Wage Formation: Towards Isolating Search and Bargaining Effects from the Marginal Product
In: The economic journal: the journal of the Royal Economic Society, Band 127, Heft 603, S. 1693-1729
ISSN: 1468-0297
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In: The economic journal: the journal of the Royal Economic Society, Band 127, Heft 603, S. 1693-1729
ISSN: 1468-0297
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In: Journal of international economics, Band 108, S. 315-337
ISSN: 0022-1996
In: Cahiers de Recherche du GRÉDI, No 14-09
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Working paper
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The objective of this paper is to evaluate the extent to which trade agreements affect agricultural trade policy volatility. Using a new panel database compiled as part of the World Bank's agricultural distortions research project, the author estimate the effect of regionalism on the volatility of price distortions measured by the absolute value of their first differences, averaged, for each country and year, over all agricultural goods. Using an instrumental-variable approach to correct for the endogeneity of regional trade agreements, (RTAs), the author fined that participation in RTAs has a significantly negative effect on agricultural trade-policy volatility. The author find that the World Trade Organization (WTO) agricultural agreement also contributed to reducing agricultural trade-policy volatility, in spite of the weak disciplines involved, but the effect is only weakly identified. The results are robust to a variety of robustness checks and hold, in particular, for the Latin American sub-sample.
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In: EEREV-D-22-00422
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In: IMF Working Paper No. 20/203
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In: IZA Discussion Paper No. 16070
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