This study focuses on the implications of current account deficit upon the external debt increase in Romania, revealing higher risks for the sustainability of its international financial position. Considering the trade deficit as a main cause of current account balance deterioration, several...

This paper combines some of the most realistic components of the competitive and strategic trade literature to examine both socially and individually optimal domestic input policies in free trade areas (FTAs). When asymmetries in the number of firms, in the number of consumers, or in production...

This paper focuses on finding out the leading sectors with high potential to maintain and consolidate the comparative and competitive advantages of the Romania’s exports and analyses the change in the pattern of Romanian export specialisation by estimatin

This study examines the causal links between exports and economic growth in COMESA countries so as to assess Export-led Growth and Growth-driven Export hypotheses. The study applies Granger causality tests in heterogeneous panels recently developed by Dumitrescu and Hurlin (2012). The results...

This paper investigates causal relationships between exports, imports, and economic growth in Malawi over the period 1961-2010. These relationships are examined using the Johansen frameworks for co-integration whereas the Vector Error Correction (VECM) framework is further used to provide...

This paper investigates Jamaica’s aggregate import demand function with the United States and the United Kingdom from January 1996 to September 2010 using cointegration analysis and error correction modeling techniques. Using real gross domestic product, relative price of imports, real...

India and Brazil are among the fastest growing economies of the world and are widely projected as major economies of future. Indo-Brazil links go back five centuries. In recent years, relations between Brazil and India have grown considerably and co-operation between the two countries has been...

The empirical relationship between trade openness and economic growth of India has been a debatable issue. The existing literature fails to provide an unambiguous answer. The paper examines this empirical relationship for the time period 1970-2010 using Vector Autoregression method and...

A distinctive characteristic of The Global Economy over the last few decades has been the rising rate and the impressive increase in the Foreign Direct Investment (FDI globally). Due to the potential role that foreign direct investments may play in accelerating the growth rate and re-shaping the...

Este artículo propone un algoritmo para identificar rutas de transformación productiva con base en estimaciones de distancia entre productos. El algoritmo encuentra secuencias de bienes que describen la transición o ruta entre las ventajas comparativas de un país y sus objetivos de política...