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This article analyzes the relationship between GDP growth in seven major Latin American countries and China's demand for their exports. GLS panel estimation using annual data for the period 1994-2013 shows that the relationship was both statistically and economically significant. Control...
Persistent link: https://www.econbiz.de/10012964037
empirically that aid and FDI affect development very differently. Aid contributes powerfully to both economic growth and human … development, and the higher the level of human capital in a country, the more aid contributes. By contrast, FDI at best has no … that the degree of democratic responsiveness in government conditions the effectiveness of either aid or FDI, though we do …
Persistent link: https://www.econbiz.de/10014065138
For over a decade now, various efforts have been put in place by various governments of the developing economies to promote economic growth, financial development and expand trade with mixed results. The ability of financial development and/or trade openness to influence economic growth in the...
Persistent link: https://www.econbiz.de/10011597954
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
Purpose This paper examines the relationship of financial market inclusion, economic growth, foreign direct investment and real output on trade openness for the Saudi Arabia Economy. Trade openness potentially is a major source of economic growth and development. Design/methodology/approach This...
Persistent link: https://www.econbiz.de/10013413558
We study capital flows in a panel of 130 countries, and derive the implications for the observed patterns of capital flows and capital controls before and into the crisis of 2008–11. We find that the size of capital flows is positively correlated with country's income level. In addition,...
Persistent link: https://www.econbiz.de/10010588397
This paper analyzes the economic impact of unions on productivity in the manufacturing sector across six Latin American countries: Argentina, Bolivia, Chile, Mexico, Uruguay, and Paraguay. Using an augmented Cobb-Douglas production function, the paper finds that unions have positive, but mostly...
Persistent link: https://www.econbiz.de/10010235243
The purpose of this paper is to set the issue of Chinese investment in Southeast Asia in two contexts: the changing geography of economic growth and patterns of trade and investment across the world as a whole, and the accompanying quiet revolution that has taken place in the international...
Persistent link: https://www.econbiz.de/10013067322
This paper analyzes the economic impact of unions on productivity in the manufacturing sector across six Latin American countries: Argentina, Bolivia, Chile, Mexico, Panama, and Uruguay. Using an augmented Cobb-Douglas production function, the paper finds that unions have positive, but mostly...
Persistent link: https://www.econbiz.de/10013059249
Este artículo analiza el carácter político de la tributación, lo que ayuda a explicar por qué no ha sido homogénea la adopción del modelo auspiciado por el FMI en América Latina. Toma a Colombia como caso de estudio para mostrar que las reformas tributarias están supeditadas a su...
Persistent link: https://www.econbiz.de/10013078166