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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 … coefficients explains the recovery in aggregate exports since the GTC well. But at the country level, we do find substantial cross …
Persistent link: https://www.econbiz.de/10013018808
World trade growth was rapid in the two decades prior to the global financial crisis but has halved subsequently. There … world economy. Post the financial crisis global value chains started to unwind and, possibly associated with this, Chinese … global investment, as well as intra-euro area trade, both of which are trade intensive. The slowdown in world trade growth …
Persistent link: https://www.econbiz.de/10011578401
in explaining import demand such as credit conditions and business and consumer sentiment are also included. A panel … result shows the import intensity of exports is the highest among all variables. Alone, however, it does not contribute to a … contractions may have worsened the fall in imports during the 1997/98 Asian financial crisis, while the fall in exports also has an …
Persistent link: https://www.econbiz.de/10009697254
economic activity? Using evidence from a panel dataset of OECD countries over the period 1981-2016, I argue that high household …
Persistent link: https://www.econbiz.de/10012900302
export growth. However, FDI seems to stabilize exports during the crisis while reaping its own benefits in all times …In an integrated world, no country is free from a possible downturn in business cycles, which entails fluctuations of … important policy implications for stability in export growth, and thus to economy.First, an economy more open to FDI is stronger …
Persistent link: https://www.econbiz.de/10013120899
We investigate the impact of European Union (EU) integration on capital flows to prospective new EU member states. Using annual data between 1992 and 2020, our results suggest that although EU integration increased net capital flows before the Global Financial Crisis (GFC), it was not able to...
Persistent link: https://www.econbiz.de/10014247570
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 role in explaining how fast exports fall below the values of the same …
Persistent link: https://www.econbiz.de/10009303944
imports by domestic alternatives, and was stronger for smaller firms' exports …. 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 this trend reversed during the recession. Quantitatively, the effect is …
Persistent link: https://www.econbiz.de/10013010482
substitute imports by domestic alternatives. Quantitatively, our results suggest that the quality composition of exports can … quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with experts quality ratings, we show … that higher quality exports collapsed more dramatically during the recession. This flight from quality was triggered by a …
Persistent link: https://www.econbiz.de/10012988468
world. In the wake of the global crisis, countries must pay close attention to their positioning on the global map of trade … and production and become aware of how they fare relative to competitors and to their past export performance. To which … at the product level since 2005, to compute indicators of export performance stripped of compositional effects. The …
Persistent link: https://www.econbiz.de/10013061100