The six nations of the Gulf Cooperation Council (GCC) have approximately 40 percent of total proven oil reserves as well as 23 percent of the world's gas reserves. Although rising oil revenues have led to greater outward investment flows, there is also a growing need for significant expansion of...

The present paper investigates the development of intra-industry trade (IIT) among the East Asian economies over the 1970-1996 period. A dynamic index is used to capture the changes in the structure of trade flows. Based on this approach, IIT is decomposed into horizontal (HIIT) and vertical...

This paper looks at the issue of labour market adjustment in the context of expanded international trade of NAFTA economies both within the region and more generally. The study focuses on the period 1990-1998, a time frame that covers several years prior to and after the formation of NAFTA....

Purpose – As the Chinese economy continues to develop, rising incomes for many people has meant significant shifts in consumption patterns. Over the past several years, per capita wine consumption in China has doubled. Although off a relatively low base, this still represents a significant...

Economic growth in Australia has outperformed that in most other OECD countries over the past couple of decades. This paper investigates the factors contributing to economic growth in Australia over the period 1986-2007. Particular focus is placed on the impact of external linkages. A major...

The structure of Malysia's trade expansion over the high-growth period 1970-1994 and its implications for labour-market adjustment is examined. An econometric analysis of trade and employment data suggests that intra-industry trade is related with relatively large inter-industry payroll changes....

The integration of the East Asian economies has grown markedly over the past decade as a result of the expansion in regional production and distribution networks involving the machinery industry. A significant triangular pattern of trade has emerged, with Japan and the newly industrialised...

China currently maintains an exchange rate fixed against the US dollar and a (relatively) closed capital account, while exercising an independent, controlled interest rate environment. Domestic and international pressures have been mounting for the Chinese government to re-adjust the currency...

This paper employs cointegration and multicointegration analysis to explore the issue of external solvency in the small open economy of Australia. Results indicate that, in the fixed exchange-rate era, exports and imports are multicointegrated, while, in the more recent floating exchange-rate...