On December 3, trade ministers from members of the World Trade Organization (WTO) will begin three days of meetings in Bali, Indonesia. Trade Facilitation, estimated to add $1 trillion to global income, features prominently in the negotiation agenda. However, official estimates depend on too many unjustifiable assumptions. Inaccuracy accumulates in several stages of the estimation process: in estimating the gains from trade facilitation for a sample of countries, in scaling up the gains to the global level and in estimating employment gains. This brief describes the estimation procedure and shows that the resulting figures are too uncertain to underpin any policy decisions.
here has been a marked revival of interest in the study of the distribution of top incomes using tax data. Beginning with the research by Piketty of the long-run distribution of top incomes in France (2001, 2003), a succession of studies has constructed top income share time series over the long-run for more than twenty countries to date. These projects have generated a large volume of data, which are intended as a research resource for further analysis.
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