Simple exchange experiments have revealed that participants trade their endowment less frequently than standard demand theory would predict. List (2003a) finds that the most experienced dealers acting in a well-functioning market are not subject to this exchange asymmetry, suggesting that a significant amount of market experience is required to overcome it. In order to understand this market-ex...

This paper offers new insights on a central question in trade and development economics: does increased exposure to foreign competition generate gains in plant productivity? We find that it does. We examine Colombian trade policy from 1977 to 1991, a period during which trade liberalization alternates with increased trade protection in varied ways across industries, to investigate the link betw...

national currency depreciation or appreciation has always been argued seriously among policymakers since changing in exchange rate could cause improvement or deficit in trade balance. these changes affect the trade volume of a country in both short-run and long-run. long-run effects are recognized as the marshall-lerner condition, while short-run effects are analyzed by two concepts: j-curve an...

Abstract The purpose of this study is to analyse the influence exchange rate shocks on foreign trade (exports and imports) fifteen economies within ECOWAS sub-region. To accomplish goal paper, Autoregressive Distributed Lag (ARDL) procedure was employed investigate impact volatility in market has both long- short-term with data between 1980 2020. compute volatility, it relied GARCH (1, 1) model...

due to the importance of the import management, this study applies generalized ardl approach to estimate midas regression for wheat import value and to compare the accuracy of forecasts with those competed by the regression with adjusted data model. mixed frequency sampling models aim to extract information with high frequency indicators so that independent variables with lower frequencies are ...