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This paper provides a reinterpretation of seventeenth-century mercantilist trade doctrine and policy in light of recent theories of strategic trade policy. Mercantilist economic thought, like strategic export-promotion theories, emphasized the use of government policy to capture rents that arise...
Persistent link: https://www.econbiz.de/10005368203
Interest in income and price elasticities for international trade has increased recently because of the debt crisis that many developing countries are experiencing. Estimates of income elasticities of import demand, however, range from a low of 1.3 to a high of 4.7. Such differences have...
Persistent link: https://www.econbiz.de/10005368394
the U.S. external imbalances entails significant changes in real income, and that the speed with which U.S. net exports …
Persistent link: https://www.econbiz.de/10005368504
between trade and economic activity. Our analysis suggests that during the crisis both world trade and U.S. exports declined …
Persistent link: https://www.econbiz.de/10008917670
In 2009, the Federal Reserve Board implemented a survey of families that participated in the 2007 Survey of Consumer Finances (SCF) to gain detailed information on the effects of the recent recession on all types of households. Using data from the 2007-09 SCF panel, we highlight the variation in...
Persistent link: https://www.econbiz.de/10008917686
The degree of exchange-rate pass-through to import prices is low. An average pass-through estimate for the 1980s would be roughly 50 percent for the United States implying that, following a 10 percent depreciation of the dollar, a foreign exporter selling to the U.S. market would raise its price...
Persistent link: https://www.econbiz.de/10008691001
reference, we find that the prices charged on exports to the United States are more responsive to the exchange rate than is the …
Persistent link: https://www.econbiz.de/10005368182
An important but apparently neglected fact about U.S. exports is that export variation over time is dominated by … variation in exports of capital goods and industrial supplies rather than consumer goods. This fact suggests that world … investment demand rather than world consumption demand may be an important yet neglected determinant of U.S. exports. This paper …
Persistent link: https://www.econbiz.de/10005368184
restructuring is taking place. One measure of the success of restructuring is export performance. That is, increased exports by … investigation, it is too early to tell whether Hungarian exports will respond systematically to standard determinants of trade, such …
Persistent link: https://www.econbiz.de/10005368205
impact of Chinese exports on global prices has been, while non-negligible, fairly modest. On a priori grounds, our …, using a multi-country database of trade transactions, we estimate that since 1993, Chinese exports lowered annual import …
Persistent link: https://www.econbiz.de/10005368295