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Human Capital, Trade Liberalization, and Income Risk
Krebs, Tom; Krishna, Pravin; Maloney, William - 2012
Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the … on workers to estimate time-varying individual income risk parameters in different manufacturing sectors in Mexico … and income risk for workers of varying education levels. The authors' findings are as follows. The level of openness of an …
Persistent link: https://www.econbiz.de/10012552726
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Innocent Bystanders : How Foreign Uncertainty Shocks Harm Exporters
Taglioni, Daria; Zavacka, Veronika - 2013
The failure of trade economists to anticipate the extreme drop in trade post Lehman Brothers bankruptcy suggests that the behavior of trade in exceptional circumstances may still be poorly understood. This paper explores whether uncertainty shocks have explanatory power for movements in trade....
Persistent link: https://www.econbiz.de/10012557109
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Reserve Requirements in the Brave New Macroprudential World
Cordella, Tito; Federico, Pablo; Vegh, Carlos; Vuletin, … - 2014
Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in developing countries. The appeal of reserve requirements lies in the pro-cyclical behavior of...
Persistent link: https://www.econbiz.de/10012573862
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The Demographic, Economic and Financial Determinants of International Remittances in Developing Countries
Adams, Richard H., Jr. - 2012
What causes developing countries to receive different levels of international remittances? This paper addresses this question by using new data on such variables as the skill composition of migrants, poverty, and interest and exchange rates to examine the determinants of remittances. The paper...
Persistent link: https://www.econbiz.de/10012552366
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A Note on Rising Food Prices
Mitchell, Donald - 2012
The rapid rise in food prices has been a burden on the poor in developing countries, who spend roughly half of their household incomes on food. This paper examines the factors behind the rapid increase in internationally traded food prices since 2002 and estimates the contribution of various...
Persistent link: https://www.econbiz.de/10012552473
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Landlockedness, Infrastructure and Trade : New Estimates for Central Asian Countries
Grigoriou, Christopher - 2012
This paper assesses the impact of internal infrastructure and landlockedness on Central Asian trade using a panel gravity equation estimated on a large sample of countries (167 countries over 1992-2004). The panel structure of the dataset makes it possible to control for country-pair specific...
Persistent link: https://www.econbiz.de/10012552782
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Trade Costs, Barriers to Entry, and Export Diversification in Developing Countries
Dennis, Allen; Shepherd, Ben - 2012
This paper finds that a 1 percent reduction in the cost of exporting or the cost of international transport is associated with an export diversification gain of 0.3 percent or 0.4 percent respectively. Lower domestic market entry costs can also promote diversification, but the elasticity is...
Persistent link: https://www.econbiz.de/10012552814
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Trade Costs in the Developing World : 1995 - 2010
Arvis, Jean-Fran??ois; Duval, Yann; Shepherd, Ben - 2013
The authors use newly collected data on trade and production in 178 countries to infer estimates of trade costs in agriculture and manufactured goods for the 1995-2010 period. The data show that trade costs are strongly declining in per capita income. Moreover, the rate of change of trade costs...
Persistent link: https://www.econbiz.de/10012557976
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International Financial Integration through the Law of One Price
Levy Yeyati, Eduardo; Schmukler, Sergio L.; Van Horen, … - 2012
The authors argue that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segment markets and inhibit price arbitrage....
Persistent link: https://www.econbiz.de/10012553722
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Determinants of Market Integration and Price Transmission in Indonesia
Varela, Gonzalo; Aldaz-Carroll, Enrique; Iacovone, Leonardo - 2012
This paper investigates the determinants of price differences and market integration among Indonesian provinces, using data from retail cooking oil, rice and sugar markets during the period 1993-2007, and from wholesale maize and soybean markets during the period 1992-2006. The authors measure...
Persistent link: https://www.econbiz.de/10012554529