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Corruption and Bilateral Trade Flows: Extortion or Evasion?
We analyze the impact of corruption on bilateral trade, highlighting its dual role in terms of extortion and evasion. Corruption taxes trade, when corrupt customs officials in the importing countryExpand
On the Efficiency Effects of Subsidies in Microfinance: An Empirical Inquiry
Summary Using an original database of rating agencies, this paper gives empirical evidence on the impact of subsidy intensity on the efficiency of Microfinance Institutions (MFIs). We find thatExpand
Spillovers and the competitive pressure for long-run innovation
This paper discusses the impact of oligopolistic product markets for innovation and growth, highlighting a novel, fundamental role of spillovers. We develop a model of endogenous growth withExpand
Trade-related issues in the regulation of genetically modified organisms
This paper examines some of the trade-related aspects of the transatlantic conflict over agricultural biotechnology regulation. We first review the notion of 'regulatory protectionism' and theExpand
Corruption and Bilateral Trade Flows: Extortion or Evasion?
We analyze the impact of corruption on bilateral trade, highlighting its dual role in terms of extortion and evasion. Corruption taxes trade, when corrupt customs officials in the importing countryExpand
Remittances and Domestic Investment in Developing Countries: An Analysis of the Role of Financial Sector Development
This paper addresses the relationship between remittances and home country investment in developing countries. It highlights, through both a theoretical model and an empirical analysis, the role ofExpand
With Whom do You Trade? Defensive Innovation and the Skill-Bias
We examine whether increased trade with countries with ineffective protection of intellectual property has contributed to the skill-deepening of the 1980s. We construct an index of effectiveExpand
Globalization, Wage Volatility, and the Welfare of Workers
This paper analyzes the effects of trade liberalization on the level and volatility of factor returns, in a model with identical technologies across industries and industry-specific uncertainty. TheExpand
Import-competition, market power and productivity change
We explore how the competitive pressure of imports affects productivity, at the firm level. There are two conflicting effects of import-competition: the pro-competitive effect fosters productivity,Expand
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