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This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of … international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960 …-2001. The analysis indicates that a credible fixed peg has a positive impact on the value of bilateral trade. Moreover, the …
Persistent link: https://www.econbiz.de/10005768826
International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared with the logic of factor price equalization in a two-sector model). To resolve the paradoxes, we introduce a non-neoclassical model which...
Persistent link: https://www.econbiz.de/10005768844
aggregate industry level of 96 industries indicating that there is sufficient growth in demand in other industries within these …
Persistent link: https://www.econbiz.de/10005768861
" foreign direct investment, and the empirical literature on trade and growth. Finally we use a numerical simulation model of …
Persistent link: https://www.econbiz.de/10005769071
This paper estimates a gravity model to address the issue of whether intra-Arab trade is too little. Although gravity … models have been extensively used to measure bilateral trade among countries, they have—to the best of our knowledge …—never been used to measure intra-Arab trade. Our results suggest that intra-Arab trade and Arab trade with the rest of the world …
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