This paper estimates the impact of external demand shocks on real income. We utilize a first order approximation to a … income with respect to foreign shocks can be estimated using high-dimensional statistical techniques. Foreign demand shocks … in complex intermediate and capital goods have large positive impacts on real income, whereas impacts in other sectors …

measures of inclusiveness (income inequality, consumption inequality, wealth inequality, poverty, and unemployment) across … countries at different income levels. Avoiding procyclical macroeconomic policies and mitigating macroeconomic volatility should …

This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …

inflows of external income?the sum of remittances, FDI and general government transfers?from major oil-exporting economies … that real output in the long run is shaped by: (i) oil prices through their impact on external income and in turn on … the hypothesis that a large share of Jordan's output volatility can be associated with fluctuations in net income received …