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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

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 current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...

Persistent link: https://www.econbiz.de/10012001519

The financial inclusion landscape in the Asia-Pacific region : a dozen key findings

Jahan, Sarwat; De, Jayendu; Jamaludin, Fazurin; … - 2019

Financial inclusion is a multidimensional concept and countries have chosen diverse methods of enhancing financial inclusion with varying degrees of results. The heterogeneity of financial inclusion is particularly striking in the Asia-Pacific region as member countries range from those that are...

Persistent link: https://www.econbiz.de/10012102214

A possible approach to fiscal rules in small islands : incorporating natural disasters and climate change

Nakatani, Ryota - 2019

A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...

Persistent link: https://www.econbiz.de/10012103680

Barriers to trade in financial and insurance services : evidence from the United Kingdom

Podpiera, Jiří - 2021

Distance, as a proxy for trade barriers, is found in many studies to matter even for weightless cross-border financial investments and lending, possibly due to the presence of information asymmetries. Its importance is tested in this paper using exports of all five broad categories of the U.K.'s...

Persistent link: https://www.econbiz.de/10012796259

Remittances in Russia and Caucasus and Central Asia : the gravity model

Poghosyan, Tigran - 2020

Remitances are an important source of external financing in low- and middle-income countries. This paper uses the gravity model to analyze remittance flows in Russia and Caucasus and Central Asia (CCA) countries. Standard gravity determinants, such as GDP in sending and recieiving countries,...

Persistent link: https://www.econbiz.de/10012299334

Going viral : a gravity model of infectious diseases and tourism flows

Cevik, Serhan - 2020

greater in developing countries, where such diseases tend to be more prevalent and health infrastructure lags behind …

Persistent link: https://www.econbiz.de/10012252260

New insights into ECCU's tourism sector competitiveness

Ghazanchyan, Manuk; Zhao, Li; Brito, Steve; Parlak, Vivian - 2019

Tourism has become the main driver of economic growth and employment and the most important source of income in the ECCU. Preserving and, possibly, enhancing the competitiveness of the tourism product is key for these countries. Unfortunately, the evidence shows that tourism arrivals to the ECCU...

Persistent link: https://www.econbiz.de/10012102139

Regional labor mobility in Finland

Poghosyan, Tigran - 2018

This paper analyzes regional labor mobility in Finland using two complementary empirical approaches: a VAR proposed by Blanchard and Katz (1992) and a gravity model. The results point to a relatively limited regional labor mobility in Finland compared to the U.S. and to EU peers. The limited...

Persistent link: https://www.econbiz.de/10011978419

Scaling up quality infrastructure investment in South Asia

Bizimana, Olivier; Jaramillo Echeverri, Laura; Thomas, Saji - 2021

South Asia needs large infrastructure investments to achieve its development goals, and public investment can also … public infrastructure was a key driver of productivity growth in South Asia. Going forward, higher public infrastructure … reap the most benefits from higher infrastructure investment, South Asian countries need to manage fiscal risks carefully …

Persistent link: https://www.econbiz.de/10012613693