Showing 1 - 10 of 30
This paper uses data from the Indonesian manufacturing census in order to uncover the determinants of firm exports over the period 1990-2005. We examine to what extent differences in firm export propensity and intensity are a consequence of firm-level (microeconomic), of place-based...
Persistent link: https://www.econbiz.de/10011084523
This Paper reviews the controversy over China’s exchange rate regime. Placing the issue in the context of the literature on exit strategies, it argues that now is the best time for China to exit from its peg. Moving to a managed float would be in the country’s own interest; it would help the...
Persistent link: https://www.econbiz.de/10005067647
Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between …. The ‘Great Divergence’ between Europe and Asia was already well underway before 1800. …
Persistent link: https://www.econbiz.de/10005666692
This paper argues that the recent Southeast Asian currency crises was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculative...
Persistent link: https://www.econbiz.de/10005124184
Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. We explore how successful this framework has been by looking at the persistence of inflation, as measured by the sum of the coefficients in an autoregressive model for inflation, using a...
Persistent link: https://www.econbiz.de/10008684680
Middle East and North Africa, Asia, and sub-Saharan Africa) between 1870 and 2007. We find that although the roots of rapid …
Persistent link: https://www.econbiz.de/10011083854
Why did substantial parts of Europe abandon the institutionalized churches around 1900? Empirical studies using modern data mostly contradict the traditional view that education was a leading source of the seismic social phenomenon of secularization. We construct a unique panel dataset of...
Persistent link: https://www.econbiz.de/10011083914
Existing theories of pre-emptive war typically predict that the leading country may choose to launch a war on a follower who is catching up, since the follower cannot credibly commit to not use their increased power in the future. But it was Japan who launched a war against the West in 1941, not...
Persistent link: https://www.econbiz.de/10011084262
, such as elections. We collect new data to document the presence of voluntary and social organizations and the history of …
Persistent link: https://www.econbiz.de/10011213313
With increasing sophistication, economists have been estimating gravity equations for five decades. Robust evidence shows that borders and distance impede trade by much more than tariffs or transports costs can explain. We therefore advocate investigation of other sources of resistance, despite...
Persistent link: https://www.econbiz.de/10011145400