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This paper provides a framework for understanding trade patterns in the Mashreq. An augmented gravity model is used to compare actual with expected levels of trade. Trade barriers, political uncertainty, and over-appreciation of domestic currencies seem to explain low levels of international...
Persistent link: https://www.econbiz.de/10005263698
-run relationships: an output equation as predicted by theory and an equation linking foreign and domestic inflation rates. It is shown …
Persistent link: https://www.econbiz.de/10009401201
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
Using the between-sector variation in income as a new measure of economic uncertainty, this paper proposes simple models and supportive empirical evidence for the causal relations between economic uncertainty and government size in the open economy setting. Key empirical findings include: (1) a...
Persistent link: https://www.econbiz.de/10005769139
With China's accession to the WTO in 2001, Russia is by far that organization's most prominent nonmember. This paper applies the gravity model to gauge whether this "outsider" status has been affecting Russia's export structure. On the basis of cross-section and panel regressions for 1995-2002,...
Persistent link: https://www.econbiz.de/10005599345
real exchange rate, and the income elasticity of imports. The results also show that the correlation between the trade …
Persistent link: https://www.econbiz.de/10005605153
The paper examines the effects of aid and its volatility on consumption, investment, and the structure of production in the context of an intertemporal two-sector general equilibrium model. A permanent flow of aid finances mainly consumption, a result consistent with the historical failure of...
Persistent link: https://www.econbiz.de/10005605310
bilateral cousin. We investigate how the communication configuration affects a three-person coalition negotiation. Restricting …Complexity of communication is one of the important factors that distinguishes multilateral negotiation from its … who can communicate with whom strongly influences outcomes, and not always in ways that current theory anticipates …
Persistent link: https://www.econbiz.de/10009214571
We analyze a new fluctuation test for constant correlation with respect to its properties and possible applications in …
Persistent link: https://www.econbiz.de/10010994210
This paper shows that the efficiency bound for communication equilibria identified by Goltsman et al. (2009) in the …
Persistent link: https://www.econbiz.de/10011049785