Showing 1 - 10 of 519
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
This paper studies regional treatment effects of infrastructure projects on economic growth, employment and intermodal …-run economic growth. However, it spurs employment and road freight by stimulating intermodal transport. …
Persistent link: https://www.econbiz.de/10012118650
growth rates of importing countries play an important role in explaining how fast exports fall below the values of the same … trade prior to the crisis are hit by the recession earlier than other products. -- China ; exports collapse ; speed …
Persistent link: https://www.econbiz.de/10009303944
country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012619417
This paper presents a new explanation for the sustained pattern of international net capital flows by modifying the standard consumption capital asset pricing model (CCAPM) to create net capital flows beyond the initial period. In addition to the well established link between asset returns and...
Persistent link: https://www.econbiz.de/10012119780
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10009240715
enhance convergence of the growth rates of trading economies. In contrast, reductions in transportation costs of non …
Persistent link: https://www.econbiz.de/10010347039
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10011611143
(i.e. regional) growth. We construct an extensive panel dataset covering 1,350 regions in 86 countries worldwide between …
Persistent link: https://www.econbiz.de/10012533891
This paper defines economic slumps as sequences of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some countries declines last extremely long, and we put...
Persistent link: https://www.econbiz.de/10010234524