Trinity College Dublin

Displaying 1-40 of 129 results

  • White Papers // Sep 2011

    External Imbalances And Macroeconomic Policy In New Zealand

    This paper has emphasized that New Zealand's external imbalances should influence the design and conduct of its macroeconomic policies. In terms of growth performance, excessive external deficits limit the size of the tradables sector and thereby constrain productivity growth. In terms of stability, a large stock of external liabilities leaves...

    Provided By Trinity College Dublin

  • White Papers // Sep 2011

    Corporation Tax: How Important Is The 12.5 % Corporate Tax Rate In Ireland?

    There has been considerable recent controversy and complaints about the corporate tax rate in Ireland. For example that it is an unfair 'Beggar thy neighbour' type policy; that it induces tax competition to the detriment of other countries in reducing their tax revenues; that Ireland needs tax, why not increase...

    Provided By Trinity College Dublin

  • White Papers // Sep 2011

    The Cyclical Conduct Of Irish Fiscal Policy

    This paper provides an overview of the cyclical conduct of fiscal policy in Ireland both before and during the crisis. It shows that fiscal policy has been procyclical, with financial shocks amplifying the fiscal cycle. In addition, it highlights the importance of institutional reform and outlines the case for a...

    Provided By Trinity College Dublin

  • White Papers // Aug 2011

    Getting Stuck At The Bottom? Migrant Labour In The Irish Hospitality Industry In Boom And Recession

    It is frequently claimed that Europe and the USA need immigration because there are jobs which the natives are no longer prepared to do. This argument is widespread, but its casual acceptance is astonishing. It goes against a long tradition within sociology which assumes a long term secular upgrading of...

    Provided By Trinity College Dublin

  • White Papers // Aug 2011

    External Adjustment And The Global Crisis

    The period preceding the global financial crisis was characterized by a substantial widening of current account imbalances across the world. Since the onset of the crisis, these imbalances have contracted to a significant extent. In this paper, the authors analyze the ongoing process of external adjustment in advanced economies and...

    Provided By Trinity College Dublin

  • White Papers // Aug 2011

    Economic Integration And The Optimal Corporate Tax Structure With Heterogeneous Firms

    The authors study the optimal combination of corporate tax rate and tax base in a model of a small open economy with heterogeneous firms. They show that it is optimal for the small country's government to effectively subsidize capital inputs by granting a tax allowance in excess of the true...

    Provided By Trinity College Dublin

  • White Papers // Aug 2011

    The Impact Of WTO Agricultural Trade Rules On Food Security And Development: An Examination Of Proposed Additional Flexibilities For Developing Countries

    Disciplines on agricultural trade measures and trade-distorting domestic subsidies to agriculture were included for the first time in the Uruguay Round Agreement on Agriculture (AoA) which came into force for WTO member countries in 1995. Since then, there has been a continuing debate over whether these disciplines are appropriate for...

    Provided By Trinity College Dublin

  • White Papers // Aug 2011

    The Informationalization Of Poverty In Africa? Information And Communication Technologies And Economic Structure

    The failure of neoliberalism in Africa led to its revinvention through the use of a variety of concepts such as governance and social capital over the last number of decades (Carmody, 2007). This failure of market reforms was blamed on a lack of social capital or poor governance, while the...

    Provided By Trinity College Dublin

  • White Papers // Aug 2011

    After The Party's Over: The Irish Employment Model And The Paradoxes Of Non-Learning

    Until 2008 Ireland was the poster boy of neo-liberal politicians. With its economic growth for over two decades at times reaching Asian proportions, the so-called Celtic Tiger apparently demonstrated the veracity of liberal economic principles: global openness, low taxation and a flexible labour market. Ireland was held up as a...

    Provided By Trinity College Dublin

  • White Papers // Aug 2011

    Bilateral Portfolio Dynamics During The Global Financial Crisis

    There has been considerable bilateral variation in the pattern of portfolio capital flows during the global financial crisis: for a given destination, investors from different countries adjusted their holdings to different degrees. The authors show that the size of the initial bilateral holding, geographical distance, common language, the level of...

