Showing 1 - 10 of 78
-endowment based trade and economic ties with the secondary advanced economy (first the U.S. and then Japan) played important roles in …Factor-endowment based trade with the leading economy helps to explain the differing development performances of the … the pre-WWII growth of Japan, Southeast Asia's growth in the 1970s and the 1980s, and its economic crisis in the mid-1990s. …
Persistent link: https://www.econbiz.de/10005062412
This paper looks at the impact on Australia’s trade in crops (non-wheat grains and oilseeds) where GM technology has …’s trade position. …
Persistent link: https://www.econbiz.de/10005407855
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
terms of external trade volatility. Keeping information on exports and imports as external factors allowed to estimate a …
Persistent link: https://www.econbiz.de/10005125699
than that in the U.S., there is a possibility that the persisting bilateral trade deficit of the U.S. with Japan is …, but its ratio to output stabilizes. With evidence that the degree of relative risk aversion in Japan is relatively higher …
Persistent link: https://www.econbiz.de/10005062580
terms of external trade volatility. Keeping information on exports and imports as external factors allowed to estimate a …
Persistent link: https://www.econbiz.de/10005062633
This article provides a defense of a sentence lifted from the Final Report of the United States Trade Deficit Review … 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 …
Persistent link: https://www.econbiz.de/10005062657
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
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
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 this widespread fallacy, this paper explains why currency peg is … “unfair” trade advantage is concerned, currency peg is less guilty than the attempt to prevent or fix current account …
Persistent link: https://www.econbiz.de/10005119459