The author sheds a light on the overall importance of Germany's recorded service trade, in particular by pointing to the differences of various regions in goods and service trade for Germany. He reveals that German service trade comprises about a fifth of its total trade with no substantial...

Der Autor beleuchtet die Gesamtbedeutung des erfassten deutschen Dienstleistungshandels, indem er insbesondere auf die Unterschiede zwischen den verschiedenen Weltregionen im Waren- und Dienstleistungshandel für Deutschland eingeht. Er zeigt auf, dass der deutsche Dienstleistungshandel etwa ein...

International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been weak over the past decade with the exception of resource-rich countries. Small country size and remoteness from global economic centers may have contributed to this relatively...

This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...

I revisit Reimer (2006), and Trefler and Zhu (2005, 2006) (RTZ) tests of the Vanek proposition in the presence of international differences in production techniques and global production sharing. In this framework, knowing the bilateral details of each country’s input-output structure is key...

This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities....

When does trade become a one-way relationship? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for...