Real Exchange Rate Distortion in Southeast Europe
... are several restrictive assumptions such as the Law of One Price (LOOP) secured by perfectly competitive free international trade and the equal composition of price baskets throughout the world. Moreover and most important, productivity driven differences in the price levels of non-tradable goods in ...
... are several restrictive assumptions such as the Law of One Price (LOOP) secured by perfectly competitive free international trade and the equal composition of price baskets throughout the world. Moreover and most important, productivity driven differences in the price levels of non-tradable goods in ...
Urgent Global Problems, New Global Solutions
... economic prosperity and cultural evolution, all characteristics of globalization, have sharpened our ability to resolve many of the social evils that still exist. Poverty and the wealth gap within and between countries continue to grow and unless we act decisively by 2020 the number of people living ...
... economic prosperity and cultural evolution, all characteristics of globalization, have sharpened our ability to resolve many of the social evils that still exist. Poverty and the wealth gap within and between countries continue to grow and unless we act decisively by 2020 the number of people living ...
2. Data by country
... compile their accounts according to the 1993 System of National Accounts (1993 SNA) with the exception of Australia which has adopted the 2008 SNA. However, some series may be based on the country’s own system of national accounts. In all cases, official national data is used without any adjustment ...
... compile their accounts according to the 1993 System of National Accounts (1993 SNA) with the exception of Australia which has adopted the 2008 SNA. However, some series may be based on the country’s own system of national accounts. In all cases, official national data is used without any adjustment ...
In particular, the assumptions about the wage
... The “HAT ALGEBRA” of the Heckscher-Ohlin model with factor substitution So far we were dealing with the easiest possible version of the H-O-S model with no factor substitution (i.e. with fixed factor requirements per unit of output, independent of relative factor prices). Now we will allow for facto ...
... The “HAT ALGEBRA” of the Heckscher-Ohlin model with factor substitution So far we were dealing with the easiest possible version of the H-O-S model with no factor substitution (i.e. with fixed factor requirements per unit of output, independent of relative factor prices). Now we will allow for facto ...
The distance puzzle: on the interpretation of the distance coefficient
... distance costs is problematic. We will pick up this argument below in a more formal framework. Freund and Weinhold (2000) use cross-section trade data for the years 1995 through 1999 and find a relatively constant coefficient on distance of 0.8. More recently, the gravity equation has also been us ...
... distance costs is problematic. We will pick up this argument below in a more formal framework. Freund and Weinhold (2000) use cross-section trade data for the years 1995 through 1999 and find a relatively constant coefficient on distance of 0.8. More recently, the gravity equation has also been us ...
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... ative country size of the U.S. has been maintained around 25% throughout the 1980s and gradually declined since the early 1990s. It has fallen at even quicker rate in the subsequent periods, reaching 20% in the late 2000. From a di¤erent perspective, Figure 3 displays the relative importance of the ...
... ative country size of the U.S. has been maintained around 25% throughout the 1980s and gradually declined since the early 1990s. It has fallen at even quicker rate in the subsequent periods, reaching 20% in the late 2000. From a di¤erent perspective, Figure 3 displays the relative importance of the ...
Productivity Growth and Capital Flows: The Dynamics of Reforms Francisco J. Buera
... the idiosyncratic distortions that interfere with efficient allocation of factors across entrepreneurs. At the same time, we liberalize the goods and capital flows in and out of this economy. We assume that domestic financial frictions remain as before. This sequencing of reforms—removing idiosyncra ...
... the idiosyncratic distortions that interfere with efficient allocation of factors across entrepreneurs. At the same time, we liberalize the goods and capital flows in and out of this economy. We assume that domestic financial frictions remain as before. This sequencing of reforms—removing idiosyncra ...
Brand internationalization strategy beyond the standardization
... Decision criteria. When considering the two former questions, it is important that international managers have a limited number of decision criteria on which to base these strategic choices. Different typologies (e.g. Douglas et al. 2001, Papavassiliou et al. 1997, Van Raaij 1997) regroup a great nu ...
... Decision criteria. When considering the two former questions, it is important that international managers have a limited number of decision criteria on which to base these strategic choices. Different typologies (e.g. Douglas et al. 2001, Papavassiliou et al. 1997, Van Raaij 1997) regroup a great nu ...
