The Global Trade Slowdown - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Global Trade Slowdown write by Cristina Constantinescu. This book was released on 2015-01-21. The Global Trade Slowdown available in PDF, EPUB and Kindle. This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.
The Global Trade Slowdown
The Global Trade Slowdown - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Global Trade Slowdown write by Cristina Constantinescu. This book was released on 2015-01-21. The Global Trade Slowdown available in PDF, EPUB and Kindle. This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.
The Global Trade Slowdown and Its Implications for Emerging Asia
The Global Trade Slowdown and Its Implications for Emerging Asia - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Global Trade Slowdown and Its Implications for Emerging Asia write by Board of Governors of the Federal Reserv. This book was released on 2016-11-18. The Global Trade Slowdown and Its Implications for Emerging Asia available in PDF, EPUB and Kindle. The global economy is at a critical juncture today. According to the International Monetary Fund's latest World Economic Outlook, global gross domestic product (GDP) is set to grow at only 3.1 percent this year, the lowest rate of growth since the Global Financial Crisis. Investment and productivity remain subdued, despite extremely low and even negative interest rates in many economies. One key aspect of global weakness that is of particular relevance to emerging Asian economies is the sharp slowdown in global trade. This slowdown represents a notable departure from the "normal" times of the past few decades, and is the subject of my remarks today.
The Slowdown in Global Trade: A Symptom of A Weak Recovery
The Slowdown in Global Trade: A Symptom of A Weak Recovery - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Slowdown in Global Trade: A Symptom of A Weak Recovery write by Aqib Aslam. This book was released on 2017-11-15. The Slowdown in Global Trade: A Symptom of A Weak Recovery available in PDF, EPUB and Kindle. Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural approach. Both analytical investigations suggest that the overall weakness in economic activity, particularly investment, has been the primary restraint on trade growth, accounting for over 80 percent of the decline in the growth of the volume of goods trade between 2012–16 and 2003–07. However, other factors are also weighing on trade in recent years, especially in emerging market and developing economies, as evidenced by the non-negligible role attributed to trade costs by the structural approach.
China and Asia in Global Trade Slowdown
China and Asia in Global Trade Slowdown - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China and Asia in Global Trade Slowdown write by Gee Hee Hong. This book was released on 2016-08-16. China and Asia in Global Trade Slowdown available in PDF, EPUB and Kindle. Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China’s import growth slowed starkly, driven by both external and domestic factors, including a rebalancing of demand. Econometric results point to weak investment and rebalancing as the main causes of the import slowdown. Spillover effects from China’s rebalancing are estimated for some 60 countries using value-added trade data, and are found to be more negative on Asia and commodity exporters than others.
