Showing 21 - 30 of 180
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical
Persistent link: https://www.econbiz.de/10012246538
Do sources of volatility differ by country characteristics such as the level of development, country size, quality of … that factors affecting gross domestic product volatility differ systematically by country size, development level, and …
Persistent link: https://www.econbiz.de/10011903019
Persistent link: https://www.econbiz.de/10012644419
between exchange rate volatility and foreign direct investment (FDI)inflows. The results reveal a negative relationship … between de facto exchange rate volatility andFDI. Reducing exchange rate volatility by 10 percent over one-year can boost FDI … been experiencing high volatility of the rand inrecent years. Reducing the rand's volatility to that of developing country …
Persistent link: https://www.econbiz.de/10012645327
the main factors behind the volatility in output growth. A MarkovSwitching VAR (MS-VAR) model is also employed to explore … volatile economies in Latin America and the Caribbean. Most this is volatility is driven by fluctuations in the economic growth …'s GDP on growth weakens during periods of intense volatility suggesting that the authorities may need to invest more in …
Persistent link: https://www.econbiz.de/10012646791
Previous sharp oil price declines have been accompanied by elevated ex post volatility. In contrast, volatility was … price declines. This finding is robust to nonparametric and GARCH measures of volatility. Further, the U.S. dollar … appreciation exerted a strong influence on volatility during the recent crash; in contrast, the impact of shocks on equity markets …
Persistent link: https://www.econbiz.de/10012245707
measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … globalization reduces market volatility (measured by the volatility of stock returns) in tranquil times, and increases it in … turbulent ones. On average, the first effect dominates, so that financial globalization leads to a decrease in market volatility …
Persistent link: https://www.econbiz.de/10012246024
This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds … growth volatility in countries with better-developed financial systems, as these firms may benefit from reduced refinancing … risk and therefore growth volatility associated with short-term financing. Increased availability of long-term finance …
Persistent link: https://www.econbiz.de/10012246521
This paper presents estimates of the effects that terms of trade volatility has on growth of real gross domestic … that: (i) in model specifications that do not include country fixed effects, terms of trade volatility has a significant … terms of trade volatility on economic growth is not significantly different from zero; (iii) robust to the inclusion of …
Persistent link: https://www.econbiz.de/10012246606
volatility. Using a new panel database compiled as part of the World Bank's agricultural distortions research project, the author … estimate the effect of regionalism on the volatility of price distortions measured by the absolute value of their first … negative effect on agricultural trade-policy volatility. The author find that the World Trade Organization (WTO) agricultural …
Persistent link: https://www.econbiz.de/10012246933