By Paul A. Samuelson, William D. Nordhaus

ISBN-10: 8448128869

ISBN-13: 9788448128869

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Extra resources for Macroeconomia,16 edicion

Example text

The analysis of sectoral contributions into the G-L index within the CIS shows that, in Russia and Ukraine, a quarter of the index is made up of just two sectors—steel and heavy machinery. Steel makes up a third of the index in Kazakhstan and a fifth in Georgia. In Azerbaijan, one-half of the index consists of transport equipment. ; a quarter of the index is made up of glass/cement and agricultural machinery in Moldova; a third of the index consists of textiles and explosives in Tajikistan; textiles make up almost one-half of the index in Turkmenistan; and a third of the index can be attributed to textiles and automobiles in Uzbekistan.

This may suggest that the volumes of trade they are now exhibiting are below their mid- and long-term potential and there is room for the quick recovery of both trade and economic growth. The Gravity Model: Recent Adjustments in Direction of Trade An issue of redirection of trade flows as a result of market transition has been explored since the early 1990s (see, for example, Baldwin 1994 and Kaminski and others 1996). The consensus view is that at the outset of transition the former Soviet republics and the members of the Council for Mutual Economic Assistance (Comecon) were grossly over-trading among themselves and undertrading with the rest of the world, especially with the EU as their closest and richest partner.

0 .. 3 .. 6 .. 8 .. 1 .. 6 .. 0 .. 4 .. .. .. 3 .. .. .. 5 .. .. 9 .. .. 0 CIS .. CIS – non CIS .. .. .. .. .. 2 Belarus Georgia CIS .. non CIS .. 5 .. 7 .. .. 1 .. 4 .. 1 .. 6 .. 1 .. 0 .. 5 .. .. 3 .. .. 0 .. 5 .. 7 .. 2 .. 0 .. .. 1 .. 5 .. 6 .. – – – – Tajikistan CIS .. non CIS .. CIS – non CIS – .. 6 .. .. .. .. 9 .. .. 6 .. 0 .. 9 .. 4 .. 3 .. 2 .. .. 3 .. 9 .. 5 .. 7 .. 1 .. 1 .. 4 .. .. 1 .. 7 – Turkmenistan CIS .. non CIS .. – – .. – .. 1 .. 2 .. 0 .. 1 .. 1 ..

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Macroeconomia,16 edicion by Paul A. Samuelson, William D. Nordhaus


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