Price and income elasticities estimated from a country's export demand function are used both to predict and to prescribe effective export strategies. But the focus on elasticities has led to the neglect of an important empirical regularity: a strong persistencein the growth rate of a country's...

This article analyzes the relationship between export competitiveness and investment in machinery, allowing for imperfect substitution between domestically produced and imported machinery. A translog export price function is estimated for developed, exportoriented developing, and...

Muchos problemas del desarrollo van más allá de las fronteras nacionales y tienen un carácter regional e incluso global. El reconocimiento de estos retos, los cuales van de la transmisión de enfermedades entre fronteras hasta la dispersión de inestabilidad financiera global, ha llevado a...

Muchos problemas del desarrollo van más allá de las fronteras nacionales y tienen un carácter regional e incluso global. El reconocimiento de estos retos, los cuales van de la transmisión de enfermedades entre fronteras hasta la dispersión de inestabilidad financiera global, ha llevado a...

This paper extends the partial (PE) and general equilibrium (GE) analyses of Nash and stackelberg optimum export taxes to multicountry framework, using a computable general equilibrium (CGE) model of the global cocoa market.

This study seeks to uncover the factors determining the dynamic behavior of key macroeconomic variables in two emerging market economies, Turkey and Mexico, from the late 1980's to the present. For this purpose, we analyze the behavior of real interest rates, real stock returns, inflation,...

Using a model of imperfect compitition and allowing for imperfect substitutability between domestically produced and imported machinery, we analyze the relationship between machinery investment and export competitiveness.

This paper presents a complete framework for testing procedure based on statistical theory of Markov chains.

We propose several connectedness measures built from pieces of variance decompositions, and we argue that they provide natural and insightful measures of connectedness among financial asset returns and volatilities. We also show that variance decompositions define weighted, directed networks, so...