Showing 1 - 10 of 39,739
Aim/purpose - This study explores the nexus between Foreign Direct Investment (FDI), trade openness, exchange rate, and Gross Domestic Product (GDP) per capita in Vietnam between 1986 and 2020. Design/methodology/approach - The Vector Error Correction Model (VECM) was used to evaluate the nexus...
Persistent link: https://www.econbiz.de/10015422587
Trade and industrial production have been increasingly interlinked, thanks to the vertical integration of global manufacturing through outsourcing and off-shoring. The expansion of international supply chains apparently determined an increase in trade elasticity observed since the late 1980s,...
Persistent link: https://www.econbiz.de/10013127677
Drawing on selective stylized facts, the paper evaluates the growth-effects for African countries and the disruptive potentials resulting from the COVD-19 pandemic, as African countries are involved in intra-regional integration processes. As AfCFTA involving 55 countries (ratified by 22...
Persistent link: https://www.econbiz.de/10014232447
Using the World Input-Output Database (WIOD) spanning from 1995 to 2010, this paper firstly investigates the drivers of Global Value Chain Reconfiguration (GVCR) and their influencing mechanisms; empirical results indicate that technological progress and regional cooperation have significantly...
Persistent link: https://www.econbiz.de/10014145430
The current empirical literature shows that logistics plays a vital role in increasing the total volume of international trade. However, there is scarce literature on the impact of logistics performance on global value chain trade. Therefore, the objective of this paper is to investigate the...
Persistent link: https://www.econbiz.de/10014460382
The organisation of business activities into global value chains was a defining component of the significant advancements in globalisation witnessed in the three decades leading up to the Great Recession. In the years that followed the speed of global trade integration slowed down, and the...
Persistent link: https://www.econbiz.de/10013162382
Popular opposition to globalization may be interpreted as xenophobia or hostility to market economics and signal …
Persistent link: https://www.econbiz.de/10014029012
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every … along the different dimensions of globalization. We also disentangle trade and financial globalization within the economic … dimension of globalization and use time-varying weighting of the variables. The new index is based on 43 instead of 23 variables …
Persistent link: https://www.econbiz.de/10011954444
This paper proposes a neoclassical growth model of a small open economy, connecting international trade to real GDP growth and structural transformation from agriculture to non-agriculture. The calibrated model generates 'growth miracles,' to which the contributors are learning by doing and...
Persistent link: https://www.econbiz.de/10014042577
This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export concentration measures, we present strong evidence pointing to an important role for export diversification in conditioning the effect of trade openness on growth volatility....
Persistent link: https://www.econbiz.de/10013098217