Showing 1 - 10 of 5,812
This paper identifies factors associated with takeoff - a sustained period of high growth following a period of stagnation. We examine a panel of 241 stagnation episodesʺ from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...
Persistent link: https://www.econbiz.de/10003855051
This paper presents a new measure of aggregate trade restrictions (MATR) using data from the International Monetary Fund's Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is strongly correlated with existing measures of trade restrictiveness but is more comprehensive in...
Persistent link: https://www.econbiz.de/10014316167
This paper estimates the impact of economic conditions in foreign industries on the filing of antidumping petitions by US industries and the US government’s decision in preliminary and final antidumping investigations. Exploiting cross-country variation in economic shocks in manufacturing, I...
Persistent link: https://www.econbiz.de/10003679753
This paper uses highly detailed, quarterly data for five major industrialized economies to estimate the impact of macroeconomic fluctuations on import protection policies over 1988:Q1 - 2010:Q4. First, estimates on a pre-Great Recession sample of data provide evidence of two key relationships....
Persistent link: https://www.econbiz.de/10009383481
This paper investigates the international spillover effects of U.S. trade protection. Using micro-level data on anti-dumping, countervailing duties, and safeguards, I develop a new measure of U.S. trade policy announcement shocks for the period 1988-2015 that is free of confounding factors....
Persistent link: https://www.econbiz.de/10012292235
In this paper, I test the theory that weak economic conditions in a foreign economy cause cyclical dumping, i.e., the temporary sale of products in a trading partner's economy at a price below average total cost. In order to test this theory, the econometrician would like to have the information...
Persistent link: https://www.econbiz.de/10014221010
Persistent link: https://www.econbiz.de/10009622250
The integration of China into the global economy is one of the most spectacular events in economic history. This paper investigates to what extent this process affects output growth and inflation in the advanced countries. A GVAR model is specified to explore interdependencies between business...
Persistent link: https://www.econbiz.de/10009515006
Ten years ago, the global financial crisis started to unwind in the USA and triggered the greatest recession since … World War II. Although the crisis of 2007-08 was caused in the USA, their economy was not hit so hard in the Great Recession … of 2009 as in Europe, and in particular in the Euro area. The USA also recovered more rapidly and sustained from the …
Persistent link: https://www.econbiz.de/10011720515
In his papers during the lead up to the birth of the European Monetary Union, Obstfeld considered whether the countries forming the EMU were sufficiently similar to survive a single monetary policy--and more importantly, whether they had the capacity to adjust to asymmetric shocks given a single...
Persistent link: https://www.econbiz.de/10014337753