This paper analyzes the causal relationships between exports, FDI and economic growth among the ASEAN5 countries. We have used a three-stage procedure based on unit root, co-integration and causality tests applied to the panel data from 1981 to 2013. The results reveal that there is a...

Foreign currency reserves are of great significance to any developing country's economic growth prospects. Exports have been for long decades regarded as a major source of foreign currency and a driving force for economic growth. This paper empirically examines the export-led growth paradigm for...

In the wake of the U.S.-Canada Free Trade Agreement, both the U.S. and Canada experienced a sustained increase in job reallocation, including firms moving into exporting. The change involved big firms as much as small firms. To mimic these patterns, we formulate a model of innovation by both...

The disappointing economic performance of Sub-Saharan African (SSA) economies in the late 1980s prompted reforms in foreign trade and Foreign Direct Investment (FDI) in the early 1990s. Using the Autoregressive Distributed Lag (ARDL) approach and Pedroni panel estimation procedures that allow...

The increasing fragmentation of production across borders (the “global value chains” — GVCs) has important implications for the analysis of competitiveness. Two new databases allow to refine the assessment of France's competitiveness. In this context it appears that: 1) France export...

This paper analyzes the long run association between Pakistan's exports and imports from 1972 to 2012. The results of both the Engle and Granger (1987) and Johansen (1991, 1995) cointegration reveal a long run relationship between the two variables. The error correction model results demonstrate...

Composition of capital is systematically related to income levels: rich countries have higher shares of equipment in their physical capital than poor countries. I examine the quantitative significance of productivity and trade for capital composition. Rich countries have more equipment capital...

Macedonian Abstract: Основна цел на овој труд е преку компаративна анализа на две навидум слични, но во пракса целосно различни европски држави – Македонија и Белгија да...

China has grown to become an economic powerhouse and engine of global demand. However, China's projected GDP growth rates are now anticipated to remain below 7% per annum over the next five years. This issue of Trade Insights examines how the ‘new normal' of lower economic growth in China will...

The recent collapse in international commodity prices has both positive and negative implications for Asia-Pacific economies, depending upon net commodity-trade positions. This paper focuses the impacts to net commodity-importing economies of Asia and the Pacific. It highlights that in addition...