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This paper analyses the evolution of Chile''s trade between 1990 and 2007, studying in particular the impact of trade liberalization in addition to traditional price and demand determinants. The results show that export and import flows are mainly responsive to external and domestic demand, and...
Persistent link: https://www.econbiz.de/10014401392
Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and … external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under …
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All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10011932479
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm … explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but …
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