scholarly journals Gains from trade: The Costa Rican case

2019 ◽  
Vol 37 (2) ◽  
pp. 71-90
Author(s):  
Alonso Alfaro Ureña
Keyword(s):  
International Trade ◽  
Costa Rica ◽  
Foreign Trade ◽  
Open Economy ◽  
Small Open Economy ◽  
Costa Rican ◽  
Gains From Trade ◽  
Input Output ◽  
Economic Literature ◽  
The World

One of the oldest and most interesting questions in the economic literature is how to quantify the gains from trade. Recently, Costinot & Rodríguez-Clare (2014) (CRC) developed a methodology that uses the World Input Output Database (WIOD) to compute this value for a list of countries. Costa Rica has never been part of this database given the lack of appropriate data. However, with the publication of a new Input Output Table for Costa Rica, the Foreign Trade Ministry (COMEX) was able to develop a domestic version of the WIOD that includes the country.  This paper presents the results of the CRC methodology using this version of the WIOD to compute gains from trade for the Costa Rican economy. Counterfactual exercises that compare the current situation with autarky and other average tariff levels using different productive structures and competition schemes in the economy are also presented. The results can provide valuable information on how much a small open economy like Costa Rica’s can benefit from international trade, and what are the differences in the results when compared to similar countries.

scholarly journals Przemiany na rynku cebuli w latach 1995–2012

2014 ◽  
pp. 143-154 ◽  
Author(s):  
Paweł Kraciński
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Production Data ◽  
The World ◽  
Sown Area

The article presents changes on the onion market in the years 1995–2012. It shows production data which contain the level of harvest, yields, and sown area in the world and in Poland. The article analyses the main tendencies in international trade, taking into account the biggest exporters and importers and value and directions of onion foreign trade in Poland.

scholarly journals PERANAN KEBIJAKAN MONETER DALAM MENJAGA STABILITAS PEREKONOMIAN INDONESIA SEBAGAI RESPON TERHADAP FLUKTUASI PEREKONOMIAN DUNIA

2007 ◽  
Vol 9 (2) ◽  
pp. 145-177
Author(s):  
M. Maulana Al Arif ◽  
Achmad Tohari
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rate ◽  
Open Economy ◽  
Small Open Economy ◽  
Monthly Data ◽  
Vector Autoregressive ◽  
The World ◽  
The Exchange Rate ◽  
The Impact

This paper analyzes the impact of the inflation and the world interest rate on the Indonesian economy and the effectiveness of the Indonesian central bank policy to adopt the domestic macroeconomic fluctuation.Assuming Indonesia as a small-open economy, the Stuctural Vector Autoregressive Model is utilized on the monthly data during the periode of 1999: 1 – 2004: 12 covering the main domestic macroeconomic indicator (output, price, money supply, interest rate and the exchange rate) and the world oil price and world interest rate as the disturbance source.The analysis provides 2 main results, first, the international variables do have impacts on the domestic variables fluctuation, implying the fragility of the domestic economy due to the external shock, second, the monetary policy is effective on supporting the economic growth and stabilizing the price level. However, the Bank Indonesia policy to stabilize the international shock via the exchange rate channel, contributes to a higher impact of the international shock on domestic interest rate.Keywords: monetary policy, business cycle, SVARJEL Classification: E52, E32, C32, F41

scholarly journals LA MUJER EMPRENDEDORA EN EL TURISMO RURAL: PECULIARIDADES DEL CASO COSTARRICENSE A TRAVÉS DE LA REVISIÓN BIBLIOGRÁFICA

2020 ◽  
pp. 185-214
Author(s):  
Merlyn Gutiérrez Cruz ◽  
María Jesús Such Devesa ◽  
Patricia Gabaldón Quiñones
Keyword(s):  
Developing Countries ◽  
Costa Rica ◽  
Latin American ◽  
Costa Rican ◽  
Rural Tourism ◽  
Female Entrepreneurs ◽  
Rural Entrepreneurship ◽  
Revisión Sistemática ◽  
Business Women ◽  
The World

Este artículo analiza el fenómeno de la mujer emprendedora en el turismo rural en Costa Rica, enmarcándola en el contexto latinoamericano y en el de las emprendedoras rurales. A partir de una revisión sistemática de la literatura, se define el perfil de las empresarias, sus motivaciones y las barreras que enfrentan. Los resultados ponen de manifiesto las importantes similitudes entre las emprendedoras turísticas rurales costarricenses con el resto de las emprendedoras en Latinoamérica y del mundo. Este estudio contribuye al conocimiento de las emprendedoras dentro del marco del turismo rural, esencial para el desarrollo económico del país. This article analyzes the phenomenon of entrepreneurial women in rural tourism in Costa Rica, framed within the Latin-American and rural entrepreneurship context. Using a systematic literature review, the profile of business-women gets defined through their motivations to start their businesses and the barriers they face. The results show the important similarities between Costa Rican rural tourism entrepreneurs and other female entrepreneurs in Latin America and the world. This study contributes to the knowledge of these entrepreneurs within the framework of rural tourism, essential for the economic development of developing countries.

scholarly journals COVID-19 and Emerging Markets

2020 ◽  
Vol 20 (133) ◽  
Author(s):  
Cem Cakmakli ◽  
Selva Demiralp ◽  
Sebnem Kalemli-Ozcan ◽  
Sevcan Yesiltas ◽  
Muhammed Yildirim
Keyword(s):  
Open Economy ◽  
Credit Card ◽  
Small Open Economy ◽  
Input Output ◽  
Economic Costs ◽  
Infection Rates ◽  
Demand Shock ◽  
Supply Shocks ◽  
Initial Shock ◽  
Macroeconomic Effects

We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing infection rates under different lockdown scenarios. Being an open economy amplifies the economic costs through two main channels. First, the demand shock has domestic and external components. Second, the initial shock is magnified due to domestic and international input-output linkages.

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