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research and discussions. Experts have argued that the relationship between trade and economic growth in the ECOWAS region is … unclear and the question of whether trade promotes growth and development is controversial. In this paper, an attempt is made … to analyse the impact of trade on economic growth both from a theoretical perspective and using econometric evidence from …
Persistent link: https://www.econbiz.de/10011843507
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 …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
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
The objective of this research is to find the long-run association among financial liberalization, international trade … mechanism is employed to analyze the objective of our study. The empirical result shows that both trade liberalization and …
Persistent link: https://www.econbiz.de/10013116232
This paper investigates the impact of trade openness on economic growth and development for a sample of 85 middle … trade openness has been one of the main drivers of the level of development, but not of economic growth in middle income … countries. Secondly, that trade openness is both a cause and a consequence of the level of development in middle …
Persistent link: https://www.econbiz.de/10013097488
Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...
Persistent link: https://www.econbiz.de/10012783113
We study the influence of the exchange rate on the speed of economic recovery in a sample of 67 developed and developing economies over the years 1989-2019. First, using a cross-sectional sample of 341 economic recoveries, we study the effect of nominal depreciation and real undervaluation on...
Persistent link: https://www.econbiz.de/10013332929
The notion that international trade is the foundation of economic growth dates long back, and even now, an irresistible … body of literature confirms a strong and positive link between trade openness and economic growth. However, most of these … relationship between trade liberalization and economic growth in Afghanistan, using biannual data for the period 1995–2016, and …
Persistent link: https://www.econbiz.de/10013306001
This article aims at assessing the main characteristics of the business cycle of 80 developed and developing countries. By comparing the possibility for these economies to enter or to exit a recession and the associated consequences, it aims at complementing existing literature with regard to...
Persistent link: https://www.econbiz.de/10011446268
This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focuses on...
Persistent link: https://www.econbiz.de/10009518225