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negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …
Persistent link: https://www.econbiz.de/10005013072
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to … (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium …
Persistent link: https://www.econbiz.de/10010540254
, strong intraregional trade, and the prospect of accession to the EU. It concludes that the EU’s Member States must give …
Persistent link: https://www.econbiz.de/10010555696
In this paper we construct a Ricardian model of trade in vertically-differentiated products between a developing …
Persistent link: https://www.econbiz.de/10005196297
increased bilateral trade and foreign direct investment flows and also from enhanced cohesion of negotiating positions in … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … the two countries has also significantly increased in recent years. Projections of future trade flows using current growth …
Persistent link: https://www.econbiz.de/10008833874
We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10005094204
Utilizing panel data for 19 OECD countries we find suppor t for the hypothesis that a greater degree of product variety relative to the US helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from 6-digit OECD export...
Persistent link: https://www.econbiz.de/10005416492
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness are … interrelated i.e. bidirectional causality. Feedback hypothesis is validated between trade openness and financial development …
Persistent link: https://www.econbiz.de/10011165503
the results in terms of contemporary variants of the model that incorporate the terms of trade mechanism. Specifically we … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We … with the behavior of trade costs can explain the cross-regime variation of the productivity effect. …
Persistent link: https://www.econbiz.de/10010877817
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010877922