Showing 1 - 10 of 23,051
trade liberalisation. This paper uses the South African Revenue Service (SARS) and National Treasury (NT) firm-level panel … to assess the response of South African firms to trade policy changes and demand shocks in destination markets between … firm level. Also, trade liberalisation policies in the destination country positively affect the number of exported goods …
Persistent link: https://www.econbiz.de/10012304419
The relationship between foreign direct investment (FDI), trade openness and economic growth in host countries remains … indicate that there is no significant Granger causality from FDI to economic growth, from economic growth to FDI, from trade to … economic growth and from economic growth to trade in the short run. Even though there is a widespread belief that FDI can …
Persistent link: https://www.econbiz.de/10010780724
determines the trade-off between a stable distribution of income and the external balance is first derived. As a second step the … balance. Findings – The study first shows, in the context of an small open economy, relevant trade-offs among three crucial …
Persistent link: https://www.econbiz.de/10010610878
market size, or government spending. We introduce trade costs and endogenous varieties in a two-country general … and differentiation costs also have higher GDP, but supply a larger array of goods at improved terms of trade. The sign of … the international welfare spillovers depends on terms of trade, but also on consumers’ taste for variety. Higher domestic …
Persistent link: https://www.econbiz.de/10005123889
intranational data to evaluate the linkages between trade in goods, trade in financial assets, specialization and business cycles …) Simultaneity is important, as both trade and financial openness have a direct and an indirect effect on cycles of synchronization … sizeable effect on business cycles, above and beyond their reflection of intra-industry trade and of openness to goods and …
Persistent link: https://www.econbiz.de/10005123902
This paper provides novel evidence on the determinants of the synchronization in business cycles. I find trade has …
Persistent link: https://www.econbiz.de/10005136558
commodity trade and capital mobility. We show that consumption smoothing, which comes with the opening of the capital market …
Persistent link: https://www.econbiz.de/10005497815
reserves in many countries. The results of the analysis suggest that the levels of trade and domestic financial depth are …
Persistent link: https://www.econbiz.de/10009024408
Openness per se requires optimal monetary policy to deviate from the canonical closed-economy principle of domestic price stability, even if domestic prices are the only ones to be sticky. I review this argument using a simple partial equilibrium analysis in an economy that trades in final...
Persistent link: https://www.econbiz.de/10011083335
appreciation of the Norwegian Krone in the early 2000s on Norwegian manufacturing firms which differ substantially in their trade …
Persistent link: https://www.econbiz.de/10005666743