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response, because India was far away from its income-possibility frontier. Registered manufacturing, which had been built up in …
Persistent link: https://www.econbiz.de/10005825610
. While the importance of services rather than manufacturing is widely noted, within manufacturing India has emphasized skill …-intensive rather than laborintensive manufacturing, and industries with higher-than-average scale. Some of these distinctive patterns …
Persistent link: https://www.econbiz.de/10005826605
A surge of exports in the 2000s helped Japan exit the severe decade-long stagnation known as the lost decade. Using panel data of Japanese exporting firms, we examine the sources of the export surge during this period. One view argues that the so-called "divine wind" or exogenous external demand...
Persistent link: https://www.econbiz.de/10011242292
growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the …
Persistent link: https://www.econbiz.de/10011242441
This study considers the role of export diversification in determining trade outcomes during the global financial crisis. The impact of export diversification (or concentration) is measured by assessing three different dimensions of specialization. First, concentration by geographic destination...
Persistent link: https://www.econbiz.de/10009019592
While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to...
Persistent link: https://www.econbiz.de/10009369449
This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more...
Persistent link: https://www.econbiz.de/10009370560
The notable rebound of U.S. manufacturing activity following the Great Recession has raised the question of whether the … labor costs have had a positive impact on U.S. manufacturing production. While we find it unlikely for manufacturing to … become a main engine of growth in the United States, we find that U.S. manufacturing exports could provide nonnegligible …
Persistent link: https://www.econbiz.de/10010790239
The typical size distribution of manufacturing plants in developing countries has a thick left tail compared to … developed countries. The same holds across Indian states, with richer states having a much smaller share of their manufacturing … model can explain about forty percent of the cross-state variation in the left tail of manufacturing plants in India. …
Persistent link: https://www.econbiz.de/10011106152
This paper analyzes the scope for systematic rules-based fiscal activism in open economies. Relative to a balanced budget rule, automatic stabilizers significantly improve welfare. But they minimize fiscal instrument volatility rather than business cycle volatility. A more aggressively...
Persistent link: https://www.econbiz.de/10004999963