The Experts below are selected from a list of 315 Experts worldwide ranked by ideXlab platform
Martin Lavallière - One of the best experts on this subject based on the ideXlab platform.
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Evaluating the Impact of Increased Fuel Cost and Iran’s Currency Devaluation on Road Traffic Volume and Offenses in Iran, 2011–2019
Safety, 2020Co-Authors: Milad Delavary, Zahra Ghayeninezhad, Martin LavallièreAbstract:Trends and underlying patterns should be identified in the timely distribution of road traffic offenses to increase traffic safety. In this study, a time series analysis was used to study the incidence rate of road traffic violations on Iranian rural roads. Road traffic volume and offenses data from March 2011 to October 2019 were aggregated. Interrupted time series were used to evaluate the impact of increasing fuel cost in June of 2013 and July of 2014 and the Currency Devaluation of Rial vs. US dollars in July of 2017 on trends and patterns, traffic volume, and number of offenses. A change-point detection (CPD) analysis was also used to identify singular changes in the frequency of traffic offenses. Results show a general decline in the number of overtaking and speeding offenses of −24.31% and −13.23%, respectively, due to the first increase in fuel cost. The second increase only reduced overtaking by 20.97%. In addition, Iran’s Currency Devaluation reduced the number of overtaking offenses by 26.39%. Modeling a change-point detection and a Mann-Kendall Test of traffic offenses in Iran, it was found that the burden of violations was reduced.
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evaluating the impact of increased fuel cost and iran s Currency Devaluation on road traffic volume and offenses in iran 2011 2019
Safety, 2020Co-Authors: Milad Delavary, Zahra Ghayeninezhad, Martin LavallièreAbstract:Trends and underlying patterns should be identified in the timely distribution of road traffic offenses to increase traffic safety. In this study, a time series analysis was used to study the incidence rate of road traffic violations on Iranian rural roads. Road traffic volume and offenses data from March 2011 to October 2019 were aggregated. Interrupted time series were used to evaluate the impact of increasing fuel cost in June of 2013 and July of 2014 and the Currency Devaluation of Rial vs. US dollars in July of 2017 on trends and patterns, traffic volume, and number of offenses. A change-point detection (CPD) analysis was also used to identify singular changes in the frequency of traffic offenses. Results show a general decline in the number of overtaking and speeding offenses of −24.31% and −13.23%, respectively, due to the first increase in fuel cost. The second increase only reduced overtaking by 20.97%. In addition, Iran’s Currency Devaluation reduced the number of overtaking offenses by 26.39%. Modeling a change-point detection and a Mann-Kendall Test of traffic offenses in Iran, it was found that the burden of violations was reduced.
Gilberto Tadeu Lima - One of the best experts on this subject based on the ideXlab platform.
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some unpleasant Currency Devaluation arithmetic in a post keynesian macromodel
Journal of Post Keynesian Economics, 2017Co-Authors: Rafael Saulo Marques Ribeiro, John Mccombie, Gilberto Tadeu LimaAbstract:ABSTRACTThe conventional view argues that Devaluation increases the price competitiveness of domestic goods, thus allowing the economy to achieve a higher level of economic activity. However, these theoretical treatments largely neglect two important effects following Devaluation: (1) the inflationary impact on the price of imported intermediate inputs, which raises the prime costs of firms and deteriorates partially or totally their price competitiveness; and (2) the redistribution of income from wages to profits, which ambiguously affects the aggregate demand as workers and capitalists have different propensities to save. New structuralist economists have explored these stylized facts neglected by the orthodox literature and, by and large, conclude that Devaluation has contractionary effects on growth and positive effects on the external balance. Given that empirical evidence on the correlation between Devaluation and growth is quite mixed, we develop a more general Keynesian–Kaleckian model that takes ...
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Exchange Rate, Income Distribution and Technical Change in a Balance-of-Payments Constrained Growth Model
Review of Political Economy, 2016Co-Authors: Rafael Saulo Marques Ribeiro, John Mccombie, Gilberto Tadeu LimaAbstract:This article develops a formal model that accounts for the net effect of an exchange rate Devaluation on the long-term balance-of-payments constrained growth rate. Such a model investigates how a Currency Devaluation impacts on the home country non-price competitiveness via changes in income distribution and the rate of technological innovation. The model is built upon two plausible hypotheses. First, it is assumed that the rate of technological innovation is directly related to the income elasticity of demand for exports and inversely related to the income elasticity of demand for imports. Second, it is assumed that a redistribution of income between labor and capital has an ambiguous direct impact on the income elasticities ratio. The model shows that the net impact of a Currency Devaluation on growth can go either way depending on the institutional framework of the economy.
Rafael Saulo Marques Ribeiro - One of the best experts on this subject based on the ideXlab platform.
