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countries are proposed, namely the US, Japan, and China and hence, to an extent the analysis does indicate the relative …
Persistent link: https://www.econbiz.de/10013128278
Sectoral data features (i) changing relative expenditures of different sectors, (ii) non-constancy in relative prices and (iii) long-run trends in relative TFP growth rates across sectors. We provide a tractable theory of industry directed technical change, which is able to reconcile these...
Persistent link: https://www.econbiz.de/10009761752
proposed, and is shown to be robust to the choice of the underlying distribution. Using Monte Carlo techniques, the proposed …
Persistent link: https://www.econbiz.de/10011549388
This article is an analysis of the four world superpowers (China, EU-27, USA and Japan) trade with the high …
Persistent link: https://www.econbiz.de/10011145122
This article is an analysis of the four world superpowers (China, EU-27, USA and Japan) trade with the high …
Persistent link: https://www.econbiz.de/10011145147
effects in the same way. On the other hand, result from the dynamic analysis, shows that China contributes highest shock … transmission is found to be highest. The dominance of China in the real sector implies the possibility of business cycle … synchronization in the region, especially if China is triggered; however, the insignificance currency-shock transmission between China …
Persistent link: https://www.econbiz.de/10011988790
effects in the same way. On the other hand, result from the dynamic analysis, shows that China contributes highest shock … transmission is found to be highest. The dominance of China in the real sector implies the possibility of business cycle … synchronization in the region, especially if China is triggered; however, the insignificance currency-shock transmission between China …
Persistent link: https://www.econbiz.de/10011886554
Intense US-China commercial rivalry is quantified in this paper with novel non-parametric relative resistance … sufficient statistics. The accounting method minimizes the demand specification error variance in revealed resistances. China …'s manufacturing seller incidence falls (seller price rises) 7.6% yearly as China's sales share quadruples over 2000-14. US seller …
Persistent link: https://www.econbiz.de/10014576571
China's trade surplus with the U.S. is now more than a quarter of the U.S. trade deficit and, with China growing faster … trajectory. The novelty derives from two features of underdevelopment shaping trade between backward economies like China and … advanced economies like the U.S. First, the initial comparative disadvantages in China are an artifact of the uneven technical …
Persistent link: https://www.econbiz.de/10014063512
The author argues that the economic benefits of low gasoline prices for the U.S. economy have fallen substantially since the reemergence of America as a major oil producer. The old rule-ofthumb that a 10% fall in the oil price raises inflation-adjusted U.S. GDP by 0.2% is too large - the impact...
Persistent link: https://www.econbiz.de/10011289074