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The trade balance and the terms of trade in a two-country two-sector OLG economy

Guilló, María Dolores - In: Spanish Economic Review 3 (2001) 1, pp. 71-80

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

Exchange Rates and Trade Balance Adjustment: A Multi-Country Empirical Analysis

Bleaney, Michael; Tian, Mo - In: Open Economies Review 25 (2014) 4, pp. 655-675

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

Exchange Rates and Trade Balance Adjustment:A Multi-Country Empirical Analysis

Bleaney, Michael; Tian, Mo - Centre for Research in Economic Development and …

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

МЕСТО ТЕОРИИ ЭКОНОМИКИ ТАМОЖЕННОГО ДЕЛА В ОБЩЕЙ СИСТЕМЕ ТЕОРЕТИЧЕСКОГО ЗНАНИЯ

ЯКОВЛЕВИЧ, ЧЕРНЫШ АНАТОЛИЙ - In: Известия Тульского … (2014) 3, pp. 153-166

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

S-Curve Redux: On the International Transmission of Technology Shocks.

Enders, Zeno; Mueller, Gernot J. - Department of Economics, European University Institute - 2006

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

Understanding the Dynamic Effects of Government Spending on Foreign Trade

Mueller, Gernot J. - Department of Economics, European University Institute - 2004

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

The Impact of Trade Liberalizationon the Trade Balance in Developing Countries

Wu, Yi; Zeng, Li - International Monetary Fund (IMF) - 2008

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

Terms of Trade and Balance of Trade: Some Evidence for the Argentine Economy

Lanteri, Luis N. - In: Economía Mexicana NUEVA ÉPOCA XVIII (2009) 2, pp. 221-248

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

Does Any Long-Run Relation Exist Between the Terms of Trade and the Trade Balance?

Hatemi-J, Prof. Abdulnasser; Irandoust, Manuchehr - In: Economia Internazionale / International Economics 54 (2001) 2, pp. 177-185

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

Resolving the Halperín Paradox: The Terms of Trade and Argentina’s Expansion in the Long Nineteenth Century

Francis, Joseph A. - Volkswirtschaftliche Fakultät, … - 2014

Since the pioneering work of Tulio Halperín Donghi, historians have tried to explain why Argentina experienced a … Donghi made the mistake of looking at the nominal prices of Argentina’s exports in Britain, whereas he should have looked at … their prices in Argentina deflated by the prices of the country’s imports – that is, its terms of trade. When this …

Persistent link: https://www.econbiz.de/10011108712