Showing 1 - 10 of 166
This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new … value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong … positive impact of trade intensity on BCS—conditional on various controls, global common shocks and country …
Persistent link: https://www.econbiz.de/10011142047
€™s exports. Although rising trading links with China have allowed African countries to diversify their export base across … countries, away from advanced economies, they have also led SSA countries to become more susceptible to spillovers from China …
Persistent link: https://www.econbiz.de/10011142109
the RoW, but has also gradually drifted away from the G7 in favour of the BRICs. Trade with the BRICs turns out to be the … strongest driver of this shift. Much of this impact unfolds through aggregate demand impulse from trade. As fiscal policy …
Persistent link: https://www.econbiz.de/10011142171
private sector), the exchange rate, as well as the wheat support price as a supply-side factor that has received considerable …. Changes in the wheat support price influence inflation in the short run, but not in the long run. Furthermore, the wheat …
Persistent link: https://www.econbiz.de/10005604974
the sample period. The Granger causality test suggests that private sector credit and world wheat prices are the leading …
Persistent link: https://www.econbiz.de/10008528630
We examine how Korea’s capital flows and trade have been affected by the quantitative easing (QE) of the United … in the world market for trade. We find that QE had little direct impact on capital flows to Korea, and tapering is … the exchange rate spillover from QQME to Korea has been limited both on trade and capital flow fronts. …
Persistent link: https://www.econbiz.de/10011142093
This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the Middle East, North Africa, the Caucasus, and Central Asia. Estimates of export elasticities with respect to trading partner GDP indicate non-oil export volumes are relatively...
Persistent link: https://www.econbiz.de/10011142158
This paper examines the mechanisms through which output volatility is related to trade openness using an industry …-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to … international trade are more volatile. Second, trade is accompanied by increased specialization. Third, sectors that are more open …
Persistent link: https://www.econbiz.de/10010790347
International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been … center presents Pacific island countries with an unprecedented opportunity to develop trade with Asia, particularly in …
Persistent link: https://www.econbiz.de/10010959471
This paper examines the economic and financial linkages between Morocco and Tunisia and their European partners. Using structural vector autoregressions, we find that growth shocks in European partner countries generate significant responses on growth in Morocco and Tunisia. For Tunisia, exports...
Persistent link: https://www.econbiz.de/10008727792