Purpose: Nigeria is currently in recession, a situation described as induced by decreases in oil output and export, caused by the bombings of oil pipelines in its Niger Delta region, and the unanticipated decline in its value of exports and currency, resulting from the decline in oil prices....

This paper establishes a general equilibrium trade model and adopts the "market access" approach to measure the impact of the high-speed railway (HSR) network on the economic growth of 110 of the main prefecture-level cities of the People's Republic of China, for which we manually collect the...

In this paper we discuss the determinants which contribute to outbound tourism expenditures. The aim is to show whether and how different socio-economic factors in countries of origin are responsible for the demand, to spent money for tourist activities in foreign countries. While we are able to...

This paper examines the cross-country income and welfare consequences of trade-induced human capital (dis-)accumulation. The model is based on heterogeneous workers who make educational decisions in the presence of complete markets. When such heterogeneous workers invest in schooling, high type...

In 2007, Hausmann, Hwang and Rodrik (HHR) demonstrated that export specialization patterns have important implications for economic growth. The authors developed an indicator of income level linked to the country's exports they called EXPY and showed that higher values of the indicator lead to...

This study examines the nexus between foreign trade and economic growth in Nigeria using quarterly time-series data for 1981Q1 through 2010Q4. In order to fully account for feedbacks, a vector autoregressive model is utilized. The results show that there is a stable, long- run relationship...

This paper evaluates the effects of the North American Free Trade Agreement on the economic growth of Mexico, the United States and Canada by means of an augmented Solow growth model. Such a model is estimated with panel data through two econometric methods: 1) the Arellano-Bond dynamic panel...

The European Single Market created a common market for millions of Europeans. However, thirty years after its introduction, it appears that the benefits of the common European project are occasionally being questioned at least by some parts of the population. Others, by contrast, strive for...

The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...