Showing 1 - 10 of 345
We investigate inflation targeting (IT) in emerging markets, focusing on the role of the real exchange rate and the distinction between commodity and non-commodity exporters. IT emerging markets appear to follow a quot;mixed strategyquot; whereby both inflation and real exchange rates are...
Persistent link: https://www.econbiz.de/10012758026
ventures have better export performance than private domestic firms in financially more vulnerable sectors. These results are …
Persistent link: https://www.econbiz.de/10013127980
This paper provides some evidence of the "export overshooting" phenomenon, i.e., the unusually large deviation of … exports from their long-run level. We study the export trends of a sample of 37 countries including both OECD and non …. Moreover, the extent of export overshooting was increasing in more recent crisis, which can be attributed to an increase in …
Persistent link: https://www.econbiz.de/10013128969
relationship between a country's export mix and its wage (GDP per capita). We show that this non-monotonicity permeates the 1980 … and (2) for the poorest third of countries, changes in export mix substantially over-predict growth in GDP per capita …
Persistent link: https://www.econbiz.de/10013129123
To quantify trade frictions, we examine multi-product exporters. We build a flexible general equilibrium model and estimate market entry costs using Brazilian firm-product-destination data under rich demand and market-access cost shocks. Our estimates show that additional products farther from a...
Persistent link: https://www.econbiz.de/10013134907
It has been a well-known puzzle why the yen has not been used more in trade invoicing among Japanese exporters. Despite the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an excessively small share of yen invoicing: First, a strong...
Persistent link: https://www.econbiz.de/10013139736
We estimate geographic barriers to export trade in nine service categories for Canada's provinces from 1997 to 2007 …
Persistent link: https://www.econbiz.de/10013117890
We estimate the elasticity of exports to credit using matched customs and firm-level bank credit data from Peru. To account for non-credit determinants of exports, we compare changes in exports of the same product and to the same destination by firms borrowing from banks differentially affected...
Persistent link: https://www.econbiz.de/10013126205
In this paper we build a model of market competition among religious denominations, using a framework that involves incomplete contracts and the production of club goods. We treat denominations akin to multinational enterprises, which decide which countries to enter based on local market...
Persistent link: https://www.econbiz.de/10013126218
This paper proposes a framework for gross exports accounting that breaks up a country's gross exports into various value-added components by source and additional double counted terms. By identifying which parts of the official trade data are double counted and the sources of the double...
Persistent link: https://www.econbiz.de/10013097267