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This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528
within and outside the province of entry, as well as production and trade costs. The results indicate that market and … transport infrastructure and informal trade barriers. …
Persistent link: https://www.econbiz.de/10005605161
Persistent link: https://www.econbiz.de/10010215179
This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But...
Persistent link: https://www.econbiz.de/10011242343
Persistent link: https://www.econbiz.de/10008673741
alternative translog-cost function specifications for the estimation of the elasticities and apply seemingly unrelated regressions …
Persistent link: https://www.econbiz.de/10010555484
We establish the formal link between the separability of inputs in a production function and the aggregate elasticity of demand for those inputs. This validates the implicit assumption used when calculating an aggregate elasticity with aggregated input prices and provides a practical approach to...
Persistent link: https://www.econbiz.de/10008861878
This paper examines the mechanisms through which output volatility is related to trade openness using an industry …-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to … international trade are more volatile. Second, trade is accompanied by increased specialization. Third, sectors that are more open …
Persistent link: https://www.econbiz.de/10010790347
Trade in quality has become a dominant economic phenomenon in Europe since the 1990s (Fontagné, Freudenberg, Peridy …, 1998). Increasingly, European countries trade in similar products which vary in quality and variety, making quality an … important determinant of trade within these countries. This paper, thus, attempts to quantify the effect of quality in trade …
Persistent link: https://www.econbiz.de/10011195078