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external trade and finance - including foreign direct investment, remittances, and aid - play a critical role. It is therefore …There are significant income and nonincome development gaps around the world. Closing these gaps will require not only … increasing and sustaining economic growth in low-income regions, but also policies that close nonincome development gaps directly …
Persistent link: https://www.econbiz.de/10008658813
This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....
Persistent link: https://www.econbiz.de/10013122315
Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will acquire military prowess commensurate with its wealth and...
Persistent link: https://www.econbiz.de/10013226955
The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …
Persistent link: https://www.econbiz.de/10011985843
The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …
Persistent link: https://www.econbiz.de/10011845329
. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …
Persistent link: https://www.econbiz.de/10011298529
effects of globalization on economic growth and income inequality. The index comprises 25 indicators that represent the key …, it may worsen income inequality. High-income countries benefit most in that the positive effect of globalization on … economic growth is strongest among them than on other income groups, and they experience a less pronounced widening of income …
Persistent link: https://www.econbiz.de/10012835362
effects of globalization on economic growth and income inequality. The index comprises 25 indicators that represent the key …, it may worsen income inequality. Highincome countries benefit most in that the positive effect of globalization on … economic growth is strongest among them than on other income groups, and they experience a less pronounced widening of income …
Persistent link: https://www.econbiz.de/10012030661
by privatizations in production and trade. Accordingly, international trade barriers are reduced as a country moves …'s imports. There is a literature on positive effects of trade liberalization and economic growth. Not unsurprisingly, the … Chinese government retaliated by introducing tariffs on US produced goods. For the time being, the result of this trade war on …
Persistent link: https://www.econbiz.de/10012199154
that entrepreneurial activity does not moderate the relationship between finance and economic growth. The study also finds … finance and entrepreneurial activity does not significantly influence economic growth, we strongly recommend that African …
Persistent link: https://www.econbiz.de/10009788598