By quantifying the determining factors of Czech trade during 1993-2002, this paper enriches the empirical trade literature with evidence from an economy that has undergone intensive structural changes. Our findings lend significance to standard macroeconomic variables such as aggregate demand...

The paper examines the effect of FDI and its interaction with trade openness on income inequality in Nigeria. In doing this, the DOLS estimator is employed to analyse annual time series data covering the period from 1981 to 2015. The study finds that FDI inflows positively affect income...

The world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need...

While the export-led growth (ELG) hypothesis attracted much attention historically, the import-led growth (ILG) dimension received little attention despite important linkages. The present article studies whether the ELG, ILG, growth-led export (GLE) and growth-led import (GLI) propositions hold...

The Customs Union between Turkey and the European Union was the milestone to complete the process of trade liberalization, which had already started in the early 1980s. Global economic environment and Turkey’s Structural Adjustment Programs, which has been supervised by International Monetary...

The Customs Union between Turkey and the European Union was the milestone to complete the process of trade liberalization, which had already started in the early 1980s. Global economic environment and Turkey’s Structural Adjustment Programs, which has been supervised by International Monetary...

We examine the gains from globalization in the presence of firm heterogeneity and potential resource misallocation. We show theoretically that without distortions, bilateral and export liberalizations increase aggregate welfare and productivity, while import liberalization has ambiguous effects....

Until recently, Korea has pursued an export-led growth strategy in which manufacturing exports have played a leading role in the economic growth of the country. There is no question that this strategy has been successful, as Korea joined the ranks of the OECD in a comparatively short period of...

After the economic turmoil in 2001, the Turkish economy quickly recovered, and exhibited distinguished economic performance in successive years without any interruption. This success can be considered as a product of favourable international economic conditions, sound macroeconomic reforms, the...