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Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach

Teodorescu, Margareta - 2008

" framework.The special case of constant terms of trade is subsequently abandoned and a two-country model of the world economy … trade. By bringing into contrast an autarkic versus a trading world economy, the extension to a two-country model allows us … to mainly investigate two transitional dynamics. The first one is whether the switch of the world economy from no trade …

Persistent link: https://www.econbiz.de/10009452613

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 …

Persistent link: https://www.econbiz.de/10012530139

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

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

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

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

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

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

The Effects of Export-Oriented, FDI-Friendly Policies on the Balance of Payments in a Developing Economy: A General Equilibrium Investigation

Razmi, Arslan - 2005

Many developing countries have adopted investor-friendly policies in recent years in order to attract export-oriented foreign direct investment (FDI). The effects of these policies on the external accounts have been largely ignored. This paper endogenizes FDI inflows in a structuralist general...

Persistent link: https://www.econbiz.de/10009468023

PRIVATE SAVINGS IN TRANSITION ECONOMIES: ARE THERE TERMS OF TRADE SHOCKS?

Chowdhury, Abdur R. - 2003

which are more pronounced during bad state of nature. Thus, adverse shocks to commodity prices in the world market can force …

Persistent link: https://www.econbiz.de/10009477481

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