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Countries pass through different stages of structural transformation. In the early stage of development, economic activity is dominated by agriculture and mining. As a country develops, firms adopt new technology and move toward industrialization and faster economic growth. Eventually, the...
Persistent link: https://www.econbiz.de/10012199154
This paper assesses the impact of the 2005 multilateral Hong Kong Ministerial decision on duty free quota free (DFQF) market access for products originating in Least developed countries (LDCs) on the latter's export performance. The analysis is conducted over a sample of 41 LDCs, with data...
Persistent link: https://www.econbiz.de/10011504648
This paper examines the mechanisms through which trade openness affects output volatility using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade leads to...
Persistent link: https://www.econbiz.de/10014056159
Over the last decades there has been a sizeable increase in trade and financial openness, triggered by current and capital account liberalization as well as improvements in transport and communication technologies. As a consequence, the importance of spillover effects is likely to have increased...
Persistent link: https://www.econbiz.de/10011518032
In this paper we propose the use of a sequential multivariate approach to test for convergence. These tests allow us to … reconcile the time series literature with the cross-sectional dimension which is basic when testing for convergence in regional … unit root tests in two stages. First, we test for non-convergence without identifying the countries within the group that …
Persistent link: https://www.econbiz.de/10009391439
This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...
Persistent link: https://www.econbiz.de/10011326958
This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...
Persistent link: https://www.econbiz.de/10014114578
The institutional reforms towards trade liberalizations in Latin America during the 1980s and the 1990s have introduced a good measure of import competition, but trade policies alone are not sufficient to create a competitive environment in an economy. The countries in Latin America have not had...
Persistent link: https://www.econbiz.de/10014065689
reduced convergence among European industries and related countries. To answer this question, we draw upon new input …-output linkages. According to our findings, higher vertical integration has fostered divergence rather than convergence within …
Persistent link: https://www.econbiz.de/10014289252
The nature of South-South international economic relations has changed significantly in recent decades, especially since the early 1990s. In areas such as trade, investment, labor markets, technology, and policy coordination, regional cooperation between countries of the South and pro-market...
Persistent link: https://www.econbiz.de/10009301853