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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
presents a useful model for reform that could be emulated by other countries …
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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The slowdown in global trade : a symptom of a weak recovery
Aslam, Aqib; Boz, Emine; Cerutti, Eugenio M.; … - 2017
weakness in economic activity, particularly investment, has been the primary restraint on trade growth, accounting for over 80 …
Persistent link: https://www.econbiz.de/10011763603
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Macroeconomic Adjustment and Reform in Planned Economies
International Monetary Fund - 1990
This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned … economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances … imbalances. Market-oriented reform should also increase the ability of the authorities to carry out stabilization policies …
Persistent link: https://www.econbiz.de/10014396471
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Financial Sector Reform and Central Banking in Centrally Planned Economies
International Monetary Fund - 1990
This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition … to market-based systems. The discussion draws mainly on the experiences of four countries, Hungary, Poland …
Persistent link: https://www.econbiz.de/10014395861
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Greece's investment gap
Hua, Shiqing; Méndez, María; Xu, Xin - 2022
Greece's investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world … in 2019. This paper explores recent investment dynamics and compares them against estimated benchmarks. Our results … suggest that Greece has been under-investing since the SDC, with private investment notably lagging behind. The estimated …
Persistent link: https://www.econbiz.de/10013170315
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Optimal Incentives to Domestic Investment in the Presence of Capital Flight
International Monetary Fund - 1989
This paper develops a model of an open economy which employs distortionary taxes to finance public consumption, and with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports and the accompanying set of taxes. A distinction is made...
Persistent link: https://www.econbiz.de/10014395795