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that the economic growth achieved during the past decade is highly dependent on the improvements in external balance. After … multilateral sources, and a relatively stable exchange rate. This was complimented by growth in the real sector. The GDP grew at an … average of 7 percent from 2002 to 2007. During the same time period the growth in per-capita income was around 13 percent in …
Persistent link: https://www.econbiz.de/10005620166
The paper updates a warning launched by the author a year earlier regarding the effects of Inward/Outward Processing Trade flows, already entered a marginal decrease path. The high volatility of these flows, totally escaping the perception of decision makers, is threatening Romania’s...
Persistent link: https://www.econbiz.de/10008685042
to highlight a country's competitive strengths and weaknesses and helps in achieving balanced economic-growth. It can …
Persistent link: https://www.econbiz.de/10011259614
, estimates the effect of real cross-rate movements on trade in goods and services and on foreign direct investment, and …
Persistent link: https://www.econbiz.de/10011259979
Abstract Balance of Payments (BoP), being a record of the monetary transactions over a period with the rest of the world, reflects all payments and liabilities to foreigners and all payments and obligations received from foreigners. In this sense, the balance of payments is one of the major...
Persistent link: https://www.econbiz.de/10011260138
An estimate of the contribution of the biosector to Ireland’s net foreign earnings in 2008 was recently published by The Department of Agriculture, Food and the Marine (2012). This paper examines these results and their derivation from a wide range of data provided by the Central Statistics...
Persistent link: https://www.econbiz.de/10011260484
long-run growth must be consistent with balance of payments (BOP) equilibrium and is, thus, determined on the demand side … hypothesis that the BOP-constrained growth rate (yb) must equal the natural (or potential) rate of growth (yn) and find that the … yb to yn , thus reinforcing the view, embodied in the ‘Law’, that long-run growth is demand-determined and constrained by …
Persistent link: https://www.econbiz.de/10009294949
The paper focuses on the current system of country risk assessment by the main rating agencies, pointing out some of its weaknesses. Under these circumstances, was found that Romania is overrated by the international agencies, mainly due to political reasons, related to the close accession of...
Persistent link: https://www.econbiz.de/10008694139
This is the only book in print in the world about the single global currency, and is the only book in the world priced in 147 currencies. It describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world - trillions. The multicurrency...
Persistent link: https://www.econbiz.de/10005787163
Product and the volume growth of Domestic Product. - Investigation of user practice and the lessons that can be learned from …
Persistent link: https://www.econbiz.de/10005790039