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Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (BACE) Approach

Doppelhofer, Gernot - 2000

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...

Persistent link: https://www.econbiz.de/10012471000

Consumption Risk and International Asset Returns : Some Empirical Evidence

Cumby, Robert E. - 1987

The paper examines if real stock returns in four countries are consistent with consumption-based models of international asset pricing. The paper finds that ex-ante real stock returns exhibit statistically significant fluctuations over time and that these fluctuations cannot be explained by...

Persistent link: https://www.econbiz.de/10012476685

International Financial Integration and Economic Growth

Edison, Hali J. - 2002

This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...

Persistent link: https://www.econbiz.de/10012469546

The Value of MFN Treatment

Ghosh, Madanmohan - 1998

We discuss most favoured nation (MFN) treatment in trade agreements, suggesting that its value to individual countries depends critically on the relevant model solution concept used to evaluate it. We analyze both rights to MFN treatment in foreign markets, and the obligation to grant MFN...

Persistent link: https://www.econbiz.de/10012472344

Currency Baskets and Real Effective Exchange Rates

Branson, William H. - 1981

With the major currencies continuously moving (if not floating freely) against each other, a country that does not choose to float must decide what to peg to. If it pegs to the SDR it floats against all currencies. Thus in the system begun in the early 1970s the very concept of a fixed exchange...

Persistent link: https://www.econbiz.de/10012478455

Currency Factors

Aloosh, Arash - 2019

additional factors, a commodity currency factor and a "world" factor based on trading volumes, fits currency basket correlations …

Persistent link: https://www.econbiz.de/10012479405

Shining a Light on Purchasing Power Parities

Pinkovskiy, Maxim - 2018

study of PPP-adjusted estimates of GDP around the world between 1992 and 2010. First, we find that while market exchange … optimal. Using data from the Penn World Tables, we find that, indeed, it is optimal to only use the latest price data, and …

Persistent link: https://www.econbiz.de/10012453295

Foreign Affiliate Sales and Trade in Both Goods and Services

Li, Chunding - 2010

(1994) and the GATS there is an incompatibility between measures of world trade in goods and services. Measures of goods …

Persistent link: https://www.econbiz.de/10012462384

How Large are the Impacts of Carbon Motivated Border Tax Adjustments

Dong, Yan - 2009

increases, and other country's production decreases compared with the case of no BTAs. With the contraction of world trade flows … caused by the financial crisis, carbon motivated BTAs offer a prospect of a compounding effect in a world which is going …This paper discusses the size of impact of carbon motivated border tax adjustments on world trade. We report numerical …

Persistent link: https://www.econbiz.de/10012463037

Is There a Diversification Discount in Financial Conglomerates?

Laeven, Luc - 2005

Persistent link: https://www.econbiz.de/10012467179