Does input trade synchronize business cycles across countries? I incorporate input trade into a dynamic multisector model with many countries, calibrate the model to match bilateral input-output data, and estimate trade-comovement regressions in simulated data. With correlated productivity...

We propose a structural dynamic factor model of a small commodity-exporting economy, using Canada as a representative case study. Combining large panel data sets of the global and do- mestic economies, sign restrictions are used to identify relevant demand and supply shocks that explain...

The global financial and economic crisis revealed institutional weaknesses and structural problems of particular Economic and Monetary Union (EMU) countries. The crisis and slowdown that followed had an impact on their relative competitiveness. Financial and economic turbulences of recent years...

This paper underlines the influence of trade diversification on GDP per capita growth. Using methodologies developed by Brenton and Newfarmer (2007) and Amurgo-Pacheco and Pierola (2008), we breakdown exports of 64 developing countries into intensive margin (old traded flows), extensive margin...

Every country is known to be more or less in commercial affairs with the outside world. Trade between countries influences the level of development in open economies. This study aims to search whether there has been a causality relationship between total export and economic growth variables of...

The objective of this study is to examine the impact of exchange rate on Nigeria’s trade balance. Time series data on trade balance, external reserves, exchange rate, money supply and real GDP were used in the analysis and the data were subjected to unit root tests to determine their time...

Lots of studies were produced in the past decade on the importance of the quality of the institutions for economic development. Several authors focused on the indicators provided by Doing Business (World Bank) to highlight the main factors favouring or rather limiting the economic development....

Though India has a long history of foreign direct investment (FDI) inflows, the actual FDI postindependence was quite low. Post-1991 liberalization policies supported inflow of FDI. Overall there is increase in foreign trade from 1991 to 2012 however the annual growth has not been consistent...

The aim of the paper is to compare the growth and external performances of Germany and Italy in the 1999-2009 ten-year period, i.e., from the advent of European Monetary Union (EMU) up to the financial crisis. Although both economies have been dubbed export-driven growth models in the past, the...

Most of the expansion of global trade during the last three decades has been of the North-South kind – between capital-abundant developed and labour-abundant developing countries. Based on this observation, I argue that the recent growth of world trade is best understood from a...