Economic Integration Business Cycles And Productivity In North America
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Economic Integration Business Cycle And Productivity In North America
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Author : M. Ayhan Kose
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2004-08-01
Economic Integration Business Cycle And Productivity In North America written by M. Ayhan Kose and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-01 with categories.
This paper examines the effect of the major Canada-U.S. trade agreements on the dynamics of business cycles and productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement (CUSFTA), have led to a substantial expansion of trade flows. Although common factors have played a larger role in explaining business cycles in Canada and the United States since the early 1980s, country-specific and idiosyncratic factors remain important for Canada. At the same time, while increased trade integration seems to have positively contributed to total factor productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also suggest that substantial benefits could be reaped from further reducing remaining barriers to trade.
Economic Integration Business Cycle And Productivity In North America
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Author : Roberto Cardarelli
language : en
Publisher:
Release Date : 2004
Economic Integration Business Cycle And Productivity In North America written by Roberto Cardarelli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business cycles categories.
Economic Integration Business Cycle And Productivity In North America
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Author : Roberto ; Kose Cardarelli (Ayhan)
language : en
Publisher:
Release Date : 2004
Economic Integration Business Cycle And Productivity In North America written by Roberto ; Kose Cardarelli (Ayhan) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Economic Integration Business Cycles And Productivity In North America
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Author : Roberto Cardarelli
language : en
Publisher:
Release Date : 2004
Economic Integration Business Cycles And Productivity In North America written by Roberto Cardarelli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business cycles categories.
North American Economic Integration
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Author : Norris C. Clement
language : en
Publisher: Cheltenham [England] : Edward Elgar Pub.
Release Date : 1999
North American Economic Integration written by Norris C. Clement and has been published by Cheltenham [England] : Edward Elgar Pub. this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
This work explains the theoretical, historical and political background of the North American Free Trade Agreement (NAFTA), covering its impact and the debates surrounding its existence. The authors also introduce the theory of economic integration and post-war economic management.
Business Cycle Synchronization And Regional Integration
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Author : Norbert Fiess
language : en
Publisher:
Release Date : 2007
Business Cycle Synchronization And Regional Integration written by Norbert Fiess and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Electronic book categories.
Hysteresis And Business Cycles
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Author : Ms.Valerie Cerra
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-29
Hysteresis And Business Cycles written by Ms.Valerie Cerra and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-29 with Business & Economics categories.
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Regionalization Vs Globalization
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Author : Mr.Hideaki Hirata
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2013-01-22
Regionalization Vs Globalization written by Mr.Hideaki Hirata and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-22 with Business & Economics categories.
Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the global, regional, and country-specific factors in explaining business cycles in a large sample of countries and regions over the period 1960–2010. We find that, since the mid-1980s, the importance of regional factors has increased markedly in explaining business cycles especially in regions that experienced a sharp growth in intra-regional trade and financial flows. By contrast, the relative importance of the global factor has declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business cycles.
How Has Nafta Affected The Mexican Economy Review And Evidence
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Author : Mr.Ayhan Kose
language : en
Publisher: International Monetary Fund
Release Date : 2004-04-01
How Has Nafta Affected The Mexican Economy Review And Evidence written by Mr.Ayhan Kose and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-04-01 with Business & Economics categories.
This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business cycle dynamics, are documented with reference both to stylized facts and recent empirical research. The paper concludes by drawing lessons from Mexico's NAFTA experience for policymakers in developing countries. The foremost of these is that in an increasingly globalized trading system, bilateral and regional free trade arrangements should be used to accelerate, rather than postpone, needed structural reform.
Technology Shocks And Aggregate Fluctuations
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Author : Mr.Pau Rabanal
language : en
Publisher: International Monetary Fund
Release Date : 2004-12-01
Technology Shocks And Aggregate Fluctuations written by Mr.Pau Rabanal and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-12-01 with Business & Economics categories.
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.