Showing 1 - 10 of 378
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
With China''s accession to the WTO in 2001, Russia is by far that organization''s most prominent nonmember. This paper …
Persistent link: https://www.econbiz.de/10014404162
This paper reexamines Korea''s trade flows. Using the standard demand-based models, the paper finds that owing to the increasing share of electrical and electronic products (EEPs) in total exports, the income elasticity of the Korean export demand has fallen sharply while its price elasticity...
Persistent link: https://www.econbiz.de/10014400932
The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification is limited and productivity is uncertain, investors wish to maintain a...
Persistent link: https://www.econbiz.de/10014403975
, including the United States, to China and ROW. In addition, the share of China in East Asia’s final demand, especially … investment, rose sharply while that of Japan fell. On the supply side, the paper documents the rise of China into a “global … factory” and the steady shift in regional production and integration from Japan and the United States to China …
Persistent link: https://www.econbiz.de/10014402867
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did … (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital … markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for …
Persistent link: https://www.econbiz.de/10014403900
. Furthermore, the decomposition of aggregate BC comovement shows that the increase in trade with China has contributed the most to …
Persistent link: https://www.econbiz.de/10012022016
This paper explores and quantifies several aspects of the performance of currency unions using an augmented version of the gravity model and focusing on two samples, the world and Africa. Our empirical findings suggest that, in principle, membership in a currency union should benefit Africa as...
Persistent link: https://www.econbiz.de/10014400074
The Gulf of Guinea''s tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be exploited to their full potential if necessary...
Persistent link: https://www.econbiz.de/10014402062
This paper analyzes the role of regional arrangements in trade and foreign direct investment (FDI) performance in the Baltics. While progress with transition is a key determinant of trade and FDI performance, regional arrangements with Western Europe have helped develop trade and transfer of...
Persistent link: https://www.econbiz.de/10014403298