We propose a multi-country dynamic general equilibrium model to quantify the implications of trade and FDI … of bilateral trade and FDI flows across 5 major economies as well as their CA balances over 1996-2014. Our counterfactual … experiments suggest that the decline in trade and FDI costs accounts for about half of the increase in global trade imbalances and …

Chinese foreign direct investment (FDI) on the growth of African countries controlling the mediating role of institutional … and Chinese FDI to African countries. The benign impacts of the China-Africa trade and Chinese FDI on economic growth to … and Chinese FDI subject to the institutional quality of African countries and the interdependence of China-Africa trade …

Japan would initially dampen domestic growth, over the medium term the impact on both the domestic and regional economies …

standard properties of a closed economy one-sector neoclassical growth model hold, ruling out cycles and chaos, and allowing us … endogenous Balassa-Samuelson effect. -- neoclassical models of trade ; economic growth of open economies ; cross-country output …

annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a … control group of countries. The temporary increase in the growth rate of the real wage drives up the level of average annual …-liberalization salary. The increase in the growth rate of labor productivity in the aftermath of liberalization exceeds the increase in the …

annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a … control group of countries that do not liberalize. The temporary increase in wage growth drives up the level of the average …