It`s Not Factor Accumulation: Stylized Facts and
... population still lives in poverty. Stylized Fact 3: Growth is not persistent over time. Some countries “take off,” others are subject to peaks and valleys, a few grow steadily, and others have never grown. In contrast, capital accumulation is much more persistent than overall growth. Changes in ...
... population still lives in poverty. Stylized Fact 3: Growth is not persistent over time. Some countries “take off,” others are subject to peaks and valleys, a few grow steadily, and others have never grown. In contrast, capital accumulation is much more persistent than overall growth. Changes in ...
Convergence and Catching Up in South
... embarking on the export-led, foreign investment-driven growth strategies. From 1986 to 1996, ASEAN-3’s real gross domestic product (GDP) per capita grew at an average annual rate of 5.5– 7.5 percent, but it was only 1.2 percent for the Philippines. Foreign trade encourages diffusion of ...
... embarking on the export-led, foreign investment-driven growth strategies. From 1986 to 1996, ASEAN-3’s real gross domestic product (GDP) per capita grew at an average annual rate of 5.5– 7.5 percent, but it was only 1.2 percent for the Philippines. Foreign trade encourages diffusion of ...
US Policy in the Bretton Woods Era - St. Louis Fed
... from 1959 to 1973. The period begins with the recognition of a problem that was to become the central problem of the international monetary system for the next decade. At first, the problem was seen as a temporary balance of payments problem—the inability of the United States to balance its trade an ...
... from 1959 to 1973. The period begins with the recognition of a problem that was to become the central problem of the international monetary system for the next decade. At first, the problem was seen as a temporary balance of payments problem—the inability of the United States to balance its trade an ...
BRIC Power Emerging Countries: Brazil, Russia, India, China and Dell Strategy
... • http://articles.economictimes.indiatimes.com/2013-0401/news/38189328_1_indian-markets-investment-cycle-emergingmarkets • http://is.jrc.ec.europa.eu/pages/documents/CS87_Feat_SIMON_et_ ...
... • http://articles.economictimes.indiatimes.com/2013-0401/news/38189328_1_indian-markets-investment-cycle-emergingmarkets • http://is.jrc.ec.europa.eu/pages/documents/CS87_Feat_SIMON_et_ ...
Implementation of sustainability in global industrial supply chain
... Products, globalization and sustainability As globalization of the world economy is a process that is continuously going on materials, products and their markets are more and more following global patterns. So are materials used to produce a mobile phone mined in Africa, the production takes place i ...
... Products, globalization and sustainability As globalization of the world economy is a process that is continuously going on materials, products and their markets are more and more following global patterns. So are materials used to produce a mobile phone mined in Africa, the production takes place i ...
Trade and the Development of India and China
... Fierce Competition or Shared Growth? The rapid economic growth of China and India has been associated with much more rapid growth in their trade. In some cases, this has created enormous opportunities for their trading partners. In others, it has created strong competition either in home markets, or ...
... Fierce Competition or Shared Growth? The rapid economic growth of China and India has been associated with much more rapid growth in their trade. In some cases, this has created enormous opportunities for their trading partners. In others, it has created strong competition either in home markets, or ...
Chapter 5
... represent the fact that if a consumer has more cloth he could have less food and still be equally satisfied. • Indifference curves farther from the origin represent larger quantities of food and cloth, which should make consumers more satisfied and better off. • Indifference curves are flatter when ...
... represent the fact that if a consumer has more cloth he could have less food and still be equally satisfied. • Indifference curves farther from the origin represent larger quantities of food and cloth, which should make consumers more satisfied and better off. • Indifference curves are flatter when ...
Chapter 5
... represent the fact that if a consumer has more cloth he could have less food and still be equally satisfied. • Indifference curves farther from the origin represent larger quantities of food and cloth, which should make consumers more satisfied and better off. • Indifference curves are flatter when ...
... represent the fact that if a consumer has more cloth he could have less food and still be equally satisfied. • Indifference curves farther from the origin represent larger quantities of food and cloth, which should make consumers more satisfied and better off. • Indifference curves are flatter when ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... basket as the economy moves to mature stages of growth. Thus initial factor endowment, characterized by scarcity of capital and abundance of labour tends to change in the process of growth. In the earlier phases of growth, export of labour intensive primary goods dominate export basket. The main hyp ...