    Provided By Trinity College Dublin

  • White Papers // May 2011

    Disasters And Development: Natural Disasters, Credit Constraints And Economic Growth

    The authors demonstrate, using a simple two-period equilibrium model of the economy, the potential effects of extreme event occurrences - such as natural or humanitarian disasters - on economic growth over the medium-to long-term. In particular, they focus on the effect of such shocks on investment. They examine two polar...

    Provided By Trinity College Dublin

  • White Papers // Apr 2011

    The Effect Of Decoupled Direct Payments On Farm Exit Behaviour: Quasi-Experimental Evidence From Europe

    As a consequence of the recent reform of the Common Agricultural Policy the agricultural sector throughout the EU is undergoing a process of major structural change. The removal of direct payments and price support policies are expected to change farmers' behaviour and force them to reconsider their participation in agricultural...

    Provided By Trinity College Dublin

  • White Papers // Mar 2011

    Income Shocks And Household Risk-Coping Strategies: Evidence From Rural Vietnam

    This paper considers the various strategies rural households employ to avoid consumption shortfalls caused by realizations of adverse income shocks. First, the authors develop an ex post theoretical model within an inter-temporal utility maximizing framework which they use to explain households' decisions to insure against idiosyncratic risk and save to...

    Provided By Trinity College Dublin

  • White Papers // Mar 2011

    A Tale Of Two Trilemmas

    In a classic book and subsequent articles, Obstfeld and Taylor (2004) have shown how the broad contours of international financial history over the past century and a half can be well understood by appealing to the famous economic trilemma which emerges from the standard Mundell???Fleming model many of them still...

    Provided By Trinity College Dublin

  • White Papers // Mar 2011

    Why The EU Won

    In this paper, one can divide the question of "Why the EU Won" into two sub-questions. First, why did the EU-6 choose to go down a supranational route? And second, why did the rest of Europe eventually join them? The answer to the second question is largely to be found...

    Provided By Trinity College Dublin

  • White Papers // Mar 2011

    Is Public Investment Productive In The Argentine Case? A Single Break Unit Root And Cointegration Analysis, 1960-2007

    This paper addresses the important question of whether public investment spending on economic infrastructure enhances economic growth and labor productivity in Argentina. Following the lead of the endogenous growth literature, it presents a simple modified production function that explicitly includes the positive or negative externality effects generated by public investment....

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    The Role Of Fundamental Q And Financing Frictions In Agricultural Investment Decisions: An Analysis Pre And Post Financial Crisis

    This paper uses a fundamental Q model of investment to consider the role played by financing frictions in agricultural investment decisions, controlling econometrically for censoring, heterogeneity and errors-in-variables. The authors' findings suggest that farmer's investment decisions are not driven by market fundamentals. They find some evidence that debt overhang restricts...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Network Effects And Land Redistribution: A Natural Experiment In Zimbabwe

    The paper investigates whether positive network effects may have existed between large-scale commercial farmers and small-scale communal farmers prior to the recent land redistribution in Zimbabwe. A difference-in-difference approach is used where measurement is carried out using several data sources including farm level, geographic and survey information for cotton farmers...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    The Irish Crisis

    This paper has three goals. First, it seeks to explain the origins of the Irish crisis. Second, it provides an interim assessment of the Irish government's management of the crisis. Third, it evaluates the lessons from Ireland for the macroeconomics of monetary unions. The 2003-2007 property-driven boom has proven to...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Unfulfilled Expectations? The EU's Agricultural And Fisheries Policies And Africa

    This paper examines the changing dynamics of EU-African relations in agri-food trade. The EU takes 50 per cent of Africa's food exports and supplies just under 30 per cent of its food imports. It is a trade relationship which has been heavily influenced by policy interventions on both sides. In...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Social Capital And Savings Behavior: Evidence From Vietnam

    The authors explore the extent to which social capital can play a role in imparting information about the returns to saving where potential knowledge gaps and mistrust exists. Using data from Vietnam they find strong evidence to support the hypothesis that information transmitted via reputable social organizations increases the proportion...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Refugees And "Missing" Arms Trade

    Millions of people are killed or wounded by small arms each year. The aim of this paper is to enhance the authors' understanding of "Missing" arms trade across countries. They proceed in two steps. First, they measure the extent of missing arms trade on the basis of official trade statistics....

