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expenditures on tradables and non-tradables, trade openness and real interest differentials. On the basis of these fundamentals … misalignment appears to be small as well. The paper also discusses the implications of these findings with regard to trade …
Persistent link: https://www.econbiz.de/10005062589
There is a fundamental shift taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the burning issues of the day were not even on the negotiating agenda. The paper advances five...
Persistent link: https://www.econbiz.de/10005162661
This article shows how institutional quality can affect the relationship between trade and growth. Our model looks at … institutions gain more (in terms of growth) from trade than countries with weak institutions, due to the effect of institutions on … trade policy. It is also possible to show that the quality of institutions in one country can spill over into another by …
Persistent link: https://www.econbiz.de/10010555923
policy that regulates the extent of trade between countries. The model predicts that trade liberalization will increase …
Persistent link: https://www.econbiz.de/10005487152
tourist, trade and economic growth. Although tourism is one of the major components in the trade of services, and it has been …-relationship between economic development, total trade (import and export) and number of tourist arrival for Malaysia and her major tourism …, volume of total trade and economic development’s indicator shows that these three variables are moved in tandem …
Persistent link: https://www.econbiz.de/10008583572
This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using … annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of … monetary, fiscal and trade policy respectively. Cointegration and error correction model indicate the existence of positive …
Persistent link: https://www.econbiz.de/10009228919
This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using … annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of … monetary, fiscal and trade policy respectively. Cointegration and error correction model indicate the existence of positive …
Persistent link: https://www.econbiz.de/10009203639
trade restrictions. Recent work, notably Rodriguez and Rodrik (2000), asserts that all the evidence is fragile, implying … that economists who believe that trade restrictions played a role in this poor performance do so largely on faith. This … for the question or are bound to have low statistical power. After revising and updating measures of trade openness used …
Persistent link: https://www.econbiz.de/10005162669
This paper is estimating the correlation between tariffs and growth in the late 19th century in the context of three types of growth equation : unconditional convergence equations; conditional convergence equations, associated with Mankiw, Romer and Weil (1992); and factor accumulation models of...
Persistent link: https://www.econbiz.de/10005646817
The relationship between foreign direct investment (FDI), trade openness and economic growth in host countries remains … indicate that there is no significant Granger causality from FDI to economic growth, from economic growth to FDI, from trade to … economic growth and from economic growth to trade in the short run. Even though there is a widespread belief that FDI can …
Persistent link: https://www.econbiz.de/10010780724