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Globalization and the sustainability of large current account imbalances: Size matters
Aizenman, Joshua; Sun, Yi - 2007
to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while …This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … and current account/GDP exceed 10%. We investigate the size distribution and the durability of current account deficits …
Persistent link: https://www.econbiz.de/10010285339
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Hobbes and the political economy of power
Wittman, Donald A. (contributor) - 2006
Persistent link: https://www.econbiz.de/10003589927
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Is a lack of a credible commitment a credible explanation for war?
Wittman, Donald - 2007
/capita growth, inflation, financial depth, institution, urban population growth and the real interest rate; a one standard deviation …
Persistent link: https://www.econbiz.de/10010322731
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Relative price levels and current accounts : an exploration
Aizenman, Joshua - 2008
This paper studies the links between current accounts and relative price levels, finding that current account changes are associated with sizable future relative price levels effects. This is done in panel regressions of the Penn effect, adding a lagged current account/GDP and other explanatory...
Persistent link: https://www.econbiz.de/10003854902
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Relative price levels and current accounts : an exploration
Aizenman, Joshua (contributor) - 2008
This paper studies the links between current accounts and relative price levels, finding that current account changes are associated with sizable future relative price levels effects. This is done in panel regressions of the Penn effect, adding a lagged current account/GDP and other explanatory...
Persistent link: https://www.econbiz.de/10003782435
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Current account patterns and national real estate markets
Aizenman, Joshua; Jinjarak, Yothin - 2008
/capita growth, inflation, financial depth, institution, urban population growth and the real interest rate; a one standard deviation …
Persistent link: https://www.econbiz.de/10003854910
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Real estate valuation, current account, and credit growth patterns before and after the 2008 - 2009 crisis
Aizenman, Joshua; Jinjarak, Yothin - 2013
credit growth channels, with the animal-spirits and momentum channels playing the most important role in the boom and bust of …
Persistent link: https://www.econbiz.de/10009771831
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Factor-biased technical change and specialization patterns
Brandt, Jana; Meckl, Jürgen; Savin, Ivan - 2011
We analyze the medium- and long-run effects of international integration of capital markets on specialization patterns of countries. For that purpose, we incorporate induced technical change into a Heckscher-Ohlin model with a continuum of final goods. This provides a comprehensive theory that...
Persistent link: https://www.econbiz.de/10010286419
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Factor-biased technical change and specialization patterns
Brandt, Jana; Meckl, Jürgen; Savin, Ivan - 2011
We analyze the medium- and long-run effects of international integration of capital markets on specialization patterns of countries. For that purpose, we incorporate induced technical change into a Heckscher-Ohlin model with a continuum of final goods. This provides a comprehensive theory that...
Persistent link: https://www.econbiz.de/10008990530
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Diffusion of technology and convergence of income among countries
Oz, Sumru - 2014 - Preliminary version; April 9, 2014
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind … the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic … to the effect of FDI on growth is ambiguous. By applying the approach of Ben-David (1996), which focuses on convergence …
Persistent link: https://www.econbiz.de/10010251655