Purpose: This paper examines the long-run impact of foreign direct investment and trade on economic growth in Ghana. Methodology: Using an augmented aggregate production function (APF) growth model, we apply the bounds testing (ARDL) approach to cointegration which is more appropriate for...

Since the 1987 Single European Act, the European Union has deepened its integration process. In the case of the determination of the common external tariff, deeper integration implies that the tariff reflected union-wide preferences. If integration is still shallow, though, the observed tariff...

This dissertation is anchored in the disruptive impact of China’s resource-based economic expansion over the last two decades. Whilst the country’s economic growth follows traditional patterns of development, the size of China’s population challenges the small-country assumption inherent...

The process of globalization has wrought a major change in the international economy, and the scope of feasible trade between countries has broadened. Global value chains (GVCs) combine participation by a large number of suppliers across the world in the production of modern manufactured goods...

LDCs' trade patterns changed in the past decade, thanks to the rebalancing of global demand towards large emerging countries and the resulting cycle of high international commodity prices. This process led to a wider geographical diversification of LDCs' exports but contributed also to a greater...

In the 90’s, the Mercosur countries experienced a strong growth of trade and foreign direct investment (FDI). To examine the relationship between FDI, trade and regional integration in the Mercosur, we tested different disaggregated gravity equations on trade and FDI flows between two Mercosur...

This paper analyzes if the industrial policy framework of the Indian Government with regard to the proliferation of SEZs has satisfied its aims and objectives. The analysis however, shows otherwise. The empirical results show that the policy of the Indian Government has been lopsided, wherein...

The study is organized as follows: Chapter 1 reviews the recent performance of the Honduran economy and the objective and coverage of the study. Chapter 2 provides a detailed examination of policies guiding trade and key institutions controlling trade practices. Chapter 3 describes trade control...

The WTO’s new Agreement on Trade Facilitation (ATF) will help to reverse the region’s deceleration of overall export growth and, when implemented, could add as much as 3 percent to regional GDP and lift employment across the region by 1.2 percent. In the region’s developing economies,...

The process of globalization has produced a strong transformation of the international economy in recent decades, to increase the spectrum of economic activity that is likely to be traded between countries. Technological change and other factors that affect the costs of trade have led to new...