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The antecedent studies have designed new funding with the intellectual capital money (IKM) upon trading the intellectual capital (IK) to ensure unimpeded access to it and spur its generation and exploitation. This piece examines the static and dynamic behavior of IKM in an open economy. The...
Persistent link: https://www.econbiz.de/10014346507
This paper is concerned with international reserves where the accumulation of reserves is financed by public debt. Optimally controlled paths are used to illustrate the possibility of long term instability in a small macroeconomic system. The results indicate that reserve accumulation financed...
Persistent link: https://www.econbiz.de/10013141652
(LICs). We apply two panel estimation techniques: fixed effects (FE) and common correlated effects pooled mean group (CCEPMG …
Persistent link: https://www.econbiz.de/10012907941
This study empirically investigates the dynamics of the relationship between import demand and foreign exchange … disaggregated import demand function. Results reveal that total imports are significantly affected by domestic prices only; whereas …, demand for goods import is influenced by income. The level of foreign exchange reserves does not influence import demand …
Persistent link: https://www.econbiz.de/10014500713
Persistent link: https://www.econbiz.de/10001666740
Ukrainian exports can be explained by standard demand theory in the long run. Using the Johansen procedure the data do … hryvnia there might be a deterministic element in the long-run relationships. When allowing for a trend in the co-integration …
Persistent link: https://www.econbiz.de/10001622349
A shortcoming of most empirical studies on aggregate exports is their exclusive focus on the demand side. Moreover, the … effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand … vector error correction model is the appropriate econometric framework. Using the Johansen procedure, two cointegration …
Persistent link: https://www.econbiz.de/10011474729
Ukrainian exports can be explained by standard demand theory in the long run. Using the Johansen procedure the data do … hryvnia there might be a deterministic element in the long-run relationships. When allowing for a trend in the co­integration …
Persistent link: https://www.econbiz.de/10011476237
' demand for reserves moved over time? We provide a structural time-varying estimate of the slope of the reserve demand curve … approach to address endogeneity. Consistent with economic theory, our estimates show a nonlinear demand function that exhibits …
Persistent link: https://www.econbiz.de/10013257201
Purpose This study estimated total import demand elasticities concerning income, import prices and domestic prices. A … high propensity to import constitutes a significant obstacle to economic growth in Mexico since the benefits of increased … exports or any other aggregate demand expansion leak to the rest of the world. Design/methodology/approach This paper …
Persistent link: https://www.econbiz.de/10014506796