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Financial constraints and exports : evidence from Portuguese manufacturing firms

Silva, Armando - In: International journal of economic sciences and applied … 4 (2011) 3, pp. 7-19

This paper analyses the links between financial constraints and firm export behaviour, at the firm level, by using data on Portuguese manufacturing enterprises. Previous empirical literature has not yet reached a consensus on these subjects and there is a great heterogeneity in measuring...

Persistent link: https://www.econbiz.de/10009958085

NAFTA's trade effects : new evidence with a gravity model

Montenegro, Claudio E.; Soloaga, Isidro - In: Estudios de economía 33 (2006) 1, pp. 45-63

) trade flows. Using a traditional gravity-equation framework, we try to see to what extent the bilateral trade flows between … the US and different countries differ from a gravity-type specification. By incorporating a series of dummy variables into … Mexico nor with other countries in the world (with the exception of CACM). -- NAFTA ; gravity model ; trade diversion ; fixed …

Persistent link: https://www.econbiz.de/10009959068

Irrelevance of competitive advantage for the benefits of international trade

Siggel, Eckhard - In: The open economics journal 5 (2012), pp. 15-20

International competitiveness is often regarded as crucial for the attainment of gains from trade, which may lead policy makers to subsidize exports. This view is based on confusion between the concepts of competitive and comparative advantage. The paper argues that when comparative advantage is...

Persistent link: https://www.econbiz.de/10010080135

Irrelevance of competitive advantage for the benefits of international trade

Siggel, Eckhard - In: The open economics journal 5 (2012), pp. 15-20

Persistent link: https://www.econbiz.de/10010080136

El efecto de China en el comercio internacional de América Latina

Montenegro, Claudio E.; Pereira, Mariana; Soloaga, Isidro - In: Estudios de economía 38 (2011) 2, pp. 341-368

Using a gravity model, this article presents an analysis of aggregate trade flows aimed at identifying China’s impact … Cone countries. -- bilateral trade ; gravity model ; poisson regression ; China ; Latin America …

Persistent link: https://www.econbiz.de/10010049046

Foreign direct investment and export decision relationship in the large Turkish firms

Atici, Gonca; Gursoy, Guner - In: Journal of applied finance & banking 2 (2012) 4, pp. 167-184

Foreign direct investment (FDI) attracts more appeal than ever for Turkey with a high current account deficit. In firm level, incoming FDI has effects on various factors in which we mainly focus on export decision. In this respect, we explore large Turkish firms in order to reveal the...

Persistent link: https://www.econbiz.de/10010058672

A time-varying parameter vector autoregression model for forecasting emerging market exchange rates

Kumar, Manish - In: International journal of economic sciences and applied … 3 (2010) 2, pp. 21-39

In this study, a vector autoregression (VAR) model with time-varying parameters (TVP) to predict the daily Indian rupee (INR)/US dollar (USD) exchange rates for the Indian economy is developed. The method is based on characterization of the TVP as an optimal control problem. The methodology is a...

Persistent link: https://www.econbiz.de/10009958060

Volatility shifts and persistence in variance : evidence from the sector indices of Istanbul Stock Exchange

Çağlı, Efe Çağlar; Mandacı, Pınar Evrim; … - In: International journal of economic sciences and applied … 4 (2011) 3, pp. 119-140

This study examines the impact of volatility shifts on volatility persistence for three major sector indices of Istanbul Stock Exchange (ISE) and ISE National 100 index over the period beginning from 1997 and ending in 2009. The exponential generalized autoregressive conditional...

Persistent link: https://www.econbiz.de/10009958079

On the importance of the arrival of new information

Chumacero, Rómulo A. - In: Estudios de economía 37 (2010) 2, pp. 207-215

This paper develops a framework for evaluating the importance of the arrival of new information for forecasting, estimation, and decision making. By fusing known and recently developed statistical tests and concepts, the paper provides guidelines for detecting outliers, influential observations,...

Persistent link: https://www.econbiz.de/10009959113

Modeling stock market indexes with copula functions

Leśkow, Jacek; Mokrzycka, Justyna; Krawiec, Kamil - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 2, pp. 1-16

Contemporary financial risk management is significantly based on the analysis of time series of returns. One of the most significant errors frequently committed by analysts is the predominant use of normal distributions when it is clear that the returns are not normal. Copula models and models...

Persistent link: https://www.econbiz.de/10009959716