The rapid development of Pacific Asia over the past twenty years offers an excellent opportunity to analyze the dynamics of economic growth. Trade and Structural Change in Pacific Asia explores the nature and causes of changes that have occurred in the economic structure of Pacific Asia, the...

This paper develops and applies a model of world trade and exchange rates to analyze dynamic interaction of the current account and exchange rate. The model is designed to concentrate on the determination of trade flows, prices and exchange rates for the OECD member countries but it also covers...

This paper contains a detailed description of a model of trade and exchange rates. A verbal summary of the model may be found in NBER Working Paper #389. The model contains equations for import demands, bilateral trade flows and trade prices for 26 regions and three commodities. A simple...

The current financial crisis has highlighted the danger that declines in confidence can have a self-fulfilling effect on economic activity. In this paper, the authors consider ways of measuring investor and consumer confidence, and try to explain the evolution of confidence using measures of...

Backed by rapid economic growth, growing financial clout, and a newfound sense of assertiveness in recent years, the BRIC countries - Brazil, Russia, India, and China - are a driving force behind an incipient transformation of the world economy away from a US-dominated system toward a multipolar...

La culture du coton a connu un énorme succès en Afrique de l'Ouest et du Centre. La région est actuellement deuxième exportateur mondial derrière les Etats Unis, avec une part de marché de 15 pourcent. Malgré la forte performance qu'elle a connu dans le passé, la filière est...