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We examine the relationship between trade balance and net export with both, the official and real effective exchange rates on the J-Curve hypothesis and find evidence to support in favor of the hypothesis, coming from a panel data of 49 developing countries from Africa. Countries can improve...
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Backus, Kehoe and Kydland in their analysis of the dynamic effect of terms of trade on the trade balance found that the lead and lag correlation between these two variables is S-shaped for a set of OECD countries. Furthermore, they show that this S-curve can be replicated by a two-country...
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(1991) for Pakistan, Schady (2003) for the Philippines, and Mora (2008) for Colombia. Testing the sheepskin or credential … the case of Pakistan. Specifically, this paper explores the above question of interpretation of sheepskin effects in the … case of Pakistan. Using the IFPRI-sponsored, 1987 Pakistan Survey of Rural Education, Migration and Employment (PSREME), it …
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of data from Pakistan villages. Empirical results are consistent with the economic arguments. Incentive constraints due …
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The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance differs tremendously across developing countries. We...
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