Showing 1 - 9 of 9
This paper investigates prospects of a currency union in East Asia, focusing on trade and financial integration occurring in the region. We find, based on a dynamic factor model, regional common shocks have been quantitatively important for output variations in the Asian economies. We expect...
Persistent link: https://www.econbiz.de/10001745249
As trade integration deepens in East Asia, it is expected that there will be closer links in business cycles among East Asian countries. Theoretically, however, increased trade can lead business cycles across trading partners to shift in either direction: while inter-industry trade resulting in...
Persistent link: https://www.econbiz.de/10001751259
Regionalism is taking two forms. It is occurring firstly through free trade arrangements and secondly through monetary arrangements. In this paper, we highlight the issues related to the reversal of sequence between trade integration (free trade agreement) and monetary integration (a monetary...
Persistent link: https://www.econbiz.de/10001745251
; Europe …
Persistent link: https://www.econbiz.de/10009509222
We estimate the effect of education on lifetime income in Europe, by distinguishing between individuals who lived in … presence of short - term liquidity constraints. -- lifetime earnings ; returns to education ; Europe …
Persistent link: https://www.econbiz.de/10009532214
Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the … average wealth accumulation rate of the retired elderly in Europe is positive though relatively moderate (6.6% over a 3-year …
Persistent link: https://www.econbiz.de/10013369636
Development accounting shows that a significant part of cross-country income differences is attributed to differences in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the role of international trade to explain cross-country...
Persistent link: https://www.econbiz.de/10011311201
This paper uses cross-country data to examine the long-term effect of trade openness on the gender gaps in wages, education, political empowerment and health. Key findings are: trade openness since 1970 reduced the gender gaps in wages and educational attainment as of 2011 but did not influence...
Persistent link: https://www.econbiz.de/10011437033
This article shows that global financial markets cannot, by themselves, achieve net transfers of financial capital and real interest rate equalisation across countries and that the integration of both global financial markets and global goods markets is needed to achieve net transfers of capital...
Persistent link: https://www.econbiz.de/10011454078