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between trade and economic activity. Our analysis suggests that during the crisis both world trade and U.S. exports declined …
Persistent link: https://www.econbiz.de/10014043753
Using a panel model of goods exports for 16 OECD economies, we quantify advanced economies' export performance since … shifts in the sectoral composition of world trade and split the real exchange rate into its constituent parts to allow for a …-country variation in export performance …
Persistent link: https://www.econbiz.de/10013018808
Chapter 1. Introduction -- Chapter 2. World Trade Development -- Chapter 3. Development of the World Trade in the …This book examines the development of world trade during the COVID-19 pandemic, also taking international trade between … analyzes the specifications of export items on both sides and the dependence of the Czech Republic on Russia in terms of raw …
Persistent link: https://www.econbiz.de/10014253089
their capacity to invest and import, a significant impact on the rest of the world, so that world trade and output growth … slowed significantly and world commodity markets weakened substantially over the period. This paper looks at the wider … examines some of the major aspects of the Asia crisis, its effects on the world situation and their predictability, assisted by …
Persistent link: https://www.econbiz.de/10012446386
The process of globalization inevitably leads to the rethinking (conceptual reconstruction) of the paradigm of growth and economic development at local, regional, national, European and global level, implicitly on the financial market as a whole. The high challenge, on the one hand, of the...
Persistent link: https://www.econbiz.de/10012865285
This paper introduces a simple methodology to forecast international trade. The main innovation is to calculate non-unitary expenditure elasticities of import demand implied by non-homothetic preferences in the previous year to be further combined with the current change in expenditure to...
Persistent link: https://www.econbiz.de/10013006843
Much attention has been paid to the sharp fall in world trade associated with the economic crisis during the last … to globalisation and the fragmentation of supply chains, world trade will inevitably overshoot the shock in world GDP. We … replicate a very similar multiplier effect on world trade to that currently being experienced. Firstly, we find that, when trade …
Persistent link: https://www.econbiz.de/10013144844
2008Q4-2009Q1 was so severe and synchronized across the world, and also examines the subsequent recovery in global trade …-level can explain a significant proportion of the decline in world imports during the crisis, while declines in the highly …", suggesting that widespread global production chains may have amplified the downturn in world trade and partly explains its high …
Persistent link: https://www.econbiz.de/10009354645
2008Q4-2009Q1 was so severe and synchronized across the world, and also examines the subsequent recovery in global trade … world imports during the crisis, while declines in the highly import-intensive expenditure category of investment also … amplified the downturn in world trade and partly explains its high-degree of synchronisation across the globe. In addition, the …
Persistent link: https://www.econbiz.de/10013315987
real world, yet which has proven difficult to model. The model also inherits the ability of the Holden (2013a) model to …
Persistent link: https://www.econbiz.de/10012956677