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Two-country applications of equilibrium business cycle methodology have succeeded in matching some key features of international fluctuations. However, discrepancies between theory and data remain. This paper identifies an anomaly related to a basic property of typical models: The prediction of...
Persistent link: https://www.econbiz.de/10014588359
The LINKAGE model of the global economy and the latest Global Trade Analysis Project (GTAP) database (version 6.05) are used to examine the impact of current merchandise trade barriers and agricultural subsidies and possible reform outcomes of the World Trade Organization’s (WTO’s) Doha...
Persistent link: https://www.econbiz.de/10015360524
The way out of the quagmire, he argued, was for econometricians to explore larger regions of "specification space," systematically analyzing the relationship between assumptions and conclusions. Their evidence: the statistical significance in crosscountry panel growth regressions of an...
Persistent link: https://www.econbiz.de/10015360546
The Structural Determinants of External Vulnerability Norman V. Loayza and Claudio Raddatz This article examines empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact of terms of trade shocks on aggregate output....
Persistent link: https://www.econbiz.de/10015360560
Many trade negotiations involve large cuts in high tariffs, while allowing smaller cuts for an agreed share of politically sensitive products. The effects of these flexibilities on market access opportunities are difficult to predict, creating particular problems for developing countries in...
Persistent link: https://www.econbiz.de/10015360622
A unilateral trade reform generates two opposite effects: market access expansion and strengthening of competitive pressures in the liberalized market. Using detailed trade and firm-level data from France, we investigate how French firms' product scope and export sales changed after Chinese...
Persistent link: https://www.econbiz.de/10015360668
Discusses changes in management practice and its educational base in Central and Eastern Europe as moves are made from the centrally planned economy to a market one. The business school system is seen as an attractive pattern to follow in Hungarian business and management education at university...
Persistent link: https://www.econbiz.de/10014883024
Zusammenfassung Dieser Beitrag liefert einen Uberblick über die Bedeutung asymmetrischer makroökonomischer Strukturen in den EWU Mitgliedsländern für die einheitliche Geldpolitik. Zunächst wird im Rahmen eines Modells illustriert, welche grundsätzliche Bedeutung asymmetrischen...
Persistent link: https://www.econbiz.de/10014608865
. Es erweist sich, dass die Divergenz in den Wachstumsraten der USA und der EU seit 1997 fast zur Gänze auf …
Persistent link: https://www.econbiz.de/10014609054
Purpose – The purpose of this paper is to examine the factors affecting the relative variability in farm and off‐farm income for Canadian farm operators. Design/methodology/approach – Variability of farm and off‐farm income is analyzed using a dataset of 17,000 farm operators from 2001...
Persistent link: https://www.econbiz.de/10014667132