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The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates

Lane, Philip R.; Milesi-Ferretti, Gian Maria - C.E.P.R. Discussion Papers - 2000

The relationship between international payments and the real exchange rate - the ‘transfer problem’ - is one of the classic questions in international economics. In this paper we use cross-country data on real exchange rates and a newly constructed data set on countries’ net external...

Persistent link: https://www.econbiz.de/10005067388

Savings and investment in developing countries : Granger causality test

Afzal, Mohammad - In: Philippine Review of Economics 44 (2007) 2, pp. 99-110

Additional evidence on savings and investment relationship in developing countries has been provided using conventional … and time-series econometrics techniques. This paper finds no long-run relationship between savings and investment in seven … countries of the sample, which implies increased degree of capital mobility and weakening of savings and investment relationship …

Persistent link: https://www.econbiz.de/10008677442

Current Account Deficits and Capital Flows in East Asia and Latin America : Are the Nineties Different from the Early Eighties?

Milesi-Ferreti, G-M; Razin, A - Foerder Institute for Economic Research, Eitan Berglas … - 1997

A number of East Asian and Latin American countries have beeen the recipients of a large portion of total international capital flows to developing countries, both in the late seventies/early eighties and in the early nineties. These inflows have financed persistent current account imbalances,...

Persistent link: https://www.econbiz.de/10005675429

Capital flows, exchange rate flexibility, and the real exchange rate

Combes, Jean-Louis; Kinda, Tidiane; Plane, Patrick - In: Journal of Macroeconomics 34 (2012) 4, pp. 1034-1043

This paper first analyzes the impact of capital inflows on the real effective exchange rate for a sample of 42 emerging and developing countries over the period 1980–2006. The results from the pooled mean group estimator show that both public and private inflows are associated with an...

Persistent link: https://www.econbiz.de/10010595225

Private Investment and Macroeconomic Environment in the South Pacific Island Countries : A Cross-Country Analysis.

Jayaraman, T-K - Asian Development Bank - 1996

The paper undertakes an empirical investigation of key macroeconomic factors affecting private investment in the South Pacific developing member countries. The study finds that instability in the real exchange rate had a sizeable adverse effect on private investment.

Persistent link: https://www.econbiz.de/10005474959

Trade Libaralisation, Terms of Trade and Skill Formation in a North-South Model

Ghosh, Arabinda; Gupta, Kausik - In: Indian Economic Review 42 (2007) July, pp. 97-109

This paper analyses a North-South model in which the Southern labour market is decomposed into skilled labour and unskilled labour. The skilled labour is an intermediate input produced with capital and unskilled labour. The South is a net receiver of foreign capital from the North. The terms of...

Persistent link: https://www.econbiz.de/10005168538

Prices in trade of the Czech republic with member countries of the European union

Nešvera, Václav - In: Politická ekonomie 2006 (2006) 2, pp. 214-226

Empirical research on the differences between unit values in the EU's trade with the Czech Republic and the intra-EU average has shown a significant changes. The comparative level of manufacturing products imported from the Czech republic has increased, the comparative level of products exported...

Persistent link: https://www.econbiz.de/10005036595

Terms of Trade, Labor Supply and the Current Account

Hsu, Yao-Nan - In: Journal of Economics and Management 11 (2015) 1, pp. 101-126

This paper studies the effect of the terms of trade on labor supply, industrial capital adjustment and the current account in a two-period small open economy in which endogenous labor supply is considered and labor is assumed to be mobile between sectors, given the situation that capital is a...

Persistent link: https://www.econbiz.de/10011206203

The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered

Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - CESifo - 2014

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson...

Persistent link: https://www.econbiz.de/10010877817

The Balassa-Samuelson Effect Reversed: New Evidence from OECD Countries

Gubler, Matthias; Sax, Christoph - Wirtschaftswissenschaftliches Zentrum, Universität Basel - 2011

This paper explores the robustness of the Balassa-Samuelson (BS) hypothesis.We analyze a panel of OECD countries from 1970 to 2008 and compare three different datasets on sectoral productivity, including a newly constructed database on total factor productivity. Overall, our DOLS estimation...

Persistent link: https://www.econbiz.de/10009397219

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