INTERNATIONAL TRADE DURING THE CRISIS. DETERMINANTS
This article aims to analyze how the financial crisis that bursted in the mid-2008 led to a global and regional drop in trade flows. It starts from a comparison of the Great Depression shock to what happened during the Great Recession. Based on the similarities and differences found in the literatur...
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| Format: | Article |
| Language: | English |
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Alexandru Ioan Cuza University of Iasi
2014-06-01
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| Series: | CES Working Papers |
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| Online Access: | http://www.ceswp.uaic.ro/articles/CESWP2014_VI2_SPI.pdf |
| _version_ | 1818548965735399424 |
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| author | Cristian Spiridon |
| author_facet | Cristian Spiridon |
| author_sort | Cristian Spiridon |
| collection | DOAJ |
| description | This article aims to analyze how the financial crisis that bursted in the mid-2008 led to a global and regional drop in trade flows. It starts from a comparison of the Great Depression shock to what happened during the Great Recession. Based on the similarities and differences found in the literature we take a simple econometric analysis to study the relationship between income, private lending and imports of goods by different countries from the financial meltdown starting point. The main findings consist of the magnitude heterogeneity of the decrease in income and credit at the regional level and on country groups according to the degree of development and the uttering of new factors influencing world trade (risk shock, increasing uncertainty, escalating non-tariff protectionist measures). |
| first_indexed | 2024-12-12T08:27:17Z |
| format | Article |
| id | doaj.art-efeffc5c55ce4e12aabb6012e12e304f |
| institution | Directory Open Access Journal |
| issn | 2067-7693 |
| language | English |
| last_indexed | 2024-12-12T08:27:17Z |
| publishDate | 2014-06-01 |
| publisher | Alexandru Ioan Cuza University of Iasi |
| record_format | Article |
| series | CES Working Papers |
| spelling | doaj.art-efeffc5c55ce4e12aabb6012e12e304f2022-12-22T00:31:13ZengAlexandru Ioan Cuza University of IasiCES Working Papers2067-76932014-06-0162156164INTERNATIONAL TRADE DURING THE CRISIS. DETERMINANTSCristian Spiridon0Doctoral School of Economics, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, RomaniaThis article aims to analyze how the financial crisis that bursted in the mid-2008 led to a global and regional drop in trade flows. It starts from a comparison of the Great Depression shock to what happened during the Great Recession. Based on the similarities and differences found in the literature we take a simple econometric analysis to study the relationship between income, private lending and imports of goods by different countries from the financial meltdown starting point. The main findings consist of the magnitude heterogeneity of the decrease in income and credit at the regional level and on country groups according to the degree of development and the uttering of new factors influencing world trade (risk shock, increasing uncertainty, escalating non-tariff protectionist measures).http://www.ceswp.uaic.ro/articles/CESWP2014_VI2_SPI.pdfinternational trade; financial crisis; Great Depression; Great Recession. |
| spellingShingle | Cristian Spiridon INTERNATIONAL TRADE DURING THE CRISIS. DETERMINANTS CES Working Papers international trade; financial crisis; Great Depression; Great Recession. |
| title | INTERNATIONAL TRADE DURING THE CRISIS. DETERMINANTS |
| title_full | INTERNATIONAL TRADE DURING THE CRISIS. DETERMINANTS |
| title_fullStr | INTERNATIONAL TRADE DURING THE CRISIS. DETERMINANTS |
| title_full_unstemmed | INTERNATIONAL TRADE DURING THE CRISIS. DETERMINANTS |
| title_short | INTERNATIONAL TRADE DURING THE CRISIS. DETERMINANTS |
| title_sort | international trade during the crisis determinants |
| topic | international trade; financial crisis; Great Depression; Great Recession. |
| url | http://www.ceswp.uaic.ro/articles/CESWP2014_VI2_SPI.pdf |
| work_keys_str_mv | AT cristianspiridon internationaltradeduringthecrisisdeterminants |