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For more than forty years, the gravity equation has been a workhorse for cross-country empirical analyses of international trade flows and, in particular, the effects of free trade agreements (FTAs) on trade flows. However, the gravity equation is subject to the same econometric critique as...
Persistent link: https://www.econbiz.de/10010397684
Financial stability is an important policy objective since crises are associated with big economic, social, and political costs. Promoting stability requires preventing 'sudden stops' in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to the...
Persistent link: https://www.econbiz.de/10010397715
We add the Bernanke-Gertler-Gilchrist model to a world model consisting of the US, the Eurozone and the Rest of the … World in order to explore the causes of the banking crisis. We test the model against linear-detrended data and reestimate …
Persistent link: https://www.econbiz.de/10010397719
The downturn in the world economy following the global banking crisis has left the Chinese economy relatively unscathed …
Persistent link: https://www.econbiz.de/10010397727
We explain a puzzle from two recent meta-analyses that cover 25 countries and claim to show that inputs systematically move from higher-value to lower-value activities despite strong aggregate labor productivity growth (ALP). These papers use variants of the Baily, Hulten and Campbell (1992)...
Persistent link: https://www.econbiz.de/10010397786
The last ten years have seen the growth of linkages between many of the world s cap-and-trade systems for greenhouse … loss of control over domestic carbon policies, which do not appear to have deterred real-world decisions to link. These …
Persistent link: https://www.econbiz.de/10010398417
Barriers to trade in Environmental Goods (EGs) and Environmental Services (ESs) are documented for a large sample of countries and compared with barriers to trade in other goods and other services. Some progress at reduction in barriers has occurred at the national, regional and sectoral levels...
Persistent link: https://www.econbiz.de/10010398424
Die Studie "Ernährung und Wasser" geht der Frage nach, wie sich Angebot und Nachfrage auf den Märkten für Nahrungsmittelrohstoffe bis zum Jahr 2030 entwickeln werden. Zudem werden die historischen Entwicklungen und die zu erwartenden (Preis-)Trends für ausgewählte Nahrungsmittel analysiert....
Persistent link: https://www.econbiz.de/10010420183
Wer zwischen 2001 und 2002 in Schiffe investierte - auf dem Höhepunkt der Aktienmarktkrise - der reibt sich jetzt die Hände. Enorme Gewinne sind angefallen. Seit dem Beitritt der Volksrepublik China (im Folgenden stets VRC) zum allgemeinen Freihandelsabkommen der WTO - eben in jenem Jahr 2001...
Persistent link: https://www.econbiz.de/10010420187
Nach Definition der Brundtland-Kommission ist eine Entwicklung nachhaltig, wenn sie "den Bedürfnissen der heutigen Generation entspricht, ohne die Möglichkeiten künftiger Generationen zu gefährden, ihre eigenen Bedürfnisse zu befriedigen und ihren Lebensstil [frei] zu wählen". Diese...
Persistent link: https://www.econbiz.de/10010420195