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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 recent slowdown of the People's Republic of China (PRC) has led to question to what extent the PRC demand of commodities can have an impact on commodity prices. We take into account the fact that commodity prices are characterized by structural breaks, and to this end we make use of novel...
Persistent link: https://www.econbiz.de/10011579549
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
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/10010369159
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