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There is a huge literature on the effects of uncertainty on trade levels. One very strong result of that literature is that uncertainty should not matter, as long as well developed forward markets exist. The empirical implications of this result, however, are hard to find in the data. We model...
Persistent link: https://www.econbiz.de/10001926041
We extend the model of Nishimura and Shimomura (2002) to consider a two-country framework where under autarky indeterminacy arises in one country but determinacy in the other, and show that indeterminacy could be eliminated when trade takes place between the two
Persistent link: https://www.econbiz.de/10012729757
Constant Market Share Analysis (CMSA) is a method which decomposes the variation of market shares of any trader country. The more recent version is proposed by Fagerberg and Sollie (1985) that avoids some limits deriving from previously specifications. After explicating how CMSA works, this note...
Persistent link: https://www.econbiz.de/10011784403
currency war. China is India's largest goods trading partner and India has a whopping trade deficit (US$49 bn in FY15) with …, but the growing trade deficit of India with China is still a concern. This study aims to provide empirical insights on … China on account of rising imports and dismal exports. The recent devaluation of yuan (around 4% in two days, August 11 …
Persistent link: https://www.econbiz.de/10012993206
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As India seeks to strengthen trade, investment and other forms of economic cooperation with ASEAN, Myanmar is an … essential strategic partner, since it is the only ASEAN nation with which India shares both land and maritime borders. As a … "gateway" to South East Asia, Myanmar is also vital in terms of economic development for India's North East Region (NER). India …
Persistent link: https://www.econbiz.de/10012018905
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This paper reexamines the issue of international financial capital mobility, which is today's economic orthodoxy. Discussion is often framed in terms of the impossible trinity. That framing distorts discussion by representing capital mobility as having equal significance with sovereign monetary...
Persistent link: https://www.econbiz.de/10003861621
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10003850514