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The Slowdown in Global Trade : A Symptom of a Weak Recovery
Aslam, Aqib - 2018
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
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The Global Economic Recovery 10 Years after the 2008 Financial Crisis
Mrkaic, Mico - 2019
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...
Persistent link: https://www.econbiz.de/10012869286
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Growth Dynamics : The Myth of Economic Recovery
Cerra, Valerie; Saxena, Sweta C. - 2013
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...
Persistent link: https://www.econbiz.de/10014063095
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Regionalization vs. Globalization
Hirata, Hideaki - 2013
declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …
Persistent link: https://www.econbiz.de/10013086323
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Financial Globalization and Inequality : Capital Flows as a Two-Edged Sword
Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa A; … - 2021
We review the debate on the association of financial globalization with inequality. We show that the within …-market specific - is important for facilitating wider sharing of the benefits of financial globalization …
Persistent link: https://www.econbiz.de/10013243076
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Quality and the Great Trade Collapse
Chen, Natalie - 2016
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. 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...
Persistent link: https://www.econbiz.de/10012996075
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China's Impacts on SSA Through the Lens of Growth and Exports
Mu, Yibin - 2018
The analysis of China's impacts on the 44 SSA countries reveals that: (i) after joining the WTO in 2001, China has … started to impact significantly on SSA growth: one-percent increase in China's GDP per capita leads to 0.02 percent increase … on the SSA's GDP per capita; (ii) oil and investment-goods exporters benefit more from China's growth; (iii) compared to …
Persistent link: https://www.econbiz.de/10012929920
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Hong Kong's Growth Synchronization with China and the U.S : A Trend and Cycle Analysis
He, Dong - 2017
This paper investigates the synchronization of Hong Kong SAR's economic growth with mainland China and the United … confirms whether real consumption in Hong Kong SAR and mainland China satisfy the permanent income hypothesis, at least in a … mainland China and the United States affect the Hong Kong economy, and how such influences evolve over time. The paper's main …
Persistent link: https://www.econbiz.de/10012950438
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Global Value Chains and External Adjustment : Do Exchange Rates Still Matter?
Adler, Gustavo - 2020
The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity...
Persistent link: https://www.econbiz.de/10012843296
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Patterns in Invoicing Currency in Global Trade
Boz, Emine - 2020
This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since 1990. The evidence from these data...
Persistent link: https://www.econbiz.de/10012826025