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The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …
Persistent link: https://www.econbiz.de/10011845329
questions about the future stability of EMU. -- output synchronisation ; trade intensity ; endogeneity ; European Monetary Union …
Persistent link: https://www.econbiz.de/10009724042
We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach … combines the uncertainty shock idea of Bloom (2009) with a model of trade, extending the idea to the open economy. Firms import … international trade flows than in domestic activity. We confront the model with newly-compiled U.S. import data and industrial …
Persistent link: https://www.econbiz.de/10010484416
large: up to nine percentage points difference in trade performance can be explained by the quality composition of exports …
Persistent link: https://www.econbiz.de/10011384454
This article documents the Great Trade Collapse of 2008-09, as well as the dramatic recovery in trade of 2009-10. The … authors consider how three distinct policy actions - fiscal stimulus, funding for trade finance, and a commitment to refrain … from increasing trade barriers - might have affected both the collapse and recovery …
Persistent link: https://www.econbiz.de/10013124722
This paper explores the dynamic relations between the Romanian exports and imports using monthly data from January 2005 to March 2009. We test the cointegration and causality between the two variables. The results of Engle-Granger, Johansen and cointegration tests are ambiguous while the...
Persistent link: https://www.econbiz.de/10013099062
, liberalization of the Russian trade regime due to the above factor and appreciation of the ruble contributed to growth in purchases …
Persistent link: https://www.econbiz.de/10013082651
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...
Persistent link: https://www.econbiz.de/10013083873
In December 2012, the Russian foreign trade was carried out in a situation of stabilized prices on the main export … domestic producers in a situation where Russia is a member of the World Trade Organization (WTO) …
Persistent link: https://www.econbiz.de/10013084782
In November 2012, the negative dynamics of Russia's main foreign trade indices was observed, which situation reflects a … drop both in domestic and external demand. Having become a full member of the World Trade Organization, Russia has started …
Persistent link: https://www.econbiz.de/10013086025