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On the Viability of Conditional Assistance Programs

Mayer, Wolfgang - 2005

Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...

Persistent link: https://www.econbiz.de/10014400737

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

Trade linkages and international business cycle comovement : evidence from Korean industry data

Lee, Dongyeol - 2019

Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...

Persistent link: https://www.econbiz.de/10012022016

What Drives China's Growing Role in Africa?

Wang, Jian-Ye - 2007

What role does China play in Africa''s development? What drives China''s increasing economic involvement in the continent? This paper attempts to provide a quantified assessment of China''s multifaceted influence as market, donor, financer and investor, and contractor and builder. Though in the...

Persistent link: https://www.econbiz.de/10014400123

Low-income countries' BRIC linkage : are there growth spillovers?

Samake, Issouf; Yang, Yongzheng - 2011

Persistent link: https://www.econbiz.de/10009419615

North-South Trade-Is Africa Unusual?

Coe, David T. - 1998

We estimate a gravity model to address the question of whether Africa’s bilateral trade with industrial countries is “unusual” compared with other developing country regions. Our main finding is that the unusually low level of African trade is explained by economic size, geographical...

Persistent link: https://www.econbiz.de/10014400668

China'S Integration Into the World Economy : Implications for Developing Countries

Yang, Yongzheng - 2003

Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did … and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization … (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital …

Persistent link: https://www.econbiz.de/10014403900

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

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

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 …

Persistent link: https://www.econbiz.de/10012001583