Showing 1 - 10 of 49
For individual countries, variable trade barriers can be used to reduce the volatility of domestic relative to world prices. If this is done by countries accounting for a large share of the market, its effect is offset by increases in world price volatility. This study shows the nature of the...
Persistent link: https://www.econbiz.de/10009207521
Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of gravity away from the north Atlantic, raising the importance of Asia in world trade but also altering the commodity composition of trade by Asia and other regions. What began with...
Persistent link: https://www.econbiz.de/10011083385
Rapid economic growth in some emerging economies in recent decades has significantly increased their global economic importance. If this rapid growth continues and is strongest in resource-poor Asian economies, the growth in global demand for imports of primary products also will continue, to...
Persistent link: https://www.econbiz.de/10011084563
food-borne disease, our model also makes predictions regarding health outcomes. We find that child-mortality patterns …
Persistent link: https://www.econbiz.de/10005016242
This paper investigates the robustness of recent findings on the effect of parental background on child health. We are … particularly concerned with the extent to which their finding that income effects on child health are the result of spurious … and child health are correlated with some common unobservable (say, low parental time preference) then least squares …
Persistent link: https://www.econbiz.de/10005504391
In 1984, the world was shocked at the scale of a famine in Ethiopia that caused over half a million deaths, making it …-22 years who experienced this severe shock as infants during the crisis. An innovative feature of the analysis is that famine … siblings, and compared with an IV cross-section, using rainfall as an instrument for the shock. We find that by adulthood …
Persistent link: https://www.econbiz.de/10011084497
In this paper, we show that strategic complementarities--such as firm-specific factors or quasi-kinked demand--have crucial implications for the design of monetary policy and for the welfare costs of output and inflation variability. Recent research has mainly used log-linear approximations to...
Persistent link: https://www.econbiz.de/10005667102
This Paper takes a broader look at how vertical linkages can trigger the spatial agglomeration of economic activity in a ‘new economic geography’ (NEG) set-up. First, it formally establishes the key positive features of a wide class of vertical-linkage models without resorting to numerical...
Persistent link: https://www.econbiz.de/10005504527
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...
Persistent link: https://www.econbiz.de/10011084415
It is shown that the net fiscal externality created by an additional member of a pay-as-you-go-pension system that is endowed with individual accounts equals the gross contributions of this member. In Germany, this equals about 175,000 Deutsche marks. The paper uses this information to design a...
Persistent link: https://www.econbiz.de/10005792013