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Productivities, Trade, And Relative Prices In A Ricardian World

    In an extended Ricardian model of trade, the authors study the effects of improving trade deficits on relative prices, and the relation between growth rates and real exchange rates. An improvement in the trade balance induces relative wages to overshoot their long-run value, placing downward pressure on the terms of...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Foreign Investment And The Politics Of Export Profits Tax Relief 1956

    T. K. Whitaker and Se?n Lemass are generally credited with affecting the policy shift from protectionism to outward orientation. Ireland's low corporation tax regime, however, has its origins in the Export Profits Tax Relief (EPTR) measures introduced by the second inter-party government in 1956. EPTR was introduced at the urging...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    African Agri-Food Exports And The EU Market: A Decade Of Change

    This paper examines the performance of African agri-food exports to the EU market over the first decade of the new millennium. The EU is Africa's single largest export market absorbing just half of all African agri-food exports. Countries are grouped according to the preferential trade regime they enjoy to enter...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Robust Global Stock Market Interdependencies

    In this paper, the authors examine the scope for international stock portfolio diversification, from the viewpoint of a United States representative investor, in regard to both the Asian and the European stock markets. The findings indicate that despite correlation style evidence to the contrary, the European stock markets provide a...

    Provided By Trinity College Dublin

  • White Papers // Jan 2011

    Federated Autonomic Management of HAN Services

    Management of a heterogeneous "Outer edge" network where a Home Area Network (HAN) inter-operates with external network and service providers is complex and error prone. Configuration of a HAN is typically performed by nontechnical end-users. As a consequence, an effective HAN configuration may be hampered by a poor understanding and/or...

    Provided By Trinity College Dublin

  • White Papers // Jan 2011

    Securely Replicated Web Documents

    In order to achieve better scalability and reduce latency in handling user requests, many Web applications make extensive use of data replication through caches and Content Delivery Networks. However, in such scenarios data is often placed on untrusted hosts. As a result, existing replication mechanisms open wide class vulnerabilities, ranging...

    Provided By Trinity College Dublin

  • White Papers // Jan 2011

    Aspect-Oriented Model-Driven Development for Mobile Context-Aware Computing

    The development of applications for pervasive computing presents a number of challenges to the software engineer. In particular, application adaptation based on context such as environmental factors, device limitations and connectivity, requires the programmer to handle a complex combination of factors that manifest themselves throughout the application. This position paper...

    Provided By Trinity College Dublin

  • White Papers // Jan 2011

    A Gossip Protocol to Support Service Discovery With Heterogeneous Ontologies in MANETs

    Service discovery in Mobile Ad hoc NETworks (MANETs) is an integral part for collective application interoperability. The discovery process must cope not only with transient communication but also with an environment where autonomous mobile nodes act as both service providers and consumers. Imposing predefined service interfaces in such an unpredictable...

    Provided By Trinity College Dublin

  • White Papers // Dec 2010

    Trade And Development Aspects Of The Commission's November 2010 Communication On The CAP After 2013

    The Commission's Communication on the CAP post 2013 published in November 2010 sets out three options for the future shape of Europe's Common Agricultural Policy. This paper explains the background and rationale for the debate on CAP reform at the present time. It describes the content of the preferred reform...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    Gender Inequality And Job Quality In Europe

    In this paper, the author examines whether and to which degree quality of work and employment differ between men and women and how these gender differences are shaped by societal beliefs about 'Gender equality.' Using data from the 2004 wave of the European Social Survey, the author compares the jobs...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    Low Expectations Or Different Evaluations - What Explains Immigrants? High Levels Of Trust In Host Country Institutions?

