Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Tariffs (2)
- 2008 financial crisis (1)
- Automotive Trade (1)
- Belgium (1)
- CGE Model (1)
-
- China (1)
- Competitiveness (1)
- Data (1)
- Dollar (1)
- EMU (1)
- Euro (1)
- European Union (1)
- German labor market (1)
- International Economics (1)
- Macroeconomics (1)
- NAFTA (1)
- Net exports (1)
- Python (1)
- Real wage evolution (1)
- Renminbi (1)
- Reserve Currencies (1)
- SQLite (1)
- Trade (1)
- Unit labor costs (1)
- Wage-setting mechanisms (1)
- World Happiness Index (1)
Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
A Data Analysis Of The World Happiness Index And Its Relation To The North-South Divide, Charles Alba
A Data Analysis Of The World Happiness Index And Its Relation To The North-South Divide, Charles Alba
Undergraduate Economic Review
In this document, we perform a detailed data analysis on the World Happiness Report with its relation to the socio-economic North-South Divide. In order to do so, we perform some extensive data cleaning and analysis before querying on the World Happiness Report. Our results based on Hypothesis Testing determines the happiness of the Global North is greater than that of the Global South. Furthermore, our queries show that the mean happiness score for the Global North significantly outweighing that of the South. Likewise, the 10 'Happiest' nations all belong to the Global North whereas the 10 'least happy' nations belong …
The Shifting Dynamics Of International Reserve Currencies, Robert J. Righi
The Shifting Dynamics Of International Reserve Currencies, Robert J. Righi
Undergraduate Economic Review
With the recognition by the IMF of the Chinese renminbi as an international reserve currency in 2015, it is important to understand the modern influence of reserve currencies. We use currency exchange rate data and apply modified workhorse regression models to assign each country’s gross domestic product at purchasing power parity to a reserve currency bloc in order to obtain a global sphere of influence for each reserve currency. We find that the United States retains its dominance but faces challenges from the renminbi and the euro in recent years as the international monetary system becomes tri-polar.
The Impact Of 2018 Tariffs On U.S. Trade Values Across Relevant Categories, Lydia Murray
The Impact Of 2018 Tariffs On U.S. Trade Values Across Relevant Categories, Lydia Murray
Undergraduate Economic Review
The Office of the United States Trade Representative, under the direction of President Donald Trump, has implemented protectionist tariffs to an extent not seen in the past several decades. This paper explores data from the U.S. Census Bureau to analyze how the values of U.S. imports and exports have differed from what would have been expected for 2018 in the absence of tariffs. This is done by using past years’ data to create a predictive curve for 2018 trade values across several different product categories, which have been subject to tariffs. The general finding of this paper is that the …
A Cge-Model Analysis Of U.S. Imposed Automotive Tariffs, Angela Li
A Cge-Model Analysis Of U.S. Imposed Automotive Tariffs, Angela Li
Undergraduate Economic Review
Using a computable generable equilibrium (CGE) model, this research paper evaluates the effects of a U.S. imposed 25% automotive import tariff on NAFTA countries and the European Union, the greatest U.S. automotive trade partners. Three simulations were conducted: the implementation of tariffs with no retaliation, equivalent retaliation on the same products, and retaliation on the top exports of politically significant states, with sensitivity analysis applied in the final scenario. The results demonstrate that the EU is marginally affected while the NAFTA countries experience the greatest increases in prices and reduction in total wages.
Belgium’S 2008 Recentralization Of Wage-Setting Mechanisms And The Decentralization-Unit Labor Costs-Net Exports Link: Chronicle Of A Death Foretold?, Ines Pedro Fernandes
Belgium’S 2008 Recentralization Of Wage-Setting Mechanisms And The Decentralization-Unit Labor Costs-Net Exports Link: Chronicle Of A Death Foretold?, Ines Pedro Fernandes
Undergraduate Economic Review
Anchored on scholarly literature on international competitiveness and the classical definition of competitiveness as net exports, policy making institutions support decentralized wage-setting mechanisms. The rationale is that decentralized wage-setting systems lower wages and unit labor costs (ULC) and, therefore, increase net exports. This paper contains a literature review on the wage-setting–ULC–net exports link and challenges conventional rationales by examining the co-evolution of Belgium’s real wages and net exports across wage percentiles and sectors. Belgium is a case in point, since the country experienced both increasing real wages and increasing net exports after recentralizing wage-setting mechanisms in 2008.