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the rest of the world …
Persistent link: https://www.econbiz.de/10012022327
effect on commodity prices. China's impact on world commodity markets is rising but, perhaps surprisingly, remains smaller … be more persistent and have larger effects on the rest of the world …
Persistent link: https://www.econbiz.de/10013102288
This is a companion to the Global Economic Prospects 2010. Most commodity prices reached historical highs in mid-2008, giving rise to the longest and broadest commodity boom of the post-WWII period. Apart from strong and sustained economic growth, the boom was fueled by numerous factors...
Persistent link: https://www.econbiz.de/10012646600
Rapid growth among the major emerging markets over the past 20 years has boosted global demand for commodities. The seven largest emerging markets accounted for almost all the increase in global consumption of metals, and two-thirds of the increase in energy consumption over this period. As...
Persistent link: https://www.econbiz.de/10011902836
countries or high-income countries as a group, or for the world as a whole. This paper seeks to fill this gap. The paper begins …
Persistent link: https://www.econbiz.de/10012246947
analysis finds that the elasticities are close to unity, evaluated at world median per capita income levels. Furthermore, the …
Persistent link: https://www.econbiz.de/10012228425
World commodity markets-and particularly the markets for agricultural commodities-remain highly distorted despite the … wave of liberalization that has swept world trade since the 1980s. Some markets for commodities are characterized by … policy action. Commodity markets are distorted on both the export and the import sides, with serious implications for world …
Persistent link: https://www.econbiz.de/10012247797
Commodity prices have declined sharply over the past three years, and output growth has slowed considerably among countries that are net exporters of commodities. A critical question for policy makers in these economies is whether commodity windfalls influence potential output. Our analysis...
Persistent link: https://www.econbiz.de/10012996084
This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 countries with data spanning the period 1978-2012.Notwithstanding concerns that trade openness through RTAs can heighten exposure to shocks, in particular when it leads to increased...
Persistent link: https://www.econbiz.de/10013015607
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10012928627