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Berger, Helge - 2010

When does trade become a one-way relationship? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for...

Persistent link: https://www.econbiz.de/10014397576

“Fiscal devaluation” and fiscal consolidation : the VAT in troubled times

Mooij, Ruud A. de; Keen, Michael - 2012

Persistent link: https://www.econbiz.de/10009572350

Fiscal Devaluation and Fiscal Consolidation : The VAT in Troubled Times

Keen, Michael - 2012

This paper focuses on two core tax design issues that arise in addressing current fiscal challenges. It first explores the idea, prominent in troubled Eurozone countries, of a "fiscal devaluation": shifting from social contributions to the VAT as a way to mimic a nominal devaluation. Empirical...

Persistent link: https://www.econbiz.de/10014396908

Are bilateral trade balances irrelevant?

Eugster, Johannes L.; Jaumotte, Florence; MacDonald, Margaux - 2020

Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the...

Persistent link: https://www.econbiz.de/10012391997

Shocks and Structural Breaks : Labor Market Reforms in the United Kingdom

Prasad, Eswar - 1994

This paper analyzes the effects of the labor market reforms launched in the early 1980s by the Conservative government led by Mrs. Thatcher. It is argued that the increase in the growth of labor productivity in manufacturing after 1980 as well as the improvement in the responsiveness of...

Persistent link: https://www.econbiz.de/10014396034

Exchange Rate Fluctuations and Trade Flows : Evidence From the European Union

Dell'Ariccia, Giovanni - 1998

This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchange rate uncertainty is found to have a negative effect on international trade. The results seem to be robust with respect to the...

Persistent link: https://www.econbiz.de/10014403368

European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe : Theory and Evidence

Walsh, Patrick P. - 1998

product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market … non-EU-oriented output within sectors is modeled as unobservable deterministic heterogeneity. The results indicate that … explained by the inherited presence of EU-oriented production and its unconstrained growth over the transition period …

Persistent link: https://www.econbiz.de/10014403410

Measuring the Trade Effects of EMU

Faruqee, Hamid - 2004

trade, the panel analysis employs cointegration techniques to obtain reliable point estimates of EMU trade effects. Cross …

Persistent link: https://www.econbiz.de/10014404163

Integration of Eastern Europe Into the World Trading System

Junz, Helen B. - 1991

The sheer size of mandated trade among members of the Council for Mutual Economic Assistance (CMEA), and its composition and quality, means that its reorientation toward other markets entails a whole complex of structural adjustment policies. To be successful, policy reform must be...

Persistent link: https://www.econbiz.de/10014396289

Impacton Intra-European Trade Agreements, 1990-2005 : Policy Implications for the Western Balkans and Ukraine

Qiao, Zhaogang - 2007

The paper provides quantitative estimates of the impact of the European trade agreements on trade flows. It applies both static and dynamic panel estimation techniques. The results are useful to policymakers because new intra-European trade agreements are being negotiated. In the absence of a...

Persistent link: https://www.econbiz.de/10014400337

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