Showing 71 - 80 of 147
International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared with the logic of factor price equalization in a two-sector model). To resolve the paradoxes, we introduce a non-neoclassical model which...
Persistent link: https://www.econbiz.de/10005768844
This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000, using instrumental variables estimation to address the potential endogeneity of offshoring. It finds that service offshoring has a significant positive effect on productivity in...
Persistent link: https://www.econbiz.de/10005768861
presents several conventional techniques for assessing competitiveness, namely the real exchange rate and recent trade … many post-conflict situations. The real exchange measure and trade measures suggest some mild erosion of competitiveness in …
Persistent link: https://www.econbiz.de/10005768991
This paper explores inflation determinants within the EU and implications for new members' euro adoption plans. Factor analysis partitions observed inflation in EU25 countries into common-origin and country-specific (idiosyncratic) components. Cross-country differences in common-origin inflation...
Persistent link: https://www.econbiz.de/10005769001
This paper analyzes the causes and consequences of non-monetary transactions in Russia, drawing on a large enterprise survey. We show that barter and offsets are linked to liquidity problems at the level of the firm and to arrears in particular. We find evidence that the state has channeled...
Persistent link: https://www.econbiz.de/10005769008
" foreign direct investment, and the empirical literature on trade and growth. Finally we use a numerical simulation model of …
Persistent link: https://www.econbiz.de/10005769071
This paper investigates empirically the relevance of external, domestic, and financial weaknesses as well as trade and …
Persistent link: https://www.econbiz.de/10005769104
This paper estimates a gravity model to address the issue of whether intra-Arab trade is too little. Although gravity … models have been extensively used to measure bilateral trade among countries, they have—to the best of our knowledge …—never been used to measure intra-Arab trade. Our results suggest that intra-Arab trade and Arab trade with the rest of the world …
Persistent link: https://www.econbiz.de/10005769204
This paper examines the effects of trade costs on macroeconomic volatility. We first construct a dynamic, two …-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs …, etc.). The model is a extension of Obstfeld and Rogoff (1995). Naturally, a reduction in trade costs leads to more market …
Persistent link: https://www.econbiz.de/10005769265
, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over 1960-2000. Since most …
Persistent link: https://www.econbiz.de/10005769331