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We examine the relationship between trade balance and net export with both, the official and real effective exchange rates on the J-Curve hypothesis and find evidence to support in favor of the hypothesis, coming from a panel data of 49 developing countries from Africa. Countries can improve...
Persistent link: https://www.econbiz.de/10010458099
index and the estimated model have indicated that Turkey and the EU seem to be favoring the most competitive industries …
Persistent link: https://www.econbiz.de/10011858444
The purpose of this paper is to inform the contemporary policy debate on promoting trade among developing countries (South–South trade) by analyzing trade patterns of developing Asian economies from a comparative global perspective. The paper begins with a stage-setting historical overview of...
Persistent link: https://www.econbiz.de/10010507317
This paper shows that a regional bias resulting from trade integration alters the transmission of a country's monetary policy by shifting the burden of the exchange rate adjustment towards the less integrated trading partners. I first develop a simple model which illustrates how a concentration...
Persistent link: https://www.econbiz.de/10011621555
This paper documents the novel fact that Regional Trade Agreements (RTA) decrease bilateral trade imbalances as measured by conventional measure of the net export share in gross trade. While on average an RTA decreases bilateral trade imbalance by 7%, greater trade integration through a deeper...
Persistent link: https://www.econbiz.de/10011621556
This paper shows that regional trade integration shifts the burden of the exchange rate adjustment towards the less integrated trading partners. Thus, they bear the cost of trade balance expansion, while competitive exchange rate moves vis-a-vis RTA trading partners result in no expansion or...
Persistent link: https://www.econbiz.de/10011688708
The Organization of Islamic Cooperation members had proposed the establishment of an Islamic Common Market among themselves in the early 1970s. This notion currently listed among the core objectives of the Organization and, to this end, the members adopted the TPS agreement in 1990. This study...
Persistent link: https://www.econbiz.de/10011689528
This paper aims to measure trade competitiveness of Research and Development (R&D) intensive goods of Turkey in the … Ratios (Seymen, 2009) are calculated to analyze the technology composition of manufacturing goods trade between Turkey and … two parties. Thus, once the general situation related to the R&D intensive goods trade between Turkey and the EU is …
Persistent link: https://www.econbiz.de/10010320589
This paper aims to determine the role of EU in Turkey's trade flows by using the gravity model. It also aims to test … whether the Customs Union (of EU) that Turkey entered in 1996 made a deviation in Turkey's trade flows. Regional trade … lead to diversion from free trade (trade diversion effect). Turkey's Customs Union agreement without becoming a member of …
Persistent link: https://www.econbiz.de/10011807192
China is appraised to have the world's largest exploitable reserves of shale gas, although several legal, regulatory, environmental and investment-related issues will likely restrain its scope. China's capacity to successfully face these hurdles and produce commercial shale gas will have a...
Persistent link: https://www.econbiz.de/10010328696