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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
subsidies on export activities we find no impact of subsidies on the probability to start exporting, and only weak evidence for …
Persistent link: https://www.econbiz.de/10010263542
developing countries' export growth. In view of the vague character of commitments negotiated in the General Agreement on Trade …
Persistent link: https://www.econbiz.de/10010277723
effects of labour standards on export performance and foreign direct investment flows. Overall, our empirical results suggest …
Persistent link: https://www.econbiz.de/10011514094
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