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This study examines the impact of exports, imports, and trade openness on Namibia's economic growth using the ARDL … cointegration method. The results reveal a significant negative relationship between imports and economic growth, while exports and … driven by exports, imports, and trade openness. The findings suggest that trade liberalisation and export-led growth are …
Persistent link: https://www.econbiz.de/10014230995
The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...
Persistent link: https://www.econbiz.de/10011609050
Foreign direct investment inflows are positively related to economic growth across developing countries — but so are savings in excess of investment. This paper develops an explanation for these known empirical findings by focusing on the limited availability of consumer credit in developing...
Persistent link: https://www.econbiz.de/10012852135
This paper examines equilibrium relationships and dynamic causality between economic growth, exports, and imports in … Nepal using time-series data between 1965 and 2020. This research examines the impact of exports and imports on the economic … growth of Nepal and documents empirical evidence in exports-led growth, imports-led growth, growth-led exports, and growth …
Persistent link: https://www.econbiz.de/10012813301
are consistent with empirical regularities observed in the exports-economic growth linkages. The paper also derives a …
Persistent link: https://www.econbiz.de/10012781726
This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are largely importable or the labor supply is sufficiently elastic, then natural-resource booms increase aggregate investment and worsen the current account, but Dutch `Disease`...
Persistent link: https://www.econbiz.de/10013317683
Persistent link: https://www.econbiz.de/10011940914
Persistent link: https://www.econbiz.de/10001962975
exports and/or imports. Further, and in contrast to previous findings of bi-directional causality, around 70% of the countries …
Persistent link: https://www.econbiz.de/10014209366
This paper investigates how country-specific external demand, external financial conditions,and terms of trade affect medium-term growth in Emerging Market and DevelopingEconomies and the occurrence of growth accelerations and reversals. The importance ofcountry-specific external conditions for...
Persistent link: https://www.econbiz.de/10012922632