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Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is no longer accurate. In the post-war era, protectionism has not actually moved...
Persistent link: https://www.econbiz.de/10011083599
by international trade linkages than to countries in similar macroeconomic circumstances. …
Persistent link: https://www.econbiz.de/10005791892
business cycles are correlated with those of the other countries. But international trade patterns and international business …, inter alia, the intensity or trade with other potential members of the currency union, and the extent to which domestic … close trade links tend to have more tightly correlated business cycles. It follows that countries are more likely to satisfy …
Persistent link: https://www.econbiz.de/10005792116
Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages … are both national (such as equity market run-ups that preceded the crisis) and, critically, international financial and … exports to the United States is exposed to an American downturn through a real channel. Despite the fact that we use a wide …
Persistent link: https://www.econbiz.de/10008528523
China's size, rapid growth, external openness, and trade performance have led to varying perceptions among the …
Persistent link: https://www.econbiz.de/10010772418
Total Western Hemisphere exports to the world fell by over 6 percent in 2002, continuing the decline recorded in 2001 … but at a lower rate. The international recovery evident in early 2002 subsequently lost momentum and the downturn has … continued to have adverse effects on the trade of the Americas. …
Persistent link: https://www.econbiz.de/10010652514
Total Western Hemisphere exports to the world fell by over 6 percent in 2002, continuing the decline recorded in 2001 … but at a lower rate. The international recovery evident in early 2002 subsequently lost momentum and the downturn has … continued to have adverse effects on the trade of the Americas. …
Persistent link: https://www.econbiz.de/10009194008
international competitiveness, one of the pillars, along with macroeconomic and financial stability, required for accelerated and … for competitiveness, labour market conditions and trade policy framework and performance. It also narrows the focus to …
Persistent link: https://www.econbiz.de/10010895474
Foreign exchange windfalls such as those from natural resource revenues change non-resource exports, imports, and the … that the response to a dollar of resource revenue is, approximately, to decrease non-resource exports by 75 cents and … increase imports by 25 cents, implying a negligible effect on foreign saving. The negative per dollar impact on exports is …
Persistent link: https://www.econbiz.de/10011083402
We work with a panel of bilateral trade flows from 1988 to 2002, exploring the influence of infrastructure …, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. We are interested … in threshold effects, and so emphasize those cases where bilateral country pairs do not actually trade. We depart from …
Persistent link: https://www.econbiz.de/10005789157