83 records from EconBiz based on author Name

1. Drivers of inclusive development : an empirical investigation

Morosoli, Christoph; Draper, Peter; Freytag, Andreas; Schuhmann, Sebastian;
2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link

---

2. Drivers of inclusive development : an empirical investigation

abstract

Concerns about socially uneven progress and inequality have regained public attention (including that of many populist politicians). The purpose of this paper is to identify the economic policies as well as economic factors that facilitate inclusive development. This paper is a first attempt to empirically estimate the drivers of inclusive development. For our empirical assessments, we apply the Multidimensional Inclusiveness Index suggested by Dörffel and Schuhmann (2020) in a panel OLS regression setup with fixed effects (FE) and GMM estimations for up to 178 countries and a time frame ranging from 1980 to 2018. In FE regressions, we find robust associations with inflation as well as financial sector development in the short and long-run, trade/GDP in the long-run. The GMM results point only to inflation and trade as significant drivers in the long-run and investment in the short run. These results suggest that accessible and well-functioning financial markets paired with low rates of inflation and high trade openness take on a more critical role than government spending. Our results suggest that rudiments of the Washington consensus could still provide guidance for the promotion of inclusive development.

Dörffel, Christoph; Draper, Peter; Freytag, Andreas; Schuhmann, Sebastian;
2021
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link Link

---

3. The Political Economy of Due Diligence Legislation

abstract

The policy challenge. Citizens and politicians in Western democracies have increasingly become aware of the importance of human rights, civil liberties, social rights, and sustainability issues as well as the different adherence to basic rights (such as equal treatment) all over the world. This trend has recently materialized in laws in the United States (US), Europe, Australia, and elsewhere. To varying extents, these oblige domestic businesses to comply with, and enforce, Western values and standards along their international supply chains. This values-based due diligence legislation has caused ongoing controversies over compliance costs, impacts on foreign relations – particularly with developing countries – and effectiveness in achieving legislative objectives. Clearly the economic and political judgement of due diligence legislation in principle and in detail is very complex. Aiming to structure key contours of the political discussion on values and trade, in this policy brief we develop a conceptual, descriptive overview of the fundamental political economy challenges inherent to designing due diligence legislation

Draper, Peter; Freytag, Andreas; McDonagh, Naoise; Menter, Matthias;
2023
Availability: Link Link

---

4. Lessons from the pandemic for future WTO subsidy rules

Ambaw, Dessie Tarko; Draper, Peter; Gao, Henry;
2020
Type: Aufsatz im Buch; Book section;
Availability: Link

---

5. Mitigating the adjustment costs of international trade

abstract

The evidence demonstrating that nations gain from trade is overwhelming. However, trade liberalization can cause disruption to firms and workers, and its gains and losses are spread unevenly. While many gain from trade, import surges have sometimes undermined the economic viability of whole communities. Existing mechanisms specifically designed to mitigate trade adjustment costs are often inadequate. They can be a source of inefficiency and inequity since trade shocks are only a part of the economic uncertainty affecting workers. Gradualism in trade liberalization combined with preemptive measures to strengthen competitiveness, can help mitigate adjustment costs. Displaced workers are best helped using generally applied safety nets, not those specific to trade. But these are not enough. Trade adjustment requires mobility of factors. International coordination is required to support an open and predictable trading system under the WTO, as the greatest future source of trade shocks could be protectionism, not trade liberalization.

Akman, Sait; Brandi, Clara; Dadush, Uri; Draper, Peter; Freytag, Andreas; Kautz, Miriam; Rashish, Peter; Schwarzer, Johannes; Vos, Rob;
2018
Type: Graue Literatur; Non-commercial literature;
Availability: Link Link

---

6. Drivers of inclusive development: An empirical investigation

Dörffel, Christoph; Draper, Peter; Freytag, Andreas; Schuhmann, Sebastian;
2021
Type: Working Paper;
Availability:

