CEPII

Displaying 1-14 of 14 results

  • White Papers // May 2011

    Joint Estimates Of Automatic And Discretionary Fiscal Policy: The OECD 1981-2003

    Official calculations of automatic stabilizers are seriously flawed since they rest on the assumption that the only element of social spending that reacts automatically to the cycle is unemployment compensation. This puts into question many estimates of discretionary fiscal policy. In response, the authors propose a simultaneous estimate of automatic...

    Provided By CEPII

  • White Papers // Apr 2011

    Rebalancing Growth In China: An International Perspective

    Based on simulations of an original DGE model of the US, Chinese and Euro area economies with financial frictions and various monetary regimes, the paper shows that the contribution of China in global rebalancing should primarily rely on structural policies aiming at reducing aggregate savings in China. The role of...

    Provided By CEPII

  • White Papers // Apr 2011

    Macroeconomic Consequences Of Global Endogenous Migration: A General Equilibrium Analysis

    In this paper, the authors analyze the demographic and economic consequences of endogenous migrations flows over the coming decades in a multi-regions overlapping generations general equilibrium model (INGENUE 2) in which the world is divided in ten regions. The analysis offers a global perspective on the consequences of international migration...

    Provided By CEPII

  • White Papers // Mar 2011

    European Export Performance

    Until the collapse of international trade in goods during the last quarter of 2008 and the first quarter of 2009, trade in merchandise has been driven by the exports and imports of emerging countries during more than a decade. These countries gained market shares in the manufactured goods market from...

    Provided By CEPII

  • White Papers // Mar 2011

    China's Foreign Trade In The Perspective Of A More Balanced Economic Growth

    The global crisis is forcing China's economy to become less dependent on foreign markets. Manufacturing industry has to adjust to changes in international demand. Foreign affiliates' processed exports are vulnerable to the slow-down of Western demand, while Chinese exporting firms are better placed to switch to dynamic emerging markets. China's...

    Provided By CEPII

  • White Papers // Mar 2011

    FDI From The South: The Role Of Institutional Distance And Natural Resources

    The share of developing and transition countries in the global Foreign Direct Investment (FDI) outflows has doubled in the last 20 years, reaching 16% of the total FDI outflow stock. Most of the investment flows from developing countries go to other developing and transition economies, giving rise to the term...

    Provided By CEPII

  • White Papers // Dec 2010

    Export Performance Of China's Domestic Firms: The Role Of Foreign Export Spillovers

    In this paper, the authors seek to understand what is driving the diversification of exports into new (more sophisticated) goods focusing on the possibility that foreign firms act as export catalysts, fostering the creation of new export transactions by domestic firms. There is growing evidence that most of Chinese export...

    Provided By CEPII

  • White Papers // Oct 2010

    Indirect Exporters

    Intermediation in international trade is a topic which has received large interest in the last few years. An empirical literature has arisen documenting the important role played by wholesalers and distributors in mediating international trade. Indeed, Akerman (2010) shows that half of Swedish exporting firms are wholesalers, although they only...

    Provided By CEPII

  • White Papers // Apr 2010

    China: The End Of The Outward-Oriented Growth Model

    China, which since the 1980s has developed a dynamic export sector in order to drive its economic development, was hit hard by the collapse in global demand in late 2008. This episode revealed the fragility of the Chinese growth model, which is currently at a crossroads, not only as a...

    Provided By CEPII

  • White Papers // Mar 2010

    Crises And The Collapse Of World Trade: The Shift To Lower Quality

    One of the most striking features of the crisis that started during the fall of 2008 has been the sharp decrease in the world volume of trade in goods. The collapse of trade values has been even larger, leading to a decrease of import price indices. The authors argue that...

    Provided By CEPII

  • White Papers // Jan 2010

    The Elusive Impact Of Investing Abroad For Japanese Parent Firms: Can Disaggregation According To FDI Motives Help?

    Previous findings on Japanese data (Hijzen, Inui and Todo, 2007; Ando and Kimura, 2007) show that the claim of industrial hollowing-out following the expansion of operations abroad is unwarranted. They suggest limited effects of investing abroad on the parent firm's performance. These results may however be explained by the aggregation...

    Provided By CEPII

  • White Papers // Dec 2009

    Assessing Barriers To Trade In The Distribution And Telecom Sectors In Emerging Countries

    The authors compute Ad Valorem Equivalents (AVEs) for the regulation in three service sectors (i.e. fixed telecom, mobile telecom, distribution) applied by selected emerging countries. They start with qualitative information on the restrictions applied by each country in each sector on the basis of which they apply a multivariate statistical...

    Provided By CEPII

  • White Papers // Dec 2009

    Assessing The Sustainability Of Credit Growth: The Case Of Central And Eastern European Countries

    Strong credit growth rates in transition countries may result from a normal catching-up process in a framework of financial development. However, as elsewhere, they can also pertain to a "Credit boom", paving the way to future "Credit crunches". The authors try to disentangle these two types of situation for the...

    Provided By CEPII

  • White Papers // Jul 2009

    Economic Crisis And Global Supply Chains

    The global crisis that originated in the U.S. subprime mortgage market in August 2007 has spread across the world and resulted in an abrupt fall in exports all over the world. During the last quarter of 2008, the value of exports decreased by 18 percent in Germany, 20 percent in...

