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Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...
Persistent link: https://www.econbiz.de/10010221275
Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...
Persistent link: https://www.econbiz.de/10010487256
Persistent link: https://www.econbiz.de/10010503981
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are the only source of investment because of the demographic structure of the overlapping generations model. This result …
Persistent link: https://www.econbiz.de/10011668997
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How does export liberalization affect firm location choice and the spatial concentration of economic activity? We … address these questions using the geo-coordinates of Chinese manufacturing firms and find that export widens inter-city and … by the extensive margin. Third, the above effects are not exclusive to industries directly exposed to export shocks but …
Persistent link: https://www.econbiz.de/10014495900