As a consequence of the increasing globalisation and integration of the world's markets, there has been an intensive process of international fragmentation of production over the last few decades. This phenomenon whereby previously integrated productive activities are segmented and...

The present work analyses the impact of free trade agreements (FTAs) on the improvement of trade flows for ten Middle East and North African Countries (MENA) for the period 1990-2010. An extended gravity model is estimated to analyse the average and individual impact of six FTAs (four...

El objetivo principal de esta investigación es estudiar el efecto de las tecnologías de la información y de las comunicaciones (TIC) sobre el comercio y el desarrollo económico para el caso de España. Las TIC afectan al desarrollo económico directa e indirectamente, y es en el efecto...

In this paper, we investigate the links between inward foreign direct investment and imports in Spain. We show that FDI in this country has been trade-oriented, encouraging greater imports. Foreign production thus magnifies its potential gains with the conventional benefits of trade. A...

In this paper, we investigate the linkages between inward foreign direct investment and imports in Spain. We show that FDI in this country has be reater imports. A cointegration analysis in a multivariate VAR model is applied for Granger temporal causality testing. The strength and direction of...

Historically, outward foreign direct investment has been contemplated as an alternative way of firms' internationalization. In this line, a relational substitution between exports and foreign direct investment would be expected. However, this seems to contrast with recent developments in the...

The openness-growth connection is still an open question in the empirical literature. Although some studies have found that openness has a positive impact on economic performance, others have seriously questioned the significance of this result. The main point that we try to emphasise in this...

This paper uses the Granger non-causality test procedure developed by Toda and Yamamoto (1995) and Dolado and Lütkepohl (1996) to analyse the saving-growth nexus in Mexico. Contrary to the reverse causation between national saving and domestic income found in recent empirical studies, evidence...