    Provided By CEPII

  • White Papers // Dec 2010

    Export Performance Of China's Domestic Firms: The Role Of Foreign Export Spillovers

    In this paper, the authors seek to understand what is driving the diversification of exports into new (more sophisticated) goods focusing on the possibility that foreign firms act as export catalysts, fostering the creation of new export transactions by domestic firms. There is growing evidence that most of Chinese export...

    Provided By CEPII

  • White Papers // Jul 2009

    Economic Crisis And Global Supply Chains

    The global crisis that originated in the U.S. subprime mortgage market in August 2007 has spread across the world and resulted in an abrupt fall in exports all over the world. During the last quarter of 2008, the value of exports decreased by 18 percent in Germany, 20 percent in...

    Provided By CEPII

  • White Papers // Mar 2011

    China's Foreign Trade In The Perspective Of A More Balanced Economic Growth

    The global crisis is forcing China's economy to become less dependent on foreign markets. Manufacturing industry has to adjust to changes in international demand. Foreign affiliates' processed exports are vulnerable to the slow-down of Western demand, while Chinese exporting firms are better placed to switch to dynamic emerging markets. China's...

    Provided By CEPII

  • White Papers // Apr 2011

    Rebalancing Growth In China: An International Perspective

    Based on simulations of an original DGE model of the US, Chinese and Euro area economies with financial frictions and various monetary regimes, the paper shows that the contribution of China in global rebalancing should primarily rely on structural policies aiming at reducing aggregate savings in China. The role of...

    Provided By CEPII

  • White Papers // Mar 2010

    Crises And The Collapse Of World Trade: The Shift To Lower Quality

    One of the most striking features of the crisis that started during the fall of 2008 has been the sharp decrease in the world volume of trade in goods. The collapse of trade values has been even larger, leading to a decrease of import price indices. The authors argue that...

    Provided By CEPII

  • White Papers // Apr 2011

    Macroeconomic Consequences Of Global Endogenous Migration: A General Equilibrium Analysis

    In this paper, the authors analyze the demographic and economic consequences of endogenous migrations flows over the coming decades in a multi-regions overlapping generations general equilibrium model (INGENUE 2) in which the world is divided in ten regions. The analysis offers a global perspective on the consequences of international migration...

    Provided By CEPII

  • White Papers // Apr 2010

    China: The End Of The Outward-Oriented Growth Model

    China, which since the 1980s has developed a dynamic export sector in order to drive its economic development, was hit hard by the collapse in global demand in late 2008. This episode revealed the fragility of the Chinese growth model, which is currently at a crossroads, not only as a...

    Provided By CEPII

  • White Papers // Jan 2010

    The Elusive Impact Of Investing Abroad For Japanese Parent Firms: Can Disaggregation According To FDI Motives Help?

    Previous findings on Japanese data (Hijzen, Inui and Todo, 2007; Ando and Kimura, 2007) show that the claim of industrial hollowing-out following the expansion of operations abroad is unwarranted. They suggest limited effects of investing abroad on the parent firm's performance. These results may however be explained by the aggregation...

    Provided By CEPII

  • White Papers // Mar 2011

    FDI From The South: The Role Of Institutional Distance And Natural Resources

    The share of developing and transition countries in the global Foreign Direct Investment (FDI) outflows has doubled in the last 20 years, reaching 16% of the total FDI outflow stock. Most of the investment flows from developing countries go to other developing and transition economies, giving rise to the term...

    Provided By CEPII

  • White Papers // Dec 2009

    Assessing Barriers To Trade In The Distribution And Telecom Sectors In Emerging Countries

    The authors compute Ad Valorem Equivalents (AVEs) for the regulation in three service sectors (i.e. fixed telecom, mobile telecom, distribution) applied by selected emerging countries. They start with qualitative information on the restrictions applied by each country in each sector on the basis of which they apply a multivariate statistical...

    Provided By CEPII

  • White Papers // Dec 2009

    Assessing The Sustainability Of Credit Growth: The Case Of Central And Eastern European Countries

    Strong credit growth rates in transition countries may result from a normal catching-up process in a framework of financial development. However, as elsewhere, they can also pertain to a "Credit boom", paving the way to future "Credit crunches". The authors try to disentangle these two types of situation for the...

    Provided By CEPII

  • White Papers // May 2011

    Joint Estimates Of Automatic And Discretionary Fiscal Policy: The OECD 1981-2003

    Official calculations of automatic stabilizers are seriously flawed since they rest on the assumption that the only element of social spending that reacts automatically to the cycle is unemployment compensation. This puts into question many estimates of discretionary fiscal policy. In response, the authors propose a simultaneous estimate of automatic...

    Provided By CEPII

  • White Papers // Oct 2010

    Indirect Exporters

    Intermediation in international trade is a topic which has received large interest in the last few years. An empirical literature has arisen documenting the important role played by wholesalers and distributors in mediating international trade. Indeed, Akerman (2010) shows that half of Swedish exporting firms are wholesalers, although they only...

    Provided By CEPII

  • White Papers // Mar 2011

    European Export Performance

    Until the collapse of international trade in goods during the last quarter of 2008 and the first quarter of 2009, trade in merchandise has been driven by the exports and imports of emerging countries during more than a decade. These countries gained market shares in the manufactured goods market from...

    Provided By CEPII