Showing 1 - 10 of 35
This paper examines the long-run and short-run impacts of exchange rate and price changes on trade flows in Nigeria … 1980 Q1 to 2007 Q4. The results indicate that in both the short-run and long-run Nigeria's trade flows are chiefly …-Lerner (ML) condition holds thus implying that a devalued naira might hold considerable promise as the panacea to rising trade …
Persistent link: https://www.econbiz.de/10009958054
This research examines whether firms with different levels of export intensity differ with respect to the competitive elements that sustain their competitiveness in foreign markets, as well as on marketing strategies implemented in their commercial activity abroad. To this end, we examine a...
Persistent link: https://www.econbiz.de/10009958355
) trade flows. Using a traditional gravity-equation framework, we try to see to what extent the bilateral trade flows between … trade patterns. The main conclusion is that NAFTA did not have a significant effect on US trade patterns, neither with … Mexico nor with other countries in the world (with the exception of CACM). -- NAFTA ; gravity model ; trade diversion ; fixed …
Persistent link: https://www.econbiz.de/10009959068
The purpose of this paper is to analyse the effects of economic integration among countries on firms investment decisions when such decisions are taken strategically. It is shown that, in this context, the traditional "tariff jumping" argument is not always applicable and that localisation...
Persistent link: https://www.econbiz.de/10009959070
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
explore the long run equilibrium relationship and the possible direction of causality between international trade, financial … international trade, while broad money (M2) and gross domestic product (GDP) are used as the proxies for financial development and … supply leading hypothesis is accepted. Moreover, unidirectional causality is observed from international trade to economic …
Persistent link: https://www.econbiz.de/10010079773
Today it's frequently used the terms PIGS or PIIGS, acronyms used by economic journalists to refer to different countries of the European Union for their statement of affairs. The bad connotation is evident from the fact that pigs in English suggest the bad state of the economies of these...
Persistent link: https://www.econbiz.de/10009958460
This paper offers a specific analysis of speculation bubbles in the economic history of the world, and then tries to identify the causes and effects of the speculation bubble on the real estate market in the USA, which was the main cause of the subprime crisis. The first part of the paper aims...
Persistent link: https://www.econbiz.de/10009959704
In this paper we extend the Stock and Watson’s (Leading economic indicators, new approaches and forecasting records, 1991) single-index dynamic factor model in an econometric framework that has the advantage of combining information from real and financial indicators published at different...
Persistent link: https://www.econbiz.de/10010078109
This paper sets out a comprehensive framework to identify regional business cycles within Spain and analyses their stylised features and the degree of synchronisation both within them and between them and the Spanish economy. We show that the regional cycles are quite heterogeneous although they...
Persistent link: https://www.econbiz.de/10010078111