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Trading with Asia's Giants
Bosworth, Barry; Collins, Susan M.; Flaaen, Aaron - 2008
competitiveness in the region. The purpose of this paper is to examine the patterns of U.S. trade relationships with China and India …
Persistent link: https://www.econbiz.de/10011807626
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Real exchange rate and international reserves in the era of growing financial and trade integration
Aizenman, Joshua; Riera-Crichton, Daniel - 2006
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010322720
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Real exchange rate and international reserves in an era of growing financial and trade integration
Aizenman, Joshua; Riera-Crichton, Daniel - 2006
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010285305
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Macroeconomic factors and antidumping filings: Evidence from four countries
Knetter, Michael M.; Prusa, Thomas J. - 2000
This paper examines the relationship between antidumping filings and macroeconomic factors. We show that real exchange rate fluctuations affect the two criteria for dumping in opposite ways, making the overall effect on filings ambiguous in theory. Interestingly, no such ambiguity is evidenced...
Persistent link: https://www.econbiz.de/10010318345
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Volatility, Information and Stock Market Crashes
Antonakakis, Nikolaos; Scharler, Johann - 2009
In this paper, we examine the evolution of the S&P500 returns volatility around market crashes using a Markov …-Switching model. We find that volatility typically switches into the high volatility state well before a crash and remains in the high … volatility by uniformed traders result in a crash. …
Persistent link: https://www.econbiz.de/10010294846
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Measuring the stability of a dynamic system: The case of the stock market turmoil 2007-2008
Bask, Mikael; Widerberg, Anna - 2010
The aim of this paper is to demonstrate how the change in actual and potential market risks in the Dow Jones Industrial Average (DJIA) during the two-year period 2007-2008 can be analyzed with the help of-analysis. In the empirical analysis, the average of the Lyapunov exponents for the dynamic...
Persistent link: https://www.econbiz.de/10010321428
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The relationship between housing investment and economic growth in China: A panel analysis using quarterly provincial data
Chen, Jie; Zhu, Aiyong - 2008
China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric … clear support of a stable long-run relationship between housing investment, non-housing investment and GDP in China. We then … country, while the impacts of housing investment on GDP behave strikingly differently in the three sub-regions of China. …
Persistent link: https://www.econbiz.de/10010321479
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What Can Be Learned About the Economies of China and India from Purchasing Power Comparisons?
Heston, Alan - 2008
Comparisons of India and China have been made for over 50 years. This paper focuses on purchasing power estimates in … China and India in the 2005 round of the UN International Comparison Programme (ICP) that was coordinated by the World Bank … currencies and real product per capita for 146 countries, and the results for China and India are discussed in the context of the …
Persistent link: https://www.econbiz.de/10011807635
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Heterogeneous convergence
Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - 2013
We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.
Persistent link: https://www.econbiz.de/10010335973
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Federal, state, and local governments: Evaluating their separate roles in US growth
Higgins, Matthew J.; Young, Andrew T.; Levy, Daniel - 2008
We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...
Persistent link: https://www.econbiz.de/10010336011