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The last decade has witnessed an explosion in the number of regional trade agreements (RTAs). There seems to be a general if ill-defined belief on the part of many policy-makers, and among a number of academics as well, that there is more to a RTA than the traditional gains from trade. This...
Persistent link: https://www.econbiz.de/10013323465
international trade into product entry and exit, price changes, and quantity changes for imports by Brazil, the European Union …
Persistent link: https://www.econbiz.de/10013139522
We use new manufacturing GDP time series to examine the industrialization in Argentina, Brazil, Chile, and Colombia …
Persistent link: https://www.econbiz.de/10012926416
sample of four emerging small open economies: Argentina, Ecuador, Venezuela, and Brazil. We postulate a stochastic volatility …
Persistent link: https://www.econbiz.de/10012757576
The flypaper effect is a widely-documented puzzle whereby the propensity of sub-national governmental units to spend out of unconditional transfers is higher than the propensity to spend out of private income. Building on previous insights in the literature that rationalize this puzzle using...
Persistent link: https://www.econbiz.de/10012989731
large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a … detailed analysis of the Argentina case using disaggregated CPI data, data from our own survey of prices in Buenos Aires, and …
Persistent link: https://www.econbiz.de/10013220091
This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as:...
Persistent link: https://www.econbiz.de/10013239338
policy in the automobile sector in Argentina and Brazil during 1996-1999.I measure the economic impact of a trade balance … these goods become more discriminatory, and exports from Brazil to Argentina decrease once the trade balance constraint is …
Persistent link: https://www.econbiz.de/10013248726
Latin American countries (Argentina, Brazil, and Uruguay). To correctly identify innovations in changes in legal reserve …
Persistent link: https://www.econbiz.de/10013299371
In 1985-86 Argentina, Brazil and Israel initiated programs of stabilization after episodes of high and sharply … programs in Argentina and Israel have now been in force for over a year and the more recent one in Brazil for half a year …, inertial inflation and the basics of monetary reform. We also review the actual stabilization experience in Argentina, Brazil …
Persistent link: https://www.econbiz.de/10013227053