Showing 1 - 10 of 48
to calculate the levels of intra-industry trade in manufactures between 1988 and 2011. The analysis provides data on the …
Persistent link: https://www.econbiz.de/10011259540
services are still much larger than for manufactures. Based on standard elasticities of substitution used in the literature … than for manufactures. …
Persistent link: https://www.econbiz.de/10009647273
In this paper, role of international trade in economic development is discussed, both from the perspective of theoretical development and empiricism. In particular, it revisits theories pertaining to intra-industry and inter-industry trade and presents evidences of resilience in intra-industry...
Persistent link: https://www.econbiz.de/10011110967
Since 1982 the Mexican economy was characterized by the presence of low economic growth rates, this situation has caused a severe reduction in employment and thus the welfare of the Mexican population. Following a kaldorian’s framework of development we assume that the process of stagnation...
Persistent link: https://www.econbiz.de/10011111489
The paper presents a model to analyze the adjustment of prices of non-traded food staples to changes in global food … prices via the response of traded commodities in domestic markets. It shows that the impact on local prices of shocks … interconnectedness, the model used here allows us to trace the future impact of shocks on local prices over time and thus helps policy …
Persistent link: https://www.econbiz.de/10011258871
customer’s perceptions of Dacia car prices and aims to determine whether the manufacturer succeeded in transmitting the …
Persistent link: https://www.econbiz.de/10011259535
The structural approach adopted in this paper aims to trace out the evolution of public debt and deficits over a medium term horizon and its dynamic interaction with other key macroeconomic variables such as interest rate, inflation, trade gap and output. The policy simulations for India reveal...
Persistent link: https://www.econbiz.de/10005087507
The objective of the paper is to re-examine the causal relationship between money and prices in Pakistan using recent … data and employing cointegration and error correction models. Two measures of prices (CPI and WPI) and three measures of … relationship between prices and M2 definition of money. The other definitions of money do not seem to be related with prices. The …
Persistent link: https://www.econbiz.de/10005260060
Many financial studies are based on the efficient capital markets hypothesis. In this context, testing the existence of this concept becomes an interesting field of study for the emerging capital market. The aim of this paper is to enlighten the difficulties of portfolio construction in a...
Persistent link: https://www.econbiz.de/10005260312
The study estimates relative city price convergence using CPI data from July 2001 to June 2008 on 35 Pakistani cities. Two cities Lahore and Karachi are chosen to be the numeraire cities. The half life of relative city price shock has also been estimated. The study finds average half life of...
Persistent link: https://www.econbiz.de/10009294586