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Today’s international trade in goods is driven mainly by the growth of exports and imports of the South. Emerging countries naturally gain global market shares in manufactured goods from old industrialised countries, including Europe. This trend has became even more pronounced during the last...
Persistent link: https://www.econbiz.de/10011258001
The link between regional integration and intra-industry trade (IIT) has been under scrutiny since it has been first suggested by the European integration process. However, the lack of reliable data and the difficulty to find a robust model for IIT made this relationship difficult to prove. This...
Persistent link: https://www.econbiz.de/10011112588
La France est l’un des pays industrialisés dont les parts de marché à l’exportation ont le plus reculé entre 1999 et 2013. Ce recul est sensiblement plus marqué que celui enregistré par l’Allemagne, et ce dans la quasi-totalité des secteurs. Une analyse comparative simple des...
Persistent link: https://www.econbiz.de/10011119980
Cet article élabore une nouvelle méthodologie de datation des cycles financiers extrêmes. S?appuyant sur la théorie des valeurs extrêmes, il étend la « calculus rule » afin de détecter les pics et les creux exceptionnels. Appliquée sur des séries financières américaines...
Persistent link: https://www.econbiz.de/10011187149
Over the past two decades, international trade has become a privileged engine of growth for much of the developing world. With the global economy evolving continuously and rapidly, countries must pay close attention to their positioning on the map of global trade and production. Within this...
Persistent link: https://www.econbiz.de/10010726957
Using a very detailed set of French firms' data on trade flows and balance sheets, this paper analyses to what extent firms' financial frictions, considered as the interaction of financial dependence and financial constraints, and trading time affect their trade flows. In this empirical study...
Persistent link: https://www.econbiz.de/10010775743
This paper proposes a new approach to date extreme financial cycles. Elaborating on recent methods in extreme value theory, it elaborates an extension of the famous calculus rule to detect extreme peaks and troughs. Applied on United-States stock market since 1871, it leads to a dating of these...
Persistent link: https://www.econbiz.de/10010899424
Persistent link: https://www.econbiz.de/10010791933
[eng] This paper analyses movements in automobile-price differentials between European Union countries from 1993 to 1999. Microeconomic data for selling prices of the principal models are used to construct price series for countries using an econometric hedonic-price model. It is shown that,...
Persistent link: https://www.econbiz.de/10010978702
Persistent link: https://www.econbiz.de/10010978764