This paper reassesses the dynamic links between trade and growth in India during the post-independence period. The main result is a short-run bi-directional relationship between exports and output growth. This finding is supported both by standard Granger causality tests, and by an alternative...

The study analyses the long run equilibrium and short run dynamic relationship among real exports, real imports and real income in India for the period 1951-52 to 1995-96. The long run relationship is examined using both the Engle-Granger (1987) two-step and the Johansen (1991)...

The objective of this study is to examine the impact of exchange rate on Nigeria’s trade balance. Time series data on trade balance, external reserves, exchange rate, money supply and real GDP were used in the analysis and the data were subjected to unit root tests to determine their time...

In this paper, we test whether oil price predicts economic growth for 28 developed and 17 developing countries. We use predictability tests that account for the key features of the data, namely, persistency, endogeneity, and heteroskedasticity. Our analysis considers a large number of countries,...

The trend toward privatization has been an issue of a long debate. Some reflecting ideological overtones, some having a more pragmatic concern that the private sector can deliver goods and services more efficiently and effectively. From the standpoint of reducing poverty and promoting economic...

Among the 14 Pacifi c island countries, (PICs) Fiji, with its relatively better endowments in land and human resources as well as physical infrastructure, has been one of the ten favourite destinations of foreign direct investment (FDI) in Asia-Pacifi c. The gains from FDI include not only...

This study attempted to quantify the relationship between international trade and overall economic performance in Nigeria. Specifically, this study examined the correlation between economic growth and each of export performance and import penetration, as well as the effect of export performance,...

Bu çalışmanın amacı reel döviz kurunun dış ticaret dengesine etkisini araştırarak, Türkiye için Marshall Lerner koşulunun geçerliliğini test etmektir. Bu amaçla eşbütünleşme testi için, son olarak geliştirilen ve otoregresif dağıtılmış gecikmeli (ARDL) modeline dayalı...

Bu çalışmada, 1991-2006 dönemini içeren üçer aylık veriler kullanılarak Türkiye turizm talep analizleri yapısal zaman serisi modeli çerçevesinde incelenmiştir. Turizm talebini açıklamak için yapısal zaman serisi modeline fiyat ve gelir değişkenlerine ilaveten trend, mevsimsel...

Employing the MS-ARJI-GJR-GARCH-X model, in which the parameters for the jump process, the asymmetric GARCH effect and the impacts of oil price shocks are regime-dependent, this paper analyzes the impact of crude oil price shock on stock return dynamics. Empirical results reveal three...