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The lack of a clear link between general economic fundamentals and export diversification indicators in the literature … traditional methodologies: using export categories that lead to diversification (for example, manufactures) as dependent variables …
Persistent link: https://www.econbiz.de/10012518855
The term structure of domestic investment grade bond spreads - or corporate spread curve - contains useful information to predict future changes in industrial production, beyond the information already contained in interest rates, commercial paper-treasury bill spreads, and lagged values of...
Persistent link: https://www.econbiz.de/10014399780
We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market liberalization, is modeled as foreign direct investment induced...
Persistent link: https://www.econbiz.de/10014403410
This paper examines credit origins of the business cycle in the former Czechoslovakia. Industrial production is found to be cointegrated with various measures of bank credit during 1976-90 and it is shown that noninvestment credits are Granger-causing industrial production and that a feedback...
Persistent link: https://www.econbiz.de/10014395925
Persistent link: https://www.econbiz.de/10009424793
Persistent link: https://www.econbiz.de/10009422662
The use of e-commerce around the world has accelerated in recent years, with Asia, led by China, spearheading the rise. Using cross-country enterprise survey data, this paper shows that firms engaged in e-commerce have higher productivity and generate a larger share of their revenues from...
Persistent link: https://www.econbiz.de/10012102077
Export structure is less diversified in low-income countries (LICs) and especially small states that face resource … constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and … its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of …
Persistent link: https://www.econbiz.de/10012022019
We explore the contribution of product-quality upgrading to the export performance of six fast-growing Asian economies … changes in these countries' sectoral export shares during 1970-2010. We build a multisector Ricardian trade model which allows … for changes in product quality, and calibrate it to generate predictions about export volumes. Unlike previous literature …
Persistent link: https://www.econbiz.de/10012154895
We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...
Persistent link: https://www.econbiz.de/10014399309