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Terms of trade movements and the global economic crisis: Implications for the Asia-Pacific region
Bloch, Harry; Sapsford, D. - 2009
Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade ofindividual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...
Persistent link: https://www.econbiz.de/10009434781
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Terms of trade movements and the global economic crisis: Implications for the Asia-Pacific region
Bloch, Harry; Sapsford, D. - 2009
Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade of individual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...
Persistent link: https://www.econbiz.de/10009434784
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THE EFFECT OF ARMINGTON STRUCTURE ON WELFARE EVALUATIONS IN GLOBAL CGE-MODELS
Kerkela, Leena - 2008
In this paper, the welfare results in trade liberalisation scenarios in global CGE models (like GTAP)are analysed. The default modeling strategy in trade is the Armington assumption with bilateral tradeflows in industries. The negative terms of trade effects that often dominate the negative...
Persistent link: https://www.econbiz.de/10009443257
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IMPACTS OF EXHCHANGE RATE ON TERMS OF TRADE AND VOLUME OF TRADE
Lee, Young-Jae; Kennedy, P. Lynn - 2009
Direct and indirect effects of exchange rates on foreign and home prices may induce a change in terms of trade and volume of trade. In particular, the price effect in substitutability between foreign and home products and endogeneity of the foreign price provide evidence for the indirect impact...
Persistent link: https://www.econbiz.de/10009445817
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Uneven Development and the Terms of Trade: A Theoretical and Empirical Analysis
Erten, Bilge - 2010
Despite the voluminous literature on North-South macroeconomic interactions and the key role of terms of trade variations in growth transmission from one region to another, a significant research gap persists for two reasons. First, there has been very little empirical work on testing of the...
Persistent link: https://www.econbiz.de/10009467997
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Exploring the Robustness of the Balance of Payments- Constrained Growth Idea in a Multiple Good Framework
Razmi, Arslan - 2009
This paper derives the balance of payments-constrained growth (BPCG) model as a special case of a three good framework that incorporates ex- portables, importables, and non-tradables. The conditions under which the canonical form of the BPCG rate can be derived are made explicit and the...
Persistent link: https://www.econbiz.de/10009468016
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The Effects of Export-Oriented, FDI-Friendly Policies on the Balance of Payments in a Developing Economy: A General Equilibrium Investigation
Razmi, Arslan - 2005
-oriented foreign direct investment (FDI). The effects of these policies on the external accounts have been largely ignored. This paper …
Persistent link: https://www.econbiz.de/10009468023
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PRIVATE SAVINGS IN TRANSITION ECONOMIES: ARE THERE TERMS OF TRADE SHOCKS?
Chowdhury, Abdur R. - 2003
The paper examines the impact of terms of trade shocks on private savings in the transition economies after accounting … them to reduce savings by a larger amount than they would otherwise have. Empirical analysis using a dynamic panel model … and data from twenty one transition economies confirm that most of the determinants of savings identified in the …
Persistent link: https://www.econbiz.de/10009477481
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Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach
Teodorescu, Margareta - 2008
One of the fundamental normative questions within international trade theory is whether free trade is better than …
Persistent link: https://www.econbiz.de/10009452613
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Neighborhood effects in economic growth
Vilarrubia Tapia, Josep M. - 2006
One of the most striking features of the world economy is that wealthy countries are clustered together. This paper theoretically and empirically explains a mechanism for this clustering by extending the Acemoglu and Ventura model so that it takes real geography into account. Countries close to...
Persistent link: https://www.econbiz.de/10012530139