The Political Economy of Persistent Current Account Imbalances
... Why do some countries run persistent current account surpluses? Why do others run deficits, often over decades, leading to enduring global financial imbalances? A current account deficit means that a country spends more on imports and interest payments than it earns from exports and investments abro ...
... Why do some countries run persistent current account surpluses? Why do others run deficits, often over decades, leading to enduring global financial imbalances? A current account deficit means that a country spends more on imports and interest payments than it earns from exports and investments abro ...
WARWICK ECONOMIC RESEARCH PAPERS Trade Costs and the Open Macroeconomy No 778
... (2000) to allow for local currency pricing. Betts and Devereux (2000) show that local currency pricing reduces consumption correlations and leads to negative welfare spillovers. My paper generalizes this …nding by demonstrating that local currency pricing is not necessary to obtain these results. I ...
... (2000) to allow for local currency pricing. Betts and Devereux (2000) show that local currency pricing reduces consumption correlations and leads to negative welfare spillovers. My paper generalizes this …nding by demonstrating that local currency pricing is not necessary to obtain these results. I ...
NBER WORKING PAPER SERIES SUPPLY CAPACITY, VERTICAL SPECIALIZATION AND TARIFF RATES:
... investment in equipment and software on total goods exports: income now has unit elastic impact, while investment has an elasticity of 0.57. Yi (2003) argues that reductions in the tariff rate have induced large, non-proportionate, changes in the extent of vertical specialization. To incorporate thi ...
... investment in equipment and software on total goods exports: income now has unit elastic impact, while investment has an elasticity of 0.57. Yi (2003) argues that reductions in the tariff rate have induced large, non-proportionate, changes in the extent of vertical specialization. To incorporate thi ...
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... exported commodity k last year would, all else constant, have a higher probability of exporting this year. To allow for a more general dynamic relationship, we include the lagged dependent variables for the previous three years in the econometric model. Representing the demand conditions for commodi ...
... exported commodity k last year would, all else constant, have a higher probability of exporting this year. To allow for a more general dynamic relationship, we include the lagged dependent variables for the previous three years in the econometric model. Representing the demand conditions for commodi ...
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... The Quest for More Integrated Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Economic Payoffs to More Unified Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Better Exploitation of Comparative Ad ...
... The Quest for More Integrated Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Economic Payoffs to More Unified Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Better Exploitation of Comparative Ad ...
Is there a role for domestic demand pressure on
... with the recent theoretical and empirical research at the …rm level. A key feature of the standard models of international trade is the assumption of constant marginal costs, which allows domestic and foreign markets to be treated independently. However, Vannoorenberghe (2012) provides strong suppor ...
... with the recent theoretical and empirical research at the …rm level. A key feature of the standard models of international trade is the assumption of constant marginal costs, which allows domestic and foreign markets to be treated independently. However, Vannoorenberghe (2012) provides strong suppor ...
The Effect of Trade Liberalization on Firm Entry and Exit in Punjab
... Earlier studies have looked at the impact of macroeconomic shocks such as large exchange rate movements, changes in export and import duties, or international trade treaties that ease trade between the signatories. The empirical evidence shows that trade liberalization can affect the growth of expor ...
... Earlier studies have looked at the impact of macroeconomic shocks such as large exchange rate movements, changes in export and import duties, or international trade treaties that ease trade between the signatories. The empirical evidence shows that trade liberalization can affect the growth of expor ...
MANAGEMENT- (Paper- IV) INTERNATIONAL MARKETING
... Competition in organization from different countries is also one of the major reasons for International business. In the past we had heard of multinationals from West- USA, U.K. France, dominating the International business. But now the situation has reserved. The Indian Multinationals like TATAS, M ...
... Competition in organization from different countries is also one of the major reasons for International business. In the past we had heard of multinationals from West- USA, U.K. France, dominating the International business. But now the situation has reserved. The Indian Multinationals like TATAS, M ...
Country Size and the Transfer Effect Vahagn Galstyan
... coefficient. Broner et al. (1997) study the terms of trade as the main link between relative prices and external imbalances and find a cointegrating relation between the real exchange rate, net foreign asset position and the relative price of non-traded goods. In contrast, Lane and Milesi-Ferretti ( ...
... coefficient. Broner et al. (1997) study the terms of trade as the main link between relative prices and external imbalances and find a cointegrating relation between the real exchange rate, net foreign asset position and the relative price of non-traded goods. In contrast, Lane and Milesi-Ferretti ( ...
