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What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross … drivers of FDI outflows to low-income countries in the pre-crisis period; (ii) economic fundamentals, the strength of economic … reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper …
Persistent link: https://www.econbiz.de/10008560450
Regional integration has been seen in Africa as a means of encouraging trade and securing economies of scale. This paper examines in detail the prospects and challenges for trade expansion in the two most prominent arrangements in eastern and southern Africa: the Common Market for Eastern and...
Persistent link: https://www.econbiz.de/10005604840
The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest components of services exports globally, and the backbone of many smaller economies. It applies the gravity model to a large dataset comprising the full universe of bilateral...
Persistent link: https://www.econbiz.de/10011142022
This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing...
Persistent link: https://www.econbiz.de/10011142103
This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the Middle East, North Africa, the Caucasus, and Central Asia. Estimates of export elasticities with respect to trading partner GDP indicate non-oil export volumes are relatively...
Persistent link: https://www.econbiz.de/10011142158
In this paper we estimate gravity models to see whether trade volumes of countries in the MENA region are significantly lower than what would be expected given their economic, cultural and geographical characteristics. Our empirical results show that the variables used in standard gravity models...
Persistent link: https://www.econbiz.de/10008519501
This Selected Issues paper and Statistical Appendix provides a brief assessment of Cyprus’s external position and its composition in an international perspective. It discusses estimates of Cyprus’s external position based on partial International Investment Position data as well as...
Persistent link: https://www.econbiz.de/10005824937
The Selected Issues paper provides an overview of trends, performance export growth, value added, and employment, account of the structure and evolution of Lesotho's textiles during the decade through 2002, and discusses future prospects and key issues. It analyzes the implications of the...
Persistent link: https://www.econbiz.de/10005825028
This 2002 Article IV Consultation highlights that in 2001, overall real growth for Kuwait fell slightly as oil output dropped following OPEC-mandated production cuts. The real non-oil GDP growth decelerated to 0.5 percent from 1 percent in 2000 as the private sector investment remained broadly...
Persistent link: https://www.econbiz.de/10005825410
plays a central role in determining the origin of foreign direct investment (FDI) flows to Spain. …
Persistent link: https://www.econbiz.de/10005825436