... basket as the economy moves to mature stages of growth. Thus initial factor endowment, characterized by scarcity of capital and abundance of labour tends to change in the process of growth. In the earlier phases of growth, export of labour intensive primary goods dominate export basket. The main hyp ...
Measuring the Benefits of Unilateral Trade Liberalization, Part 1
... interest is not the outcomes the model produces but how those outcomes affect society’s welfare. For example, a reduction of tariffs on capital goods from x percent to y percent may double the rate of investment. The resulting increase in the capital stock will bring about higher growth, making it t ...
... interest is not the outcomes the model produces but how those outcomes affect society’s welfare. For example, a reduction of tariffs on capital goods from x percent to y percent may double the rate of investment. The resulting increase in the capital stock will bring about higher growth, making it t ...
Features of Vertically Integrated Agribusiness
... its distribution among the final consumers. The main condition of agro-business activation can become the development of integration processes. Joining up of the enterprises, participating in different kinds of activity in AIC field, allows to use various kinds of resources (manufacturing, financial ...
... its distribution among the final consumers. The main condition of agro-business activation can become the development of integration processes. Joining up of the enterprises, participating in different kinds of activity in AIC field, allows to use various kinds of resources (manufacturing, financial ...
The Free Trade Area of the Americas and
... trade ministries to reevaluate their institutional capabilities, stimulating more intense interest in securing comprehensive technical assistance to modernize the ministries and their staff. Finally, a number of important business facilitation measures have been approved. Independently of whether an ...
... trade ministries to reevaluate their institutional capabilities, stimulating more intense interest in securing comprehensive technical assistance to modernize the ministries and their staff. Finally, a number of important business facilitation measures have been approved. Independently of whether an ...
Data by country
... Data by country Data for countries are presented in standard tables. However, all the series are based on each country’s own system of national accounts. Most OECD member countries now compile their accounts according to the 1993 SNA. Various information about the data source, the system of national ...
... Data by country Data for countries are presented in standard tables. However, all the series are based on each country’s own system of national accounts. Most OECD member countries now compile their accounts according to the 1993 SNA. Various information about the data source, the system of national ...
DO INTELLECTUAL PROPERTY RIGHTS MATTER FOR THE
... intensive margin of trade in analyzing a wide range of trade-related factors. Broda and Weinstein (2004), for example, show that the number of product varieties imported into the U.S. has increased by a factor of four, which had a significant effect on the range of goods traded in the US economy. Th ...
... intensive margin of trade in analyzing a wide range of trade-related factors. Broda and Weinstein (2004), for example, show that the number of product varieties imported into the U.S. has increased by a factor of four, which had a significant effect on the range of goods traded in the US economy. Th ...
The term comparative advantage was first used in England in the
... other manufacture, under a system of free trade’’ (69). In the two-commodity Ricardian world, comparative advantage is determined entirely by techniques of production that dictate that one good is exported and the other imported. In a multicommodity world, a country’s comparative advantage depends n ...
... other manufacture, under a system of free trade’’ (69). In the two-commodity Ricardian world, comparative advantage is determined entirely by techniques of production that dictate that one good is exported and the other imported. In a multicommodity world, a country’s comparative advantage depends n ...
Repositório Institucional da Universidade de Brasília
... emphasis on general formal timeless statements that pretend to be universal. Having its roots in Ancient Greece, cosmopolitanism has been variably present in western philosophical or political discussions. The military conquests of Alexander the Great (356–323 BC) opened up the conditions for the e ...
... emphasis on general formal timeless statements that pretend to be universal. Having its roots in Ancient Greece, cosmopolitanism has been variably present in western philosophical or political discussions. The military conquests of Alexander the Great (356–323 BC) opened up the conditions for the e ...
FDI - CLAS Users
... Footloose investment does not benefit local economies Limited positive spillovers Bargaining power is in foreign company’s hands ...
... Footloose investment does not benefit local economies Limited positive spillovers Bargaining power is in foreign company’s hands ...