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We assess the role played by exchange rates in buffering or amplifying the propagation of shocks across international equity markets. Using copula functions we model the joint dependence between exchange rates and two global equity markets and, from a copula framework, we obtain the conditional...
Persistent link: https://www.econbiz.de/10012549999
and their volatility on trade flows in two small, open economies – Chile and New Zealand – with three major trading … exchange volatility impacts trade flows in the small, open economies more than was found for larger economies. Findings do not … clearly indicate the direction of the impact, i.e. whether this volatility increases or decreases trade in all countries and …
Persistent link: https://www.econbiz.de/10009684793
of trade with China became less friendly. Today, GDP in North Korea is reportedly lower than in 1990, notwithstanding a …
Persistent link: https://www.econbiz.de/10012203362
The globalisation of R&D activities has continued to grow as companies are increasingly trying to capture knowledge and market opportunities internationally. The rapid evolution of national economies and the ways to conduct knowledge-intensive businesses has brought researchers and analysts to...
Persistent link: https://www.econbiz.de/10011982051
This paper sets out a framework to estimate quality-adjusted price levels and price changes for fixed broadband services in OECD countries. We extend and adapt existing hedonic frameworks for international and interarea comparisons and consider the extended country product dummy approach....
Persistent link: https://www.econbiz.de/10011582157
Productivity in Russia has fallen steadily over the past 15 years. This paper explores micro-level data to understand the contribution of individual firms to aggregate productivity. Overall, firm-level data corroborate the decline in aggregate productivity and a widening productivity gap against...
Persistent link: https://www.econbiz.de/10012203207
This paper assesses the possible dynamic effects of occupational entry regulations (OER) on productivity. It combines firm-level productivity data with a new cross-country policy indicator measuring the stringency of OER by the presence of administrative burdens, qualifications requirements, and...
Persistent link: https://www.econbiz.de/10012203353
installation' come first in terms of prevalence of bundles of goods and services. Since the trade regime is different for trade in … goods and trade in services, manufacturing firms engaged in servitisation strategies may face higher trade barriers just by … expanding their activities in sectors that are less open to trade. When negotiating trade agreements, policy makers need to take …
Persistent link: https://www.econbiz.de/10012147317
strong GDP growth. Investments in infrastructure are improving connectivity and trade integration has been facilitated by …. First, reverse the drop in public investment and reduce high transport and logistics costs. Second, intensify trade links … and participation in GVCs, by further improving trade facilitation, to encourage firms to adopt the best technologies and …
Persistent link: https://www.econbiz.de/10011823604
Declining inflation in many countries over the past few decades at the same time as rising global competition has led to a debate on the importance of globalisation for domestic inflation. This paper explores the implications of global value chain (GVC) integration and market contestability for...
Persistent link: https://www.econbiz.de/10011823730