Showing 1 - 10 of 179
Motivated by the increased importance of trade between industrialized and less-developed countries, we build a DSGE … model featuring comparative advantage and inter-industry trade to analyze business cycle dynamics of industrialized …
Persistent link: https://www.econbiz.de/10011478292
exemplify possible applications related to trade and FDI. By overcoming several data limitations, our new global index can help …
Persistent link: https://www.econbiz.de/10010361439
The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade …
Persistent link: https://www.econbiz.de/10011472489
Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To … explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the … reason of growing trade in intermediate goods in the cross-section and the time-series framework. The evidence for …
Persistent link: https://www.econbiz.de/10011473479
We analyze cyclical co-movement in credit, house prices, equity prices, and long-term interest rates across 17 advanced economies. Using a time-varying multi-level dynamic factor model and more than 130 years of data, we analyze the dynamics of co-movement at different levels of aggregation and...
Persistent link: https://www.econbiz.de/10011987786
The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the...
Persistent link: https://www.econbiz.de/10011474806
This paper uses a dynamic general equilibrium two-country optimizing sticky-price model to analyze the consequences of international financial market integration for the propagation of asymmetric productivity shocks in a monetary union. The model implies that business cycle volatility is higher...
Persistent link: https://www.econbiz.de/10011475042
This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from North to South. The South can fall behind in terms of technologies or get trapped in a situation, in which it is unable to attract foreign capital and embodied technologies, if its...
Persistent link: https://www.econbiz.de/10003795826
optimal development policy requires FDI to be matched by investment into the absorptive capacity. -- Technology diffusion …
Persistent link: https://www.econbiz.de/10003795829
; technology transfer ; trade ; FDI ; climate change ; China …This paper introduces intra- and inter-sectoral technology diffusion via FDI and imports into a recursive-dynamic CGE …
Persistent link: https://www.econbiz.de/10003795862