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We study the influence of the exchange rate on the speed of economic recovery in a sample of 67 developed and developing economies over the years 1989-2019. First, using a cross-sectional sample of 341 economic recoveries, we study the effect of nominal depreciation and real undervaluation on...
Persistent link: https://www.econbiz.de/10013332929
This paper explores the effect of financial development on the duration of economic recoveries, considering a sample of 414 economic recoveries observed in 67 countries during the period 1989-2019. We define the duration of economic recovery, as the time it takes the economy to return to its...
Persistent link: https://www.econbiz.de/10013474579
The notion that international trade is the foundation of economic growth dates long back, and even now, an irresistible … body of literature confirms a strong and positive link between trade openness and economic growth. However, most of these … relationship between trade liberalization and economic growth in Afghanistan, using biannual data for the period 1995–2016, and …
Persistent link: https://www.econbiz.de/10013306001
Studies (wiiw) and the Austrian Federal Economic Chamber held a one-day workshop entitled “International Trade & Domestic …
Persistent link: https://www.econbiz.de/10005839447
What is the impact of movement towards free trade on output? Can this impact permanently affect output levels, and more … of their trade. The model developed here emphasizes the role that knowledge spillovers emanating from heightened trade …
Persistent link: https://www.econbiz.de/10005666425
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade … preferences but differ on their assumptions about trade frictions. By comparing the predictions of these models against each other …, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …
Persistent link: https://www.econbiz.de/10005666914
This paper argues that developing economies may face a trade-off between specializaing according to existing …
Persistent link: https://www.econbiz.de/10005730322
Developing Asia has traditionally relied on exports to the United States (US) and other industrialized countries for demand and growth. As a result, the collapse of exports to the US and other industrialized countries during the global financial and economic crisis has sharply curtailed gross...
Persistent link: https://www.econbiz.de/10013142887
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade … preferences but differ on their assumptions about trade frictions. By comparing the predictions of these models against each other …, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …
Persistent link: https://www.econbiz.de/10005707953
This paper looks at the importance of the terms of trade for the New Zealand economy by examining the impact of changes … in the trend and volatility of the terms of trade on economic growth. It is found that the volatility in the terms of … trade has had a negative impact on New Zealand’s economic growth between 1950 and 2005. However, it is found that rather …
Persistent link: https://www.econbiz.de/10005176936