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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
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
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
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
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
Trade is measured on a gross sales basis while GDP is measured on a net sales basis, i.e. value added. The rapid internationalisation of production in the last two decades has meant that gross trade flows are increasingly unrepresentative of the value-added flows. This fact has important...
Persistent link: https://www.econbiz.de/10011154596
The study addresses the economic development of four European countries - Romania, Hungary, Czech Republic, and Poland beginning with 1990. It will be employed a descriptive analysis of their trade and growth dynamics. Emphasis will be placed on the determinants of economic growth of this group...
Persistent link: https://www.econbiz.de/10011268736
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
Unlike the Great Depression of the 1930, the Great Recession of 2008-2009 did not trigger a massive wave of protectionism as expected. Nevertheless, numerous countries have adjusted their trade policies during the financial crisis to mitigate its negative effects. Despite the widely shared view...
Persistent link: https://www.econbiz.de/10011201772
Whether international economic integration arrangements result in a more liberal trade at the multilateral level cannot be proven with ease. Integration may start this process, but it may also reverse it. New mega-integration deals such as the Trans-Pacific Partnership, Regional Comprehensive...
Persistent link: https://www.econbiz.de/10011191485