May 2018
Author(s): Stein, Ernesto H.;Fernandez, Andres
We develop a methodology to construct real effective exchange rates that incorporate two distinctive elements not accounted for in the traditional measures: i) competition in third markets and ii)…
Aug 2015
Author(s): Korea Institute for International Economic Policy
Trade and investment were unarguably the main drivers of Korea's outstanding economic development. Heavy government intervention together with the private sector's continuous efforts to…
Mar 2006
Author(s): Borensztein, Eduardo;Panizza, Ugo
This paper uses a difference-in-difference methodology similar to the one originally proposed by Rajan and Zingales (1998) to test whether defaulting hurts the more export-oriented industries. Strong…
Dec 2001
Author(s): Lora, Eduardo
This document is an update of an earlier study (Lora, 1997), which argued that the lack of direct measurements of structural policies had stood in the way of adequately evaluating the effects of the…
Nov 1997
Author(s): Spilimbergo, Antonio;Londoño, Juan Luis;Székely, Miguel
This paper studies the empirical links among factor endowments, trade, and personal income distribution. The motivation is that many developing countries have implemented radical trade reforms in…