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Liberalization of foreign trade and investment raises the domestic ratio of skilled to unskilled wages (skill premium) if the country has a sufficiently well-educated workforce, but lowers it otherwise. Wide wage inequality is undesirable on equity grounds, especially in poor countries where the...
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This paper investigates the linkages between FDI, tradeopenness, and economic growth, and the role of exchangerate … study employed the ARDL and Granger causality test. The results showed no Granger causality between GDP and FDI. Uni …-directional Granger causality was found to flow from GDP to trade openness and FDI to exchange rate. A bi-directional causality was …
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