Showing 1 - 10 of 47
This paper studies sharp reductions in current account deficits and large exchange rate depreciations in low- and middle-income countries. It examines which factors help predict the occurrence of a reversal or a currency crisis, and how these events affect macroeconomic performance. It finds...
Persistent link: https://www.econbiz.de/10005662126
corruption on wealth depends on the economy’s degree of openness using cross-country data. …
Persistent link: https://www.econbiz.de/10005666630
markups. Using disaggregated data for EU manufacturing over the period 1988-2000 we find increased openness exerts a negative … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while …
Persistent link: https://www.econbiz.de/10005667140
In this paper, we study the co-movement of the government budget balance and the trade balance at business cycle frequencies. In a sample of 10 OECD countries we find that the correlation of the two time series is negative, but less so in more open economies. Moreover, for the US the...
Persistent link: https://www.econbiz.de/10005788960
has a positive and significant impact on a country’s level of openness. Domestic tariffs have no statistically significant …
Persistent link: https://www.econbiz.de/10005788963
paper we use the cross-country and time-series variation in openness to study the relationship between trade and finance in … more detail. Our results suggest that increases in goods market openness are typically followed by sustained increases in …
Persistent link: https://www.econbiz.de/10005792141
economies from 1973-2000. Reserve holdings and openness are found to be the most important explanatory variables of reserve …
Persistent link: https://www.econbiz.de/10005792259
higher degree of openness triggers higher basic research and higher applied research investments in leading sectors. If …
Persistent link: https://www.econbiz.de/10008468514
Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no … openness on the output-inflation trade off differ in sign and size across countries. In contrast to previous cross …
Persistent link: https://www.econbiz.de/10008468668
investment share, initial human capital, trade openness, the national income share of natural resource exports and population …
Persistent link: https://www.econbiz.de/10005123919