Haroon Bhorat
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haroonbhorat.bsky.social
Haroon Bhorat
@haroonbhorat.bsky.social
400 followers 670 following 0 posts

Professor of Economics
University of Cape Town
South Africa

Videos
Economics 48%
Political science 11%
Posts Replies Media Videos

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florianederer.bsky.social
Florian Ederer @florianederer.bsky.social · Jul 30
How can tariffs improve welfare? Your country needs market power.

A quick explainer below 👇🏻

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saldru.bsky.social
SALDRU @saldru.bsky.social · Jun 26
HAROON BHORAT (@haroonbhorat.bsky.social, our colleague at @dpru-uct.bsky.social): Getting the numbers right on the informal economy

www.businesslive.co.za/bd/opinion/2...
HAROON BHORAT: Getting the numbers right on the informal economy
It is wrong to assume that what is true at the local level must translate to a 1:1 relationship at national level
www.businesslive.co.za

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drodrik.bsky.social
Dani Rodrik @drodrik.bsky.social · Apr 3
Trump's claim that foreigners will pay the tariffs in full. They assume a small but positive passthrough indicating that domestic prices will rise by 25% of the tariffs.

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drodrik.bsky.social
Dani Rodrik @drodrik.bsky.social · Apr 3
But of course this equation and calculation are a travesty. It is a silly attempt to provide a veneer of respectability to a nonsensical, arbitrary, and ad hoc political decision. Whoever produced this (and indeed all the economists working for Trump) should be embarrassed of themselves.

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drodrik.bsky.social
Dani Rodrik @drodrik.bsky.social · Apr 3
Their use of elasticity is inconsistent and would not pass an undergraduate test (where is the price effect on the value of imports?) The assumption that exports will be unaffected is crazy. Note also that their (necessary) assumption that domestic import prices will rise contradicts +

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drodrik.bsky.social
Dani Rodrik @drodrik.bsky.social · Apr 3
This is what Trump's "economists" say about how they calculated the "reciprocal" tariffs. Don[t be fooled by the equation. They commit countless crimes against economics. ustr.gov/issue-areas/... +
Reciprocal Tariff Calculations
Executive Summary Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners. This calculation assumes that pe...
ustr.gov

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drodrik.bsky.social
Dani Rodrik @drodrik.bsky.social · Apr 2
Trump’s new tariffs are an abomination. It’s not just the economics that is backwards. It’s also the geopolitics/national security angle. Countries have always used trade for geopolitical reasons. But it’s by opening your market to other nations that you get them to align with you, not by closing.

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