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“Does economic openness increase income?” is retested using quantity measures of trade, finance, and domestic economic … size, and the short answer is: “It de-pends”. The results show that Africa and the Americas lose from both trade and … financial openness, while Asia gains from trade openness but loses from financial openness. The industrialized region benefits …
Persistent link: https://www.econbiz.de/10005029713
This paper explores the dynamic relations between the Romanian exports and imports using monthly data from January 2005 to March 2009. We test the cointegration and causality between the two variables. The results of Engle-Granger, Johansen and cointegration tests are ambiguous while the...
Persistent link: https://www.econbiz.de/10011260679
Under the global crisis impact the structure of international trade flows witnessed significant changes. In the case of … having comparative advantages connected with the processing trade operations. Obviously, Romania lacks an export strategy … able to sustain the national exporters on new foreign markets and reducing the trade balance deficits. …
Persistent link: https://www.econbiz.de/10009647229
of least developed countries. LDCs are marginalized in international trade and output, yet they are highly integrated …-mature trade liberalization and “market oriented” strategies imposed on them. As a result, despite the acceleration of growth in …, University of Neuchâtel, Switzerland and the author of many articles on trade and industrial policies. His recent work includes …
Persistent link: https://www.econbiz.de/10008533580
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...
Persistent link: https://www.econbiz.de/10008833289
welfare gains from trade can be precisely decomposed into a selection and a reallocation effect. The former is the change in … also show that when the gains from trade are small, it is the selection effect that matters most; as the gains from trade …
Persistent link: https://www.econbiz.de/10011111480
deficits. This evolution raised concerns over the country external sustainability. Since 2007, in the Romanian foreign trade …
Persistent link: https://www.econbiz.de/10011258141
Determinants of trade flows have always attracted researchers. In this paper, we model monthly trade flows in India …. We also assess the short-term dynamics of these trade flows through error correction models. Finally, we estimate vector … auto regression models to gauge the extent of contemporaneous interaction between trade flows and the explanatory variables …
Persistent link: https://www.econbiz.de/10009246892
This paper studies the effect of trade openness on output volatility. We find that trade openness generally increased … control for government size and some measures of external risk, such as terms of trade volatility and export concentration …
Persistent link: https://www.econbiz.de/10005835511
The paper deals with two issues. First, it focuses on the analysis of Armenia’s trade performance based on the …. The comparison is undertaken in terms of trade openness, diversification, and composition. The main finding is that …’s trade under-performance cannot be explained in terms of distorted government policies, because Armenia is recognized as a …
Persistent link: https://www.econbiz.de/10005837260