---

7. Domestic Distortions Through Industrial Subsidies : Reframing the G20's Potential Perspective

abstract

In recent years, the challenge of industrial subsidies distorting global trade has moved tothe forefront of international trade debates, including G20 discussions of World Trade Organization(WTO) reform. It is implicitly assumed that subsidies benefit the domestic economyof the subsidizing country and harm foreign competitors by tilting the playing field inthe subsidizer’s favour (Draper et al., 2020).This perspective neglects an important domestic property of industrial subsidies: they arediscriminatory – not only between domestic and foreign companies but also within the domesticeconomy. Some companies are subsidized, while others are not but pay taxes thatfinance the subsidies for others. While some subsidies may prove to be welfare-enhancing,for example pharmaceutical research into COVID-19 vaccines, distortions may arise – somecompanies gain, others lose, even in the same industry.This policy brief first outlines the potential effects of domestic subsidies on domestic welfarethrough an overview of the empirical evidence, thereby providing a clearer picture ofthe domestic net welfare effects of industrial subsidies in G20 countries. Such evidencewill broaden G20 members’ perspectives by showing that in subsidizing domestic companies,they mostly support special interests rather than increasing domestic welfare. Wethen propose that G20 members use this evidence as grounds for establishing a frameworkfor smart monitoring of subsidies to enable members to distinguish between overall welfare-enhancing and welfare-distortive subsidies. This monitoring framework can be used toreduce international conflicts that typically arise when domestic subsidies drive changes ininternational market share in favour of the subsidized domestic firms, or when they result inglobal excess capacity

Freytag, Andreas; Draper, Peter; McDonagh, Naoise;
2021
Availability: Link

---

8. Between Gatekeeper and Gateway : Taking Advantage of Regional and Global Value Chains by Addressing Barriers to South Africa's Trade Competitiveness

abstract

South Africa's weak post-apartheid trade performance has been a significant factor in its inability to create more jobs and achieve higher growth and productivity. Exports and inbound foreign direct investment as a share of gross domestic product have lagged other middle-income countries and both have declined in absolute terms in the past five years. South Africa is losing market share in many of its core export products, both because it is being outcompeted by more dynamic economies in East Asia and owing to its own supply-side and institutional constraints. This loss of global competitiveness in manufacturing has meant that more South African firms have turned to the domestic economy and to less demanding export markets in the rest of sub-Saharan Africa. While South Africa can continue growing through a primarily regionally focused strategy, these markets are small, and defaulting to the lower levels of productivity required to compete in the rest of Africa could undermine South Africa's competitiveness in the long term. This paper provides an overview of South Africa's recent trade outcomes, as well as its trade policy framework, and assesses the causes of its disappointing performance. In turn, it suggests changes to trade-related policies as well as the governance and management of these policies. The paper focuses in depth on three specific trade-related constraints: transport costs, the institutional governance of trade tariffs and export promotion, and overall economic policy uncertainty. The paper proceeds to argue that the South African government would benefit from aligning its trade strategy, commercial and economic diplomacy and industrial policy with the dual objective of providing both the engine for a "Factory Southern Africa" that encompasses the rest of the SADC region, and of being the region's gateway to the rest of the world. Since South African firms will not be able to drive this approach on their own, this necessarily means forging policies and institutions that encourage investments into South Africa and the SADC region, and working with neighbors to maximize the development of regional value chains that result from such investments

Draper, Peter; Draper, Peter; Engel, Jakob; Krogman, Heinrich; Ngarachu, Anna; Wentworth, Lesley;
2018
Availability: Link Link

---

9. Can rules of origin in sub-Saharan Africa be harmonised? : a political economy exploration

Draper, Peter; Chikura, Cynthia; Krogman, Heinrich;
2016
Type: Graue Literatur; Non-commercial literature;
Availability: Link

---

10. Is a 'Factory Southern Africa' feasible? : harnessing flying geese to the South African gateway

abstract

The countries comprising the Southern African Customs Union (SACU) are currently not very integrated into global value chains (GVCs), potentially missing out on important development opportunities. Accordingly, we explore high level options for promoting their integration. Given East Asia's spectacular success with integrating into GVCs, we first assess the probability that SACU can copy their flying geese pattern. That was initiated by Japanese multinational corporations (MNCs) investing in successive EastAsian countries thereby becoming the lead geese, to be joined subsequently by MNCs from other countries. We argue that the conditions for pursuing a flying geese approach are difficult to replicate in SACU. Therefore, we proffer and explore the proposition that South Africa could serve as the gateway for harnessing MNC geese flying from third countries into the SACU region, in time propelling regional development through knowledge and investment spillovers, and serving as a conduit into GVCs. However, there may be substantial obstacles to deepening this integration potential. Other African gateways are emerging as alternatives to South Africa. And some SACU governments would prefer to build regional value chains (RVCs) rather than prioritise GVC integration. We argue that RVCs are complements to GVCs. SACU countries, excluding South Africa, may not attract many world leading MNCs since their markets are small, but could attract smaller regional players from South Africa or elsewhere. Thus building RVCs in the short run could assist with integration into GVCs in the longer run. Overall, this requires harnessing South African and MNC geese to the South African gateway, in a mutually complementary strategy.

Draper, Peter; Freytag, Andreas; Scholvin, Sören; Tran, Luong Thanh;
2016
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link Link

---

Load More