Journal: Review of World Economics

Abbreviation

Rev World Econ

Publisher

Springer

Journal Volumes

ISSN

1610-2878
1610-2886

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Publications 1 - 7 of 7
  • Does central bank communication really lead to better forecasts of policy decisions? New evidence based on a Taylor rule model for the ECB
    Item type: Journal Article
    Sturm, Jan-Egbert; de Haan, Jakob (2011)
    Review of World Economics
  • Structural funds, EU enlargement, and the redistribution of FDI in Europe
    Item type: Journal Article
    Breuss, Fritz; Egger, Peter; Pfaffermayr, Michael (2010)
    Review of World Economics
  • Die another day: Duration in German import trade
    Item type: Journal Article
    Nitsch, Volker (2009)
    Review of World Economics
  • Backward participation in global value chains and exchange rate driven adjustments of Swiss exports
    Item type: Journal Article
    Fauceglia, Dario; Lassmann, Andrea; Shingal, Anirudh; et al. (2018)
    Review of World Economics
  • Do donors target aid in line with the millennium development goals?
    Item type: Journal Article
    Thiele, Rainer; Nunnenkamp, Peter; Dreher, Axel (2008)
    Review of World Economics
  • Determinants of services trade agreement membership
    Item type: Journal Article
    Egger, Peter; Shingal, Anirudh (2021)
    Review of World Economics
    Existing literature has examined factors underlying the formation of goods trade agreements (GTA) and bilateral investment treaties but not the determinants of services trade agreement (STA) membership. This paper bridges the gap by studying the economic and political determinants of STA membership. Its main contribution lies in providing an economic explanation of unilateral services regulatory provisions, embodied in the World Bank's Services Trade Restrictiveness Index (Borchert et al. in World Bank Econ Rev 28:162-188, 2014), and their interaction with services preferentialism. The authors find that unilateral services provisions are closely associated with economic determinants. They also find that countries' participation in STAs is correlated with the similarity of their unilateral services trade restrictiveness, a finding not observed for "goods-only" trade agreements. While geographical and cultural determinants are found to be broadly similar for GTAs and STAs, association with economic size of partners, factor endowments and services cost shares in GDP comes through more strongly for goods-only agreements.
  • Composite global indicators from survey data: the Global Economic Barometers
    Item type: Journal Article
    Abberger, Klaus; Graff, Michael; Müller, Oliver; et al. (2022)
    Review of World Economics
    This paper presents a coincident and a leading composite monthly indicator for the world business cycle-the Global Economic Barometers. Both target the world's output growth rate and consist of economic tendency surveys results from many countries around the world. The calculation of these indicators comprises two main stages. The first consists of a variable selection procedure, in which a pre-set correlation threshold and the targeted leads to the reference series are used as selection criteria. In the second stage, the selected variables are combined and transformed into the respective composite indicators, computed as the first partial least squares factor with the reference series as response variable. We analyse the characteristics of the two new indicators in a pseudo real-time setting and demonstrate that both are useful additions to the small number of indicators for the global business cycle published so far. Finally, yet importantly, the Barometers were quick to plunge in the beginning of March 2020 and have since then given a reliable real-time reflection of the economic consequences of the Covid-19 pandemic.
Publications 1 - 7 of 7