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This paper analyzes the long run association between Pakistan’s exports and imports from 1972 to 2012. The results of …
Persistent link: https://www.econbiz.de/10011259358
This paper investigates the interactions among the Romanian industrial production, exports and imports after the … exports to the returns of the industrial production index. We could consider these findings as an argument in favor of the … Exports-Led Growth Hypothesis. …
Persistent link: https://www.econbiz.de/10011191503
This article examines the tendencies of economic growth in Romania after its transition to the market economy by employing a balance of payments approach and an extended growth model that takes into account both internal and external imbalances. The first approach is linked to the well known...
Persistent link: https://www.econbiz.de/10011251883
In order to test the existence of Thirlwall’s law for Turkey during the period of 1980-2008, bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall’s law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the...
Persistent link: https://www.econbiz.de/10011259089
We present a dynamic model of capacity utilization and growth which takes into due account the joint determination of the international competitiveness (measured by the real exchange rate) and functional income distribution. It follows that how distribution, capacity utilization and growth vary...
Persistent link: https://www.econbiz.de/10009216347
A unique feature of the financial crisis is the unprecedented collapse in global world trade. The objective of this paper is to explain some of that collapse as a move toward protectionism triggered not by nationalistic interests but by ‘competing’ objectives among trading partners from the...
Persistent link: https://www.econbiz.de/10008531925
estimating sectoral elasticities of exports and imports for a considerable panel dataset of 90 countries over the period 1965 …
Persistent link: https://www.econbiz.de/10008927059
The objective of this study is to evaluate the effect of public spending on economic growth in DR Congo. This is to highlight the non-linear effects of public expenditure on economic growth in the DRC. In view of the results of the econometric regression, there are non-linearities in the...
Persistent link: https://www.econbiz.de/10011112999
According to Kaldor (1970), regional growth patterns arise from a cumulative causation process as broadly combining two substantial mechanisms i.e. a productivity regime, known as the “Kaldor-Verdoorn” law, and a demand regime due to the expansion of exportations. This paper attempts to...
Persistent link: https://www.econbiz.de/10004980396
We consider the determinants of exports of services, distinguishing between modern and traditional services. We … export growth. We find that the effect of the real exchange rate is even stronger for exports of services than exports of … goods; it is especially strong for exports of modern services. While the evidence of differential effects between advanced …
Persistent link: https://www.econbiz.de/10011260963