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This study examines the effects of terms of trade and its volatility on economic growth for a sample of 94 developed and developing countries, using five year average annual data from 2004 to 2008. The cross country ordinary least square estimation results indicate significant positive effect of...
Persistent link: https://www.econbiz.de/10009203631
This paper investigated the effect of terms of trade growth and its volatility on economic growth in Sub-Saharan Africa. I employed dynamic panel data models of difference and system GMM that could account biases associated with endogeneity of explanatory variables and problems induced by...
Persistent link: https://www.econbiz.de/10011107298
This study investigates the effect of terms of trade and its volatility on economic growth in India by using the annual time series data from the period 1980 to 2010. Cointegration results suggest the significant positive long run relationship between terms of trade and economic growth. On the...
Persistent link: https://www.econbiz.de/10011111036
Changes in international trade flows and world prices are major channels through which the global financial crisis will hit developing countries. The recession in the ‘global North’ triggered by the financial crisis and the resulting slowdown of growth in China and other major...
Persistent link: https://www.econbiz.de/10010609991
capital and labor as the two factors in the MH- O model. Our results suggest that this finding is not robust. Instead, we find … that when human capital and (unskilled) labor are taken as relevant factors, the Mayer implication is validated in the 1980 …. Using human capital, we find that the median voter component has a negative impact on tariffs in labor-abundant countries …
Persistent link: https://www.econbiz.de/10005789459
consumption goods and industrial goods) and produces both using three inputs: capital labor and resources. The relative prices in … sector uses mostly labor, and the North has a more homogeneous economy and a high rate of profit, at the new equilibrium real …
Persistent link: https://www.econbiz.de/10005789767
In this paper I describe certain results that were obtained in the UNITAR project based on a model I have specified for studying the relationship between international terms of trade and domestic income distributions of the exporting countries within the South. In particular, I shall concentrate...
Persistent link: https://www.econbiz.de/10005835749
. Our analysis documented that the impact on productivity (output per worker) is driven through capital formation and …
Persistent link: https://www.econbiz.de/10008529291
This paper assesses the nature of the economic relationships which evolved between members of the Organization of Petroleum Exporting Countries and the non-oil less developed countries in the several years following the oil shocks of 1973 and 1974. Since these relationships can be appraised only...
Persistent link: https://www.econbiz.de/10008531915
Changes in international trade flows and world prices are major channels through which the global financial crisis will hit developing countries. The recession in the "global North" triggered by the financial crisis and the resulting slowdown of growth in China and other major emerging economies...
Persistent link: https://www.econbiz.de/10005042713