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Chinese Currency Controversies
Eichengreen, Barry - C.E.P.R. Discussion Papers - 2004
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
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Was Stalin Necessary for Russia’s Economic Development?
Cheremukhin, Anton; Golosov, Mikhail; Guriev, Sergei; … - C.E.P.R. Discussion Papers - 2013
This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial economy through the lens of a two-sector neoclassical growth model. We construct a large dataset that covers Soviet Russia during 1928-1940 and Tsarist Russia during 1885-1913. We use a...
Persistent link: https://www.econbiz.de/10011083670
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Structural Change in a Multi-Sector Model of Growth
Ngai, Liwa Rachel; Pissarides, Christopher - C.E.P.R. Discussion Papers - 2004
We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of structural change, characterized by sectoral labour reallocation, and constant aggregate growth path. The conditions are weak restrictions on the...
Persistent link: https://www.econbiz.de/10005067564
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Competition, Complementarity and Contagion in East Asia
Diwan, Ishac; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1999
This paper explores to what extent the magnitude and speed of the contagion effects that materialized in East Asia in … with each other on world markets; or, to the contrary that Asia is best regarded as an integrated economy with countries …
Persistent link: https://www.econbiz.de/10005661909
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Exports and Information Spillovers
Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2000
information spillovers across markets on the export patterns of four developing countries (Egypt, Korea, Malaysia and Tunisia). A …
Persistent link: https://www.econbiz.de/10005497848
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How Trade Credits Foster International Trade
Eck, Katharina; Engemann, Martina; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2012
Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...
Persistent link: https://www.econbiz.de/10011083260
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Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009
This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages that may have allowed the crisis to spread across...
Persistent link: https://www.econbiz.de/10008528523
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Why do within firm-product export prices differ across markets?
Görg, Holger; Halpern, László; Muraközy, Balázs - C.E.P.R. Discussion Papers - 2010
In this paper we analyse the relationship between gravity variables and f.o.b. export unit values using Hungarian firm …-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for … relationship between unit values and market size. We propose two possible explanations: first, firms may export different quality …
Persistent link: https://www.econbiz.de/10008530371
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An Anatomy of International Trade: Evidence from French Firms
Eaton, Jonathan; Kortum, Samuel S; Kramarz, Francis - C.E.P.R. Discussion Papers - 2009
adopt a model of firm heterogeneity and export participation which we estimate to match moments of the French data using the …
Persistent link: https://www.econbiz.de/10005124187
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Financial constraints and innovation: Why poor countries don't catch up
Gorodnichenko, Yuriy; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2010
level of income and export intensity. Specifically, the paper investigates theoretically and empirically how financial … constraints affect a firm's innovation and export activities. Theoretical predictions are tested using unique firm survey data … constraints strongly adversely affect the ability of domestically owned firms to innovate and to export and hence to catch up to …
Persistent link: https://www.econbiz.de/10008468676