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The Dynamics of Trade Integration and Fragmentation in LAC

Machado Parente, Rafael - 2024

Trade barriers and poor infrastructure play an important role in limiting trade integration in Latin America and the Caribbean (LAC). Closing half of the infrastructure gap between LAC and advanced economies could lift exports by 30 percent. Reducing import tariffs could boost LAC's trade, but...

Persistent link: https://www.econbiz.de/10015328209

Trade Openness and Volatility

Levchenko, Andrei A. - 2008

This paper examines the mechanisms through which output volatility is related to trade openness using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade is...

Persistent link: https://www.econbiz.de/10012677612

Global Value Chains and the Exchange Rate Elasticity of Exports

Ahmed, Swarnali; Appendino, Maximiliano; Ruta, Michele - 2015

This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of 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...

Persistent link: https://www.econbiz.de/10014407928

The trade impact of China on EMU : is it even across members?

Mikkelsen, Uffe; Pérez Ruiz, Esther - 2012

This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity...

Persistent link: https://www.econbiz.de/10009622526

A Gravity Model of Geopolitics and Financial Fragmentation

Catalan, Mario - 2024

Do geopolitical tensions between countries influence the cross-border asset allocation of investment funds? Our answer is yes. We estimate gravity models and find that investment funds allocate smaller shares of their portfolios to recipient countries that are geopolitically more distant to...

Persistent link: https://www.econbiz.de/10015328570

Specialization, Market Access and Real Income

Bartelme, Dominick - 2024

This paper estimates the impact of external demand shocks on real income. We utilize a first order approximation to a wide class of small open economy models that feature sector-level gravity in trade flows, which allows us to measure foreign shocks and characterize their welfare impact in terms...

Persistent link: https://www.econbiz.de/10015058607

Divided We Fall: Differential Exposure to Geopolitical Fragmentation in Trade

Hakobyan, Shushanik - 2023

This paper assesses differences in countries' macroeconomic exposure to trade fragmentation along geopolitical lines. Estimating structural gravity regressions for sector-level bilateral trade flows between 185 countries, we find that differences in individual countries' geopolitical ties act as...

Persistent link: https://www.econbiz.de/10015058796

Is Housing Wealth an 'ATM'? The Relationship Between Household Wealth, Home Equity Withdrawal, and Saving Rates.

Klyuev, Vladimir - 2006

Intro -- Contents -- I. INTRODUCTION -- II. HAVE SAVING RATES REALLY FALLEN? -- III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING -- IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES -- V. HOW DOES HEW AFFECT HOUSEHOLD SAVING? -- VI....

Persistent link: https://www.econbiz.de/10012691040

How Might a Disorderly Resolution of Global Imbalances Affect Global Wealth?.

Warnock, Francis E. - 2006

Intro -- Contents -- I. INTRODUCTION -- II. EXPOSURE TO LONG- TERM U. S. SECURITIES -- A. Foreign Positions in U.S. Securities in 2004 -- B. Impact of Declines in the Dollar and U.S. Asset Prices -- C. Evolution of Exposure: 1994 to 2004 -- D. Exposure to Dollar Bonds Issued by Third Countries...

Persistent link: https://www.econbiz.de/10012691041

Does a Wealth Tax Improve Equality of Opportunity? Evidence from Norway

Berg, Kristoffer - 2021

Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth … intergenerational data from Norway, focusing on effects on wages rather than capital income. Results suggest that a net wealth of NOK 1 …. The estimated hypothetical wage distribution without the wealth tax is more unequal. Moreover, suggestive evidence …

Persistent link: https://www.econbiz.de/10015057904