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A switching regression model is employed to test for the presence of financial constraints in the determination of oil exporters′ imports from industrial countries. The main assumption of the model is the exogenous determination of this bloc′s terms of trade. The analysis uses both discrete...
Persistent link: https://www.econbiz.de/10014863843
Purpose – The purpose of this paper is to establish a model to study the determinants of financial flows, portfolio and foreign direct investment (FDI) flows, and the impact of these determinants on economic variables in samples of developing and advanced countries. The analysis then turns to...
Persistent link: https://www.econbiz.de/10014768773
Zusammenfassung Der vorliegende Artikel verfolgt die Zielsetzung, im Kontext langfristig global erodierender, komparativer Wettbewerbsvorteile von Entwicklungsländer-Destinationen auf theoretisch-konzeptioneller Basis Möglichkeiten zur Institutionalisierung von nachhaltigen...
Persistent link: https://www.econbiz.de/10014624367
globalization (sustained and higher world demand and strong global competitiveness) is the main cause of global disinflation …
Persistent link: https://www.econbiz.de/10014863262
posseses a first class place in the World economy – both in relative and absolute terms. During the course of the study effort … vs the rest of the developed non‐eurozone world. Indeed, the study tries to defend the eurozone using objective data … against a multitude of gloomy predictions, raised by several world partners, for the performance and the future of the …
Persistent link: https://www.econbiz.de/10014863359
Analyses how the status of balance of payments follows se\ill\ fulfilling expectations of currency devaluation. It is found that before a currency devaluation, whether the economy w\ill\ experience a balance‐of‐payments surplus or deficit crucial depends on the degree of capital mobility.
Persistent link: https://www.econbiz.de/10014863410
unstable in the 1980s, partly as a result of world recession, but also because of structural problems in the tourism industry …
Persistent link: https://www.econbiz.de/10014863436
This study analyzes the impact of the North American Free Trade Agreement (NAFTA) on the trade between Mexico and the U.S. NAFTA was signed by the U.S., Canada and Mexico on 17 December 1992 and took effect on 1 January 1994. This research found that NAFTA led to a significant increase in U.S....
Persistent link: https://www.econbiz.de/10014766341
Purpose – The purpose of this paper is to examine Fritz Machlup's method and use of scenario analysis in the policy discussions around exchange rate solutions to balance of payments problems. Design/methodology/approach – The qualitative research on which this paper is based is the...
Persistent link: https://www.econbiz.de/10014884866
Purpose This study aims to discuss the consequences of trade-based money laundering (TBML) and informal remittance services on the sustainability of the position of balance of payments and net foreign assets of a small open economy. Design/methodology/approach This paper uses a case study design...
Persistent link: https://www.econbiz.de/10014886710