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Since the early 2000s German exports and net exports have grown persistently, generating huge current account surpluses … exports, the present paper econometrically investigates the determinants of German intra- and extra-EMU exports for the period … 1995 to 2014. The longterm relationship between real exports, foreign activity and the real effective exchange rate is …
Persistent link: https://www.econbiz.de/10011781876
foreign borrowing and lending must systematically pay for its imports in foreign currency through its exports alone, provided … pertaining to exports and foreign borrowing by means of a static deterministic partial equilibrium (SDPE) model, via stability …
Persistent link: https://www.econbiz.de/10014303265
specification is preferred: the volume of exports and imports as a share of lagged total GDP. For this trade measure, a positive and …
Persistent link: https://www.econbiz.de/10009530214
Growth in low-income developing economies with large sectors charac- terized by underemployment is unlikely to be wage-led in the traditional neo-Kaleckian sense of the term. Output and employment in the sectors of the economy producing non-tradable output could be demand-led, how- ever, and...
Persistent link: https://www.econbiz.de/10011522170
This study applies the Balance of Payments Constrained Growth (BPCG) model to India, a large developing country with a relatively low trade to GDP ratio. Rather than assuming similar elasticities of substitution between goods produced in different regions, the study extends the model to relax...
Persistent link: https://www.econbiz.de/10011527418
), the latter relies on net exports as the main driver of aggregate demand. After a short review of the different channels …
Persistent link: https://www.econbiz.de/10011449155
Evidence regarding the relationship between distribution, demand, and growth in the short run has been mixed. Open economy models that create the possibility of "beggar-thy-neighbor" growth offer one theoretical explanation for why this may be expected. Several authors have argued recently,...
Persistent link: https://www.econbiz.de/10011638343
Neo-Kaleckian literature has actively debated whether growth is wage- or profit-led in capitalist economies. However, existing studies tend to ignore the non-tradable sector and heterogeneity within the tradable sector. This paper shows that incorporating these features renders wage-led growth...
Persistent link: https://www.econbiz.de/10010466324
The aim of this paper is to show that concepts such as growth regime, external constraints and financialization, which are very common in many post Keynesian studies on growth, are compatible and complementary, but the conciliation among them requires the use of some concepts of French...
Persistent link: https://www.econbiz.de/10009230692
play depends on the exchange rate and capital account regimes. Exports act as the only exogenous drivers of growth only …
Persistent link: https://www.econbiz.de/10009357188