The classical case of comparative advantage is put into a new formal framework, that is, the behavioral axioms of standard economics are replaced by a set of structural axioms. This enables a comprehensive analysis that takes the effects on income and profit explicitly into account. The axioms...

This paper reviews a part of the most important literature on the impact of exchange rate volatility over exports. The first section reviews particularities and limits in the literature about the connection between the two variables, while the second part reviews the effects of exchange rate...

Over the last decade, China and Malaysia have committed to export-led growth policy based on maintenance of their undervalued currencies. While both nations have recorded current account surplus and devoted for regional trade integration, it was lately claimed that the Chinese foreign exchange...

This paper investigates the effect of real exchange rate misalignment and volatility on Malaysian import flows during 1991:Q1 to 2003:Q4. A measure of the quantitative proxy of the real exchange rate misalignment is constructed using the Natural Real Exchange Rate (NATREX) equilibrium model,...

Crude oil importation is a major drain on the economy of Ghana, yet no study has attempted to analyse the determinants of crude oil imports. This paper brings to the fore an understanding of the key drivers of crude oil import demand. Using the autoregressive distributed lag modelling framework...

This paper presents the new competitiveness indicators of the Bank of Italy. While the old ones were calculated with reference to 25 industrial or OECD countries, the new indicators are available for 62 countries, including the main emerging and developing economies. In order to extend the...

The exposure to exchange rates remains an unresolved issue in international trade literature. The issue is particularly relevant to China and Malaysia, whom relaxed their USD pegging the same day in the mid of 2005. Our paper investigates the exchange rate exposure of China-Malaysian bilateral...

The main aim of this paper is to know if business climate can be consider like a cause of sub Saharan African export’s dependence against raw materials, and, for this purpose, we have assessed, in panel data, the effect of business climate in cfa farnc zone on the manufactured exports of...

The main aim of this paper is to know if infrastructures/technology can be consider like a cause of sub Saharan African export’s dependence against raw materials, and, for this purpose, we have assessed, in panel data, the effect of availables infrastructures/technology in cfa farnc zone on...

The main aim of this paper is to know if the real exchange rate misalignment can be consider like a cause of sub Saharan African export’s dependence against raw materials, and, for, this purpose, we have acess, in panel data, the effect of cfa franc misalignment on the manufactured exports of...