path to economic development for poor countries. Liberalizing the capital account, it was said, would permit financial resources to flow from capitalabundant countries, where expected returns were low, to capital-scarce countries, where expected returns were high. The flow of resources into the liberalizing countries w...

Trade liberalization episodes are usually analyzed in a horizontal dimension, that is, the movement of resources across sectors due to relative price changes. This perspective underestimates an element present in many liberalization processes: the opening access of foreign ...rms to produce and sell locally. As long there exist productivity di¤erences between native and foreign ...rms and depen...

computable general equilibrium models are known as a powerful instrument in economic analyses and widely have been used in order to evaluate trade liberalization effects. the purpose of this study was to provide the impacts of trade openness on pharmaceutical industry using cge model.using a computable general equilibrium model in this study, the effects of decrease in tariffs as a symbol of tr...

BACKGROUND Computable general equilibrium models are known as a powerful instrument in economic analyses and widely have been used in order to evaluate trade liberalization effects. The purpose of this study was to provide the impacts of trade openness on pharmaceutical industry using CGE model. METHODS Using a computable general equilibrium model in this study, the effects of decrease in tar...

Polarizing Mexico: The Impact of Liberalization Strategy by Enrique DUSSELPETERS, Boulder, Colorado: Lynne Rienner Publishers, 2000, 249 pp., ISBN 1-55587-861-X (bound). Growth, Employment and Equity: The Impact of the Economic Reforms in Latin America and the Caribbean by Barbara STALLINGS and Wilson PERES, Washington, D.C.: Brookings Institution Press and United Nations Economic Commission fo...

Rules governing the global environment and the international economy are currently decided in separate arenas. Yet, environmental agreements can have strong economic implications, particularly with the growing use of market mechanisms. Economic liberalization rules, meanwhile, may limit the effectiveness of environmental agreements. This paper assesses the potential interaction between one impo...

Mexico, in its quest for economic growth, moved from an import substituting inward-oriented policy regime towards an outward oriented trade regime since the introduction of the economic reform in 1985. In the form of stocktaking, this study examines the impact of trade liberalization (openness) on long run economic growth in Mexico by using data from 1980:q1 to 2008:q4 with the help of cointegr...

Corruption has become an issue of major political and economic relevance in recent years. This has led to a resurgence of interest in analyzing the phenomenon and the diverse forms that it assumes in developing politics with an expectation that democratization and economic liberation offer potential routes to dealing with the problem. Anti-corruption strategies range from institutional reforms ...