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There is an ongoing debate in the literature on whether global trade flows have become disconnected from the large real effective exchange rate movements in the wake of the global financial crisis. The question has important policy implications for the role of exchange rates in supporting growth...
Persistent link: https://www.econbiz.de/10012865830
. While exports still rise in response to REER depreciations, the REER-export elasticity is below historical estimates. The …, can improve our understanding of export performance. We find that increased policy uncertainty diminishes the … responsiveness of exports to the REER and has short and long-run level effects on export performance. Finally, we show that a measure …
Persistent link: https://www.econbiz.de/10012977857
This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some suggestive evidence that the elasticity of real manufacturing exports to the Real...
Persistent link: https://www.econbiz.de/10012999740
We explore the contribution of product-quality upgrading to the export performance of six fast-growing Asian economies … changes in these countries' sectoral export shares during 1970-2010. We build a multisector Ricardian trade model which allows … for changes in product quality, and calibrate it to generate predictions about export volumes. Unlike previous literature …
Persistent link: https://www.econbiz.de/10012843384
This paper investigates the impact of domestic fuel price increases on export growth in a sample of 77 developing … in domestic gasoline or diesel price adversely affects real non-fuel export growth, but only in the short run as the …
Persistent link: https://www.econbiz.de/10012889165
We identify key factors, from large set of potential determinants, that explain the variation in export diversification …
Persistent link: https://www.econbiz.de/10012868473
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary sectors, we estimate their key policy and structural parameters. Our findings suggest...
Persistent link: https://www.econbiz.de/10012859857
One of the most important recent developments in international trade is the increasing interconnectedness of export … understanding of European exports: where exports values are created, the role of vertical supply links in export growth, what is … analysis finds strong role of supply links in cross-country export performance in Europe, where these links between countries …
Persistent link: https://www.econbiz.de/10013084473
We present a gravity model that accounts for multilateral resistance, firm heterogeneity and country-selection into trade, while accommodating asymmetries in trade flows. A new equation for the proportion of exporting firms takes a gravity form, such that the extensive margin is also affected by...
Persistent link: https://www.econbiz.de/10013085999
How do countries enhance their exports of goods in a largely tariff-free environment? Our investigation of export …
Persistent link: https://www.econbiz.de/10013015597