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The Africa Growth and Opportunity Act and its Rules of Origin : Generosity Undermined?

Subramanian, Arvind - 2002

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

Is Regionalism Simply a Diversion? : Evidence from the Evolution of the EC and EFTA

Bayoumi, Tamim A. - 1995

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

Caribbean Bananas : The Macroeconomic Impact of Trade Preference Erosion

Cashin, Paul A. - 2010

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

Regional Labor Market Adjustments in the United States and Europe

Dao, Mai - 2014

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

Successful Austerity in the United States, Europe and Japan

Callegari, Giovanni - 2012

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

Cyclical Behavior of Inventories and Growth Projections Recent Evidence From Europe and the United States

Hoffmaister, Alexander W. - 2010

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

Relative Prices and Economic Adjustment in the U.S. and the EU : A Real Story About European Monetary Union

Thomas, Alun - 1994

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

Successful austerity in the United States, Europe and Japan

Batini, Nicoletta; Callegari, Giovanni; Melina, Giovanni - 2012

Persistent link: https://www.econbiz.de/10009620965

Aggregate stability and balanced-budget rules

Ghilardi, Matteo F.; Rossi, Raffaele - 2014

Persistent link: https://www.econbiz.de/10010389578

Regional labor market adjustments in the United States and Europe

Dao, Mai; Furceri, Davide; Loungani, Prakash - 2014

Persistent link: https://www.econbiz.de/10010389588