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propelling these economies to miracle-level growth. Just as Bastiat observed, the case made by free trade critics in favor of …
Persistent link: https://www.econbiz.de/10012846238
Persistent link: https://www.econbiz.de/10010394718
This paper studies regional treatment effects of infrastructure projects on economic growth, employment and intermodal …-run economic growth. However, it spurs employment and road freight by stimulating intermodal transport. …
Persistent link: https://www.econbiz.de/10012118650
fuel China's rapid infrastructure development. For Africa, China represents a major trading partner and investor that …
Persistent link: https://www.econbiz.de/10012888806
This paper is an attempt to provide an ideological postulation of Adam Smith and Karl Marx on globalization. This paper gives a fair picture of the different dominant nations over a period of time from sixteen century till 2010. The industrialzation in Europe and later on in North America...
Persistent link: https://www.econbiz.de/10014165883
The global economy of the past century was dominated by the United States and Western Europe. When they sneezed, the old joke goes, the rest of the world caught a cold. But that dominance is now being challenged by the rise of rapidly growing emerging market economies. And the shift is changing...
Persistent link: https://www.econbiz.de/10013101221
We propose a multi-country dynamic general equilibrium model to quantify the implications of trade and FDI liberalizations for the surge of global trade and current account (CA) imbalances. We calibrate our model to replicate the evolution of bilateral trade and FDI flows across 5 major...
Persistent link: https://www.econbiz.de/10012840844
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10012960473
Our contribution uses trade in value added statistics to assess the causes of the recent world trade slowdown. We conclude that world trade elasticity has fallen due to a combination of regional and cyclical changes during the economic crisis. A cyclical factor is the lower cumulative trade...
Persistent link: https://www.econbiz.de/10012979021
The article addressed the central issue on whether South Africa’s joining of the BRICS has led to a sustainable growth …, direct foreign investment and growth with the BRIC countries. The short-run trade effect was little to instil any significant … effect on South Africa’s growth. BRICS trade does not Granger Cause growth in South Africa. Trade and investment policy …
Persistent link: https://www.econbiz.de/10011784473