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We study the influence of the exchange rate on the speed of economic recovery in a sample of 67 developed and developing economies over the years 1989-2019. First, using a cross-sectional sample of 341 economic recoveries, we study the effect of nominal depreciation and real undervaluation on...
Persistent link: https://www.econbiz.de/10013332929
trade. Organisations that monitor international macro-economic development have identified growing protectionism – not least … the same time, the number of international health and safety requirements for food, animal and vegetable products has … measures that liberalise trade. Research shows that protectionist measures affect international trade negatively. There is thus …
Persistent link: https://www.econbiz.de/10013224809
a unique and dominating feature in terms of its range and size in the world economic milieu. Obviously, the cementing … the world) and government expenditure in explaining per capita income convergence in the EU during the period of 1995 … study. Moreover, we are able to show that trade with the world and government expenditure enabled the relatively lower …
Persistent link: https://www.econbiz.de/10012485951
This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect growth through their interaction with...
Persistent link: https://www.econbiz.de/10003778791
The 2008-2009 global recession, which originated in developed economies, has rapidly spilled over worldwide, hitting different economies with various intensity. The Macedonian economy was not an exception - the export sector suffered heavily, expectations deteriorated and household consumption...
Persistent link: https://www.econbiz.de/10011533889
The 2008-2009 global recession, which originated in developed economies, has rapidly spilled over worldwide, hitting different economies with various intensity. The Macedonian economy was not an exception - the export sector suffered heavily, expectations deteriorated and household consumption...
Persistent link: https://www.econbiz.de/10011671841
This paper studies the performance of China's exports during the 2008-2009 financial crisis. It focuses on the speed at which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important...
Persistent link: https://www.econbiz.de/10009303944
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but...
Persistent link: https://www.econbiz.de/10013010482
We explore the heterogeneous effects of the global financial crisis on international trade flows differentiated by …
Persistent link: https://www.econbiz.de/10012988468
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