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1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long …-run relationship between financial development and economic growth. An augmented form of Granger causality analysis is implemented to … identify the direction of causality among the variables both in the short-run and the long-run. The empirical findings suggest …
Persistent link: https://www.econbiz.de/10011523134
Preliminary results for 2015 have shown no substantial structural changes in both imports and non-energy exports. The import structure is most stable: the percentage share of chemical industry products, which are used basically as by-product in the domestic manufacturing industry, has seen some...
Persistent link: https://www.econbiz.de/10013000649
In this paper, we provide a new methodology in constant-market-shares (CMS) analysis and the measurement of export competitiveness. The main issue in CMS analysis is the difficulty in reconciling the continuously changing nature of country and world exports with the available discrete time data...
Persistent link: https://www.econbiz.de/10012958630
Russian exports of services in 2017 grew by 14%. To achieve the export target set by the President's decree of May 7, 2018 to the tune of $100 billion over the next six years, annual growth of 9% will be required. Import of services in 2017 grew by 19% mainly due to 30% increase in traveling...
Persistent link: https://www.econbiz.de/10012917284
The weak global GDP growth since the financial crisis in 2007-2009 has coincided with unusually weak growth in global trade. Organisations that monitor international macro-economic development have identified growing protectionism – not least the increase in non-tariff barriers to trade, such...
Persistent link: https://www.econbiz.de/10013224809
Bangladeshi economy over the last decade has occurred within the framework of a liberal trade and small investment regime as a small open economy. However the environmental problem arises due to all goods and services produced in the economy are directly or indirectly associated with power,...
Persistent link: https://www.econbiz.de/10014224290
It has been widely accepted that economic globalization is inevitable, and that globalization plays an increasingly important role in determining relative economic growth among countries. Considerable studies have addressed that increased in globalization or trade liberalization is directly or...
Persistent link: https://www.econbiz.de/10014225171
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
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