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How Does Trade Evolve in the Aftermath of Financial Crises?

Abiad, Abdul; Topalova, Petia; Mishra, Prachi - International Monetary Fund (IMF) - 2011

We analyze trade dynamics following past episodes of financial crises. Using an augmented gravity model and 179 crisis episodes from 1970-2009, we find that there is a sharp decline in a countryâ€™s imports in the year following a crisis-19 percent, on average-and this decline is...

Persistent link: https://www.econbiz.de/10008839351

Protectionist Responses to the Crisis; Damage Observed in Product-Level Trade

McDonald, Bradley J.; Henn, Christian - International Monetary Fund (IMF) - 2011

This paper investigates how trade flows are being affected by new discriminatory measures implemented during the global financial crisis. We match data on behind-the-border measures (e.g., bailouts and subsidies) and border measures implemented through April 2010 to monthly HS 4-digit bilateral...

Persistent link: https://www.econbiz.de/10009151205

Exchange Rate Pass-Through Over the Business Cycle in Singapore

Tan, Siang Meng; Chew, Joey; Ouliaris, Sam - International Monetary Fund (IMF) - 2011

This paper investigates exchange rate pass-through in Singapore using band-pass spectral regression techniques, allowing for asymmetric effects over the business cycle. First stage pass-through is estimated to be complete and relatively quick, confirming existing views that the exchange rate...

Persistent link: https://www.econbiz.de/10009151220

China's Economic Growth; International Spillovers

Vamvakidis, Athanasios; Arora, Vivek B. - International Monetary Fund (IMF) - 2010

This paper presents some facts on Chinaâ€™s role in the world economy and measures the impact of Chinaâ€™s growth on growth in the rest of the world in the short and long term. Short-run estimates based on VARs and error-correction models suggest that spillover effects of...

Persistent link: https://www.econbiz.de/10008560430

Is China's Export-Oriented Growth Sustainable?

Guo, Kai; N'Diaye, Papa - International Monetary Fund (IMF) - 2009

This paper assesses the sustainability of China's export-oriented growth over the medium to longer term. It shows that maintaining the current export-oriented growth would require significant gains in market share through lower prices in a range of industries. This, in turn, could be achieved...

Persistent link: https://www.econbiz.de/10008528629

Spillovers of Domestic Shocks; Will they Counteract the "Great Moderation"?

Mody, Ashoka; Carare, Alina - International Monetary Fund (IMF) - 2010

Even prior to the extreme volatility just observed, output growth volatility-following protracted decline-was flattening or mildly rising in some countries. More widespread was an increasing tendency from the mid-1990s for shocks in one country to transmit rapidly to other countries, creating...

Persistent link: https://www.econbiz.de/10008533228

Nigeria; Poverty Reduction Strategy Paper: National Economic Empowerment and Development Strategy

International Monetary Fund (IMF); International … - 2005

This Poverty Reduction Strategy Paper for Nigeria highlights the National Economic Empowerment and Development Strategy (NEEDS). NEEDS gives special support to agriculture, industry, small and medium-scale enterprises, and oil and gas. Under the plan, the government will seek long-term capital...

Persistent link: https://www.econbiz.de/10005591671

Hong Kong SAR Economic Integration with the Pearl River Delta

Unteroberdoerster, Olaf; Chen, Hongyi - International Monetary Fund (IMF) - 2008

Hong Kong SAR's economic integration with the Mainland has primarily taken place in the Pearl River Delta (PRD). Taking stock of integration trends, this paper discusses key implications for ensuring economic benefits of further integration are sustained and associated costs minimized. Besides...

Persistent link: https://www.econbiz.de/10005599204

Central America; Global Integration and Regional Cooperation

Rodlauer, Markus; Schipke, Alfred - International Monetary Fund (IMF) - 2005

Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examinesâ€”among other thingsâ€”the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...

Persistent link: https://www.econbiz.de/10005252532

From "Hindu Growth" to Productivity Surge; The Mystery of the Indian Growth Transition

Rodrik, Dani; Subramanian, Arvind - International Monetary Fund (IMF) - 2004

This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic … performance did not play a role. We find evidence that the trigger may have been an attitudinal shift by the government in the … response, because India was far away from its income-possibility frontier. Registered manufacturing, which had been built up in …

Persistent link: https://www.econbiz.de/10005825610