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What you export matters : does it really?

Grancay, Martin; Grancay, Nora; Dudas, Tomas - In: Contemporary economics 9 (2015) 2, pp. 233-244

for economic growth. The authors developed an indicator of income level linked to the country’s exports they called EXPY … 2004 - 2013. We show that, in the aggregate, higher values of EXPY are connected with faster economic growth. However, the … between export sophistication and economic growth. As a result, we argue that EXPY is not a good predictor of future economic …

Persistent link: https://www.econbiz.de/10011305993

240 years of Swedish terms of trade : structure, volatility, and connection to economic growth

Häggqvist, Henric; Karlsson, Lars; Hedberg, Peter - 2023

In this paper we present new foreign trade- and price data to analyze Swedish terms of trade in the very long run, from 1780 to 2018. We examine what influenced the trend in the terms of trade in the long run, particularly in how it related to the general trade structure. We also analyze the...

Persistent link: https://www.econbiz.de/10015427089

Absorptive capacity and the impact of commodity terms of trade shocks in resource export-dependent economies

Terada Hagiwara, Akiko; Villaruel, Mai Lin C.; Edmonds, … - 2016

This paper investigates the role of “absorptive capacity” to manage unexpected shocks to their real economy, with a focus on small, open, natural resource-dependent economies. A quarterly panel data series for 45 countries is constructed, including 23 developing Asian countries for empirical...

Persistent link: https://www.econbiz.de/10011579034

Chapter 66 The Measurement of Productivity for Nations

Diewert, W. Erwin; Nakamura, Alice O. - In: Handbook of econometrics : volume 6A, (pp. 4501-4586). 2007

This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their growth over time and relative counterparts are defined as...

Persistent link: https://www.econbiz.de/10014024949

Exchange rates, international trade and growth : re-evaluation of underevaluation

Sokolova, Maria V. - 2016 - This version: June 2016

This paper shows that a regional bias resulting from trade integration alters the transmission of a countryś monetary policy by shifting the burden of the exchange rate adjustment towards the less integrated trading partners. I first develop a simple model which illustrates how a concentration...

Persistent link: https://www.econbiz.de/10011490957

Exchange rates, international trade, and growth : re-evaluation of undervaluation

Sokolova, Maria V. - 2017 - This version: November 2016

This paper shows that regional trade integration shifts the burden of the exchange rate adjustment towards the less integrated trading partners. Thus, they bear the cost of trade balance expansion, while competitive exchange rate moves vis-a-vis RTA trading partners result in no expansion or...

Persistent link: https://www.econbiz.de/10011615589

Relationship between Trade Liberalisation, Growth and Balance of Payments in Developing Countries : An Econometric Study

Parikh, Ashok K. - 2004

The objectives of this paper are to study the impact of liberalisation on trade deficits and current accounts of developing countries. It is expected that trade liberalisation would promote economic growth from the supply side by leading to a more efficient use of resources, by encouraging...

Persistent link: https://www.econbiz.de/10014070258

World-trade growth accounting

Egger, Peter; Nigai, Sergey K. - 2016 - This draft: March 2016

We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect components (general equilibrium effects). Furthermore,...

Persistent link: https://www.econbiz.de/10011444883

Outward-orientation and development : are revisionists right

Srinivasan, Thirukodikaval N.; Bhagwati, Jagdish N. - 1999

The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...

Persistent link: https://www.econbiz.de/10011609050

The triangular relationship between energy consumption, trade openness and economic growth : new empirical evidence

Bonsu, Mandella Osei Assibey; Wang, Ying - In: Cogent economics & finance 10 (2022) 1, pp. 1-19

Our paper examines the triangular relationships between energy consumption, trade openness and economic growth of 45 countries from 1991 to 2014 using dynamic seemingly unrelated regression (DSUR) models. We confirm a bidirectional relationship among energy consumption and income, trade openness...

Persistent link: https://www.econbiz.de/10014500361