This paper investigates a specific aspect of international production linkages that, following Hummels et al. (2001), is commonly designated as vertical specialization (VS) - the use of imported inputs to produce goods that are afterwards exported. We propose a relative measure of VS-based trade...

This paper analyses the relevance and the characteristics of the international fragmentation of production in the Portuguese economy. The empirical trade literature suggests different measures of fragmentation, changing the scope of the concept and using alternative sets of information. The...

The dissertation examines the development of the global direction of the EU Common commercial policy (CCP) in the period 2000-2009. The prerequisites for the global direction becoming a leading one are identified – economic globalization, accelerated development of the global trade, the new...

This study is concerned about foreign direct investment (FDI) and economic growth across the world for the period of 1991-2001. This article produces fresh empirical evidence on the relation between FDI and economic growth obtained from single-equation and simultaneous equation estimates for 140...

This paper analyzes the macroeconomic implications of trade openness and foreign direct investment (FDI) on industrial performance in Ghana. The paper argues that in Ghana industrial performance is affected adversely by trade openness through a number of mechanisms including monetary policy,...

Abstract: This study examines the causal relationship between foreign direct investment and economic growth. Methodology is based on the Toda-Yamamoto test for causality relationship and the bounds testing (ARDL). Time-series data covering the period 1970-2005 for Malaysia, the study found, in...

This paper examines, within the framework of a panel data model's, the relation between the commercial opening, the foreign direct investment and the growth of the productivity of the North African countries (Algeria, Egypt, Morocco and Tunisia) from 1970 to 2001. The results suggest a...

Researchers have found mixed results on whether FDI generates positive spillovers that improve the efficiency of host country economies. We argue that these inconclusive results may be due (in part) to the substantial heterogeneity in MNC affiliate activity, which prior research has largely...

This paper constructs composite indices of globalization of 131 countries spread over the five continents and classified into World-I, World-II and World-III countries. KOF, the Business Cycle Research Institute in the Swiss Federal Institute of Technology, Zurich is the source of data used in...

So far no existing study has analyzed what determines people’s trust in the IMF, the World Bank, and the WTO even though – in the absence of democratic accountability – this is one of the few ways to assess the legitimacy of these institutions. This study is intended to fill this gap in...