    Several recent studies show that immigrants exhibit higher levels of trust in public institutions than natives. This paper uses pooled data from the European Social Survey to examine possible reasons for this 'Over-confidence' of immigrants, arguing that it is largely the relatively lower expectations of immigrants from countries with poorer...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    Are Composers Different? Historical Evidence On Conflict-Induced Migration (1816-1997)

    In this paper, the authors explore whether, and to what extent, the incidence of war affects the migration intensity of 164 prominent classical composers born after 1800. This paper employs a novel data set, extracted from large music dictionaries. They model the aggregate stock of composers in a country and...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    International Risk Sharing And The Irish Economy

    This paper studies international risk sharing in Ireland focusing on the 1970-2007 period. To this end, the authors assess how consumption and national income have been affected by idiosyncratic output shocks. The study of the former shows that private consumption was partially insulated from output shocks and that risk sharing...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    The Dynamics Of Portfolio Holdings In Emerging Europe

    In this paper, the authors examine shifts in the bilateral patterns in international portfolio holdings in emerging Europe during the 2001-2008 period. In relation to the 2001-2007 pre-crisis period, they find some evidence that shifts in the geographical composition of portfolio debt liabilities reflect shifts in bilateral trade patterns. In...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    The Macrodynamics Of Household Debt

    Recent research finds that corporate leverage affects macroeconomic dynamics and can contribute to financial fragility. The authors show that consumer debt is also important. They add consumer debt to a stock-flow consistent neo-Kaleckian growth model and explore the macrodynamic ramifications. Consumer debt influences effective demand, the profit rate, and economic...

    Provided By Trinity College Dublin

  • White Papers // Oct 2010

    Transforming Institutions: The Politics Of Debt Relief In Kenya

    Through a multi-sited and multi-level exploration of the processes around debt relief in Kenya, and of the complex network of actors involved and their interests, the political nature of debt relief is investigated and assessed. An actor-network approach is used to investigate the political processes taking place between civil society...

    Provided By Trinity College Dublin

  • White Papers // Oct 2010

    Rescaling Climate Justice: Sub-National Issues And Innovations For Low Carbon Futures

    Climate justice is emerging as a discourse for mobilising activism around the globe. The language of justice is less explicit as a policy principle despite long standing attention to negotiating responsibilities for causing climate changes and bearing costs related to reducing climate change emissions. Nevertheless there are significant justice issues...

    Provided By Trinity College Dublin

  • White Papers // Sep 2010

    Hedges And Safe Havens - An Examination Of Stocks, Bonds, Oil, Gold And The Dollar

    The authors investigate five major financial asset classes, examining how and under what circumstances each may act as a hedge or a safe haven to each other. Using the approach of Baur and Lucey (2010) and Baur and McDermott (2010) they find that gold acts as a safe haven for...

    Provided By Trinity College Dublin

  • White Papers // Mar 2011

    Income Shocks And Household Risk-Coping Strategies: Evidence From Rural Vietnam

    This paper considers the various strategies rural households employ to avoid consumption shortfalls caused by realizations of adverse income shocks. First, the authors develop an ex post theoretical model within an inter-temporal utility maximizing framework which they use to explain households' decisions to insure against idiosyncratic risk and save to...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    The Irish Crisis

    This paper has three goals. First, it seeks to explain the origins of the Irish crisis. Second, it provides an interim assessment of the Irish government's management of the crisis. Third, it evaluates the lessons from Ireland for the macroeconomics of monetary unions. The 2003-2007 property-driven boom has proven to...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Unfulfilled Expectations? The EU's Agricultural And Fisheries Policies And Africa

    This paper examines the changing dynamics of EU-African relations in agri-food trade. The EU takes 50 per cent of Africa's food exports and supplies just under 30 per cent of its food imports. It is a trade relationship which has been heavily influenced by policy interventions on both sides. In...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Network Effects And Land Redistribution: A Natural Experiment In Zimbabwe

    The paper investigates whether positive network effects may have existed between large-scale commercial farmers and small-scale communal farmers prior to the recent land redistribution in Zimbabwe. A difference-in-difference approach is used where measurement is carried out using several data sources including farm level, geographic and survey information for cotton farmers...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Social Capital And Savings Behavior: Evidence From Vietnam

    The authors explore the extent to which social capital can play a role in imparting information about the returns to saving where potential knowledge gaps and mistrust exists. Using data from Vietnam they find strong evidence to support the hypothesis that information transmitted via reputable social organizations increases the proportion...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Refugees And "Missing" Arms Trade

    Millions of people are killed or wounded by small arms each year. The aim of this paper is to enhance the authors' understanding of "Missing" arms trade across countries. They proceed in two steps. First, they measure the extent of missing arms trade on the basis of official trade statistics....

