The Korean insurance industry is pursuing liberalization, breaking away from the former protective measures against foreign competition. Especially in the reinsurance market, which has been more international in nature, gradual liberalization has already been progressed since 1984. The restriction on the level of retention limit per risk and the requirement that Korean direct insurers must cede...

This paper explores the dynamic effects of trade liberalization on tax revenue using a worldwide panel dataset. Results point to statistically significant negative effect (non- resource) revenues in short term and no medium term. Liberalization also alter structure tilting toward indirect taxes away from direct ones. Economies which have implemented value added prior mitigated its revenues. The...

This paper quantifies the effects of trade liberalization on local labor market outcomes and workers’ migration patterns. I extend the classic specific-factors model to examine the impact of national price changes on local labor markets. The model describes how tariff changes across industries affect wages in local labor markets within the liberalizing country. In particular, wages will fall in...

In recent years, it has been encouraging to watch the developmental non-governmental organizations (NGOs) become more sophisticated in their thinking on the benefits of trade liberalization. NGOs such as Public Citizen that are against all forms of liberalization are now rare. Most NGOs including, for example, Oxfam, Christian Aid and Action Aid today agree that poor countries would benefit fro...

• This counterintuitive finding reflects two key characteristics about energy markets: the worldwide increase in renewable energy sources whose output is intermittent and variable; and greater market liberalization, which has made the spot pricing of electricity more volatile. The intermittency of renewable energy sources requires backup generation, typically from generators using fossil fuels....

in this paper, besides of studying and reviewing the theoretical analysis of the trade liberalization and industrial growth, the effect of trade liberalization on productivity in the industrial sector of the iran`s economy are investigated. in this study, a translog cost function and sur model for the period of 1974-2006 are used in order to evaluate the trade liberalization variable. at first,...

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...

The overall goal of this paper is to examine the impacts of trade liberalization on China's agriculture, in general, and poverty, in particular. The impacts on agriculture are analyzed by commodity and by region. Because different farmers (especially those in different income brackets) produce diverse sets of commodities, themain part of our paper analyzes the effects on households and their im...

this study examined the effects of trade liberalization and exchange rate changes on carbohydrate staples in nigeria. secondary data published from 1974 to 2006 on cassava exports and rice imports as well as non-tradable carbohydrate staples were used. it was hypothesized that exchange rate changes and trade liberalization via price relatives, trade intensity and nominal protection coefficient ...