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The waning of the commodity boom places renewed emphasis on manufacturing as an engine for Canadian growth. However, Canadian manufacturing exports have been relatively stagnant since 2000. While the exchange rate depreciation over the past two years has energized export growth, the response has...
Persistent link: https://www.econbiz.de/10011715425
This paper investigates the effects of fixed versus flexible exchange rates on firms’ location choices and on countries’ specialization patterns. In a two-country, two-differentiated-goods monetary model, demand, supply, and monetary (as well as exchange rate) shocks arise after wages are...
Persistent link: https://www.econbiz.de/10014400417
This paper shows that exchange rate variability promotes agglomeration of economic activity. Under flexible rates, firms located in large markets have lower variability of sales, reinforcing concentration of firms there. Empirical evidence on OECD countries demonstrates (1) that the negative...
Persistent link: https://www.econbiz.de/10014401846
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Colombia. We explore risks imposed on the banking system based on scenarios of an increase in the domestic carbon tax by using …
Persistent link: https://www.econbiz.de/10012796249
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to a quasi-natural experiment induced by a trade reform in Colombia, we find that firms that have been more exposed to a …
Persistent link: https://www.econbiz.de/10012251365
this paper, we attempt via four case studies-Spain, China, Colombia, and Nigeria-to illustrate that the improvements in tax …
Persistent link: https://www.econbiz.de/10011716283
the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico …
Persistent link: https://www.econbiz.de/10011671097