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rate and shocks to foreign (German and Chinese) variables. Results indicate in particular that world exports respond much … be used to monitor trade developments, such as the sharp contraction in world trade that took place in the wake of the …
Persistent link: https://www.econbiz.de/10011605133
This volume was prepared by Benedikt Heid while he was working at the ifo Institute and the University of Bayreuth. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the Ludwig-Maximilians-Universität München. It includes six self-contained...
Persistent link: https://www.econbiz.de/10011698345
The volume and commodity structure of EU trade with the transition countries in central and eastern Europe (CEECs) is estimated on the assumption that it will follow the pattern of trade among market economies. A gravity-type approach at the level of product groups is used, combining geography...
Persistent link: https://www.econbiz.de/10010260749
Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...
Persistent link: https://www.econbiz.de/10010274793
Market access liberalization has influenced product-specific growth of world exports and contributed to the shift in … the structure of world exports of manufactures towards electrical and electronic goods (including parts and components … moving to full trade liberalization would lead to an increase in the share of agricultural products in total world trade by …
Persistent link: https://www.econbiz.de/10010279308
Limited empirical work has been done to the diverging current account balances of the individual emerging Asian economies. Based on the intertemporal approach to current account, this paper empirically examines both the long-run and short-run impacts of initial stock of net foreign assets,...
Persistent link: https://www.econbiz.de/10010288866
to the collapse in world trade and sharp drop in commodity prices. Things were made worse by emerging markets' exposure …
Persistent link: https://www.econbiz.de/10010281707
In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...
Persistent link: https://www.econbiz.de/10010261322
Recent empirical evidence suggests that reversing current account balances imply costly adjustment processes leading to reduced economic growth. Using large panel data sets to analyze determinants and costs of reversals asks for controls of heterogeneity among countries. This paper contributes a...
Persistent link: https://www.econbiz.de/10010296281
Several empirical studies are concerned with measuring the effect of currency and current account crises on economic growth. Using different empirical models this paper serves two aspects. It provides an explicit assessment of country specific factors influencing the costs of crises in terms of...
Persistent link: https://www.econbiz.de/10010296297