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The dominant currency financing channel of external adjustment
Casas, Camila; Meleshchuk, Sergii; Timmer, Yannick - 2023
currency debt maturity structure around a large depreciation in Colombia, we show that debt revaluation compresses imports due … to higher delinquencies and interest rates, while exports are unaffected. Natural and financial hedging successfully mute … switching channel. Pricing exports in the dominant vs. producer currency mutes the effect of DCF on trade. …
Persistent link: https://www.econbiz.de/10014304470
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The economic effects of international sanctions : an event study
Gutmann, Jerg; Neuenkirch, Matthias; Neumeier, Florian - 2021
Although international sanctions are a widely used instrument of coercion, their economic effects are still not fully understood. This study uses a novel dataset and an event study approach to evaluate the economic consequences of international sanctions, thereby accounting for pre-treatment...
Persistent link: https://www.econbiz.de/10012500430
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Product variety and economic growth : empirical evidence for the OECD countries
Funke, Michael; Ruhwedel, Ralf - 2000
Utilizing panel data for 19 OECD countries we find suppor t for the hypothesis that a greater degree of product variety relative to the US helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from 6-digit OECD export...
Persistent link: https://www.econbiz.de/10009781524
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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009
regularity conditions and assuming a Cobb Douglas production function, it is shown that (log) oil exports enter the long run … money balances, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two … acting as a proxy for the (missing) market interest rate. Real output in the long run is shaped by oil exports through their …
Persistent link: https://www.econbiz.de/10003897747
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The pungent smell of "red herrings" : subsoil assets, rents, volatility and the resource curse
Ploeg, Frederick van der; Poelhekke, Steven - 2010
corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource … exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World … restrictions and misspecification error. Correcting for these issues and instrumenting resource exports with values of proven …
Persistent link: https://www.econbiz.de/10003956035
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Identification and estimation of the environmental Kuznets curve : pairwise differencing to deal with nonlinearity and nonstationarity
Sen, Suphi; Melenberg, Bertrand; Vollebergh, Herman R. J. - 2016
We propose an estimation strategy that accounts for two major problems raised in the empirical literature testing for the prevalence of the inverted U-shaped relation between environmental degradation and economic activity, namely the Environmental Kuznets Curve (EKC) hypothesis. First, we use...
Persistent link: https://www.econbiz.de/10011447524
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Persistence, non-linearities and structural breaks in European stock market indices
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Poza, Carlos - 2019
This paper examines persistence, structural breaks and non-linearities in the case of five European stock market indices, namely the FTSE100 (UK), DAX30 (Germany), CAC40 (France), IBEX35 (Spain) and FTSE MIB40 (Italy), using fractional integration methods. The empirical results provide no...
Persistent link: https://www.econbiz.de/10012024535
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Productivity and the decision to import and export : theory and evidence
Kasahara, Hiroyuki (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003647251
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Gotcha! : a profile of smuggling in international trade
Berger, Helge (contributor); Nitsch, Volker (contributor) - 2008
This paper explores official trade data to identify patterns of smuggling in international trade. Our main measure of interest is the difference in matched partner trade statistics, i.e., the extent to which the recorded export value in the source country deviates from the reported import value...
Persistent link: https://www.econbiz.de/10003790986
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Impact of European food safety border inspections on agri-food exports : evidence from Chinese firms
Beestermöller, Matthias; Disdier, Anne-Célia; … - 2016
exports from big and more productive exporters. …
Persistent link: https://www.econbiz.de/10011447532