Showing 1 - 10 of 32
This paper evaluates the effects on the Bangladeshi economy of phasing out textile and clothing (T&C) quotas currently maintained by industrial countries. The planned abolition of the quotas under the Agreement on Textiles and Clothing in 2005 will alter the competitiveness of various exporting...
Persistent link: https://www.econbiz.de/10005599540
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 developments...
Persistent link: https://www.econbiz.de/10015060013
While public financial institutions (such as public development banks) are commonly associated with developing countries, in fact they are prevalent in the developed world as well. We study a sample of public financial institutions in industrialized countries and identify dominant trends in...
Persistent link: https://www.econbiz.de/10005826304
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...
Persistent link: https://www.econbiz.de/10005769089
This paper investigates theoretically and empirically the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real depreciation and with quality, leading to more...
Persistent link: https://www.econbiz.de/10010790394
countries but not in others. To close the large gaps between saving and investment, firms reduced investment and cut costs to … boost profits. With much of the cost adjustment falling on firms’ wage bills, employment losses were largest in countries …
Persistent link: https://www.econbiz.de/10011242321
crisis had a larger negative impact on firms with greater reliance on external financing, and firms with higher sensitivity … to aggregate demand and exports. Firms with more foreign currency debt also had larger declines in sales, although their … investment or profits did not differ significantly from other firms. …
Persistent link: https://www.econbiz.de/10011142000
The stylized fact that strong economic growth is usually accompanied with strong export growth leads many people to conclude that the export sector is the main driving force behind those episodes. The model in this paper, however, shows that the non-tradable sector may also generate high...
Persistent link: https://www.econbiz.de/10005253003
This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects of openness on poverty in two components: the effect of openness on average income growth, and the effect on distribution for a given growth rate. Evidence from a variety of...
Persistent link: https://www.econbiz.de/10005263804
This paper examines the impact of oil-related income, among other fundamentals, on the equilibrium real effective exchange rate (ERER) in Syria. After reviewing the evolution of the Syrian multiple exchange rate regime since 1960 and assessing alternative measures for the exchange rate, the...
Persistent link: https://www.econbiz.de/10005826611