Refers to a curve that reverses direction, usually if, after moving out away from an origin or axis, it then turns back toward it. Related to the International Consumption Correlations Puzzle. ![]() The observation by Backus and Smith (1993) that correlations of consumption growth across countries are lower than correlations of output growth across countries, contrary to the theoretical prediction if international capital markets were complete. Such activities, despite the name that suggests a location behind the shop or shop floor, are increasingly done at remote locations, including in other countries, as business process outsourcing.Īn imbalance in transport flows between two locations, which is expected to cause the prices of transport in the two directions to differ. ![]() Refers to the activities of a firm that are necessary to its functioning but are not directly part of production, such as accounting. ![]() "The B20 Coalition brings together leading independent business associations from G20 economies," and it "advocates on behalf of more than 6.7 million small, medium and large companies."Ī world trade database developed by CEPII, based on Comtrade.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |