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This study assesses the response of the trade balance to exchange rate fluctuations across a large number of countries. Fixed-effects regressions are estimated for three country groups (industrial, developing and emerging markets) on annual data for 87 countries from 1994 to 2010. The trade...
Persistent link: https://www.econbiz.de/10010988446
Using two recently constructed measures of trade liberalization dates, this research studies the impact of trade liberalization on imports, exports, and overall trade balance for a large sample of developing countries. We find strong and consistent evidence that trade liberalization leads to...
Persistent link: https://www.econbiz.de/10005248278
We consider a two-country, two-sector OLG model. It is shown that the trade balance and the relative price of exports are always positively related when exports are labor intensive regardless of the elasticity of intertemporal substitution in consumption. A large response of savings to future...
Persistent link: https://www.econbiz.de/10005371338
В статье определено место теории экономики таможенного дела в общей системе теоретического знания, раскрыты ее взаимосвязи с другими науками через концепции,...
Persistent link: https://www.econbiz.de/10011229181
significant changes in their economies. This paper examines the effect of these shocks on Argentina’s domestic product and trade …
Persistent link: https://www.econbiz.de/10008515140
In order to understand the dynamic effects of government spending on foreign trade the present paper proceeds in two steps. First, using U.S. time series data for the post-Bretton-Woods period, the dynamic effects of government spending are investigated within a structural Vector Autoregression...
Persistent link: https://www.econbiz.de/10005744285
This study assesses the response of the trade balance to exchange rate fluctuations across a large number of countries. Fixed-effects regressions are estimated for 87 countries on annual data from 1994 to 2010. The trade balance improves significantly after a real depreciation, and to a similar...
Persistent link: https://www.econbiz.de/10010747065
In this paper we use the Johansen and Juselius cointegration technique t examine the long-run convergenCe between the trade balance and the terms o trade, using quarterly data from Sweden. The results show that the trade balance and the terms of trade are cointegrated in the long run and the...
Persistent link: https://www.econbiz.de/10008459599
Using vector autoregressions on U.S. time series, we find that technology shocks induce an ‘S’- shaped cross-correlation function for the trade balance and the terms of trade (S-curve). In calibrating a prototypical international business cycle model to match the S-curve under complete and...
Persistent link: https://www.econbiz.de/10005816401
This paper evaluates the domestic adjustment to recent positive external shocks in Argentina's natural resource sectors …. Although there is no single, exclusive determinant of Argentina's fast economic growth in the period 2003-2007, the paper … Argentine economy, export taxes on natural resource products and Argentina's competitive exchange rate policy have counteracted …
Persistent link: https://www.econbiz.de/10011210412