Showing 1 - 10 of 11
In this article we have tried to assess the possible relationships between shuttle trade and the expletory variables … found that all the variables are integrated of order one, I(1), but shuttle trade. Besides we detected a case of … multicollinearity among some of the expletory variables. Therefore we used first order autoregression model of shuttle trade. We have …
Persistent link: https://www.econbiz.de/10009958032
sustainability of persistent budget and trade deficits as well as possible interactions between them. These deficits are most crucial … trade deficits ; sustainability ; twin deficits hypothesis ; cointegration ; Greek economy (1960-2007) …
Persistent link: https://www.econbiz.de/10009958045
Applying an open-economy macroeconomic model, incorporating the monetary policy reaction function and uncovering interest parity, this paper finds that the expected real exchange rate and real output exhibit an inverted J-shape relationship, suggesting that expected real depreciation increases...
Persistent link: https://www.econbiz.de/10009958051
This paper tests the Purchasing Power Parity Theory of Exchange Rates dealing with Argentinean data for the period 1900-2006. This is equivalent to testing if the Real Exchange Rate is a stationary variable or if its components (the nominal exchange rate and the relative prices) are...
Persistent link: https://www.econbiz.de/10009959087
Ein konjunkturbezogenes Transfersystem für die Mitgliedsländer des Euroraums könnte einen Beitrag dazu leisten, zyklische Ungleichgewichte zwischen den Ländern auszugleichen. Ein solches System wird hier in der konkreten Form einer europäischen Arbeitslosenversicherung vorgeschlagen. Durch...
Persistent link: https://www.econbiz.de/10010079477
This paper examines the long-run and short-run impacts of exchange rate and price changes on trade flows in Nigeria … 1980 Q1 to 2007 Q4. The results indicate that in both the short-run and long-run Nigeria's trade flows are chiefly …-Lerner (ML) condition holds thus implying that a devalued naira might hold considerable promise as the panacea to rising trade …
Persistent link: https://www.econbiz.de/10009958054
This research examines whether firms with different levels of export intensity differ with respect to the competitive elements that sustain their competitiveness in foreign markets, as well as on marketing strategies implemented in their commercial activity abroad. To this end, we examine a...
Persistent link: https://www.econbiz.de/10009958355
) trade flows. Using a traditional gravity-equation framework, we try to see to what extent the bilateral trade flows between … trade patterns. The main conclusion is that NAFTA did not have a significant effect on US trade patterns, neither with … Mexico nor with other countries in the world (with the exception of CACM). -- NAFTA ; gravity model ; trade diversion ; fixed …
Persistent link: https://www.econbiz.de/10009959068
The purpose of this paper is to analyse the effects of economic integration among countries on firms investment decisions when such decisions are taken strategically. It is shown that, in this context, the traditional "tariff jumping" argument is not always applicable and that localisation...
Persistent link: https://www.econbiz.de/10009959070
Die Anrainerstaaten des Persischen Golfs sind mit etwa 40 Prozent der weltweiten Exporte die bei weitem wichtigste Anbietergruppe auf dem Weltrohölmarkt. Nach Europa gehen etwa 13 Prozent der Rohölausfuhren der Golfstaaten und sechs Prozent der Ausfuhren an Erdölprodukten. Von den Golfstaaten...
Persistent link: https://www.econbiz.de/10010079406