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Persistent link: https://www.econbiz.de/10009748476
reactions after tax hikes and cuts. Generally, we find that after a reduction in aggregated tax liabilities, imports and exports … in the US and Germany react quite similarly: imports tend to rise; exports do not change much. Consequently and fostered … by growing output—the net-exports-to-GDP ratio decreases. We find no clear net effect in the UK. Instead, UK imports only …
Persistent link: https://www.econbiz.de/10012543684
reactions after tax hikes and cuts. Generally, we find that after a reduction in aggregated tax liabilities, imports and exports … in the US and Germany react quite similarly: imports tend to rise; exports do not change much. Consequently and fostered … by growing output - the net-exports-to-GDP ratio decreases. We find no clear net effect in the UK. Instead, UK imports …
Persistent link: https://www.econbiz.de/10012543168
) using aggregated European exports to the US as an example, showed, that in the long run exports react on exchange rate …-food exports as well. To address this question, I apply a partial sum decomposition approach and the NARDL framework of Shin et al …. (2013) to aggregated agri-food exports as well as to total exports of eleven European countries to the US, which is …
Persistent link: https://www.econbiz.de/10010440554
We write this essay for both lay readers and scientists, though mainstream economists are welcome to enjoy it too. Our subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium. All mainstream economists – as well as many...
Persistent link: https://www.econbiz.de/10012485819
We develope a growth accounting method using the whole neoclassical growth model. We obtain three primary findings from our analysis of the U.S. economy during 1954--2017. First, the efficiency wedges in the entire period accurately account for the evolution of U.S. productivity and labor share....
Persistent link: https://www.econbiz.de/10012832868
Business cycles and economic growth have long been studied separately, hindering understanding of the nature and causes of economic fluctuations and growth. Here, we present an economic model that incorporates both deterministic trends and persistent fluctuations, derived from a general economic...
Persistent link: https://www.econbiz.de/10014430575
This Economic Insight looks at commonly-used measures that are employed to compare the relative economic performance of Canada and the United States. It is based on research undertaken at Statistics Canada aimed at improving information about how and why Canadian and U.S. economic progress differs
Persistent link: https://www.econbiz.de/10014172481
Since 1981, the United States has managed a trade deficit that has become more negative with each passing year. Yet, economic growth has been on a positive trend. Is there a relationship between the two? Using annual data from 1950 to 2014, this article investigates the causal relationship...
Persistent link: https://www.econbiz.de/10012827568
This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...
Persistent link: https://www.econbiz.de/10009161729