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fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real … depreciation and with quality, leading to more pricing-to-market and to a smaller response of export volumes to a real depreciation … for higher quality goods. We test the proposed theory using a highly disaggregated Argentinean firm-level wine export …
Persistent link: https://www.econbiz.de/10010790394
income countries and states have high demand for low quality products which can be produced efficiently in small plants. I … respect to quality on the consumer side. On the producer side, high quality production has higher marginal costs and requires … higher fixed costs. These two features imply that high quality producers are larger on average and charge higher prices. The …
Persistent link: https://www.econbiz.de/10011106152
Increases in core inflation owing to the VAT hike were smaller than expected, initially constituting a puzzle and leading to speculation about delayed increases or competitive pressures. Given Germany’s large size and openness, spillover interactions appear to have increased over time. In...
Persistent link: https://www.econbiz.de/10011244476
This paper documents two aspects of Canada’s regional diversity and compares the results with those across U.S. regions. Although gradually converging, Canadian provinces exhibit a considerably diverse economic structure. The paper suggests that the reduction in macroeconomic volatility...
Persistent link: https://www.econbiz.de/10011244777
detailed assessments using the data quality assessment framework. Thailand possesses a well-developed macroeconomic statistical … of the statistics-producing agencies that quality builds trust and, thus, is a cornerstone of statistical work. …
Persistent link: https://www.econbiz.de/10011245520
quality based on the IMF’s Data Quality Assessment Framework, July 2003. It reveals that there has been a strengthening of …
Persistent link: https://www.econbiz.de/10011245817
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
This paper examines the role of financial development and financial structure in explaining cross-country diffusion of information communication technology (ICT). Using panel data for 76 emerging and advanced countries for the period 1990-2003, the paper finds that credit and stock market...
Persistent link: https://www.econbiz.de/10005263968
The paper reviews the developments in the last 12 years that have influenced the evolution of the IMF's General Data …
Persistent link: https://www.econbiz.de/10008561073
This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver behind the deceleration in labor productivity. The increase in bilateral trade was accompanied by...
Persistent link: https://www.econbiz.de/10005825029