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countries between 1990 and 1999. It is shown that intraindustry trade actually causes the convergence of business cycles, while … there is no direct relation between business cycles and bilateral trade intensity. As far as intraindustry trade is … positively correlated with trade, the OCA endogeneity hypothesis is confirmed, although the argumentation follows Krugman (1993 …
Persistent link: https://www.econbiz.de/10005163392
A striking feature of U.S. trade is that both imports and exports are heavily concentrated in capital goods and … of trade flows and the sectoral composition of U.S. expenditure, and simply posit import and exports as depending on an … account of the expenditure composition of U.S. trade in an empirically-realistic way yields implications for the responses of …
Persistent link: https://www.econbiz.de/10005051267
though trade and financial flows do not really increase correlations of business cycles between China and OECD countries …
Persistent link: https://www.econbiz.de/10005190677
commodity trade and capital mobility. We show that consumption smoothing, which comes with the opening of the capital market …
Persistent link: https://www.econbiz.de/10005497815
The object of this study is to assess the role of trade structure and firms pricing behaviour in the transmission of … bilateral trade within a region, can actually limit the extent of beggar-thy neighbour effects while the opposite applies to the … trade integration with the EU might suggest that these countries, which significantly trade also with non EU countries …
Persistent link: https://www.econbiz.de/10005449515
-industry trade, but has no direct relation between business cycles and bilateral trade intensity. As far as intra-industry trade is … positively correlated with trade intensities, this result confirms the OCA endogeneity hypothesis. The endogeneity of OCA linkage …
Persistent link: https://www.econbiz.de/10005419617
of a severe terms-of-trade shock. We demonstrate that the degree of flexibility reulting from these reallocative effects …
Persistent link: https://www.econbiz.de/10005741359
We estimate the euro effect on Irish export patterns using a panel of industry data over the period 1993-2004. Our innovation is to account for country and industry specific omitted trending variables bias. We find that the euro effect on Irish exports to the euro area countries relative to the...
Persistent link: https://www.econbiz.de/10005581257
of a severe terms-of-trade shock. We demonstrate that the degree of flexibility reulting from these reallocative effects …
Persistent link: https://www.econbiz.de/10005618809
A sticky-price model is used to motivate a structural VAR analysis of the current account and the real exchange rate for seven major industrialized countries (the US, Canada, the UK, Japan, Germany, France, and Italy). The analysis is distinguished from previous work in that it adopts minimal...
Persistent link: https://www.econbiz.de/10005641212