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Global value chains : what are the benefits and why do countries participate?
Ignatenko, Anna; Raei, Faezeh; Mircheva, Borislava - 2019
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
Persistent link: https://www.econbiz.de/10012001583
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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
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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
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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
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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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Elasticity Optimism
International Monetary Fund - 2009
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10014402215
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China's imports slowdown : spillovers, spillins, and spillbacks
Kireev, Aleksej P.; Leonidov, Andrei - 2016
The paper models international spillovers from a hypothetical drop of China's imports as a result of China … shock, which are largely unaccounted for in the existing literature. Such effects include direct spillovers from China on … its trading partners, subsequent spillins among them, and spillbacks on China itself. The paper finds that the network …
Persistent link: https://www.econbiz.de/10011445357
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Banking across borders : are Chinese banks different?
Cerutti, Eugenio M.; Koch, Cathérine; Pradhan, Swapan-Kumar - 2020
We explore the global footprint of Chinese banks and compare it with that of other bank nationalities. Chinese banks have become the largest cross-border creditors for almost half of all emerging market and developing economies (EMDEs). Their global reach resembles that of banks from advanced...
Persistent link: https://www.econbiz.de/10012392600
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Trading with China : productivity gains, job losses
Ahn, JaeBin; Duval, Romain - 2017
We analyze the impact on productivity in advanced economies of fast-growing trade with China between the mid-1990s and … economies and, similar to Autor, Dorn, and Hanson (2013), exploit exogenous variation in trade with China in a given country …-sector by instrumenting imports from (exports to) China in a given country-sector with the average imports from (exports to …
Persistent link: https://www.econbiz.de/10011704570
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Trade and financial spillover on Hong Kong SAR from a downturn in Europe and Mainland China
N'Diaye, Papa M'B. P.; Ahuja, Ashvin - 2012
Persistent link: https://www.econbiz.de/10009572370