Economics Dictionary of ArgumentsHome
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| Developing countries: Developing countries are sovereign states with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. They are characterized by lower standards of living and poorer health, education, and infrastructure compared to developed countries. See also Development economics._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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IMF Working Papers on Developing Countries - Dictionary of Arguments
Ostry I 19 Developing countries/tariffs/Furceri/Hannan/Ostry/Rose: (…) for advanced economies, the decline in output after tariff increases is larger than in the baseline. >Tariff increase. Similarly, the effect on productivity is higher than in the baseline for advanced economies, but lower for other economies. One of the reasons for the different effects in advanced and emerging/developing economies could be due to the differential impact of trade liberalization. Leibovici and Crews (2018)(1) provide suggestive evidence that the potential gains from trade liberalization differ based on a country’s income level. Factors like financial development, limited infrastructure, and limited human capital prevent EMDEs ((s) Emerging Market and Developing Economies) from increasing production to sell internationally following trade liberalization. Consequently, EMDEs are disproportionally less affected during trade protectionism episodes, since they reap less benefits from trade liberalization to begin with. >Developing countries, >Tariffs, >Tariff impacts. 1. Leibovici, Fernando, and Jones Crews, 2018, “Trade Liberalization and Economic Development,” Economic Synopses, No. 13, Economic Research, Federal Reserve Bank of St. Louis. https://research.stlouisfed.org/publications/economic-synopses/2018/04/20/tradeliberalization-and-economic-development._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
IMF Working Papers Ostry I Jonathan D. Ostry Davide Furceri Andrew K. Rose, Macroeconomic Consequences of Tariffs. IMF Working Paper. WP/19/9.International Monetary Fund. Washington, D.C. 2019 |
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