The resilience test carried out by ZEW researchers includes all significant export-sector crises since the 1970s. This enables researchers to distinguish long-term crisis-management patterns within the observed economies that are not immediately evident when examining individual current crises. The study defines an export-sector crisis as a decline in exports relative to gross domestic product ...

Iran is one f the biggest oil producer and exporter of the world. Due to the special administrative and constitutional structure of the country, i.e. economic, social and political reasons, the government budget and revenues depend heavily on oil exports. The aim of this article is to suggest a theoretical proposal on the optimum level of non-oil exports such that it will clear up the idea of e...

In this article, real exchange rate behavior and its effects on macroeconomic variables are studied by explaining two models; impulse function and forecasting predicted error decomposition. Studies show that high artificial currency value has caused domestic and foreign accounts equilibrium disturbance and foreign income decrease due to the slackening of commercial and agricultural activities, ...

Economic development in Taiwan over the past four decades has been characterized by rapid growth, export expansion, stable prices, full employment, and fairly equitable income distribution. In the natural course of its development, the economy underwent significant long-term changes in terms of production, trade, and employment. Although the two oil crises of the 1970s had short-term impacts on...

In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain – export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight rates, covering the period December 2001 until August 2009 at weekly frequency. We then test whether...

1. INTRODUCTION Historically, Argentina has been among the world leaders in the production and/or export of agricultural products. The main reason for this is that it is a country relatively sparsely populated but richly endowed with natural resources for production agriculture. According to data from the Food and Agriculture Organization (FAO) (FAOSTAT database), in 2006 Argentina accounted fo...