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-by-country analysis, however, reveals diversity in the substitutability estimates. The four North East countries -- China, Hong Kong …
Persistent link: https://www.econbiz.de/10012466233
. Exploiting the exogenous component of rising trade with China and classifying legislator ideologies by congressional voting …
Persistent link: https://www.econbiz.de/10012456043
The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism -- hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...
Persistent link: https://www.econbiz.de/10012465942
When firms from developed markets acquire firms in emerging markets, market-capitalization-weighted monthly joint returns show a statistically significant increase of 1.8%. Panel data estimations suggest that the value gains from cross-border M&A transactions stem from the transfer of majority...
Persistent link: https://www.econbiz.de/10012467817
First generation models of speculative attacks show that apparently random speculative attacks on policy regimes can be fully consistent with rational and well-informed speculative behavior. Unfortunately, models driven by a conflict between exchange rate policy and other macroeconomic...
Persistent link: https://www.econbiz.de/10012472513
The unusually rapid and prolonged growth of both output and exports in the Newly Industralizing Countries of East Asia has led many economists to believe that productivity growth in these economies, particularly in their manufacturing sectors, has been extraordinarily high. This view has, in...
Persistent link: https://www.econbiz.de/10012474463
In this paper I discuss some of the most important lessons on exchange rate policies in emerging markets during the last 35 years. The analysis is undertaken from the perspective of both the Latin American and East Asian nations. Some of the topics addressed include: the relationship between...
Persistent link: https://www.econbiz.de/10012461584
decades, whereas China's has been on a rising trend, yet the share of trade among Asian economies with the dollar zone …. One big dollar-zone economy that has been increasing its presence in Asia is China. However, China has been recently … making efforts to "internationalize" its currency, the yuan (RMB). Hence, if China succeeds in its internationalization …
Persistent link: https://www.econbiz.de/10012456407
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their competitive position. Using data on firms in 27 emerging market economies, we estimate the effects of foreign competition, vertical linkages with foreign firms, and international...
Persistent link: https://www.econbiz.de/10012464166
This chapter reviews the empirical economics literature on the impact of trade liberalization on firms' innovation-related outcomes. We define and examine four types of shocks to trade flows: import competition, export opportunities, access to imported intermediates, and foreign input...
Persistent link: https://www.econbiz.de/10012453005