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This paper looks at the importance of the terms of trade for the New Zealand economy by examining the impact of changes in the trend and volatility of the terms of trade on economic growth. It is found that the volatility in the terms of trade has had a negative impact on New Zealand’s...
Persistent link: https://www.econbiz.de/10005176936
estimated by using cointegration tests and error correction model. Multivariate cointegration results revealed that there exists … their steady state equilibrium in the long run. From the estimation of the specified model, we reported that there is a …
Persistent link: https://www.econbiz.de/10011212962
The study addresses the economic development of four European countries - Romania, Hungary, Czech Republic, and Poland beginning with 1990. It will be employed a descriptive analysis of their trade and growth dynamics. Emphasis will be placed on the determinants of economic growth of this group...
Persistent link: https://www.econbiz.de/10011268736
Bu calismada Turkiye ekonomisinde dis ticaret ve sanayilesmepolitikalarinda yapisal bir donusume gidildigi 1980 sonrasi donemde, dis ticaretin verimlilik ile olan iliskisinin analiz edilmesi amaçlanmýþtýr. Calismada ilk olarak, 1980-2007 arasi donemi kapsayan yillik veriler kullanilarak,...
Persistent link: https://www.econbiz.de/10009416836
Over the past two decades, globalisation has given a boost to world trade, has grown one and a half times faster than world output, and the difference has even been considerably higher in recent years as world trade growth accelerated very strongly. More
Persistent link: https://www.econbiz.de/10008511903
The CEMAC’s countries are characterized by a weak diversification of their products and exports. Their economic performances are thus dependent of the activities of vulnerable sectors, and in general of the production of one or some raw materials. In fact, in spite of the growth of the weight...
Persistent link: https://www.econbiz.de/10005616566
This study investigates the energy-growth-trade nexus in Pakistan by using the annual time series data for the period … between gross domestic product and energy consumption points to the presence of feedback hypothesis in Pakistan. We therefore … growth in Pakistan. The present study may guide policymakers in formulating a conclusive energy and trade policies for …
Persistent link: https://www.econbiz.de/10010929414
In 1980, Venezuelan income per capita in dollars was 1.4 times higher than that of Colombia, but in 2007, this ratio was reversed and the Colombian income was 1.1 higher than that of Venezuela. This result deserves an explanation, as both countries made similar structural reforms to allow a free...
Persistent link: https://www.econbiz.de/10005747271
There is a generally held belief that an expansion of the exports sector in a country would usually lead to an improved economic growth. However, a survey of the literature indicates that a great variety of techniques, data sets and country groups have been employed in empirical assessments of...
Persistent link: https://www.econbiz.de/10011213122
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10010547158