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Developing Asia has traditionally relied on exports to the United States (US) and other industrialized countries for demand and growth. As a result, the collapse of exports to the US and other industrialized countries during the global financial and economic crisis has sharply curtailed gross...
Persistent link: https://www.econbiz.de/10003899275
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 study reveals that there is a relationship between foreign direct investments, trade, and growth rate of per capita … do not show any auto-correlation. The trade and foreign investment variables have a significant impact on the growth rate … of GDP per capita. Because FDI and trade are two important components of economic growth in Bangladesh, it is important …
Persistent link: https://www.econbiz.de/10011499650
Market to ensure freer trade and perhaps to create an egalitarian Europe. The post-1993 period saw the biggest enlargement of … had happened in the EU. Our study makes a humble attempt to shed light on the role of trade (both intra-EU and EU versus … trade openness and government expenditure did contribute to per capita income convergence in the EU during the period of our …
Persistent link: https://www.econbiz.de/10012485951
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … capital. The model nests structural gravity subsystems for FDI and trade, with accumulation/decumulation of phyisical and … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …
Persistent link: https://www.econbiz.de/10011718208
The pre-eminence of trade and investment in the economic prosperity of developed and developing countries cannot be … overemphasized. Many studies have shown a strong positive impact of trade on economic growth across developed and the emerging market …. However, very little is known about the simultaneous effect of trade and investment on growth in SSA when institutional …
Persistent link: https://www.econbiz.de/10012023952
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
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
significant, the short-run adjustment becomes positive when the income level increases. This result suggests that different trade …
Persistent link: https://www.econbiz.de/10010902058
This study investigates the energy-growth-trade nexus in Pakistan by using the annual time series data for the period … of 1973-2011. Our main results show: i) the presence of long-run link between energy consumption and trade performance … note that energy conservation policies will reduce the trade performance which in turn leads to the decline in economic …
Persistent link: https://www.econbiz.de/10010929414