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Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will acquire military prowess commensurate with its wealth and...
Persistent link: https://www.econbiz.de/10013226955
Investment liberalizing countries are often concerned that cross-border mergers & acquisitions might have an adverse effect on domestic firms and benefit multinational enterprises (MNEs). Given that domestic assets are sufficiently scarce, we identify a preemption effect and an asset...
Persistent link: https://www.econbiz.de/10005136401
The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …
Persistent link: https://www.econbiz.de/10011985843
The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …
Persistent link: https://www.econbiz.de/10011845329
construction as a driver of China's demand for resource-intensive metal products. Second, it shows that global trade in non …-oil resource commodities can be described by the gravity model of trade. Using this model it is found that, controlling for other … determinants of resource trade, exports (and the manufacturing sector more generally) are a sizeable and significant determinant of …
Persistent link: https://www.econbiz.de/10010875337
This paper describes the sources and methods used to construct the trade matrices of the OECD trade system. It also … provides an overview of the trade relationships between countries, especially individual OECD countries and the main non … sensitivity to shocks that are transmitted through trade.<P>Les relations commerciales dans le système de commerce de l …
Persistent link: https://www.econbiz.de/10008693041
Despite the theoretical relationships proposed regarding exports and output, recent empirical research has found no conclusive support for a causal relationship between exports and output. This paper examines the causal relationship between exports and output using Irish data.
Persistent link: https://www.econbiz.de/10005776272
This paper provides a mainly graphical summary of the trade matrices underlying the OECD’s international macroeconomic … between individual OECD countries and the main non-OECD regions, distinguishing trade in manufactures non-manufactures and non … trade. The sources and methods used to construct the matrices are also described in annexes ... Les relations commerciales …
Persistent link: https://www.econbiz.de/10005045789
. Second, it shows that global trade in non-oil resource commodities can be described by the gravity model of trade. Using this …
Persistent link: https://www.econbiz.de/10008690907
This paper introduces finance or credit in the Dixit-Stiglitz-Krugman (DSK) model of international trade. It identifies … output per variety. Thus, availability of finance will determine a specific trade pattern between richer and poorer nations … mechanisms by which finance can affect the main results of the conventional model. The key results are as follows. Perfect credit …
Persistent link: https://www.econbiz.de/10013353416