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of trade with China became less friendly. Today, GDP in North Korea is reportedly lower than in 1990, notwithstanding a …
Persistent link: https://www.econbiz.de/10012203362
environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … pairwise interregional trade across all 50 U.S. states, 26 traded and non-traded industries, labor as a mobile factor, and … matches the U.S. input-output matrix. Using data on trade flows by industry between states, as well as other regional and …
Persistent link: https://www.econbiz.de/10011083376
We model imperfect contract enforcement when the victims of default resort to spot trading because the act of repudiation reveals a favorable outside option. We show that enforcement imperfection is essentially distinct from the contract incompleteness analyzed in the previous literature....
Persistent link: https://www.econbiz.de/10005751095
Trade logistics facilitate trade. Quality logistics services play an important role in facilitating the transportation … of international trade in goods: inefficient logistics services impede trade by imposing an extra cost in terms of time … that trade logistics play in the volume and value of international trade and the extent to which poor quality logistics …
Persistent link: https://www.econbiz.de/10008861843
Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of … exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an … unequivocally clear picture of the trade impacts of changes in exchange rates. In addition, much of the evidence on this subject …
Persistent link: https://www.econbiz.de/10011277111
This paper, together with five other background studies, is a part of a broader research programme addressing trade and … structural adjustment issues in non-member economies which was conducted as a follow-up to Trade and Structural Adjustment …: Embracing Globalisation (OECD, 2005) which identified policies for successful trade-related structural adjustment. This paper …
Persistent link: https://www.econbiz.de/10005078942
Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of … exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an … unequivocally clear picture of the trade impacts of changes in exchange rates. The impact of exchange rate volatility on trade also …
Persistent link: https://www.econbiz.de/10009320172
in unit labour costs. Despite this (and despite growth being weaker than expected in the euro zone), NMS foreign trade … continues to perform excellently. Foreign trade has been even more instrumental in generating GDP growth in the first quarter of … 2005 than in the past. It should be pointed out, however, that NMS trade with the 'old' EU has grown at a relatively slower …
Persistent link: https://www.econbiz.de/10009492721
growth in Ukraine has been spectacular, reflecting weak investment demand and the deterioration of foreign trade. By and …
Persistent link: https://www.econbiz.de/10009492722
output, construction, foreign trade and quarterly GDP figures confirm this development. The economic recovery in the 'old EU …, only Estonia and Lithuania currently meet all the Maastricht convergence criteria. A brief study of foreign trade data … reveals that in the Baltic States, foreign trade deficits are very high for goods even more so than for services. The NMS in …
Persistent link: https://www.econbiz.de/10009649588