Showing 1 - 10 of 177
In this paper we analyse the relationship between gravity variables and f.o.b. export unit values using Hungarian firm …-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for … relationship between unit values and market size. We propose two possible explanations: first, firms may export different quality …
Persistent link: https://www.econbiz.de/10008530371
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international … exchange rate volatility, even after controlling for a host of features, including the endogenous nature of the exchange rate …
Persistent link: https://www.econbiz.de/10005666776
We fit nonlinearly mean-reverting models to real dollar exchange rates over the post-Bretton Woods period, consistent with a theoretical literature on transaction costs in international arbitrage. The half lives of real exchange rate shocks, calculated through Monte Carlo integration, imply...
Persistent link: https://www.econbiz.de/10005666576
In this Paper we assess the progress made by the profession in understanding whether and how exchange rate intervention works. To this end, we review the theory and evidence on official intervention, concentrating primarily on work published within the last decade or so. Our reading of the...
Persistent link: https://www.econbiz.de/10005666659
This paper examines the sources of firm product and process innovation in Norway. It uses a purpose-built survey of …
Persistent link: https://www.econbiz.de/10009225958
the arguments presented also apply to Norway. The paper also discusses briefly, similar market solutions to problems …
Persistent link: https://www.econbiz.de/10005789101
The geographical sources of innovation of firms have been hotly debated. While the traditional view is that physical proximity within city-regions is key for the innovative capacity of firms, the literature on ‘global pipelines’ has been stressing the importance of establishing communication...
Persistent link: https://www.econbiz.de/10008854504
liquidity fund is bigger if the windfall lasts longer and oil price volatility, prudence and the GDP share of oil rents are high … and productivity growth is low. We apply our theory to the windfalls of Norway, Iraq and Ghana. The optimal size of Ghana …’s liquidity fund is tiny even with high prudence. Norway’s liquidity fund is bigger than Ghana’s. Iraq’s liquidity fund is …
Persistent link: https://www.econbiz.de/10011084534
Using an RAS update to 1990 of an 86-sector input-output table for Hungary in 1986, and corresponding data on world … sectors are obtained under a variety of conditions. Hungary's trade relationships and constraints on trade make it uncertain … Hungary and the EC on Hungary's competitiveness, finding that some sectors will be strengthened, e.g. forestry, agriculture …
Persistent link: https://www.econbiz.de/10005662220
estimations of trade reorientation reveal that cost efficiency, export subsidy and foreign demand played important and varying …
Persistent link: https://www.econbiz.de/10005666895