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In this study, we evaluate whether survey-based indicators produce lower forecast errorsfor export growth than … expectations. However, largecountry differences in the forecast accuracy of survey-based indicators emerge. Thesedifferences are …. For hard indicators, we find only weak evidence for the export composition toexplain differences in forecast accuracy. …
Persistent link: https://www.econbiz.de/10011198482
The increasing returns revolution in trade is incomplete in an important respect --there exists no compelling empirical demonstration of the role of increasing returns in determining production and trade structure. One reason is that trade patterns of the canonical increasing returns models are...
Persistent link: https://www.econbiz.de/10005245674
In 2011 the world economy has registered an involution compared to 2010, due to diminished economic growth in countries with advanced economies. Also, a significant decrease in growth of international trade contributed to the evolution below expectations of the international economy as a whole....
Persistent link: https://www.econbiz.de/10011145137
This article aims to analyze how the financial crisis that bursted in the mid-2008 led to a global and regional drop in trade flows. It starts from a comparison of the Great Depression shock to what happened during the Great Recession. Based on the similarities and differences found in the...
Persistent link: https://www.econbiz.de/10010929250
It is generally accepted that the recent economic crisis of 2007-2010 has caused widespread economic recession in different countries. Since the ports and coastal regions are of great importance to economic infrastructure, this study examined the possible impact resulting from such a global...
Persistent link: https://www.econbiz.de/10011108429
Persistent link: https://www.econbiz.de/10005811823
During the 1980s many economists started to use the term globalisation as a catchword for an increased interaction between countries in world trade. The literature does not provide a clear definition of globalisation. We set up a number of criteria and formulate hypotheses about globalisation...
Persistent link: https://www.econbiz.de/10005419315
Am 67. "ifo Konjunkturtest International" (KTI) beteiligten sich über 600 Experten aus 81 Ländern. Die Teilnehmer aus fast allen Regionen haben sowohl die aktuelle Wirtschaftslage in ihrem Land als auch die Aussichten für die kommenden sechs Monate besser beurteilt als bei der vorangegangenen...
Persistent link: https://www.econbiz.de/10005055905
Inequality is a lively topic. With the trends in the US and Europe, researchers have formulated two major explanations for the problem. Trade/Openness on the one hand and Skills/Computers on the other. The quot;conventionalquot; explanation is the dominant view, primarily because empirical...
Persistent link: https://www.econbiz.de/10012785276
We investigate the dramatic 2008–2009 trade collapse using microdata from a small open economy, Belgium. Belgian trade essentially fell because of reduced quantities and unit prices, rather than fewer firms involved in international transactions, fewer trading partners per firm, or fewer...
Persistent link: https://www.econbiz.de/10011126326