Revisiting the effects of exchange and capital restrictions on trade

被引：0

作者：

Campos, Rodolfo G. ^{[1
]}

Estefania-Flores, Julia ^{[2
]}

Furceri, Davide ^{[2
,3
,4
]}

Ostry, Jonathan D. ^{[3
,5
,6
]}

Timini, Jacopo ^{[1
]}

机构：

[1] Banco Espana, Madrid, Spain

[2] IMF, Washington, DC USA

[3] CEPR, London, England

[4] Univ Palermo, Palermo, Italy

[5] Georgetown Univ, Washington, DC USA

[6] Bruegel, St Josse Ten Noode, Belgium

来源：

JOURNAL OF POLICY MODELING | 2024年 / 46卷 / 04期

关键词：

Trade restrictions; Capital restrictions; Structural gravity; Fragmentation; ACCOUNT LIBERALIZATION; GRAVITY;

D O I：

10.1016/j.jpolmod.2024.05.013

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the effects of exchange and capital restrictions on trade and compares them with those associated with trade restrictions. Our main result is that capital account restrictions have large and statistically significant effects on trade flows. Such effects are smaller than those from trade restrictions, however. The effects of exchange and capital restrictions are larger for trade in goods, especially for agriculture and manufacturing, and smaller for trade in services. (c) 2024 The Society for Policy Modeling. Published by Elsevier Inc. All rights are reserved, including those for text and data mining, AI training, and similar technologies.

引用

页码：763 / 778

页数：16

共 50 条

[1] Real exchange rate effects of fiscal expansion under trade restrictions
Hatzipanayotou, P
Michael, MS
[J]. CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 1997, 30 (01): : 42 - 56
[2] How trade and capital restrictions affect the probability of a balance of trade disturbance
Keating, Maryann O.
Keating, Barry P.
[J]. APPLIED ECONOMICS, 2013, 45 (08) : 963 - 972
[3] SHADOW EXCHANGE RATE IN AN ECONOMY WITH TRADE RESTRICTIONS
BERTRAND, TJ
[J]. OXFORD ECONOMIC PAPERS-NEW SERIES, 1974, 26 (02): : 185 - 191
[4] Exchange and capital controls as barriers to trade
Tamirisa, NT
[J]. INTERNATIONAL MONETARY FUND STAFF PAPERS, 1999, 46 (01): : 69 - 88
[5] Exchange and Capital Controls as Barriers to Trade
Natalia T. Tamirisa
[J]. IMF Staff Papers, 1999, 46 (1): : 69 - 88
[6] WELFARE EFFECTS OF RESTRICTIONS ON US TRADE
MAGEE, SP
[J]. BROOKINGS PAPERS ON ECONOMIC ACTIVITY, 1972, (03) : 645 - 707
[7] Global Trade Flows: Revisiting the Exchange Rate Elasticities
Bussiere, Matthieu
Gaulier, Guillaume
Steingress, Walter
[J]. OPEN ECONOMIES REVIEW, 2020, 31 (01) : 25 - 78
[8] Global Trade Flows: Revisiting the Exchange Rate Elasticities
Matthieu Bussière
Guillaume Gaulier
Walter Steingress
[J]. Open Economies Review, 2020, 31 : 25 - 78
[9] Financing Expense Restrictions' Effects on Capital Structure
Yazgan, Kemal Faruk
Saldanli, Arif
[J]. ISTANBUL IKTISAT DERGISI-ISTANBUL JOURNAL OF ECONOMICS, 2022, 72 (02): : 877 - 900
[10] EXCHANGE RATE POLICIES, BALANCE OF PAYMENTS, AND TRADE RESTRICTIONS IN CHILE
LEFTWICH, RH
[J]. ECONOMIC DEVELOPMENT AND CULTURAL CHANGE, 1966, 14 (04) : 400 - 413

← 1 2 3 4 5 →