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IMPACTS OF EXHCHANGE RATE ON TERMS OF TRADE AND VOLUME OF TRADE
Lee, Young-Jae; Kennedy, P. Lynn - 2009
Direct and indirect effects of exchange rates on foreign and home prices may induce a change in terms of trade and volume of trade. In particular, the price effect in substitutability between foreign and home products and endogeneity of the foreign price provide evidence for the indirect impact...
Persistent link: https://www.econbiz.de/10009445817
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Terms of trade movements and the global economic crisis: Implications for the Asia-Pacific region
Bloch, Harry; Sapsford, D. - 2009
Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade of individual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...
Persistent link: https://www.econbiz.de/10009434784
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THE EFFECT OF ARMINGTON STRUCTURE ON WELFARE EVALUATIONS IN GLOBAL CGE-MODELS
Kerkela, Leena - 2008
In this paper, the welfare results in trade liberalisation scenarios in global CGE models (like GTAP)are analysed. The default modeling strategy in trade is the Armington assumption with bilateral tradeflows in industries. The negative terms of trade effects that often dominate the negative...
Persistent link: https://www.econbiz.de/10009443257
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Exploring the Robustness of the Balance of Payments- Constrained Growth Idea in a Multiple Good Framework
Razmi, Arslan - 2009
This paper derives the balance of payments-constrained growth (BPCG) model as a special case of a three good framework that incorporates ex- portables, importables, and non-tradables. The conditions under which the canonical form of the BPCG rate can be derived are made explicit and the...
Persistent link: https://www.econbiz.de/10009468016
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The Effects of Export-Oriented, FDI-Friendly Policies on the Balance of Payments in a Developing Economy: A General Equilibrium Investigation
Razmi, Arslan - 2005
Many developing countries have adopted investor-friendly policies in recent years in order to attract export … consists of: (i) a non-tradable goods sector and (ii) an export processing zone (EPZ) that hosts transnational corporations …
Persistent link: https://www.econbiz.de/10009468023
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PRIVATE SAVINGS IN TRANSITION ECONOMIES: ARE THERE TERMS OF TRADE SHOCKS?
Chowdhury, Abdur R. - 2003
which are more pronounced during bad state of nature. Thus, adverse shocks to commodity prices in the world market can force …
Persistent link: https://www.econbiz.de/10009477481
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Neighborhood effects in economic growth
Vilarrubia Tapia, Josep M. - 2006
One of the most striking features of the world economy is that wealthy countries are clustered together. This paper …
Persistent link: https://www.econbiz.de/10012530139
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International financial flows, real exchange rates and cross-border insurance
Viani, Francesca - 2010
La pregunta de si la integración internacional de los mercados financieros ha aumentado la cobertura del riesgo a nivel global o no, sigue siendo un tema controvertido en la literatura. Si fuera así, ¿qué deberíamos observar en los datos? La literatura enfatiza que una diversificación...
Persistent link: https://www.econbiz.de/10012530323
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Traded and nontraded good prices, and international risk sharing : an empirical investigation
Corsetti, Giancarlo; Dedola, Luca; Viani, Francesca - 2012
with the data. One features strong Balassa-Samuelson effects on nontradable prices due to productivity gains in the …
Persistent link: https://www.econbiz.de/10012530405
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External Contradictions of the Chinese Development Model: Export-led Growth and the Dangers of Global Economic Contraction
Palley, Thomas I. - 2006
global manufacturing powerhouse, and its size now renders its export-led growth strategy unsustainable. China relies on the U … transition from export-led growth to domestic demand-led growth. This requires growing the economy’s demand side as well as its … and improve income distribution. Under export-led growth, higher wages undermine employment. Under domestic demand …
Persistent link: https://www.econbiz.de/10009468218