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With China''s accession to the WTO in 2001, Russia is by far that organization''s most prominent nonmember. This paper … applies the gravity model to gauge whether this ""outsider"" status has been affecting Russia''s export structure. On the … the model''s predictions. The paper discusses possible explanations of this result, including Russia''s exclusion from …
Persistent link: https://www.econbiz.de/10014404162
We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in … Russia, overall, as well as through the trade, financial and remittance channels over the last decade or so. The results … point to the continued existence of economic links between the CIS countries and Russia, though these links may have altered …
Persistent link: https://www.econbiz.de/10014402216
This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
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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
Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...
Persistent link: https://www.econbiz.de/10012796301