This paper estimates the effect of FDI and remittances on economic growth in South Asia using an aggregate production function model. Time series data from 1976 to 2010 for India, Pakistan, Bangladesh and Sri Lanka is used to create the panel data. Time series properties of the panel data are...

In this paper the extent of international fragmentation of production in Italian manufacturing industries for the years 1985, 1995 and 2000 is assessed with different indicators. The objective is to determine where fragmentation is most prevalent and to provide a description of the key...

How are countries’ long run growth rates and employment levels affected by the international specialization of production? This paper presents an endogenous growth model where goods are produced in “modern” and “mature” sectors, which differ in the rate of knowledge accumulation and in...

The analysis presented in this paper shows that in countries with relatively high wages risk-averse fi rms operating in perfectly competitive markets will reduce production of commodities with high uncertainty of demand. Such commodities will be produced mainly in countries having suffi ciently...

This paper deals with the impact of trade and technoiogy on wage dispersion in Latin American countries, and its effects on the distribution of weifare and economic growth. Section i provides a generai introduction describing the framework of the research. The foliowing two sections review the...

This paper provides evidence on the determinants of foreign direct investment (FDI) inflows from multinationals across the twenty-one host countries over the period 1980 to 1993. We examine the role that fiscal incentives and macroeconomic factors play in explaining FDI inflows. It is shown that...

Global income elasticity of trade (GIET) is the percentage increase in world imports or exports, attributable to a percentage increase in world income or output. Theoretical and econometric research has shown that greater ~than unitary income elasticities to import and to export have...

Where economic activity will locate in the future is one of the most important and challenging questions in economics. Even though advances in technology have reduced the cost of transport and communication which has curtailed the ‘distance penalty’ for business operations, local proximity...

The hesitation, conversion to trade reform, and the rush to free trade are viewed as a process involving a rational analysis of the political cost (including market access) to the policymaker. The rush to free trade depends on the degree of precision of signals—the policymaker’s own and the...

In the world trading system there has been an increase in unilateral trade and bilateral trade of differentiated products. However, the main trade theories have difficulties providing an explanation for unilateral trade. We show that profit seeking abroad by merchants or countries originates...