Showing 1 - 10 of 237
This study analyzes the impact of the North American Free Trade Agreement (NAFTA) on the trade between Mexico and the U ….S. NAFTA was signed by the U.S., Canada and Mexico on 17 December 1992 and took effect on 1 January 1994. This research found … that NAFTA led to a significant increase in U.S. imports from Mexico, did not affect U.S. exports to Mexico, and led to a …
Persistent link: https://www.econbiz.de/10014766341
Capital account liberalization, it is fair to say, remains one of the most controversial and least understood policies of our day. One reason is that different theoretical perspectives have very different implications for the desirability of liberalizing capital flows. Another is that empirical...
Persistent link: https://www.econbiz.de/10015360301
) effect on FDI flows into Mexico is much larger than its effect on flows into the United States. These cross-country results … are used to assess NAFTA’s effect on FDI flows into Mexico. After controlling for a set of other factors—such as an …
Persistent link: https://www.econbiz.de/10015360510
Thomas Grennes’s letter criticizing my article, "The Unsustainability of the US Trade Deficit," fails to distinguish between the trade deficit and the current account deficit, and therefore does not respond to my argument.
Persistent link: https://www.econbiz.de/10014591498
Discusses a number of issues put forward by the other authors in this volume. In particular considers the potential role of real interest rates in unemployment models, the importance of the trade balance and related constraints in open economy models and the uniqueness and stability of...
Persistent link: https://www.econbiz.de/10014863425
Purpose – Previous research that investigated the effects of currency depreciation on the trade balance assumed that the adjustment of all variables in a given model is in linear fashion. The authors wonder if introduction of nonlinearity in the adjustment of some variables such as the...
Persistent link: https://www.econbiz.de/10014864094
Purpose – The purpose of this paper is to examine the J -Curve effect in Turkey at the industry level. Design/methodology/approach – In order to find the long-run and short-run effects, 58 industries (by Standard International Trade Classification Rev.3) have been identified by using monthly...
Persistent link: https://www.econbiz.de/10014864445
Abstract Almost all countries face the problems of trade balance, although they are more inherent in developing countries and economies in transition. A majority of economists adhere to a common opinion that real depreciation may lead to an improvement of trade balance. That said, countries...
Persistent link: https://www.econbiz.de/10014619348
Purpose This study aims to examine the asymmetric S-curve between the trade balances of Pakistan and China at the commodity level using disaggregated data. Design/methodology/approach This study focuses on Pakistan and China bilateral trade based on commodity-level data. This study delves into...
Persistent link: https://www.econbiz.de/10015349304
Purpose – Exchange rate regime decisively impacts key policy objectives such as financial stability, inflation control, etc. The purpose of this paper is to overview the evolution of exchange rate regimes spanning 12 nations in the Latin American region over the last two decades and estimate...
Persistent link: https://www.econbiz.de/10014866882