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EXPORT DIVERSIFICATION IN LOW-INCOME COUNTRIES: AN INTERNATIONAL CHALLENGE AFTER DOHA
Bonaglia, Federico; Fukasaku, Kichiro - EconWPA - 2003
This paper discusses major policy issues related to commodity dependence and export diversification in low-income countries. Contrary to some widely-held view, it argues that natural resources are not necessarily a ‘curse’ that condemns low-income countries to underdevelopment but can...
Persistent link: https://www.econbiz.de/10005555981
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Market Power in International Commodity Processing Chains: Preliminary Results from the Coffee Market
Shepherd, Ben - EconWPA - 2005
Vector autoregressions are used to model price transmission through the coffee processing chain, from producers to the world market and from the world market to consumers. A comparison is made of price dynamics against a backdrop of two very different market structures: pre-1989, producers...
Persistent link: https://www.econbiz.de/10005556496
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Investigating Non-Linearities in the Relationship Between Real Exchange Rate Volatility and Trade
Bonroy, Olivier; Gervais, Jean-Philippe; Larue, Bruno - EconWPA - 2005
Production and marketing lags in agri-food supply chains force competitive primary producers and food processors to commit to output targets before prices and exchange rates are realized. A theoretical model with one processor and many price-taking primary producers is developed to show that an...
Persistent link: https://www.econbiz.de/10005125505
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Investigating Non-Linearities in the Relationship Between Real Exchange Rate Volatility and Agricultural Trade
Gervais, Jean-Philippe; Larue, Bruno; Bonroy, Olivier - EconWPA - 2004
The article analyzes production and marketing lags in agri-food supply chains that force competitive producers and processors to commit to output targets before prices and exchange rates are realized. We show that export markets act as put options for exporters and an increase in the volatility...
Persistent link: https://www.econbiz.de/10005408041
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The Impact of US Subsidies on the World Cotton Market: A Reassessment
Shepherd, Ben - EconWPA - 2005
Following a critical review of the existing quantitative literature on cotton subsidies, a vector autoregression (VAR) is used to model the effects of US subsidies on the world cotton market from 1965 to 2001. Surprisingly, subsidies are found to have only a limited impact on prices despite...
Persistent link: https://www.econbiz.de/10005119310
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Poverty, Inequality and Permeability to Globalization Effects : A Study of Select Villages in Udalguri Subdivision of Assam
Mishra, SK; Daimari, Prasen - EconWPA - 2005
in the social spirit and prowess, so much needed to benefit from globalization. Acute poverty is the major structural …Globalization is a deliberate decision to open up a national economy to the forces of product, factor and money markets … regime and went in for globalization in the early 1990’s. However, globalization of the Indian Economy has been defensive …
Persistent link: https://www.econbiz.de/10005119015
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Comparison between Asian, Russian and Turkish financial crises
Lukkarila, Johanna - EconWPA - 2004
, ie third generation theories, for the crisis episodes in Asia. It also compares the theories and Asian events to …
Persistent link: https://www.econbiz.de/10005556609
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Wavelet Multiresolution Analysis of High-Frequency Asian FX Rates, Summer 1997
LOS, CORNELIS A.; KARUPPIAH, JEYANTHI - EconWPA - 2004
FX pricing processes are nonstationary and their frequency characteristics are time-dependent. Most do not conform to geometric Brownian motion, since they exhibit a scaling law with a Hurst exponent between zero and 0.5 and fractal dimensions between 1.5 and 2. This paper uses wavelet...
Persistent link: https://www.econbiz.de/10005561603
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Explaining the Real Exchange Rate during Sudden Stops and Tranquil Periods
Terada-hagiwara, Akiko - EconWPA - 2005
This paper untangles the causes behind real exchange rate devaluation events with particular attention paid to the Sudden Stop of capital flows. By utilizing cumulative impulse response function and variance decomposition analysis, we argue that there is the asymmetric response across Sudden...
Persistent link: https://www.econbiz.de/10005125513
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Are Asian Real Exchange Rates Stationary?
Liew, Venus Khim-sen; Baharumshah, Ahmad Zubaidi; … - EconWPA - 2003
By applying the newly developed nonlinear stationary test advanced by Kapetanois et al. [Journal of Econometrics 112 (2003) 359 - 379] in examining the stationary property of 11 Asian real exchange rates, this paper rejects unit root in 8 US dollar based and 6 Japanese yen based rates, whereas...
Persistent link: https://www.econbiz.de/10005125552