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Persistent link: https://www.econbiz.de/10010185536
The hypothesis that devaluating and depreciating the exchange rate in developing economies will lead to fast growth and economic development has drawn some controversies and debates during the past 20 years in the area of development economics. Mainly, due to the delayed results in some...
Persistent link: https://www.econbiz.de/10010097675
We develop an endogenous growth model with three goods, exportable, importable and non-tradable. We study the response of the real exchange rate and of the economy growth rate to a decrease in the tariff rate. We show that trade liberalization must be followed by a depreciation of the real...
Persistent link: https://www.econbiz.de/10009959078
This paper examines, with the help of the available literature on North-South models, the paradoxical economic performances within Latin America and the role of China’s phenomenal recent growth in it, which turn the Prebisch-Singer thesis upside down: the terms of trade are moving in favor of...
Persistent link: https://www.econbiz.de/10010147978
Of the world’s 6.7 billion people (as of 2008), 1.3 billion lived on less than $1.25 Purchasing Power Parity dollars per person per day and another 1.7 billion lived on between $1.25 and $2.50 PPP dollars (Chen and Ravallion, 2012). The scourge of absolute economic misery among billions of the...
Persistent link: https://www.econbiz.de/10010082273
Given contrasting evidence in the literature pertaining to the impact of Foreign Direct Investment on the host country’s economy, we take the case of Pakistan and test the said association for this nation. The data used for this study has spanned over the period of 1981 till 2010. Besides FDI,...
Persistent link: https://www.econbiz.de/10010097686
Persistent link: https://www.econbiz.de/10010160613
studies have shown that the relationship "FDI-Wages" is significant and the two variables have one on one influence. More … precisely, the low wages have the role to attract FDI and the high volume of FDI generates the increase of the wages on the … destination's country labor market. Also, the FDI augmentations determine inequalities on the structure of the wages. The paper …
Persistent link: https://www.econbiz.de/10009958059
Die Anrainerstaaten des Persischen Golfs sind mit etwa 40 Prozent der weltweiten Exporte die bei weitem wichtigste Anbietergruppe auf dem Weltrohölmarkt. Nach Europa gehen etwa 13 Prozent der Rohölausfuhren der Golfstaaten und sechs Prozent der Ausfuhren an Erdölprodukten. Von den Golfstaaten...
Persistent link: https://www.econbiz.de/10010079406
The study utilizes the Autoregressive-distributed lag (ARDL) approach for cointegration and Granger causality test, to explore the long run equilibrium relationship and the possible direction of causality between international trade, financial development and economic growth for the Pakistan...
Persistent link: https://www.econbiz.de/10010079773