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The WTO has revised downward the forecast of growth in the global trade volume. In January-July 2013, the foreign trade turnover of the Russian Federation decreased due to a drop in export supplies. From October 2, 2013, Rosselkhoznadzor introduced temporary restrictions on supplies to Russia of...
Persistent link: https://www.econbiz.de/10013073674
How exporters choose currency for their exports? Using highly disaggregated data on the population of Russian Federation exporting firms between 2005 and 2009 this paper studies the strategic determinants of currency invoicing decisions. Strategic morives embrace two occurrences in currency...
Persistent link: https://www.econbiz.de/10013011644
World trade growth rates have significantly slowed: in 2015, the volume of world trade went up by 2.8% and according to …
Persistent link: https://www.econbiz.de/10012986096
This research paper provides a causality assessment on the linkage between declines in world trade finance and the … world trade collapse in the period following the Financial Crisis of 2008 and 2009 as well as the ensuing global trade … slowdown. The paper performs Granger Causality tests on two time series: World trade (volume data acquired from the CPB World …
Persistent link: https://www.econbiz.de/10012925677
-learning algorithms for the world and 40 large economies shows that forecasts based on linear regressions often outperform those based on …
Persistent link: https://www.econbiz.de/10013252036
Protectionist sentiments have been rising globally in recent years. The consequences of a surge in protectionist measures present policy challenges for emerging markets (EMs), which have become increasingly exposed to global trade. This paper serves two main purposes. First, we collect several...
Persistent link: https://www.econbiz.de/10014048845
Persistent link: https://www.econbiz.de/10015045290
International competitiveness is often regarded as crucial for the attainment of gains from trade, which may lead policy makers to subsidize exports. This view is based on confusion between the concepts of competitive and comparative advantage. The paper argues that when comparative advantage is...
Persistent link: https://www.econbiz.de/10009703853
This paper explores export competitiveness from the perspectives of Revealed Comparative Advantage (RCA) initiated by Balassa (1965) using trade statistics between 2010 and 2015 under HS code. It is to examine which commodities or industries Myanmar has gained RCA in over 6 years and how these...
Persistent link: https://www.econbiz.de/10012956940
I propose a method of moments estimator of revealed comparative advantage based on a flexible specification of trade flows that is consistent with a large class of gravity models of international trade. I show that this estimator has many desirable properties. It is theoretically consistent with...
Persistent link: https://www.econbiz.de/10012961971