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Foreign deficit and economic policy: The case of Mexico

Huerta González, Arturo - 2024

The article analyzes Mexico under globalization, particularly on the free mobility of capital. It argues that globalization has detrimentally impacted the productive and external sectors, causing the economy to become excessively reliant on volatile capital inflows from abroad. The Mexican...

Persistent link: https://www.econbiz.de/10014581887

Capital's long march west: Saving and investment frictions in Chinese regions

Cudré, Samuel - 2014

While China has been pivotal in discussions and academic research on global imbalances, little is known about … the regional level inside China. We follow up by identifying the drivers of this pattern using the methodology developed … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to …

Persistent link: https://www.econbiz.de/10011282498

China and India: A Tale of Two Trade Integration Approaches

Kowalski, Przemyslaw - 2008

The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals … manufacturing trade, have gone further and that this is likely one of the key determinants of better economic performance of China …. Still, China's integration process so far remains characterized by a certain duality. On the one hand the opening up of …

Persistent link: https://www.econbiz.de/10011807627

Globalization and the sustainability of large current account imbalances: Size matters

Aizenman, Joshua; Sun, Yi - 2007

to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while …

Persistent link: https://www.econbiz.de/10010285339

When is Trade Protection Good for Growth?

Minier, Jenny; Unel, Bulent - Louisiana State University <Baton Rouge, La.> / E. J. … - 2009

The empirical relationship between trade protection and economic growth is surprisinglyfragile, as shown in a number of other papers. After demonstrating this empiricalsensitivity, we address one possible explanation for these findings: that the relationshipis nonlinear. Following the endogenous...

Persistent link: https://www.econbiz.de/10009302530

The Real Exchange Rate and Economic Growth: Some Observations on the Possible Channels

Rapetti, Martín - 2013

A recent body of empirical research has documented a strong association between the level and volatility of the RER and economic growth. This research has relied on a variety of econometric techniques applied to large cross-country data sets. Although the documented positive effects of both RER...

Persistent link: https://www.econbiz.de/10010457024

The real exchange rate and development: Theory, evidence, issues, and challenges

Demir, Firat; Razmi, Arslan - 2020

This paper surveys the theoretical and empirical literature on the effects of the real exchange rate (RER) on international trade, economic development and growth. We summarize the main conceptual issues, discuss the relevance of the RER as an instrument of development policy, provide an...

Persistent link: https://www.econbiz.de/10012388918

Does Free Trade Really Reduce Growth? Further Testing Using the Economic Freedom Index

Berggren, Niclas; Jordahl, Henrik - 2003

While studies of the relationship between economic freedom and economic growth have shown it to be positive, significant and robust, it has rightly been argued that different areas of economic freedom may have quite different effects on growth. Along that line, Carlsson and Lundström (2002)...

Persistent link: https://www.econbiz.de/10010321548

The rise and fall of export-led growth

Palley, Thomas I. - 2011

This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....

Persistent link: https://www.econbiz.de/10010333045

Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma

Aizenman, Joshua; Chinn, Menzie D.; Ito, Hiro - 2011

Using the trilemma indexes developed by Aizenman et al. (2010) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how policy configurations affect macroeconomic...

Persistent link: https://www.econbiz.de/10010331079