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This paper describes the United States recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its … quantitative impact on African exports. The AGOA expands the scope of preferential access of Africa''s exports to the United States … in key areas such as clothing. However, its medium term benefits estimated at about US$100-$140 million, an 8 11 percent …
Persistent link: https://www.econbiz.de/10014399562
This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EEC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably...
Persistent link: https://www.econbiz.de/10014397839
This paper examines the macroeconomic effects of the erosion of trade preferences, with a focus on the export of …
Persistent link: https://www.econbiz.de/10014402726
We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run...
Persistent link: https://www.econbiz.de/10014411406
The output effects of 2009 fiscal expansions have been hotly debated. But the discussion of fiscal multipliers is even more relevant now that several European countries have had to quickly retract their stimulus measures in an effort to regain market confidence. Using regime-switching VARs we...
Persistent link: https://www.econbiz.de/10014395687
In the United States and a few European countries, inventory behavior is mainly the outcome of demand shocks: a standard buffer-stock model best characterizes these economies. But most European countries are described by a modified buffer-stock model where supply shocks dominate. In contrast to...
Persistent link: https://www.econbiz.de/10014397470
Structural vector autoregressions are used to analyze the relationship between real output and relative prices within the EU and the United States, Relative price variability appears to be more important for adjustment within the EU than the United States, reflecting the lower integration of...
Persistent link: https://www.econbiz.de/10014398022
Persistent link: https://www.econbiz.de/10009620965
Persistent link: https://www.econbiz.de/10010389578
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