In the last decade, Iranian authorities have implemented a number of trade reforms and export stimulating policies. They have also tried to stabilise the dollar exchange rate and eliminate the black market premium. These policies have had little, if any, lasting favourable effect on non-oil exports. One conjecture may be based on the inconsistency of their monetary policy: as money supply is us...

This paper investigates the effects of financial development on the intensive and extensive margins of countries exports, at different stages of economic development. The paper develops a partial equilibrium model with monopolistic competition. In this model, firms are heterogeneous in terms of productivity and have access to external liquidity. The effect of financial development on the intens...

The relationship between government debt, exports and economic growth has been the focus of a considerable number of academic studies in recent years. The economic crisis, which started in the United States mortgage market, quickly went global when mortgage-backed securities traded by financial institutions. Europe’s response was immediate regarding the measures to tackle the crisis. The establ...

This paper unveils a systematic pattern in China’s processing trade. In a cross-section of Chinese provinces, the average distance traveled by processing imports (import distance) is negatively correlated to the average distance traveled by processing exports (export distance). To explain this pattern, we set up a three-country industry-equilibrium model in which heterogeneous firms from two ad...

In the presence of sunk costs to exporting, preferential tariff liberalization may have a prolonged, dynamic effect on the pattern of a beneficiary country’s exports. In particular, when preferential market access helps overcome product specific fixed costs to exporting, preferential tariff liberalization might trigger a geographic spread of exports to third markets outside the preferential tra...

Drawing on dynamic capabilities view, this work provides empirical evidence on the role of knowledge management practices on export intensity in SMEs in a mature and global, non-high-tech industry. A quantitative study with structural equation modeling was carried out on a sample of 157 Spanish and Italian manufacturing companies in the ceramic tile industry. Our results suggest the existence o...

The Asia Pacific Economic Cooperation (APEC) forum is made up of 21 diverse Pacific Rim economies (table 1), including the United States, and represents a significant regional market for U.S. food and agriculture trade. In FY 1997, the APEC region accounted for more than 60 percent of U.S. agriculture and food exports and 50 percent of imports. Over the past 10 years, APEC has accounted for pra...

...................................................................................... 5 Introduction ...................................................................................... 7 I. Technological structure of manufactured exports....... 11 II. World trade patterns............................................................. 17 III .Regional distribution of developing world exports.....

One of the most important policies concerning the adjustment of foreign trade is to allocate foreign currency by establishing an exchange control system. The mechanism of this would be so that the Central Bank operates or supervises all transactions concerning foreign exchange. However, the controlling system, like all other international systems of payment, operates with some adjustments and i...