Wiley-Blackwell: World Economy最新文献_第9页

Trade Effects of the European Union's Service Directive: Contrasting Ex Ante Estimates with Empirical Evidence 欧盟服务指令的贸易效应:事前估计与经验证据的对比

Wiley-Blackwell: World Economy Pub Date : 2012-05-07 DOI: 10.1111/twec.12149

Bianka Dettmer

{"title":"Trade Effects of the European Union's Service Directive: Contrasting Ex Ante Estimates with Empirical Evidence","authors":"Bianka Dettmer","doi":"10.1111/twec.12149","DOIUrl":"https://doi.org/10.1111/twec.12149","url":null,"abstract":"type=\"main\" xml:id=\"twec12149-abs-0001\"> One of the top priorities to improve the European Union's growth performance is the creation of a single market for services. The directive on services adopted by the Parliament and the Council by the end of 2006 aims at removing barriers to the free movement of service providers on the internal market. Previous studies quantified ex ante sizable effects of implementing the directive in its original form. This paper is a first attempt to evaluate ex post the trade effects induced by a directive – which excludes the country-of-origin principle – by performing a difference-in-difference-(in-differences) estimator on a sample of EU- and non-EU countries in the period 2004 to 10. We account for non-tariff trade barriers and the endogeneity of regional trade agreements and find that the service directive adds to a reallocation of business services trade within the EU. Accounting for the trade effect of past deregulations, the EU directive fosters a deeper integration of the new member states into the European service value-added-chain and promotes business service exports from third countries towards the EU significantly more than trade of country pairs in the control group. The reorientation of the EU-15 towards the new members is in turn associated with less intense intra-EU-10 businesses, while business trade between EU-15 members is not significantly affected.","PeriodicalId":348861,"journal":{"name":"Wiley-Blackwell: World Economy","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115232957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10

Lessons from the Eurocrisis for East Asian Monetary Relations 欧洲危机对东亚货币关系的启示

Wiley-Blackwell: World Economy Pub Date : 2012-04-01 DOI: 10.1111/j.1467-9701.2012.01443.x

Paul De Grauwe

引用次数: 2

Are the Direct and Indirect Growth Effects of Remittances Significant? 汇款对经济增长的直接和间接影响显著吗?

Wiley-Blackwell: World Economy Pub Date : 2012-03-01 DOI: 10.1111/j.1467-9701.2011.01399.x

B. Rao, Gazi Hassan

引用次数: 92

How Do Firms’ Outward FDI Strategies Relate to Their Activity at Home? Empirical Evidence for the UK 企业对外直接投资战略与国内活动的关系?英国的经验证据

Wiley-Blackwell: World Economy Pub Date : 2012-03-01 DOI: 10.1111/j.1467-9701.2011.01402.x

H. Simpson

引用次数: 34

The Renminbi and Poor‐Country Growth 人民币与贫穷国家的增长

Wiley-Blackwell: World Economy Pub Date : 2012-03-01 DOI: 10.1111/j.1467-9701.2011.01408.x

Christopher Garroway, H. Reisen, Burcu Hacibedel, E. Turkisch

{"title":"The Renminbi and Poor‐Country Growth","authors":"Christopher Garroway, H. Reisen, Burcu Hacibedel, E. Turkisch","doi":"10.1111/j.1467-9701.2011.01408.x","DOIUrl":"https://doi.org/10.1111/j.1467-9701.2011.01408.x","url":null,"abstract":"Discussions on how best to exit from global imbalances to create a more balanced world economy have ignored the impact on poor countries of proposals to redress these imbalances. This paper aims at filling that gap. It gauges the degree of renminbi (RMB) undervaluation; presents evidence on RMB undervaluation and China’s GDP growth rate; surveys the role of the real effective exchange rate – both its level and its stability over time – for underpinning growth in developing countries, especially in large dual economies such as China and India; finally, the paper presents new evidence on growth linkages between China and poor countries for the last two decades and surveys literature on potential displacement effects of RMB appreciation. The analysis allows broad conclusions to be drawn about the potential developing-country beneficiaries and losers from various renminbi adjustment scenarios in the forthcoming years. Les discussions sur la meilleure facon de sortir des desequilibres mondiaux afin de creer une economie mondiale plus equilibree ont ignore l'impact sur les pays pauvres des propositions visant a corriger ces desequilibres. Le present document vise a combler ce manque. Il evalue d’abord le degre de sous-evaluation du renminbi (RMB) ; il decrit ensuite les evolutions simultanees du degre de sous-evaluation du RMB et du taux de croissance du PIB chinois ; puis, il passe en revue le role du taux de change effectif reel - a la fois son niveau et sa stabilite au cours du temps – dans la croissance des pays en developpement, surtout dans les grandes economies duales comme la Chine et l'Inde ; enfin, le document presente de nouvelles analyses sur les liens, au cours des deux dernieres decennies, entre la croissance chinoise et celle des pays pauvres et passe en revue la litterature traitant des effets potentiels de l'appreciation du RMB sur la croissance. L'analyse permet d’identifier parmi les pays en developpement, les beneficiaires et perdants potentiels, en fonction de differents scenarios d'ajustement du renminbi dans les prochaines annees.","PeriodicalId":348861,"journal":{"name":"Wiley-Blackwell: World Economy","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123741021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 18