    Provided By Trinity College Dublin

  • White Papers // Dec 2010

    Trade And Development Aspects Of The Commission's November 2010 Communication On The CAP After 2013

    The Commission's Communication on the CAP post 2013 published in November 2010 sets out three options for the future shape of Europe's Common Agricultural Policy. This paper explains the background and rationale for the debate on CAP reform at the present time. It describes the content of the preferred reform...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    Gender Inequality And Job Quality In Europe

    In this paper, the author examines whether and to which degree quality of work and employment differ between men and women and how these gender differences are shaped by societal beliefs about 'Gender equality.' Using data from the 2004 wave of the European Social Survey, the author compares the jobs...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    Low Expectations Or Different Evaluations - What Explains Immigrants? High Levels Of Trust In Host Country Institutions?

    Several recent studies show that immigrants exhibit higher levels of trust in public institutions than natives. This paper uses pooled data from the European Social Survey to examine possible reasons for this 'Over-confidence' of immigrants, arguing that it is largely the relatively lower expectations of immigrants from countries with poorer...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    Are Composers Different? Historical Evidence On Conflict-Induced Migration (1816-1997)

    In this paper, the authors explore whether, and to what extent, the incidence of war affects the migration intensity of 164 prominent classical composers born after 1800. This paper employs a novel data set, extracted from large music dictionaries. They model the aggregate stock of composers in a country and...

    Provided By Trinity College Dublin

  • White Papers // Oct 2010

    Transforming Institutions: The Politics Of Debt Relief In Kenya

    Through a multi-sited and multi-level exploration of the processes around debt relief in Kenya, and of the complex network of actors involved and their interests, the political nature of debt relief is investigated and assessed. An actor-network approach is used to investigate the political processes taking place between civil society...

    Provided By Trinity College Dublin

  • White Papers // Oct 2010

    Rescaling Climate Justice: Sub-National Issues And Innovations For Low Carbon Futures

    Climate justice is emerging as a discourse for mobilising activism around the globe. The language of justice is less explicit as a policy principle despite long standing attention to negotiating responsibilities for causing climate changes and bearing costs related to reducing climate change emissions. Nevertheless there are significant justice issues...

    Provided By Trinity College Dublin

  • White Papers // Sep 2010

    Hedges And Safe Havens - An Examination Of Stocks, Bonds, Oil, Gold And The Dollar

    The authors investigate five major financial asset classes, examining how and under what circumstances each may act as a hedge or a safe haven to each other. Using the approach of Baur and Lucey (2010) and Baur and McDermott (2010) they find that gold acts as a safe haven for...

    Provided By Trinity College Dublin

  • White Papers // Aug 2010

    Interational Differences In Fiscal Policy During The Global Crisis

    The authors examine the cross-country dispersion in fiscal outcomes during 2007-2009. In principle, international differences in fiscal policy may be related to differences in optimal fiscal positions, funding constraints, political economy factors and fiscal control problems. They find that the decline in the overall and structural fiscal balances have been...

    Provided By Trinity College Dublin

  • White Papers // Aug 2010

    Policy Coherence For Development Five Challenges

    'Policy Coherence for Development' (PCD) seeks to ensure that non-aid public policies are consistent with a government's international development goals. In the light of a number of years of PCD reviews and institutional reforms at both EU and member state level, this paper reflects on the dynamics of the PCD...

    Provided By Trinity College Dublin

  • White Papers // May 2010

    The Silver Lining Of Red Tape

    An increasing number of international agreements require "Nondiscrimination" from their participants, i.e. the government of one country cannot treat foreign firms differently from domestic firms. This is at odds with a government's desire to benefit its own citizens rather than foreign citizens. The author shows that the use of red...

    Provided By Trinity College Dublin

  • White Papers // May 2010

    The Illusory Leader: Natural Resources, Taxation And Accountability

    This paper proposes and tests a mechanism through which the natural resource curse can operate. The author posits that, in the presence of high natural resource rents, leaders lower the burden of taxation on citizens in order to reduce the demand for democratic accountability. The theory is tested using micro-level...

