Showing 1 - 10 of 89
The seven largest emerging market economies -- China, India, Brazil, Russia, Mexico, Indonesia, and Turkey -- constituted more than one-quarter of global output and more than half of global output growth during 2010-15. These emerging markets, called EM7, are also closely integrated with other...
Persistent link: https://www.econbiz.de/10012954309
Growth fluctuations exhibit substantial synchronization across countries, which has been viewed as reflecting a global business cycle driven by shocks with worldwide reach, or spillovers resulting from local real and/or financial linkages between countries. This paper brings these two...
Persistent link: https://www.econbiz.de/10012889889
This paper assesses the international comovement of gross capital flows in a setting simultaneously encompassing aggregate inflows and outflows. It uses as empirical framework a multilevel latent factor model, implemented on flow data for a large sample of countries over more than three decades....
Persistent link: https://www.econbiz.de/10012889898
The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. The authors' methodology allows them to account for differences across groups of countries (advanced economies and emerging market and developing...
Persistent link: https://www.econbiz.de/10012891045
What are the equilibrium effects of trade and capital liberalization on consumption smoothing? This question is addressed by studying the response to productivity shocks in a baseline two country, two goods, incomplete market model, where foreign borrowing is secured by collateral. The paper...
Persistent link: https://www.econbiz.de/10012976346
This paper documents an unusual and possibly significant phenomenon: The export of skills embodied in goods, services …
Persistent link: https://www.econbiz.de/10013070851
individually larger, with export value extremely concentrated in a few firms. Firm churning rates are disproportionately low and … survival rates of entrants are high. These findings reflect exceptionally high entry costs of export, which are the result of … anti-export bias and import substitution policies that sought unsuccessfully to develop the local industry. The paper shows …
Persistent link: https://www.econbiz.de/10012835904
This study examines whether foreign direct investment inflows facilitate upgrading of export quality in host countries … affiliates in the upstream (input-supplying) industries. This relationship is present irrespective of export destination or …
Persistent link: https://www.econbiz.de/10012838005
This paper studies how a positive export shock -- the sharp increase in garment-sector exports that began at the end of … exogenous to Bangladesh, the authors instrument export demand with OECD imports to ensure identification. The paper compares … predictions from long-run, general-equilibrium neoclassical trade theory. As in other studies, this paper finds that the export …
Persistent link: https://www.econbiz.de/10012839869
integration, namely, trade volumes, export/trade patterns by product (primary and manufacturing goods), and by destination (inter …
Persistent link: https://www.econbiz.de/10012842774