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Financial Markets and Economic Growth in Poland: Simulations with an Econometric Model
Wdowinski, Piotr - CESifo - 2005
In this paper we present simulations of economic performance of the Polish economy based on a quarterly econometric model. The model consists of 22 stochastic equations, which link the financial market with the real economy. The purpose of the research is to present effects of changes to...
Persistent link: https://www.econbiz.de/10005766248
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Resource Rents, Power, and Political Stability
Bjorvatn, Kjetil; Farzanegan, Mohammad Reza - CESifo - 2014
We study the association between resource rents and political stability, highlighting the importance of the distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are likely to be positively associated with the stability of a...
Persistent link: https://www.econbiz.de/10010756166
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Determinants of Country Beta Risk in Poland
Wdowinski, Piotr - CESifo - 2004
In the paper we analyze determinants of the capital market beta risk in Poland in the monthly period 1996-2002. The beta risk is measured as a time-varying parameter estimated in a regression of the Warsaw stock indexes (WIG and WIG20 separately) on major foreign stock market indexes (DJIA,...
Persistent link: https://www.econbiz.de/10005249463
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The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis
Jing, Ran - CESifo - 2011
This paper studies the performance of China’s exports during the 2008—2009 financial crisis. It focuses on the speed at … which China’s exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP …
Persistent link: https://www.econbiz.de/10009320783
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The Deepening China Brazil Economic Relationship
Whalley, John; Medianu, Dana - CESifo - 2010
We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … rates suggest that China will become the dominant trade partner for Brazil surprisingly soon. …
Persistent link: https://www.econbiz.de/10008833874
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The Rapidly Deepening India-China Economic Relationship
Whalley, John; Shekhar, Tanmaya - CESifo - 2010
In this paper we focus on the rapidly deepening bilateral India-China economic relationship. Each is deeply integrating … into the global economy through trade and FDI inflows, China is seen as primarily manufacturing-lead growth with India as … China, and the two have to be considered a joint global presence. India and China are thus viewed in the literature in …
Persistent link: https://www.econbiz.de/10008671685
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Globalization and the Rise of Mega-Cities in the Developing World
Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2008
Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, we critically discuss Friedman’s views and highlight the new globalization driven by outsourcing and vertical specialization. Second, we argue that Friedman...
Persistent link: https://www.econbiz.de/10005196306
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International Income Inequality: Measuring PPP Bias by Estimating Engel Curves for Food
Almås, Ingvild - CESifo - 2010
Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is substantial and systematic: the poorer a country, the more its...
Persistent link: https://www.econbiz.de/10008727306
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Price Equalization Does Not Imply Free Trade
Mutreja, Piyusha; Ravikumar, B.; Riezman, Raymond; … - CESifo - 2013
In this paper we show that price equalization alone is not sufficient to determine the barriers to international trade. There are many barrier combinations that deliver price equalization, but each combination implies a different volume of trade. We demonstrate this first theoretically in a...
Persistent link: https://www.econbiz.de/10010607838
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A Behaviour-based Approach to the Estimation of Poverty in India
Almås, Ingvild; Kjelsrud, Anders; Somanathan, Rohini - CESifo - 2013
Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices. Widespread criticism of these indices led to the adoption of a new official methodology in 2011 based on unit values from consumption survey data. We propose an alternative...
Persistent link: https://www.econbiz.de/10010877856