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interpretation and includes the application of the following econometric tools: Panel unit root test, Fisher -Johansen cointegration … test, application of the panel vector error correction model (PVECM) and the Wald test statistics. The results of PVECM …
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This paper studies the characteristics of departures from monetary unions. During the post-war period, almost seventy distinct countries or territories have left a currency union, while over sixty have remained continuously in currency unions. I compare countries leaving currency unions to those...
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This Paper estimates the effect on international trade of multilateral trade agreements: the World Trade Organization … (WTO), its predecessor the Generalized Agreement on Tariffs and Trade (GATT), and the Generalized System of Preferences … (GSP) extended from rich countries to developing countries. I use a standard ‘gravity’ model of bilateral merchandise trade …
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