Showing 1 - 10 of 354
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
This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs. Lower output tariffs can produce productivity...
Persistent link: https://www.econbiz.de/10014400616
Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more...
Persistent link: https://www.econbiz.de/10014402276
Information on seasonal frequencies can provide valuable insights for understanding economic fluctuations. This is particularly true for Italy, where the variability of production in manufacturing is extremely high and almost entirely due to seasonal factors. This paper discusses the option of...
Persistent link: https://www.econbiz.de/10014399929
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
Persistent link: https://www.econbiz.de/10014401433
The paper examines the implications of lower trade barriers for sectoral diversification and macroeconomic stability in developing economies with a large primary goods sector. It shows that lower trade barriers can have ambiguous effects on macroeconomic stability. It shows also that...
Persistent link: https://www.econbiz.de/10014399995
trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its …
Persistent link: https://www.econbiz.de/10011932306
This paper investigates the deindustrialization and welfare effects of infrastructure aid in developing countries. In …
Persistent link: https://www.econbiz.de/10014400615
This paper shows that deindustrialization is explained primarily by trends internal to the advanced economies. These … explains less than one fifth of deindustrialization in the advanced economies. Moreover, the contribution of North-South trade … to deindustrialization has been mainly through its effects in stimulating labor productivity in Northern manufacturing …
Persistent link: https://www.econbiz.de/10014400831
referred to as deindustrialization. This paper argues that, contrary to popular perceptions, deindustrialization is not a …-South trade has had very little to do with deindustrialization. The paper also discusses the implications of deindustrialization …
Persistent link: https://www.econbiz.de/10014401273