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Ruggedness: The Blessing of Bad Geography in Africa

Nunn, Nathan; Puga, Diego - C.E.P.R. Discussion Papers - 2007

effect on income. However, in Africa rugged terrain afforded protection to those being raided by slave traders. Since the … slave trade retarded subsequent economic development, in Africa ruggedness also has had a historical indirect positive … Africa the indirect positive effect dominates the direct negative effect. Looking within Africa, we provide evidence that the …

Persistent link: https://www.econbiz.de/10005136410

Can Interventionism Fix the Trade Deficit?

Makin, T. - Research School of Economics, College of Business and … - 1991

Persistent link: https://www.econbiz.de/10004971301

COMPETITIVENESS, MICROECONOMIC REFORM AND THE CURRENT ACCOUNT DEFICIT.

FORSYTH, P.J. - Research School of Economics, College of Business and … - 1990

Persistent link: https://www.econbiz.de/10004977280

The Current Account Issue Revisited.

Corden, W.M. - Research School of Economics, College of Business and … - 1996

I asked "Does the Current Account Matter?" in Corden (1991). In that article I made a distinction between the Old View and the New View of the current account. The present paper will not repeat the exposition of these two views in any detail. Rather, the aim is both to improve on the rigour of...

Persistent link: https://www.econbiz.de/10004977286

Oil Shocks and External Balances

Kilian, Lutz; Rebucci, Alessandro; Spatafora, Nikola - C.E.P.R. Discussion Papers - 2007

This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries’ external balance, including the oil trade balance, the non-oil trade balance, the current account and changes in net foreign assets (NFA) during 1975–2004. We...

Persistent link: https://www.econbiz.de/10005124422

Relaxing the External Constraint: Europe in the 1930s

Eichengreen, Barry - C.E.P.R. Discussion Papers - 1990

This paper documents the effects of exchange rates and the external constraint during the interwar years. In the absence of international policy coordination, exchange rate depreciation is shown to have been a necessary precondition for the adoption of policies promoting recovery from the Great...

Persistent link: https://www.econbiz.de/10005498070

The Balance of Payments of Oil Importing Countries: An Aggregate Econometric Analysis

Beenstock, Michael - C.E.P.R. Discussion Papers - 1987

Using annual data drawn from 1963-1983 we estimate an econometric model of the balance of payments of oil-importing LDCs. The model consists of equations for the quantities of exports and imports, unit value indices for exports and imports, capital flows, reserves and the exchange rate. An...

Persistent link: https://www.econbiz.de/10005504374

Spain's International Position, 1850-1913

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2009

Spain's financial position during the late 19th and early 20th century has usually been presented as one of persistent deficit on current account, which resulted from her integration into international commodity and factor markets and this, in turn, slowed down growth. In this essay a...

Persistent link: https://www.econbiz.de/10008458296

National Insolvency: A Test of the US Intertemporal Budget Constraint

Uctum, Merih; Wickens, Michael R. - C.E.P.R. Discussion Papers - 1990

If a nation fails to satisfy its intertemporal budget constraint (IBC) then, like a government or a household, either it will become insolvent or it can consume more of its income. The main purpose of this paper is to establish necessary and sufficient conditions for a nation to satisfy its IBC,...

Persistent link: https://www.econbiz.de/10005666888

FISCAL ADJUSTMENT, THE REAL EXCHANGE RATE AND AUSTRALIAN'S EXTERNAL IMBALANCE.

ALESINA, A.; GRUEN, D.W.R.; JONES, M.T. - Research School of Economics, College of Business and … - 1990

Persistent link: https://www.econbiz.de/10004992958

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