Determinants of Export Diversification Around the World: 1962–2000 全球出口多样化的决定因素:1962-2000

Wiley-Blackwell: World Economy Pub Date : 2012-03-01 DOI: 10.1111/j.1467-9701.2011.01395.x

Manuel Agosin, R. Alvarez, Claudio Bravo-Ortega

{"title":"Determinants of Export Diversification Around the World: 1962–2000","authors":"Manuel Agosin, R. Alvarez, Claudio Bravo-Ortega","doi":"10.1111/j.1467-9701.2011.01395.x","DOIUrl":"https://doi.org/10.1111/j.1467-9701.2011.01395.x","url":null,"abstract":"Using a large dataset of countries during the last forty years, this paper analyzes the main determinants of export diversification. We explore the role of several factors and we use three different indicators of export diversification. We find robust evidence across specifications and indicators that trade openness induces higher specialization and does not favor export diversification. In contrast, financial development helps countries to diversify their exports. Looking at the effects of exchange rates, our results suggest a negative effect of real exchange rate overvaluation, but not significant effects of exchange rate volatility. We also find evidence that capital accumulation contributes positively to diversity exports and that increasing remoteness tend to reduce export diversification. We explore also the role of terms of trade shocks. Some of our results suggest that there is an interesting interaction between this variable and human capital. We find that improvements in terms of trade tend to concentrate exports, but this effect is lower for those countries with higher levels of human capital. This evidence suggests that countries with higher education can take advantage of positive terms of trade shocks to increase export diversification.","PeriodicalId":348861,"journal":{"name":"Wiley-Blackwell: World Economy","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120954386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 283

The Factor Content of Heterogeneous Firm Trade 异质性企业贸易的要素含量

Wiley-Blackwell: World Economy Pub Date : 2012-03-01 DOI: 10.1111/j.1467-9701.2011.01361.x

d'Artis Kancs, Paval Ciaian

引用次数: 3

International Migration with Heterogeneous Agents: Theory and Evidence for Germany, 1967–2009 具有异质动因的国际移民:德国的理论与证据，1967-2009

Wiley-Blackwell: World Economy Pub Date : 2012-02-01 DOI: 10.1111/j.1467-9701.2011.01426.x

H. Brücker, Philipp J. H. Schröder

引用次数: 11

The Determinants and the Selection of Mexico–US Migrants 墨西哥-美国移民的决定因素和选择

Wiley-Blackwell: World Economy Pub Date : 2012-02-01 DOI: 10.1111/j.1467-9701.2011.01425.x

J. Ambrosini, G. Peri

{"title":"The Determinants and the Selection of Mexico–US Migrants","authors":"J. Ambrosini, G. Peri","doi":"10.1111/j.1467-9701.2011.01425.x","DOIUrl":"https://doi.org/10.1111/j.1467-9701.2011.01425.x","url":null,"abstract":"Using data from the Mexican Family Life Survey (MxFLS), a panel of Mexican individuals interviewed in 2002 and 2005, we analyse the characteristics of migrants from Mexico to the US relative to non‐migrants and those who migrated and subsequently returned to Mexico. Using pre‐ and post‐migration earnings and their earnings in the US from the American Community Survey (ACS), we characterise the selection of migrants on observable and non‐observable characteristics. Merging the data with US ACS data, we can also measure the expected earnings premium of migration to the US and the earnings premium for those that returned to Mexico. We find that migrants respond to the expected earnings premium to migration, once we control for migration costs. Also, the structure of the premium across skill groups generates negative selection on average and it can explain selection on observable and unobservables. We also find that returnees are more positively selected over skills than migrants to the US. Initial poverty, old age and family ties are strong deterrents of migration to the US, once we account for the skill‐specific migration premium. We also find a strong under‐representation of college educated among migrants to the US, possibly a consequence of the fact that undocumented migration is not an attractive option for those individuals.","PeriodicalId":348861,"journal":{"name":"Wiley-Blackwell: World Economy","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132393500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 82

FDI Policies in China and India: Evidence from Firm Surveys 中国和印度的外国直接投资政策:来自公司调查的证据

Wiley-Blackwell: World Economy Pub Date : 2012-01-01 DOI: 10.1111/j.1467-9701.2011.01387.x

Yasheng Huang, Heiwai Tang

引用次数: 24