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Consumption, Wealth, Stock and Housing Returns : Evidence from Emerging Markets

Caporale, Guglielmo Maria; Sousa, Ricardo M. - 2011

In this paper, we show, using the consumer's budget constraint, that the residuals of the trend relationship among consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for a panel of 31 emerging economies and find that,...

Persistent link: https://www.econbiz.de/10014176822

Economic Crisis, Macroeconomic Policies and External Trade in Sudan

Mohamed, Issam A.W - 2011

Nowadays, Sudan suffers severe financial crisis with the demise of 75% of its oil revenues that represented over 90% of its foreign currency after the secession of its Southern part after a constitutional referendum. The compensatory revenues generating economic sectors are not able in the...

Persistent link: https://www.econbiz.de/10014176927

Exports and Olympic Games : Is there a Signal Effect?

Maennig, Wolfgang; Richter, Felix - 2012

Rose & Spiegel (2011) find that Olympic Games host countries experience significant positive, lasting effects on exports. They interpret their results as an indication that countries use the hosting of such events to signal openness and competitiveness. We challenge these empirical findings on...

Persistent link: https://www.econbiz.de/10014177126

Geography and Trade in Central Asia

Parpiev, Ziyodullo - 2011

This paper documents the steady decline in Central Asia’s intra-regional trade since the mid-1990s, defying the 3-fold …’s test indicates that Central Asia as a whole has little intra-industry trade. Overall trade is found to be mostly of inter …-industry type, driven by natural resource endowment of these countries. We conclude that Central Asia’s trade patterns, particularly …

Persistent link: https://www.econbiz.de/10014179165

Developing Countries, New Trade Barriers, and the Global Economic Crisis

Bown, Chad P.; Kee, Hiau Looi - 2011

This chapter identifies a number of stylized facts regarding the evolving pattern of import protection associated with the global economic crisis of 2008-2009, with a special focus on developing countries. While the major G-20 member economies of the international trading system largely...

Persistent link: https://www.econbiz.de/10014179416

Epidemic Trade

Boerner, Lars; Severgnini, Battista - 2011

This paper studies the spread of the Black Death as a proxy for the flow of medieval trade between 1346 and 1351. The Black Death struck most areas of Europe and the wider Mediterranean. Based on a modified version of the gravity model, we estimate the speed (in kilometers per day) of...

Persistent link: https://www.econbiz.de/10014179480

Japanese Economic Stagnation : Causes and Global Implications

Tyers, Rod - 2012

Despite Japan’s prominence in global finance and trade through the 1980s its global role has appeared to diminish with its recent stagnation and the rise of China. This paper reviews the claimed sources of Japan’s stagnation, including productivity and labour slowdowns, monetary policy in...

Persistent link: https://www.econbiz.de/10014180577

Chinese Trade and Environmental Sustainability : The Potential Imposition of Border Tax Adjustments

Butcher, Bill - 2013

The environmental challenges facing China are well know. Less recognised are the steps China is taking to confront those challenges. The second Trade Policy Review of China, completed by the World Trade Organisation (WTO) Secretariat in April 2008, included an examination of China’s...

Persistent link: https://www.econbiz.de/10014180930

The World Economy at the End of the Millennium

Lal, Deepak - 2000

The paper examines the rise fall and rise of the Liberal International Economic Order over the last 150 years, and critically examines the various hopes and fears in developed and developing countries that this most recent global integration is raising

Persistent link: https://www.econbiz.de/10014181608

The Choice of Structural Model in Trade-Wages Decompositions

Abrego, Lisandro - 1999

This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventional mobile factors Heckscher-Ohlin models typically reveal problems of...

Persistent link: https://www.econbiz.de/10014182697