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This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10014023765
This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and … globalisation components, we find that the IGG-impeding net effect of the latter is rather striking. Third evidence from our … improve Africa's economic architecture level, the envisaged IGG gains of economic globalisation might prove elusive. …
Persistent link: https://www.econbiz.de/10014292764
This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and … globalisation components, we find that the IGG-impeding net effect of the latter is rather striking. Third evidence from our … improve Africa’s economic architecture level, the envisaged IGG gains of economic globalisation might prove elusive …
Persistent link: https://www.econbiz.de/10014347989
In his Annual Presidential Address to the Federal Assembly on 30 November 2016, Russian President Vladimir Putin underscored Russia's goal to catch up with the world average growth rates by 2019–2020. As a reminder, the IMF projects 3.7% for the average annual growth rate of the global economy...
Persistent link: https://www.econbiz.de/10012952697
The results of the estimates obtained using the Gaidar Institute method of decomposing Russia's GDP growth rates show that in 2015 all of the components of economic growth rates will make them negative. Furthermore, the current economic contraction is mostly of structural nature induced by the...
Persistent link: https://www.econbiz.de/10013023163
The Gaidar Institute has developed a method of decomposing Russia's GDP growth rates into the structural, foreign trade, and market-based components based on the decomposition algorithm decomposing macroeconomic indicators of developed countries (OECD). The algorithm has been refi ned to take...
Persistent link: https://www.econbiz.de/10013028752
World trade growth rates have significantly slowed: in 2015, the volume of world trade went up by 2.8% and according to the WTO forecast will remain at the same level throughout 2016. As a result, the current year will be the fifth year in a row when the trade turnover will increase by less...
Persistent link: https://www.econbiz.de/10012986096
Calculations of decomposition of the RF GDP growth rates in 1999–2015 and the MED's forecast for 2016–2019 show that in current conditions cyclical components related to the domestic business cycle's entering the positive phase are the only source of economic growth. However, they alone are...
Persistent link: https://www.econbiz.de/10012988026
This article aims to examine the long and short run relationship between agricultural exports and agriculture share of GDP. Links between series considered are assessed by co-integration analysis using Johansen co-integration technique and ECM-GARCH. Results indicate a positive link in the short...
Persistent link: https://www.econbiz.de/10011813120
In 2018, the growth rate of GDP in Russia (2.3 percent) represents a record high of per annum economic growth rate since 2012. This year-end result is notably above the estimates offered by a majority of international financial organizations (the IMF, World Bank, the OECD), as well as by Russian...
Persistent link: https://www.econbiz.de/10012863468