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Environmental Impacts of a North American Free Trade Agreement

Grossman, Gene; Krueger, Alan B - C.E.P.R. Discussion Papers - 1992

evidence to assess the relative magnitudes of these three effects as they apply to further trade liberalization in Mexico. We … study the determinants of the industry pattern of US imports from Mexico and of value added by Mexico's maquiladora sector … effect of a North American Free Trade Agreement (NAFTA) on pollution in Mexico. …

Persistent link: https://www.econbiz.de/10005791657

A Valuation Formula for LDC Debt

Cohen, Daniel - C.E.P.R. Discussion Papers - 1990

This paper gives a valuation formula for LDC debt that is used to assess: i) the price at which a buy-back of the debt is advantageous to the country (we shall see that it is likely to be half the observed market price); ii) the value to the creditors of having the flows of payment guaranteed...

Persistent link: https://www.econbiz.de/10005791581

Spain's International Position, 1850-1913

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2009

Spain's financial position during the late 19th and early 20th century has usually been presented as one of persistent deficit on current account, which resulted from her integration into international commodity and factor markets and this, in turn, slowed down growth. In this essay a...

Persistent link: https://www.econbiz.de/10008458296

Oil Shocks and External Balances

Kilian, Lutz; Rebucci, Alessandro; Spatafora, Nikola - C.E.P.R. Discussion Papers - 2007

This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries’ external balance, including the oil trade balance, the non-oil trade balance, the current account and changes in net foreign assets (NFA) during 1975–2004. We...

Persistent link: https://www.econbiz.de/10005124422

Relaxing the External Constraint: Europe in the 1930s

Eichengreen, Barry - C.E.P.R. Discussion Papers - 1990

This paper documents the effects of exchange rates and the external constraint during the interwar years. In the absence of international policy coordination, exchange rate depreciation is shown to have been a necessary precondition for the adoption of policies promoting recovery from the Great...

Persistent link: https://www.econbiz.de/10005498070

The Balance of Payments of Oil Importing Countries: An Aggregate Econometric Analysis

Beenstock, Michael - C.E.P.R. Discussion Papers - 1987

Using annual data drawn from 1963-1983 we estimate an econometric model of the balance of payments of oil-importing LDCs. The model consists of equations for the quantities of exports and imports, unit value indices for exports and imports, capital flows, reserves and the exchange rate. An...

Persistent link: https://www.econbiz.de/10005504374

Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism

van Wijnbergen, Sweder - C.E.P.R. Discussion Papers - 1984

Using a standard complete specialization model of a small open economy within a rigorous intertemporal optimization framework and with contract-based wage rigidity, we show that permanent tariffs lead to a current account deterioration and a fall in employment, contradicting most of the...

Persistent link: https://www.econbiz.de/10005656454

National Insolvency: A Test of the US Intertemporal Budget Constraint

Uctum, Merih; Wickens, Michael R. - C.E.P.R. Discussion Papers - 1990

If a nation fails to satisfy its intertemporal budget constraint (IBC) then, like a government or a household, either it will become insolvent or it can consume more of its income. The main purpose of this paper is to establish necessary and sufficient conditions for a nation to satisfy its IBC,...

Persistent link: https://www.econbiz.de/10005666888

Innovation and Regional Growth in Mexico: 2000-2010

Rodriguez-Pose, Andres; Peralta, Villarreal; Maria, Edna - C.E.P.R. Discussion Papers - 2014

This paper looks at the factors driving regional growth in Mexico, paying special attention to the potentially growth … formation of adequate social conditions for innovation (the social filter), and spillovers for 31 Mexican states and the Mexico …

Persistent link: https://www.econbiz.de/10011083786

Getting Ready: Preparation for Exporting

Iacovone, Leonardo; Javorcik, Beata - C.E.P.R. Discussion Papers - 2012

very detailed Mexican data for 1994-2004, a period of liberalization in US trade policy vis a vis Mexico, mandated by the …

Persistent link: https://www.econbiz.de/10011083933

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