منابع مشابه
Terms of trade shocks and the balance of trade: there is a Harberger-Laursen-Metzler effect
According to the Harberger-Laursen-Metzler (HLM) effect an exogenous increase in the terms of trade faced by a small open economy leads to an improvement in that country’s trade balance. In this paper structural vector autoregression techniques are used to investigate whether there is any systematic pattern in the responses of the trade balance to terms of trade shocks for a large number of sma...
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The trade in wildlife products can represent an important source of income for poor people, but also threaten wildlife locally, regionally and internationally. Bushmeat provides livelihoods for hunters, traders and sellers, protein to rural and urban consumers, and has depleted the populations of many tropical forest species. Management interventions can be targeted towards the consumers or sup...
متن کاملWhat Accounts for China’s Trade Balance Dynamics?
This paper proposes a structural VAR model which extends the frameworks of Hoffmaister and Roldós (2001) and Prasad (1999). The model is then used to analyse the sources of China’s trade balance fluctuations in the period of 1985–2000. Efforts are made to distinguish the forces which underlie the long-run trend in trade balance from those with transitory impacts. The effects of four types of sh...
متن کاملUS trade balance dynamics: the role of fiscal policy and productivity shocks and of financial market linkages
This paper examines whether domestic and foreign productivity and fiscal policy changes can account for the wide swings in US net exports during the period 1975]1991. A two-country Real Business Cycle model is used for that purpose. The model is simulated using data on productivity, government purchases and taxes, for the G7 countries. A version of the model with incomplete asset markets, in wh...
متن کاملDemand Shocks and Economic Fluctuations
This paper studies conditions under which demand-side shocks can generate realistic business cycles in RBC models. Although highly persistent demand shocks are necessary for generating procyclical investment, variable capacity utilization and habit formation can reduce the required degree of persistence. Keywords: Demand Shocks; Halls Residual; Real Business Cycles; Crowding Out; Investment Dy...
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ژورنال
عنوان ژورنال: Open Economies Review
سال: 2010
ISSN: 0923-7992,1573-708X
DOI: 10.1007/s11079-010-9171-3