Showing 1 - 10 of 82
Zuerst war es die Hartwährungspolitik, dann die Mitgliedschaft im Euroraum, die den Zusammenhang zwischen Wechselkursen und österreichischem Außenhandel in Vergessenheit geraten ließen. Der massive Einbruch des Welthandels im Zuge der Finanzmarktkrise und die jüngste Euroschwäche...
Persistent link: https://www.econbiz.de/10008524309
This paper tests for one mechanism that can explain the existence of a language barrier to trade. Specifically, I ask if those industries that require more cross-border communication in order to export their products trade more between Canadian provinces that know the other's language(s). I find...
Persistent link: https://www.econbiz.de/10005558189
Mit einem umfassenden und in der Öffentlichkeit höchst umstrittenen Handels- und Investitionsabkommen (TTIP) wollen die EU und die USA die größte Freihandelszone der Welt errichten und damit Wachstum und Beschäftigung stimulieren. Zwar prognostizieren alle bisherigen TTIP-Studien positive...
Persistent link: https://www.econbiz.de/10011133732
Trade economists traditionally study the effect of lower variable trade costs. While increasingly important politically, technical barriers to trade (TBTs) have received less attention. Viewing TBTs as fixed regulatory costs related to the entry into export markets, we use a model with...
Persistent link: https://www.econbiz.de/10005146599
In this article, a new composite globalisation index will be presented. With its 21 variables, it accounts for the … multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation … indices, three major innovations are introduced in this New Globalisation Index (NGI). Firstly, five variables that have until …
Persistent link: https://www.econbiz.de/10008619339
Since its inception in 1995, more than 330 disputes have been raised under the WTO Dispute Settlement System. The major players in world trade - the EU and the USA - are also the busiest users of this instrument. After looking at links between economic integration and WTO involvement and a...
Persistent link: https://www.econbiz.de/10005558196
not predetermined: globalisation may intensify initial specialisations or may induce technological upgrading leading to …
Persistent link: https://www.econbiz.de/10009364287
We analyse the dynamics of the standard deviation of demand shocks and of the demand component of GDP across countries in the European Monetary Union (EMU). This analysis allows us to evaluate the patterns of cyclical comovement in EMU and put them in contrast to the cyclical performance of the...
Persistent link: https://www.econbiz.de/10008643790
We propose the analysis of the dynamics of the standard deviation of business cycles across euro area countries in order to evaluate the patterns of cyclical convergence in the European Monetary Union for the period 1960-2008. We identify significant business cycle divergence taking place in the...
Persistent link: https://www.econbiz.de/10008643792
This paper empirically assesses how democratization affects real exchange rates. By doing this, we combine so far separated strands of the economic literature and argue that democratization reduces currency undervaluation leading to a real exchange rate appreciation. We test this hypothesis...
Persistent link: https://www.econbiz.de/10010856793