The novelty of this paper is to use national rate of assistance (NRA) to assess the impact of domestic support on food security vulnerability to trade. We first build a theoretical framework linking the vulnerability of food security to trade and national policy intervention in agriculture....

Due to an increase in export shares of Kazakhstan, Russia and Ukraine (KRU) the competition in global wheat market has become more intense during the last decade. Hence, this study aims to analyze the market structure of KRU over the period 2004-2010. By using the gravity trade model and Poisson...

The study takes a cursory look at reaction of macroeconomic variables due to exchange rate shocks of four selected WAMZ countries in order to assess the level of macroeconomic convergence in the zone between the declaration’s year of WAMZ, 2000 and 2010 using Structural VAR country by...

India received, over the past two decades substantial amount of Foreign Direct Investment (FDI) inflows. The purpose of this study is to empirically investigate the determinants of FDI inflows in India using time series data for the period 2001-02 to 2011-12. In the analysis, FDI inflows are...

Using the “trilemma indexes†developed by Aizenman et al. (2010) that measure the extent ofachievement in each of the three policy goals in the trilemma—monetary independence, exchange ratestability, and financial openness—we examine how policy configurations affect...

Macroeconomic models of nominal exchange rates perform poorly. In sample, R 2 statistics as high as 10 percent are rare. Out of sample, these models are typically out-forecast by a naïve random walk. This paper presents a model of a new kind. Instead of relying exclusively on macroeconomic...

This study demonstrates why devaluation was ultimately necessary in Malawi and also what its eventual impact might be in terms of prices, income distribution, and domestic production. Our approach is to use a computable general equilibrium (CGE) model to evaluate the economywide impacts of...

Recent findings in the growth literature suggest that developing countries need to keep a devalued exchange rate to stimulate their economic growth. Building on these findings, we econometrically evaluate to what ex-tent the real exchange rate of Pakistan has been aligned with its economic...

Why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. A possible offset to the beneficial effects of aid is examined using a methodology that exploits both cross-country and within-country variation.

The intention of this paper is to examine the impact of Indian Rupee depreciation on Bangladesh Economy. The empirical results obtained from OLS for the sample period from 2007:10 to 2013:10 show that Bangladesh’s export to India is sensitive to India’s Rupee depreciation.