    Provided By Trinity College Dublin

  • White Papers // May 2010

    Does Emigration Benefit The Stayers? The EU Enlargement As A Natural Experiment. Evidence From Lithuania

    The eastern enlargement of the European Union in 2004 triggered a large flow of migrant workers from the new member states to the UK and Ireland. This paper analyzes the impact of this migration wave on the real wages in the source countries. The author considers the case of Lithuania,...

    Provided By Trinity College Dublin

  • White Papers // Apr 2010

    Perspective On Addressing Market Instability And Income Risk For Farmers

    Successive reforms of the EU's Common Agricultural Policy since 1992 have gradually switched support from market and price management to direct payments, which since 2005 are largely decoupled. This more market-oriented CAP means that farmers must now take responsibility for managing those risks that were formerly absorbed by market and...

    Provided By Trinity College Dublin

  • White Papers // Apr 2010

    Tariffs Versus VAT In The Presence Of Heterogeneous Firms And An Informal Sector

    The debate over the use of tariffs or value added taxes in developing countries has focused on the difficulty of collecting VAT from the informal sector of the economy. This paper contributes by considering this issue with heterogeneous firms and endogenous entry. This yields two new results. First, a cut...

    Provided By Trinity College Dublin

  • White Papers // Jan 2011

    Securely Replicated Web Documents

    In order to achieve better scalability and reduce latency in handling user requests, many Web applications make extensive use of data replication through caches and Content Delivery Networks. However, in such scenarios data is often placed on untrusted hosts. As a result, existing replication mechanisms open wide class vulnerabilities, ranging...

    Provided By Trinity College Dublin

  • White Papers // Sep 2009

    Dynamic Interpretation for Dynamic Scripting Languages

    Dynamic scripting languages offer programmers increased flexibility by allowing properties of programs to be defined at run-time. Typically, program execution begins with an interpreter where type checks are implemented using conditional statements. Recent JIT compilers have begun removing run-time checks by specializing native code to program properties discovered at JIT...

    Provided By Trinity College Dublin

  • White Papers // Feb 2010

    Global Funding Liquidity, Equity Returns And Crash Risk: Implications For Monetary Policy

    Monetary policy loosening and the associated impact on credit availability may have played a role in the present financial crisis. If such liquidity risk exists and is undiversifiable, then loose monetary policy should be associated with a risk premium. This paper tests for the existence of such a premium in...

    Provided By Trinity College Dublin

  • White Papers // May 2011

    Disasters And Development: Natural Disasters, Credit Constraints And Economic Growth

    The authors demonstrate, using a simple two-period equilibrium model of the economy, the potential effects of extreme event occurrences - such as natural or humanitarian disasters - on economic growth over the medium-to long-term. In particular, they focus on the effect of such shocks on investment. They examine two polar...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Productivities, Trade, And Relative Prices In A Ricardian World

    In an extended Ricardian model of trade, the authors study the effects of improving trade deficits on relative prices, and the relation between growth rates and real exchange rates. An improvement in the trade balance induces relative wages to overshoot their long-run value, placing downward pressure on the terms of...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Foreign Investment And The Politics Of Export Profits Tax Relief 1956

    T. K. Whitaker and Se?n Lemass are generally credited with affecting the policy shift from protectionism to outward orientation. Ireland's low corporation tax regime, however, has its origins in the Export Profits Tax Relief (EPTR) measures introduced by the second inter-party government in 1956. EPTR was introduced at the urging...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    African Agri-Food Exports And The EU Market: A Decade Of Change

    This paper examines the performance of African agri-food exports to the EU market over the first decade of the new millennium. The EU is Africa's single largest export market absorbing just half of all African agri-food exports. Countries are grouped according to the preferential trade regime they enjoy to enter...

    Provided By Trinity College Dublin

  • White Papers // Feb 2011

    Robust Global Stock Market Interdependencies

    In this paper, the authors examine the scope for international stock portfolio diversification, from the viewpoint of a United States representative investor, in regard to both the Asian and the European stock markets. The findings indicate that despite correlation style evidence to the contrary, the European stock markets provide a...

    Provided By Trinity College Dublin

  • White Papers // Nov 2010

    International Risk Sharing And The Irish Economy

    This paper studies international risk sharing in Ireland focusing on the 1970-2007 period. To this end, the authors assess how consumption and national income have been affected by idiosyncratic output shocks. The study of the former shows that private consumption was partially insulated from output shocks and that risk sharing...