THE DECISION-MAKER AND EXPORT ENTRY AND EXPANSION
... A distinction of this sort is made by Schooler [1974] who found not only that foreign opportunity attractiveness varies by form of entry but that this variance is affected by firm-strategic variables and managerial factors. The existence of multiple criteria which can influence entry or expansion in ...
... A distinction of this sort is made by Schooler [1974] who found not only that foreign opportunity attractiveness varies by form of entry but that this variance is affected by firm-strategic variables and managerial factors. The existence of multiple criteria which can influence entry or expansion in ...
Development of market orientation and competitiveness of Ukrainian
... suggested different additional elements of market orientation (Liu, 1995), or investigated different forms of market orientation among the companies (Greenley, 1995). Market orientation results in a deeper understanding of customer needs, the peculiarities of marketing environment and of strengths a ...
... suggested different additional elements of market orientation (Liu, 1995), or investigated different forms of market orientation among the companies (Greenley, 1995). Market orientation results in a deeper understanding of customer needs, the peculiarities of marketing environment and of strengths a ...
A Twelve-Area Model for the Equilibrium Nominal Chinese Yuan/US
... exchange rate and misalignments of the Renminbi during 1976-2008. We extend the five-area FABEER model of Wren-Lewis (2003) to a twelve-area model. All parameters are estimated with allowance for endogenous structural breaks. We employ the Gregory and Hansen (1996) method which can test for cointegr ...
... exchange rate and misalignments of the Renminbi during 1976-2008. We extend the five-area FABEER model of Wren-Lewis (2003) to a twelve-area model. All parameters are estimated with allowance for endogenous structural breaks. We employ the Gregory and Hansen (1996) method which can test for cointegr ...
The Macroeconomics Of The Unofficial Foreign Exchange Market In
... the rest of the economy? The answers to these questions have important implications for macroeconomic management in Tanzania and provide essential background for consideration of such current policy issues as unification of the foreign exchange markets. While the exact size of the unofficial foreign ...
... the rest of the economy? The answers to these questions have important implications for macroeconomic management in Tanzania and provide essential background for consideration of such current policy issues as unification of the foreign exchange markets. While the exact size of the unofficial foreign ...
The Trade, Debt and Finance Nexus
... international price mechanism for conducting cross-border transactions, for taking decisions on investment and production of tradable goods and services, and for setting price-based trade policies. The uncertainty generated by small, short-term fluctuations in nominal exchange rates generates commer ...
... international price mechanism for conducting cross-border transactions, for taking decisions on investment and production of tradable goods and services, and for setting price-based trade policies. The uncertainty generated by small, short-term fluctuations in nominal exchange rates generates commer ...
NBER WORKING PAPER SERIES INTERNATIONAL R&D SPILLOVERS: A RE-EXAMWATION
... The opinions expressed in this paper are those of the authors, and not those of Columbia University, Universit6 Libre de Bruxelles or the National Bureau of Economic Research. An earlier version of this paper was presented at the OECD Conference on New S&T Indicators for the Knowledge-Based Economy, ...
... The opinions expressed in this paper are those of the authors, and not those of Columbia University, Universit6 Libre de Bruxelles or the National Bureau of Economic Research. An earlier version of this paper was presented at the OECD Conference on New S&T Indicators for the Knowledge-Based Economy, ...
МИНИСТЕРСТВО ОБРАЗОВАНИЯ РОССИЙСКОЙ ФЕДЕРАЦИИ
... (a) For two goods X and Y, the opportunity cost of X in terms of Y is the number of units of Y that must be given up to get an extra unit of X. In a Ricardian model, the opportunity cost of X in terms of Y in a country with unit labour requirements a x, ay is - ay/ax. In a Ricardian model opportunit ...
... (a) For two goods X and Y, the opportunity cost of X in terms of Y is the number of units of Y that must be given up to get an extra unit of X. In a Ricardian model, the opportunity cost of X in terms of Y in a country with unit labour requirements a x, ay is - ay/ax. In a Ricardian model opportunit ...
THE IMPACT OF EXCHANGE RATE PASS-THROUGH
... growth of domestic than foreign price (assuming the constancy of the nominal exchange rate) leads to a decrease in the real exchange rate, i.e. its appreciation. In these conditions, exhibit a decrease in the price competitiveness of domestic products that are exported. The deficit of trade balance ...
