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international fluctuations. However, discrepancies between theory and data remain. This paper identifies an anomaly related to a …
Persistent link: https://www.econbiz.de/10014588359
Zusammenbruch in den 70er und 80er Jahren mit Hilfe der neoklassischen Theorie zu erklären. Die alte und neue Institutionenökonomik …
Persistent link: https://www.econbiz.de/10014608780
globalization (sustained and higher world demand and strong global competitiveness) is the main cause of global disinflation …
Persistent link: https://www.econbiz.de/10014863262
posseses a first class place in the World economy – both in relative and absolute terms. During the course of the study effort … vs the rest of the developed non‐eurozone world. Indeed, the study tries to defend the eurozone using objective data … against a multitude of gloomy predictions, raised by several world partners, for the performance and the future of the …
Persistent link: https://www.econbiz.de/10014863359
Analyses how the status of balance of payments follows se\ill\ fulfilling expectations of currency devaluation. It is found that before a currency devaluation, whether the economy w\ill\ experience a balance‐of‐payments surplus or deficit crucial depends on the degree of capital mobility.
Persistent link: https://www.econbiz.de/10014863410
unstable in the 1980s, partly as a result of world recession, but also because of structural problems in the tourism industry …
Persistent link: https://www.econbiz.de/10014863436
A switching regression model is employed to test for the presence of financial constraints in the determination of oil exporters′ imports from industrial countries. The main assumption of the model is the exogenous determination of this bloc′s terms of trade. The analysis uses both discrete...
Persistent link: https://www.econbiz.de/10014863843
Purpose – The purpose of this paper is to establish a model to study the determinants of financial flows, portfolio and foreign direct investment (FDI) flows, and the impact of these determinants on economic variables in samples of developing and advanced countries. The analysis then turns to...
Persistent link: https://www.econbiz.de/10014768773
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....
Persistent link: https://www.econbiz.de/10014766341
Purpose – The purpose of this paper is to examine Fritz Machlup's method and use of scenario analysis in the policy discussions around exchange rate solutions to balance of payments problems. Design/methodology/approach – The qualitative research on which this paper is based is the...
Persistent link: https://www.econbiz.de/10014884866