    Provided By Trinity College Dublin

  • White Papers // Jul 2010

    International Asset Holdings And The Euro

    The establishment of a monetary union in Europe in 1999 has eliminated exchange rate risk within the euro area and has led to a more unified financial framework. It has been established in the literature that the euro has led to a disproportional increase in bilateral asset holdings within the...

    Provided By Trinity College Dublin

  • White Papers // Jul 2010

    Capital Infows And Investment

    According to neoclassical economic theory capital scarce countries with an open capital account will attract foreign capital because the rate of return in these countries is high. Capital inflows will be channeled towards investment projects in order to reap the benefits of the higher rate of return, and this will...

    Provided By Trinity College Dublin

  • White Papers // Jul 2010

    Royale With Cheese: The Effect Of Globalization On The Variety Of Goods

    The key result of the so-called "New Trade Theory" is that countries gain from falling trade costs by an increase in the number of varieties available to consumers. Though the number of varieties in a given country rises, it is also true that global variety decreases from increased competition wherein...

    Provided By Trinity College Dublin

  • White Papers // Apr 2010

    The Evolution Of International Trade On The Extensive And Intensive Margins

    This paper seeks to identify the relation between a country's trade share and its income level. The authors ask whether this relation changed between 1995 and 2005 and whether there has been an observable shift toward increased trade variety for high income countries. In order to address these questions, they...

    Provided By Trinity College Dublin

  • White Papers // Mar 2010

    Ireland's Inward FDI Over The Recession And Beyond

    Ireland's FDI intensity might be thought to have left the economy particularly vulnerable to the collapse in international FDI inflows seen over the course of the current global crisis. Analysis of the performance of Ireland's FDI sectors over this period shows this not to have been the case. Their relatively...

    Provided By Trinity College Dublin

  • White Papers // Dec 2009

    International Specialization And The Return To Capital

    How does factor accumulation affect the pattern of international specialization and returns to capital? The authors provide a new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976-2000. They confirm the Heckscher-Ohlin prediction that, with sufficient differences in country endowments, there...

    Provided By Trinity College Dublin

  • White Papers // Nov 2009

    Vertical Specialization And Nonstationarities In International Trade Series

    In this paper, the authors analyze the statistical properties of a large sample of trade openness series in the Second Era of Globalization (from 1948 to the recent crisis) and find a clear stationary pattern for developing countries versus a unit root pattern for developed countries. Most interestingly, they show...

    Provided By Trinity College Dublin

  • White Papers // Nov 2009

    The Economic Partnership Agreement Between Uganda And The EU: Trade And Poverty Impacts

    This paper analyses the poverty impacts of an Economic Partnership Agreement (EPA) between Uganda and the EU. As Ugandan exports are also eligible for duty-free access to the EU under the Everything But Arms scheme the main EPA-induced change will be the requirement to liberalise EU exporters' access to the...

    Provided By Trinity College Dublin

  • White Papers // Sep 2009

    Innovation And Financial Globalisation

    This paper examines the links between international financial integration and the level of innovation activity. If financial globalisation boosts innovation, this helps to explain the empirical evidence that indicates that increased financial integration conditionally raises the level of productivity and long-run living standards. The authors' analysis finds that, conditional on...

    Provided By Trinity College Dublin

  • White Papers // May 2009

    Why Some Regional Trade Agreements Work: Private Rents, Exit Options, And Legalization

    Regional Trade Agreements (RTAs) proliferate in the developed and developing world. However, there is wide variation in both the institutional structure of these RTAs and the degree to which they achieve their goals. Particularly in the developing world, RTA dispute-settlement mechanisms are formed but rarely employed; ambitious tariff cuts are...

    Provided By Trinity College Dublin

  • White Papers // Mar 2009

    Fiscal Shocks And The Real Exchange Rate

    The authors estimate the impact of shocks to government spending on the real exchange rate for a panel of EMU member countries. The key finding is that the impact differs across different types of government spending, with shocks to public investment generating a larger and more persistent impact on the...

    Provided By Trinity College Dublin