This paper argues that Japanese Foreign Direct Investment (FDI) in China plays a critical role in home and host country’s bilateral trade imbalances with the U.S. Using six cross-sectional panel data from 1981 to 2007, we find strong evidence in support of the role of Japanese FDI in mounting...

This paper aims at investigating the important factors affecting Cambodia's trade flows to major 20 trading countries from 1994 to 2004. The analysis employs a gravity model with some modifications. Assuming that other factors are constant, the results indicate that the trade flows significantly...

Empirical studies show that there exists a migrant network effect, which boosts foreign direct investment (FDI) from the developed (where migrants work) to developing countries (where migrants come from). We add the migrant network effect in the macro-dynamic framework characterizing a traded...

We employ a two-step methodology to evaluate the impact of national familial culture on economic growth across countries. The composite measures of familial culture are created from three variables – the importance of family, perceived respect and love for parents, and perception of parents’...

This paper analyzes the long-run impact of remittances on socio-economic development in the Caribbean Community and Common Market (CARICOM) between 1970 and 2013. We find that remittances have improved the health indicators, reducing infant and child mortality, and food deficit and improving...

We investigate the effect of trade restrictions on the perception of well-being. Using combined cross-sectional micro data from the World Values Survey and the European Values Survey of individuals in 89 countries, we find that citizens of a country with a lower degree of trade restrictions are...

This paper investigates the impact of telecommunications infrastructure in Sub-Saharan Africa. We use the World Development Indicators database and apply the instrumental variable-generalized method of moments to a panel of 47 countries over the period 1993–2012. The results show that the...