... growth of domestic than foreign price (assuming the constancy of the nominal exchange rate) leads to a decrease in the real exchange rate, i.e. its appreciation. In these conditions, exhibit a decrease in the price competitiveness of domestic products that are exported. The deficit of trade balance ...
Preview Sample 1
... cell-phone manufacturing industry and Smithe-Jones' company is one of the first to try their hand at cell-phone manufacturing. Which of the following would probably be the argument that Smithe-Jones would use to persuade his government representatives that protectionism is still needed in the U.K.? ...
... cell-phone manufacturing industry and Smithe-Jones' company is one of the first to try their hand at cell-phone manufacturing. Which of the following would probably be the argument that Smithe-Jones would use to persuade his government representatives that protectionism is still needed in the U.K.? ...
Slide 1
... through credit expansion in Baltics+); labour market bottlenecks due to migration (Baltics, RO) these all mean dominantly market forces and some policy measures ...
... through credit expansion in Baltics+); labour market bottlenecks due to migration (Baltics, RO) these all mean dominantly market forces and some policy measures ...
US Welfare and the Trade Balance
... In the US case, the relevant question is what would be the US terms of trade if the United States changed its spending patterns and thus restored the current account to its earlier levels. The relationship between the current account (net borrowing) and the terms of trade in the face of spending cha ...
... In the US case, the relevant question is what would be the US terms of trade if the United States changed its spending patterns and thus restored the current account to its earlier levels. The relationship between the current account (net borrowing) and the terms of trade in the face of spending cha ...
international-marketing-15th-edition-cateora-test-bank
... 50. Randall Smithe-Jones believes that protectionism is the only way to save the United Kingdom from outside competitors. He has seen small business after small business go bankrupt because cheaper foreign goods have been more popular. The UK has just started a cell-phone manufacturing industry and ...
... 50. Randall Smithe-Jones believes that protectionism is the only way to save the United Kingdom from outside competitors. He has seen small business after small business go bankrupt because cheaper foreign goods have been more popular. The UK has just started a cell-phone manufacturing industry and ...
Modelling intra- and extra-area trade substitution and exchange rate
... them. The estimation of these trade equations then sheds some light on important aspects of trade in the euro area, particularly the exchange rate pass-through (ERPT) and substitution effects between intra- and extra-area trade. Using the new estimated trade equations in the trade block of the ECB’s ...
... them. The estimation of these trade equations then sheds some light on important aspects of trade in the euro area, particularly the exchange rate pass-through (ERPT) and substitution effects between intra- and extra-area trade. Using the new estimated trade equations in the trade block of the ECB’s ...
CHAIRMAN WEIDENBAUM: Thank you.
... looks at this question is that in fact a number of other things, in particular, technology changes are at the heart of part of the trade changes as well as some of the other things that you’re talking about. Now, I think that there is a very difficult issue in terms of making those points generally, ...
... looks at this question is that in fact a number of other things, in particular, technology changes are at the heart of part of the trade changes as well as some of the other things that you’re talking about. Now, I think that there is a very difficult issue in terms of making those points generally, ...
Competitiveness and Policy Analysis of Potato Production in
... Potato is a good and cheaper source of carbohydrates, vitamins, minerals and proteins and also provides most of the trace elements, which can meet the energy requirement of the people living in the developing countries like Pakistan [Rahman (1986)]. About 325 million metric ton of potato is produced ...
... Potato is a good and cheaper source of carbohydrates, vitamins, minerals and proteins and also provides most of the trace elements, which can meet the energy requirement of the people living in the developing countries like Pakistan [Rahman (1986)]. About 325 million metric ton of potato is produced ...
Monetary Policy under Alternative Asset Market Structures: the Case
... In a complete markets setting, Benigno and Benigno (2003) explore the consequences of such internal and external distortions for optimal monetary policy in a stochastic twocountry framework. De Paoli (2008) and Faia and Monacelli (2008) present a similar analysis in a small open economy setting.3 Th ...
... In a complete markets setting, Benigno and Benigno (2003) explore the consequences of such internal and external distortions for optimal monetary policy in a stochastic twocountry framework. De Paoli (2008) and Faia and Monacelli (2008) present a similar analysis in a small open economy setting.3 Th ...