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Ricci, Luca Antonio - 1997

This paper investigates the circumstances under which it is beneficial to participate in a currency area. A two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of real shocks,...

Persistent link: https://www.econbiz.de/10014400300

International Trade, Distortions and Long-Run Economic Growth

Lee, Jong-Wha - 1992

The links between trade and growth are examined in a neoclassical model of an open economy in which domestic production requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as tariffs and exchange controls generate cross-country...

Persistent link: https://www.econbiz.de/10014397707

The impact of trade agreements : new approach, new insights

Hannan, Swarnali Ahmed - 2016

The Trans-Pacific Partnership (TPP) has reinvigorated research on the ex-ante impact of trade agreements. The results from these ex-ante models are subject to considerable uncertainties, and needs to be complimented by ex-post studies. The paper fills this gap in recent literature by employing...

Persistent link: https://www.econbiz.de/10011711499

Productivity Shocks, Learning, and Open Economy Dynamics

Miniane, Jacques - 2004

I study the implications of productivity shocks in a model where agents observe the aggregate level of productivity but …

Persistent link: https://www.econbiz.de/10014400934

Global value chains and productivity : micro evidence from Estonia

Banh, Hang T.; Wingender, Philippe; Gueye, Cheikh - 2020

have also contributed to increasing productivity and long-term growth. We explore empirically the impact of GVC … participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the … industry level significantly boosts productivity at both the industry and the firm level. Frontier firms, large firms, and …

Persistent link: https://www.econbiz.de/10012252668

The intensive margin in trade

Fernandes, Ana Margarida; Klenow, Peter J.; Meleshchuk, … - 2018

-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed …-level productivity, fixed costs and demand shifters, and use 'exact hat algebra' to quantify the effects of a decline in trade costs on …

Persistent link: https://www.econbiz.de/10011978438

Launching export accelerations in Latin America and the world

Cerra, Valerie; Woldemichael, Martha Tesfaye - 2017

This paper investigates the determinants of sustained accelerations in goods and services exports. Strong predictors of export takeoffs include domestic and structural indicators such as lower macroeconomic uncertainty, improved quality of institutions, a depreciated exchange rate, and...

Persistent link: https://www.econbiz.de/10011716656

6½ decades of global trade and income : “new normal” or “back to normal” after GTC and GFC?

Kalra, Sanjay - 2016

Global merchandise trade expanded rapidly over the last 6 1\2 decades and its relationship with global income has seen ebbs and flows. This paper examines the shifts in this relationship using time series data over 1950-2014 and situates it in the current and longer term context. The...

Persistent link: https://www.econbiz.de/10011711761

The Canadian Agreementon Internal Trade : Developments and Prospects

Leidy, Michael P. - 1998

Under a federal system of government, the division of responsibilities between the federal, provincial/state, and local levels of government may create internal barriers to trade. To deal with this problem, the federal and provincial governments in Canada established the Agreement on Internal...

Persistent link: https://www.econbiz.de/10014400835

International Trade and the Business Cycle

Prasad, Eswar - 1999

This paper develops a new empirical framework for analyzing the dynamics of the trade balance in response to different types of macroeconomic shocks. The model provides a synthetic perspective on the conditional correlations between the business cycle and the trade balance that are generated by...

Persistent link: https://www.econbiz.de/10014400973

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