Purpose – The purpose of this paper is to study empirically the dynamics of Turkish bilateral trade between Turkey and … her nine trading partners, in addition to aggregate trade balance data. Design/methodology/approach – The paper employs … along with some of the trading partners. With regard to the stability of trade balance equations, the findings are mixed …

determines the trade-off between a stable distribution of income and the external balance is first derived. As a second step the … balance. Findings – The study first shows, in the context of an small open economy, relevant trade-offs among three crucial …

relationship between government size and terms-of-trade volatility by applying multivariate hidden cointegration analysis. Findings … – The findings show that high terms of trade volatility are positively related to government spending in the all sample … external risk. In particular, public expenditure is considered to be an important fiscal policy instrument when terms of trade …

The dissolving trade barriers, financial deregulation, hyper-mobility of capital and the rapid diffusion of new …-biased Schumpeterian technological change was the major cause of labour immiserisation and, second, adverse Stolper-Samuelson trade played … an insignificant effect need to be reviewed. Parsimonious dynamic time-series models of trade and technology have been …

alternatively that growth is highly “contagious” within a region, perhaps through trade. Variables such as the growth of …

's terms of trade. The analysis uses both discrete and smooth-switching techniques for estimating disequilibrium models. The … results on the whole indicate the importance of financial constraints in trade. Further support for the framework is provided … by the fact that separate estimations for the high and low absorbers appear to suggest that revenue from trade has been …

– The J- and S-curves show whether currency depreciation worsens the trade balance first before improving it. Since the … effective in improving the trade balance. Originality/value – This is a literature review paper and its originality is in terms …

Purpose – This paper seeks to revisit the highly debated trade-growth hypothesis by considering the effects of trade … and output volatility on the relationship between trade and economic growth. Design/methodology/approach – The … relationship is modeled by testing for the existence of output and trade (export and imports separately) using the conditional …

alternatively that growth is highly “contagious” within a region, perhaps through trade. Variables such as the growth of …