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The COVID-19 Pandemic and European Trade Flows : Evidence from a Dynamic Panel Model

Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2022

This paper investigates the impact of the Covid-19 pandemic on trade flows in the case of the European countries. First, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period (2019M1-2021M12); then, the GMM and PCSE approaches are...

Persistent link: https://www.econbiz.de/10014080051

Fiscal policy issues in Korea after the current crisis

Hong, Kiseok - 2010

This paper examines fiscal policy issues in the Republic of Korea (hereafter Korea) after the 2009 global financial crisis, including the timing of fiscal policy responses, the effectiveness of expansionary measures, and the long-term implications for government debt. In order to evaluate more...

Persistent link: https://www.econbiz.de/10003983456

Trans-Pacific rebalancing : Thailand case study

Chalongphob Sussangkarn; Nikomborirak, Deunden - 2011

recovery and growth. In 2008, the ratio of export to gross domestic product (GDP) was 76.5%. The global economic crisis … triggered by the sub-prime loans debacle in the United States has prompted Thailand to rethink her export-led growth strategy …. Year-on-year export growth plunged from a positive 22.7% in the third quarter of 2008 to a negative 7.75% in the fourth …

Persistent link: https://www.econbiz.de/10008933443

Europe agreements and trade balance: Evidence from four new EU members

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2011

This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...

Persistent link: https://www.econbiz.de/10010274730

The global financial crisis : countercyclical fiscal policy issues and challenges in Malaysia, Indonesia, the Philippines, and Singapore

Doraisarni, Anita - 2011

) rebalancing growth by strengthening other sectors of the economy; (v) reducing expenditures on subsidies; and (vi) ensuring smooth …

Persistent link: https://www.econbiz.de/10009130477

Building forward better : enhancing resilience of Asia and Pacific economies in a post-Covid-19 world

Huang, Zhenqian; Saxena, Sweta Chaman - 2021

and the Pacific's past experience in dealing with shocks show that focusing on economic growth alone is not enough. Rising …

Persistent link: https://www.econbiz.de/10012500457

Global shocks and risk to financial stability in Asia

Genberg, Hans - 2017

Asian emerging market economies have recovered relatively well from the Great Recession of 2008-2009. Emerging Asia has been quite successful in maintaining both macroeconomic and financial stability in a turbulent global environment. Policy frameworks and governance structures have been adapted...

Persistent link: https://www.econbiz.de/10011635404

Decentralization and foreign aid effectiveness: Do aid modality and federal design matter in poverty alleviation?

Lessmann, Christian; Markwardt, Gunther - 2010

examine a commonly used empirical growth model, considering aid modality as well as different measures of political and fiscal …, while the growth impact of other aid types is not generally conditional on decentralization. We therefore conclude that …

Persistent link: https://www.econbiz.de/10010270547

Aid, growth and devolution

Lessmann, Christian; Markwardt, Gunther - 2009

This paper examines whether the federal structure of aid-receiving countries matters in explaining aid effectiveness. Following the decentralization theorem, the devolution of powers should increase aid effectiveness, since local decision-makers are better informed about local needs. At the same...

Persistent link: https://www.econbiz.de/10010275808

How i learned to stop worrying and love the crisis

Fidrmuc, Jan; Tichit, Ariane - 2012

economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …

Persistent link: https://www.econbiz.de/10010280828