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Are current account deficits sustainable? New evidence from Iran using bounds test approach to level relationship
Heidari, Hassan; Katircioglu, Salih Turan; Davoudi, Narmin - Institut für Weltwirtschaft (IfW) - 2012
This paper provides new evidence on the long-run relationship between exports and imports of the Iranian economy by employing bounds test approach to level relationship. In Iran, there have been many unusual policy changes and/or external shocks to the economy which resulted in the occurrence of...
Persistent link: https://www.econbiz.de/10010956087
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Trade, Education, and The Shrinking Middle Class
Blanchard, Emily; Willmann, Gerald - Institut für Weltwirtschaft (IfW) - 2013
We develop a new model of trade in which educational institutions drive comparative advantage and determine the … support of human capital choices to demonstrate that freer trade can induce crowding out of the middle occupations towards the … gains from trade may be non-monotonic in workers' ability, and middle ability agents can lose the most from trade …
Persistent link: https://www.econbiz.de/10010886979