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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
This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in …
Persistent link: https://www.econbiz.de/10005765925
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
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10010948836
Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...
Persistent link: https://www.econbiz.de/10010948869
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework where demand shifts stochastically between three different states, each with different rates of drift and volatility. In our setting the shifts are governed by a three-state Markov...
Persistent link: https://www.econbiz.de/10005013955
This paper studies the long-run relationship between consumption, asset wealth and income in Germany, based on data from 1980 to 2003. While earlier studies — mostly for the Anglo-Saxon economies — have generally documented that departures of these three variables from their common trend...
Persistent link: https://www.econbiz.de/10005765943