This paper estimates econometrically the impact of NAFTA on US-Mexico and US-third countries (groups of countries) trade flows. Using a traditional gravity-equation framework, we try to see to what extent the bilateral trade flows between the US and different countries differ from a gravity-type...

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...

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...

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...

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...

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,...

This paper examines the long-run and short-run impacts of exchange rate and price changes on trade flows in Nigeria using exports and imports functions. The bounds testing (ARDL) approach to cointegration is applied on a quarterly data from 1980 Q1 to 2007 Q4. The results indicate that in both...

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...

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...

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...