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some unpleasant Currency Devaluation arithmetic in a post keynesian macromodel
2017Co-Authors: Rafael Saulo Marques Ribeiro, Gilberto Tadeu Lima John S L MccombieAbstract:Conventional view argues that Devaluation increases the price competitiveness of domestic goods, thus allowing the economy to achieve a higher level of economic activity. However, these theoretical treatments largely neglect two important effects following Devaluation: (i) the inflationary impact on the price of imported intermediate inputs which raises the prime costs of firms and deteriorates partially or totally their price competitiveness; and (ii) the redistribution of income from wages to profits which affects ambiguously the aggregate demand as workers and capitalists have different propensities to save. New structuralist economists have explored these stylised facts neglected by the orthodox literature and, by and large, conclude that Devaluation has contractionary effects on growth and positive effects on the external balance. Given that empirical evidence on the correlation between Devaluation and growth is quite mixed, we develop a more general Keynesian-Kaleckian model that takes into account both opposing views in order to analyse the net impact of Currency depreciation on the short-run growth rate and the current account. We demonstrate that this impact can go either way, depending on several conditions such as the type of growth regime, that is, wage-led or profit-led, and the degree of international price competitiveness of domestic goods.
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some unpleasant Currency Devaluation arithmetic in a post keynesian macromodel
Journal of Post Keynesian Economics, 2017Co-Authors: Rafael Saulo Marques Ribeiro, John Mccombie, Gilberto Tadeu LimaAbstract:ABSTRACTThe conventional view argues that Devaluation increases the price competitiveness of domestic goods, thus allowing the economy to achieve a higher level of economic activity. However, these theoretical treatments largely neglect two important effects following Devaluation: (1) the inflationary impact on the price of imported intermediate inputs, which raises the prime costs of firms and deteriorates partially or totally their price competitiveness; and (2) the redistribution of income from wages to profits, which ambiguously affects the aggregate demand as workers and capitalists have different propensities to save. New structuralist economists have explored these stylized facts neglected by the orthodox literature and, by and large, conclude that Devaluation has contractionary effects on growth and positive effects on the external balance. Given that empirical evidence on the correlation between Devaluation and growth is quite mixed, we develop a more general Keynesian–Kaleckian model that takes ...
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Exchange Rate, Income Distribution and Technical Change in a Balance-of-Payments Constrained Growth Model
Review of Political Economy, 2016Co-Authors: Rafael Saulo Marques Ribeiro, John Mccombie, Gilberto Tadeu LimaAbstract:This article develops a formal model that accounts for the net effect of an exchange rate Devaluation on the long-term balance-of-payments constrained growth rate. Such a model investigates how a Currency Devaluation impacts on the home country non-price competitiveness via changes in income distribution and the rate of technological innovation. The model is built upon two plausible hypotheses. First, it is assumed that the rate of technological innovation is directly related to the income elasticity of demand for exports and inversely related to the income elasticity of demand for imports. Second, it is assumed that a redistribution of income between labor and capital has an ambiguous direct impact on the income elasticities ratio. The model shows that the net impact of a Currency Devaluation on growth can go either way depending on the institutional framework of the economy.
Won W. Koo - One of the best experts on this subject based on the ideXlab platform.
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The Impact of Brazil and Argentina's Currency Devaluation on U.S. Soybean Trade
2006Co-Authors: Jose Andino, Kranti Mulik, Won W. KooAbstract:We analyzed the effects of Brazil and Argentina's Currency Devaluation on the U.S. soybean import demand in major importing countries. Results indicate that nominal exchange rates between the United States and importers affect the U.S. soybean export market. Additionally, we found evidence that Currency depreciations have favored soybean exports from Argentina and Brazil at the cost of reduced exports from the United States. Increased world soybean demand has promoted export sales from major producers, affecting export prices. Adoption of GM soybeans in the United States has been a determinant in decreased U.S. soybean import demand.
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The Impact Of Brazil And Argentina'S Currency Devaluation On U.S. Soybean Trade
Agribusiness & Applied Economics Report, 2005Co-Authors: Jose Andino, Kranti Mulik, Won W. KooAbstract:We analyzed the effects of Brazil and Argentina's Currency Devaluation on the U.S. soybean import demand in major importing countries. Results indicate that nominal exchange rates between the United States and importers affect the U.S. soybean export market. Additionally, we found evidence that Currency depreciations have favored soybean exports from Argentina and Brazil at the cost of reduced exports from the United States. Increased world soybean demand has promoted export sales from major producers, affecting export prices. However, adoption of GM soybeans in the United States has been a determinant in decreased U.S. soybean exports.
Ka Ming Cheng - One of the best experts on this subject based on the ideXlab platform.
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Currency Devaluation and trade balance: Evidence from the US services trade
Journal of Policy Modeling, 2020Co-Authors: Ka Ming ChengAbstract:Abstract This study aims to revisit the effectiveness of using Currency Devaluation as a policy tool to improve trade balance by estimating the exchange rate elasticities of services trade between the US and rest of the world with quarterly disaggregated services trade data from 1999 to 2015. Empirical results reveal that the impacts of Currency Devaluation on individual services trade are mixed and largely depend on the nature of services. Using Currency Devaluation to raise export services trade and reduce import services trade seems to be more effective in the long-run but not in the short-run. It is interesting to note that some individual services trades are insensitive to exchange rate changes. The estimates also reveal that most categories of services trade are income elastic and economic growth plays a key role in determining the imports and exports of services trade.
