This paper uses a new methodology that factors in general equilibrium effects to estimate the potential impacts of the World Trade Organization’s Trade Facilitation Agreement (TFA).
This paper provides a narrative of Sri Lanka’s history of twin fiscal and current account deficits. It examines the macroeconomic outcomes and policies to deal with the imbalances.
South Asia Subregional Economic Cooperation countries have to invest in improving connectivity to reduce transport times and increase reliability to major markets.
South Asia Subregional Economic Cooperation countries can improve their trade facilitation performances as a way to promote innovation. Shorter trade times encourage the introduction of new projects and management systems at firm levels.
The phenomenon of the middle-income trap is problematic because it has not been defined and has not been studied theoretically. The idea of a trap implies that economies are stuck, which is not what this paper finds.
This paper uses Annual Survey of Industries data at the 3-digit level and employ a difference-in-differences strategy to shed light on the empirical importance of factors commonly believed to be constraining formal Indian manufacturing.