; economic development …

international trade, economic development and growth. We summarize the main conceptual issues, discuss the relevance of the RER as … an instrument of development policy, provide an overview of the macroeconomic and microeconomic mechanisms that link the … RER to trade and long run growth and development, analyze the challenges - especially the disconnect between theory and …

This paper quantifies how much of exports from eight East Asian economies were consumed by consumers in China, US … firm-level database is utilised to get an accurate measure for such indirect exports. The main findings are: (i) US … Asia that were consumed by the US, Japan, other OECD countries, and China did not change drastically from 2000 to 2006 …

model so as to reduce its vulnerability to a sharp slowdown in the US economy. This paper argues that, indeed, in the … foreseeable future, East Asia's business cycle is unlikely to decouple with that of the US, but the switch …

local currency, and as its importance in Turkey has recently become high, the dependency of the economy on foreign exchange … import demand in the short run. This empirical finding makes us particularly sceptical regarding the positive effects of …

wisdom, price elasticities are not significantly negative for these countries. …

This paper contrasts the poor performance of African economies over the past 30 years with the remarkable development … of the lagging development of African countries. Sound macroeconomic policies and structural reforms to foster capital …