Showing 1 - 10 of 10,018
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...
Persistent link: https://www.econbiz.de/10013124722
Cross-sectional data show Global North countries export higher quality products at a point in time. Product-level panel data can address if countries improve their export quality over time. The literature has addressed this practically relevant panel question only in small samples over the short...
Persistent link: https://www.econbiz.de/10012628556
In June 2013, the Russian foreign trade key indicators saw an insignificant growth on a year-on-year basis. Growth in exports was determined by increase in physical volumes of exports against falling export prices, whereas growth in imports was governed by increase in import prices against...
Persistent link: https://www.econbiz.de/10013074776
In May 2014, the Russian foreign trade turnover kept growing at a low rate with growth in export and a decrease in import; as a result, the positive surplus of the trade balance increased substantially. In the geographic pattern of the Russian foreign trade, the share of countries of the...
Persistent link: https://www.econbiz.de/10013047536
Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...
Persistent link: https://www.econbiz.de/10013295131
I provide evidence on the impact of foreign competition on firms' propensities to engage in mergers and acquisitions. Using import tariff reductions as exogenous shocks that increase foreign competition, I find that affected firms are more likely to make acquisitions following tariff reductions....
Persistent link: https://www.econbiz.de/10012932562
The last two decades have witnessed a shift in the focus of international trade research from trade policy to other forms of trade frictions (eg, transportation, information and communication costs). Implicit in this development is the widespread view that trade policy no longer matters. We...
Persistent link: https://www.econbiz.de/10014023457
This paper applies a widely-used class of quantitative trade models to evaluate the usefulness of measures of revealed comparative advantage (RCA) in academic and policy analyses. I find that, while commonly-used indexes are generally not consistent with theoretical notions of comparative...
Persistent link: https://www.econbiz.de/10014036714
Trade facilitation policy focuses on accelerated and transparent shipment processing to reduce trade costs. A common measure to evaluate processing frictions is the time it takes to import. In this paper we translate import processing times to costs. Our theory considers that shipment processing...
Persistent link: https://www.econbiz.de/10013219078
In this paper, we estimate the effects of transit systems that substantially streamline administrative processing of trade flows. In so doing, we use a unique dataset that consists of the entire universe of El Salvador's export transactions over the period 2007-2013 and includes information on...
Persistent link: https://www.econbiz.de/10011521273