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This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
Persistent link: https://www.econbiz.de/10005825986
-industry trade (IIT). It is assumed that more IIT implies a smaller elasticity of substitution among differentiated products and vice … effectiveness of exchange rates in addressing trade imbalances will diminish as the extent of IIT increases. …
Persistent link: https://www.econbiz.de/10005599252
within and outside the province of entry, as well as production and trade costs. The results indicate that market and … transport infrastructure and informal trade barriers. …
Persistent link: https://www.econbiz.de/10005605161
alternative translog-cost function specifications for the estimation of the elasticities and apply seemingly unrelated regressions …
Persistent link: https://www.econbiz.de/10010555484
Trade elasticities are often needed in applied country work for various purposes and this paper describes a method for … elasticities for a large number of low, middle, and upper income countries. One task for which trade elasticities are needed is in …
Persistent link: https://www.econbiz.de/10008646424
Persistent link: https://www.econbiz.de/10008673741
the terms of trade and real exchange rates in a three-country open economy model of the U.S., China, and other emerging …
Persistent link: https://www.econbiz.de/10008876596
This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But...
Persistent link: https://www.econbiz.de/10011242343
on the rest of the Euro area, which operate through the channel of trade, relative price adjustment, and financial market …
Persistent link: https://www.econbiz.de/10005605373