"Is China's demand for resources driven predominantly by domestic factors or by global demand for its exports? The answer to this question is important for many resource-exporting countries, such as Australia, Brazil, Canada and India. This paper provides evidence that China's (mainly...

This paper investigates import demand in East Asia. Estimating exchange rate elasticities for countries in the region is difficult because many imports are used to produce goods for re-export. An exchange rate appreciation that reduces East Asian exports will also reduce the demand for imported...

In den vergangenen 15 Jahren hat Deutschland seine internationalen Handelsverflechtungen nochmals intensiviert. Dabei haben die traditionellen Handelspartner in Westeuropa an Bedeutung verloren, während die Länder Mittel- und Osteuropas sowie China stark an Bedeutung gewonnen haben. Inzwischen...

Das Wachstum zieht wieder an. Hat die deutsche Wirtschaft damit die Krise überwunden und ist auf gutem Weg zu einem stabilen Wachstumspfad? Richtig ist, dass in der Krise wirtschaftspolitisch erfolgreich agiert wurde. Die Konjunkturprogramme kamen zwar spät, waren aber effektiv. Der...

We develop a structural econometric model of import demand for Pakistan, with binding foreign exchange constraint. ARDL and DOLS techniques are used to estimate the log-run coefficients of price and income elasticities. The empirical results from ARDL bound testing approach and Johansen’s...

This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth in the presence of loss aversion and habit formation. The representative agent's preferences for consumption can be gradually varied between the standard constant intertemporal elasticity of substitution (CIES) case and...

We examine a generalized version of Flam and Helpmanacirc;euro;TMs (1987) model of vertical differentiation that maps cross-country differences in income distributions to variations in import variety and price distributions. The theoretical predictions are examined and confirmed using micro data...