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Unlike many theoretical analysis of tax effects on household debts in a monetary union, this paper builds up analysis from a household budget constraint, instead of starting from a model. By a monetary union, it is assumed that all nations in the union share same currency. The size of tax...
Persistent link: https://www.econbiz.de/10012993399
Global Manufacturing and International Supply Chains changed the way trade and international economics are understood … understanding of the supply-side growth dynamics, privileging a trade perspective: the definition of comparative advantages and the …
Persistent link: https://www.econbiz.de/10011435987
Global Manufacturing and International Supply Chains changed the way trade and international economics are understood … dynamics, privileging a trade perspective: the definition of comparative advantages and the potential for value-chain up-grading …
Persistent link: https://www.econbiz.de/10012996189
The crisis of international markets following recent events such as terrorist attacks, wars in the Middle East, high public debts, growing financial globalisation and integration have raised an interest in the analysis of country risk among industrialised countries as well as emerging nations....
Persistent link: https://www.econbiz.de/10012956558
to European and global samples of countries. It analyzes both the commodity structure of Polish trade and the …
Persistent link: https://www.econbiz.de/10011802050
growth and development also requires the generation of high productivity activities, quality employment, and greater domestic … balance of payments constraint, concentrated improvements in productivity and employment may remain at the industrial level …. Consequently, active policy efforts to generate quality employment on a wide scale and to improve the productivity in different …
Persistent link: https://www.econbiz.de/10008937471
This paper examines the impact of increased productivity on prices, output, real wage rate and balance of payments. Two … alternative forms of productivity are considered: (1) cost saving for a given output level and (2) production increase without a … less developed economies, it is shown that increased productivity with monetary and fiscal restraint helps the economy to …
Persistent link: https://www.econbiz.de/10013121821
This paper adopts an alternative approach to the study of the impact of capital inflow on the real exchange rate by foremost, analysing the effect of FDI inflow on the ratio of tradables to nontradables, and then estimating the relationship between the tradable‐nontradable ratio and the real...
Persistent link: https://www.econbiz.de/10014119005
Persistent link: https://www.econbiz.de/10012011358
Krugman's (1979, 1980) monoplistic competition model of trade showed that countries with more similar per-capita GDP … trade more with each other. Does this mean that developing countries shift trade towards developed countries as a result of … high economic growth? The results reported in this paper challenge the link between per-capita GDP and trade predicted by …
Persistent link: https://www.econbiz.de/10010487272