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Quality and the Great Trade Collapse
Chen, Natalie - 2016
. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher … quality exports grew faster before the crisis, but this trend reversed during the recession. Quantitatively, the effect is … large: up to nine percentage points difference in trade performance can be explained by the quality composition of exports …
Persistent link: https://www.econbiz.de/10012996075
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External Adjustment in a Resource-Rich Economy : The Case of Papua New Guinea
Nakatani, Ryota - 2018
) to compare different exchangerate policies, and empirically by estimating elasticities of imports and commodity exports … statistically significant elasticities of commodity exports to realexchange rates. In the theoretical part, by introducing the …
Persistent link: https://www.econbiz.de/10012929941
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Raising Armenia's Export Potential
Akepanidtaworn, Klakow; Karapetyan, Lili; Reyes, Nathalie; … - 2022
Raising Armenia’s long-term growth prospects is critical to meet the pressing need for jobs, achieve higher living standards, and arrest emigration. Armenia’s long-term growth prospects have weakened since the global COVID-19 crisis, while recent global and regional the geopolitical...
Persistent link: https://www.econbiz.de/10014238500
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Did Output Recover from the Asian Crisis?
Cerra, Valerie; Saxena, Sweta C. - 2005
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10014073466
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Global Value Chains and the Exchange Rate Elasticity of Exports
Ahmed Hannan, Swarnali - 2016
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 Effective Exchange Rate (REER) has decreased over time. We then … competitiveness of a fraction of the value of final good exports. In line with this intuition, we find evidence that GVC participation …
Persistent link: https://www.econbiz.de/10012999740
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Exchange Rates and Trade : A Disconnect?
Leigh, Daniel - 2017
We examine the stability and strength of the relationship between exchange rates and trade over time using three alternative approaches, mitigating the endogeneity of the relation. We find that both exchange rate pass-through and the price elasticity of trade volumes are largely stable over...
Persistent link: https://www.econbiz.de/10012956490
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Japan's Foreign Assets and Liabilities : Implications for the External Accounts
Colacelli, Mariana; Gautam, Deepali; Rebillard, Cyril - 2021
The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan's income balance with peer countries highlights: (i) relatively high yields on...
Persistent link: https://www.econbiz.de/10013243059
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Feer for the Cfa Franc
Abdih, Yasser - 2006
We apply the fundamentals equilibrium exchange rate (FEER) approach and the Johansen cointegration methodology to investigate the behavior of the real effective exchange rates of the two monetary unions of the CFA franc zone (CEMAC and WAEMU) vis-agrave;-vis their long-run equilibrium paths. For...
Persistent link: https://www.econbiz.de/10012779100
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China : Sources of Real Exchange Rate Fluctuations
Wang, Tao - 2006
This paper reviews the evolution of China`s real effective exchange rate between 1980 and 2002, and uses a structural vector autoregression model to study the relative importance of different types of macroeconomic shocks for fluctuations in the real exchange rate. The structural decomposition...
Persistent link: https://www.econbiz.de/10012783233
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The Game of Anchors : Studying the Causes of Currency Crises in Belarus
Miksjuk, Alex - 2016
Belarus experienced a sequence of currency crises during 2009-2014. Our empirical results, based on a structural econometric model, suggest that the activist wage policy and extensive state program lending (SPL) conflicted with the tightly managed exchange rate regime and suppressed monetary...
Persistent link: https://www.econbiz.de/10012998806