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The issue of foreign direct investment (FDI) has been affecting the world economy for years and is a considerable subject for both developed and developing countries. FDI is the fixed form of international business operation made across the national borders made mostly by the multi national...
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This paper examines the impact of interest rate reforms on financial deepening and economic growth in Kenya, using two models: the financial deepening model and the dynamic Granger causality model. The study attempts to answer two critical questions: Does interest rate liberalization in Kenya...
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Using an augmented Solow framework and an ARDL bounds test for cointegration, we explore the short- and long-run effects of remittances, aid and financial deepening on growth in Guyana using annual data for the period 1982–2010. The results show that remittances have a positive and significant...
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Foreign exchange windfalls such as those from natural resource revenues change non-resource exports, imports, and the … increase imports by 25 cents, implying a negligible effect on foreign saving. The negative per dollar impact on exports is … that the response to a dollar of resource revenue is, approximately, to decrease non-resource exports by 75 cents and …
Persistent link: https://www.econbiz.de/10011083402
This paper provides new evidence on the long-run relationship between exports and imports of the Iranian economy by … between imports and exports over the sample period, 1960–2007. This result confirms the finding of Arize (Imports and exports …
Persistent link: https://www.econbiz.de/10009671491
In this paper, we analyze the role played by imports and investment on labor productivity and output in China from 1964 … through capital accumulation and imports, which could be a cause of significant technology transfer from abroad that … imports and investment encourage output and labor productivity in the long run, but neither investment causes imports nor …
Persistent link: https://www.econbiz.de/10010573381