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Beer, Wood, and Welfare
Grimm, Michael - 2014
Local beer breweries in Burkina Faso absorb a considerable amount of urban woodfuel demand. We assess the woodfuel …
Persistent link: https://www.econbiz.de/10013039584
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Are Entrepreneurs Aware of Covered Interest Parity and Dollar Shortage?
Nariman, Farhad; Heshmati, Almas - 2022
The purpose of this study is demonstrating why entrepreneurs should monitor the broad dollar index. This paper explains the reason why the broad dollar index has become a risk (leverage) gauge since 2008 using the Covered Interest Parity (CIP). CIP can be viewed as a reflection of the shadow...
Persistent link: https://www.econbiz.de/10013406442
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The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia
Brixiova, Zuzana - 2013
Egypt, Morocco and Tunisia face challenges competing on the global markets, as shown by their relatively low and stagnant export shares. The limited export competitiveness has hampered external demand, growth and employment. Applying, for the first time to North Africa, the stock-flow approach...
Persistent link: https://www.econbiz.de/10013071447
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Firm Dynamics and Real Exchange Rate Fluctuations : Does Trade Openness Matter? Evidence from Mexico’s Manufacturing Sector
Fuentes, Miguel - 2009
In this paper we study the effect of NAFTA on the responsiveness of Mexican economy to real exchange rate shocks. We argue that, by opening the U.S. and Canadian markets to Mexican goods, NAFTA made it easier for domestic producers to take advantage of the opportunities brought by the...
Persistent link: https://www.econbiz.de/10013155309
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Employment and Exchange Rates : The Role of Openness and Technology
Alexandre, Fernando - 2009
Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. This paper...
Persistent link: https://www.econbiz.de/10013159338
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The Real Exchange Rate and Growth in Zimbabwe : Does the Currency Regime Matter?
Brixiova, Zuzana - 2014
Zimbabwe faces growth and external competitiveness challenges, as indicated by its low trend growth and investment, declining share in the world exports, high current account deficits, and external debt. The stock-flow approach to the equilibrium exchange rate reveals that the real exchange rate...
Persistent link: https://www.econbiz.de/10013047877
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The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence
D'Adamo, Gaetano - 2013
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...
Persistent link: https://www.econbiz.de/10013074886
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Purchasing Power Parity for Developing and Developed Countries : What can we Learn from Non-Stationary Panel Data Models?
Drine, Imed; Rault, Christophe - 2021
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...
Persistent link: https://www.econbiz.de/10013316947
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The Impacts of the Dollar-Renminbi Exchange Rate Misalignment on the China-United States Commodity Trade : An Asymmetric Analysis
Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, … - 2022
trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error …-correction models (ECM) revealed that real dollar-renminbi rate misalignment has short-run effects on 35 U.S. exporting and 53 U … in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts …
Persistent link: https://www.econbiz.de/10014083735
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Global Poverty Goals and Prices : How Purchasing Power Parity Matters
Jolliffe, Dean - 2015
With the recent release of the 2011 purchasing power parity (PPP) data from the International Comparison Program (ICP …
Persistent link: https://www.econbiz.de/10013021955