Iran has suffered ever-increasing domestic energy consumption, mostly because of its long-standing price control policy. To decelerate this trend, Iran began a reform on its energy subsidy system in December 2010. This paper examines the inflationary impact of the energy subsidy reform on different Iranian non-energy sectors and urban and rural households by making an updated input–output...

This paper presents a potential solution to the home bias puzzle based on a new open economy macroeconomics model. In response to technology shocks, sticky prices generate a negative correlation between labor income and the profits of domestic firms, leading to home bias in equity holdings. In contrast, under flexible prices, labor income and the profits of the domestic firms are positively cor...

Recent years have seen a resurgent interest in large scale input subsidies, and particularly fertilizer subsidies, in agricultural development and food security policies in Africa. Very high global grain prices in the first part of 2008 appeared to make such subsidies even more attractive, but this was complicated by even more dramatic rises in fertilizer prices. Global grain and fertiliser pri...

This paper uses firm-level data to determine if there are systematic differences in the export and domestic prices charged by Taiwanese electronics producers. The analysis exploits new micro data that allow us to measure firm-level prices in both the domestic and export market for each of 30 disaggregated products in 1986 and 24 products in 1991. We find a substantial difference in the average ...

the amount of impacts of changes in world prices on economic indices of a country can be studied focusing economy's openness level and volume of the country's interaction with other countries. the increase in world prices in recent years, in one hand and the consistent increase of domestic inflation in the other hand put special importance upon surveying the impacts level of the world...

The price transmission from the international market to the domestic market of tunas was investigated in the present research. For this purpose, the elasticity of substitution between tuna imports with goods produced in Iran (Armington Elasticity) was calculated. Armington elasticity reflects a degree of substitution between commodities produced domestically and those produced abroad. A greater...

This paper reviews recent developments in China’s fishery and aquaculture sectors, as well as the policies affecting rural households in general and fisheries households in particular. It explores how China’s policies may change as a result of the nation joining the World Trade Organization (WTO) in December 2001 and the likely impacts of these changes on China’s fishery and aquaculture sector....

A currency area can be a self-validating optimal policy regime, even when monetary unification does not foster real economic integration and intra-industry trade. In our model firms choose the degree of exchange rate pass-through onto export prices accounting for expected monetary policies, and monetary authorities choose optimal policy rules taking firms’ pass-through as given. We show that th...

We present a first analysis of auction markets for specialty food products. We identify auction prices, trade volume and value for domestic and foreign origin specialty ham with geographical indications (GIs) which were actually sold in online auctions in Germany within a one-month period. Applying hedonic modeling, we examine potential factors that may influence online bidding behavior and fin...