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Open Capital Account: Concrete Wealth or Paper Wealth
Cai, Junning; Gangnes, Byron - EconWPA - 2004
Empirical evidence shows that capital inflows are often used by developing countries to finance excessive consumption … investments tends to result in capital inflows being channeled to consumption through wealth effect. Our analysis shows that … consumption booms. We show that the proportion of capital inflows used for financing consumption is negatively correlated with …
Persistent link: https://www.econbiz.de/10005125556
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Estimation of Some Omani Macroeconomic Parameters - A Discussion
Rao, Ananth - EconWPA - 2003
The captioned article was earlier published in “Economic Horizons” volume 18, #72 – AH 1418 – 1997 (4) Pages (65-78). I had some concerns about the article regarding the methodology adopted for analysis in deriving the macroeconomic parameters and the derivation and interpretation of...
Persistent link: https://www.econbiz.de/10005561154
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The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine
Woo, Wing Thye - EconWPA - 2003
Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter tremendous external pressure to revalue the Renminbi (RMB) substantially. Our conclusion is that the major macroeconomic challenges have their roots in China’s...
Persistent link: https://www.econbiz.de/10005062405
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Investment-Saving Comovement and Capital Mobility: Evidence from Century Long U.S. Time Series
Levy, Daniel - EconWPA - 2005
This paper makes three contributions: First, I construct annual time series of gross domestic investment and national saving in the U.S. for the 1897–1949 period using historical component series. I compare the qualitative and quantitative properties of the newly constructed series with the...
Persistent link: https://www.econbiz.de/10005408170
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Time preference, productivity, and the growth effects of integration
Frenkel, Michael; Trauth, Thomas - EconWPA - 1996
Traditional trade theory emphasizes static gains form trade, whereas the growing literature on endogenous growth is able to explain dynamic gains from trade, i.e., how trade influences economic growth. Empirical studies suggest that dynamic gains are likely to be significantly more important...
Persistent link: https://www.econbiz.de/10005062653
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The Effects of Foreign Trade Liberalization and Financial Flows between Slovenia and the EU after the Accession
Majcen, Boris; Verbic, Miroslav; Knezevic, Sasa - EconWPA - 2005
The new version of the CGE model of the Slovenian economy, based on the 1998 SAM, was used for simulations of the consequences of further foreign trade liberalization after 1998 as the outcome of the finished processes of implementation of Free Trade Agreements and the European Agreement,...
Persistent link: https://www.econbiz.de/10005408067
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Income Distribution, Technical Change and the Dynamics of International Economic Integration
Landesmann, Michael A.; Stehrer, Robert - EconWPA - 2004
This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income distribution, growth and international specialization. The model is explored both for the steady- state properties and the transitory dynamics of integrated economies. Income...
Persistent link: https://www.econbiz.de/10005556460
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The Positive Effects of Globalisation
Tamvada, Jagannadha Pawan - EconWPA - 2002
This paper consits of two parts .. First part is a Static model..and models a globalised economy and observes the effects of sense of security between nations and the willingness of people to develop and cooperate.the Second part considers the world as a set of regions specialising in production...
Persistent link: https://www.econbiz.de/10005556473
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REGIONALISM, TRADE AND GROWTH: THE CASE OF THE EU-SOUTH AFRICA FREE TRADE ARRANGEMENT
Andriamananjara, Soamiely; Hillberry, Russell - EconWPA - 2001
In a sequential Computable General Equilibrium analysis, we investigate the likely effects of the EU-South Africa Free Trade agreement (FTA), with a special emphasis on South Africa’s growth prospects. We find that the FTA increases South African output and welfare. We note, however, that the...
Persistent link: https://www.econbiz.de/10005119252
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Apertura Comercial y Convergencia Regional en Mexico
Diaz-Bautista, Alejandro - EconWPA - 2003
the long term growth rate and in the process of economic convergence between the states of Mexico, the present study … focused on the regional economic convergence process in Mexico, and the effects of economic openess. …
Persistent link: https://www.econbiz.de/10005125613