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. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …
Persistent link: https://www.econbiz.de/10012252077
The paper finds a significant shift in the economic characteristics of civil conflicts during the1990s. Conflicts have become shorter but with more severe contractions and a stronger recovery of growth. The overall length and cost of the conflict cycle has probably declined. The stance of...
Persistent link: https://www.econbiz.de/10014399713
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...
Persistent link: https://www.econbiz.de/10014400694
sharp growth in intra-regional trade and financial flows. By contrast, the relative importance of the global factor has … declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …
Persistent link: https://www.econbiz.de/10014395417
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the … conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global … employment prospects in response to trade shocks. Finally, we find that firms experiencing greater import competition start with …
Persistent link: https://www.econbiz.de/10012605685
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines … claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition …, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting …
Persistent link: https://www.econbiz.de/10012518909
of the main interrelations between the Caribbean region and the rest of the world, and then we quantify the impact of … disentangle effects from various channels that interact at the same time, such as flows of tourists, trade of goods, and changes …
Persistent link: https://www.econbiz.de/10012154832
general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates effects from potential U … to capture dynamic effects, such as those stemming from trade policy uncertainty. More generally, our results both …
Persistent link: https://www.econbiz.de/10012102091
Over the last two decades, world trade and production have become increasingly organized around global value chains … evolution over time in order to contribute to this topic. We find that GVC-related trade, rather than conventional trade, has a … the standard gravity literature for GVC trade; highlighting the key role of institutional features such as contract …
Persistent link: https://www.econbiz.de/10012001583