As the current financial crisis has shown, macroeconomic imbalances such as persistent current account and trade deficits, can seriously undermine a country's resilience to economic shocks. Maintaining and enhancing external competitiveness has thus become of increasing concern, particularly to...

As a consequence of the European recession, interest of Central European firms has increased towards Asian markets. Trade and investment relations seem to have intensified between the four Visegrád countries and East Asia. This paper aims to analyse trends of foreign direct investment and the...

All advanced economies have experienced a secular decline in the share of manufacturing employment a phenomenon referred to as deindustrialization. This paper argues that, contrary to popular perceptions, deindustrialization is not a negative phenomenon, but is the natural consequence of the...

This paper shows that deindustrialization is explained primarily by trends internal to the advanced economies. These include the combined effects on manufacturing employment of a relatively faster growth of productivity in manufacturing, the associated relative price changes, and shifts in the...

We provide a tractable theory of innovation and technology diffusion to explore the role of international trade in the process of development. We model innovation and diffusion as a process involving the combination of new ideas with insights from other industries or countries. We provide...

Spanish Abstract: Durante las presidencias de Néstor Kirchner (2003-2007) y Cristina Kirchner (2007-2015) en Argentina, y de Lula (2003-2011) y Dilma Roussef (2011-2016) en Brasil, ambos países mostraron tasas de crecimiento relativamente altas, los salarios reales aumentaron y la pobreza...

This study aims to show the direction of causalities between imported production goods (investment and intermediate) and foreign exchange rate, export, and gross national product, between export and gross national product (GNP) during import substitution and export oriented industrialization...

This paper analyses the structure of Greek exports and presents policy recommendations to boost export performance. Despite recent improvements, export performance deteriorated in the last decade particularly in the service sector. The decline in unit labour costs since the beginning of the...

The pre-eminence of trade and investment in the economic prosperity of developed and developing countries cannot be overemphasized. Many studies have shown a strong positive impact of trade on economic growth across developed and the emerging market. However, very little is known about the...

This study assesses the impact of trade openness on economic growth among ECOWAS countries using secondary data from 1975 to 2017. The study uses non-stationary heterogeneous dynamic panel models through the application of Pooled Mean Group (PMG) and Mean Group (MG) estimators since time...