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Refuting the Trade Deficit Rationale
Mills, W. Raymond - EconWPA - 2004
Commission. 'The savings shortfall argument falsely presumes that causation goes from savings to the trade deficit'. The savings … shortfall argument is support by nothing more than reasoning by analogy from the pre-trade closed economy. The equation Savings … irrelevant the low level of savings as reported by the National Income and Product Accounts. …
Persistent link: https://www.econbiz.de/10005062657
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Un Análisis de cointegración con corrección de errores de las Fugas de Capital y la Inestabilidad Política en México , An econometric model of capital flight in Mexico
Diaz-Bautista, Alejandro; Andrade, Cesar Alfredo Olivas - EconWPA - 2005
Resumen El presente estudio se centra en analizar los factores que provocan el éxodo de capital en México, entre los que se incluyen: el saldo en cuenta corriente, el grado de sobrevaluación de la moneda, el diferencial en las tasas de interés entre México y Estados Unidos y el diferencial...
Persistent link: https://www.econbiz.de/10005125516
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PERCEIVED WELFARE EFFECTS OF CURRENT ACCOUNT DEFICIT – EVIDENCE FROM AMERICAN ECONOMY 1967 - 2005
Stolorz, Sebastian - EconWPA - 2005
The paper addresses the question, whether the increasing current account deficit has negative impact on American economy and society. Using data for American economy in years 1967 – 2005, it will be shown that perceived welfare effects, as measured by changes in Consumer Confidence,...
Persistent link: https://www.econbiz.de/10005125699
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Endogenous Growth Models in Open Economies: A Possibility of Permanent Current Account Deficits
Harashima, Taiji - EconWPA - 2005
The paper explores the impacts of heterogeneity in degree of relative risk aversion on the balance on current account in a two-country endogenous growth model. It concludes that, like the heterogeneity of demographic changes, the heterogeneity in degree of relative risk aversion generates...
Persistent link: https://www.econbiz.de/10005062580
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Perceived Welfare Effects of Current Account Deficit - Evidence from American Economy 1967-2005
Stolorz, Sebastian - EconWPA - 2005
The paper addresses the question, whether the increasing current account deficit has negative impact on American economy and society. Using data for American economy in years 1967 – 2005, it will be shown that perceived welfare effects, as measured by changes in Consumer Confidence,...
Persistent link: https://www.econbiz.de/10005062633
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The current account and the new rule in a two-country world
Erauskin-Iurrita, Inaki - EconWPA - 2004
This paper studies the impact of transitory income shocks (fluctuations in output, for example) on the current account in a two-country world. According to the standard intertemporal approach (or “the traditional rule”) to the current account, the variation in the current account is equal to...
Persistent link: https://www.econbiz.de/10005062705
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THE BALANCE OF PAYMENTS AS A MONETARY PHENOMENON:AN ECONOMETRIC CASE STUDY OF NIGERIA
NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003
THE THRUST OF THIS PAPER HAS BEEN TO INVESTIGATE THE THEORETICAL PROPOSITION OF THE MONETARY APPROACH TO THE THEORY OF BALANCE OF PAYMENTS ADJUSTMENT MECHANISM. THE ESSENCE OF THE APPROACH IS A CONSISTENT INSISTENCE THAT BALANCE OF PAYMENTS IS A MONETARY AND NOT A REAL PHENOMENON AS POSITED BY...
Persistent link: https://www.econbiz.de/10005408148
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Currency Manipulation versus Current Account Manipulation
Cai, Junning - EconWPA - 2005
It is said that a country’s currency peg can become currency manipulation representing protracted government intervention in the foreign exchange market that gives it unfair competitive advantage in international trade yet prevents effective balance of payments in its trade partners. Regarding...
Persistent link: https://www.econbiz.de/10005119459
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The Rise in Returns to Education and the Decline in Household Savings
Chanda, Areendam - EconWPA - 2005
This paper explores the consequences of rising returns to human capital investment on the personal savings rate. Over … to argue the presence of 'skill biased technological progress'. The literature explaining household savings has also … negative relationship between returns to education and savings rates across most of the past century and also a negative …
Persistent link: https://www.econbiz.de/10005076792
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SAVINGS MOBILIZATION ROLE OF NIGERIAN COMMERCIAL BANKS:AN ANALYTICAL POLICY STUDY
NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003
MOBILIZING DOMESTIC SAVINGS FOR DEVELOPMENT AND THE CONSTRAINTS IN THE EFFICIENT PERFORMANCE OF THIS ROLE. EMPIRICAL EVIDENCE …
Persistent link: https://www.econbiz.de/10005076971