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Effective trade costs and the current account : an empirical analysis
Boz, Emine; Li, Nan; Zhang, Hongrui - 2019
A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on …
Persistent link: https://www.econbiz.de/10012001519
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Trade Costs, Market Integration, and Macroeconomic Volatility
Naknoi, Kanda - 2003
This paper examines the effects of trade costs on macroeconomic volatility. We first construct a dynamic, two-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs, etc.). The model is a extension of Obstfeld and...
Persistent link: https://www.econbiz.de/10014403962
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Integration of Eastern Europe Into the World Trading System
Junz, Helen B. - 1991
The sheer size of mandated trade among members of the Council for Mutual Economic Assistance (CMEA), and its composition and quality, means that its reorientation toward other markets entails a whole complex of structural adjustment policies. To be successful, policy reform must be...
Persistent link: https://www.econbiz.de/10014396289
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Trade Finance and Trade Flows : Panel Data Evidence From 10 Crises
Ronci, Márcio Valério - 2004
, banking crises, changes in export and import prices, and real exchange rate depreciation. To estimate the effect of … constrained trade finance on trade flows, we estimate import and export volume equations including explicitly trade financing as … constrained trade finance is a factor in explaining both export and import volumes in the short-run. A fall in external trade …
Persistent link: https://www.econbiz.de/10014404046
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Environmental tax reform : principles from theory and practice to date
Heine, Dirk; Nørregaard, John; Parry, Ian W. H. - 2012
energy/environmental tax systems in Germany, Sweden, Turkey, and Vietnam suggests that there is substantial scope for policy …
Persistent link: https://www.econbiz.de/10012694116
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Is inflation domestic or global? : evidence from emerging markets
Bems, Rudolf; Caselli, Francesca; Grigoli, Francesco; … - 2018
Following a period of disinflation during the 1990s and early 2000s, inflation in emerging markets has remained remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world trade and the broader globalization in these economies, or...
Persistent link: https://www.econbiz.de/10011932519
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Regionalization vs. globalization
Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher M. - 2013
Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles...
Persistent link: https://www.econbiz.de/10009707567
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Are bilateral trade balances irrelevant?
Eugster, Johannes L.; Jaumotte, Florence; MacDonald, Margaux - 2020
Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the...
Persistent link: https://www.econbiz.de/10012391997
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Trade wars and trade deals : estimated effects using a multi-sector model
Caceres, Carlos; Cerdeiro, Diego A.; Mano, Rui C. - 2019
This paper studies the potential long-term effects of three illustrative scenarios using a multi-sector computable general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates effects from potential U.S. auto tariffs. The second analyzes a 'transactional deal'...
Persistent link: https://www.econbiz.de/10012102091
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Global value chains : what are the benefits and why do countries participate?
Ignatenko, Anna; Raei, Faezeh; Mircheva, Borislava - 2019
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
Persistent link: https://www.econbiz.de/10012001583