Depending on multiple factors and regional characteristics, the area of agricultural land fuctuates with varying scale and speed. These fuctuations generally occur as a result of changes in a way individuals use their land. Human activities, such as agricultural expansion, intensifcation, or...

This paper empirically examines the long-run pass through of the official exchange rates into trade balance in Nigeria by means of threshold cointegration and asymmetric error correction modeling. The study provides evidence for non-linear cointegration between our variables of interest. The...

According to conventional wisdom, 'peripheral' Southern European members of the euro area (Greece, Italy, Portugal and Spain) suffer from a problem of competitiveness. Since their membership of the euro area renders devaluation impossible, adjustment should come through decreasing wages and...

Using a dataset of 101 countries over the 1960-2011 period, we examine the relationship between the real effective exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange rate regime, on the other one. We use new econometric...

A growing number of recent works support the idea of debt threshold level (turning point), above which debt starts reducing economic growth. However, estimated threshold varies sharply across studies and gives a little insight into what the optimal level of debt is. The point is that there is no...

The article analyses the recent developments regarding the Romania trade in goods. We highlight how Romania’s trade in goods evolved after the EU accession. In this period Romania’s exports and imports were influenced by the economic crisis, which had a major impact especially on imports....

The study provides a view on Romanian economy in terms of its competitiveness and potential for sustaining an efficient foreign trade. After reviewing literature and the reports of prestigious institutions and bodies in the area, the author presents several elements providing an accurate image...

Fluctuations in exchange rate have threatened the stability of global financial system and have invited unwarranted currency war. South Asia has been experiencing a whopping trade deficit from the last many years. This study is an attempt to analyze the impact of exchange rate depreciation on...

The US dollar is the most prevalent currency to settle internationally traded merchandise. A few existing studies demonstrate that the US dollar can significantly impact a country's trade balance with a non-US partner. Nevertheless, the current literature indicates the remarkable deficiency of...