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This paper examines the relevance of one of the most important textbook of endogenous growth models. The AK model - chosen as a representative of an endogenous growth model - is applied and tested using Chilean annual data (1960-1998). Chile's case provides an interesting example of an economy...
Persistent link: https://www.econbiz.de/10014215309
Bilateral Free Trade Agreements have been used extensively by Chile to expand its exports and improve its competitive position in the world markets. It is the objective of this paper to analyze the role of trade agreements, price competitiveness, real income, per capita income differences and...
Persistent link: https://www.econbiz.de/10012770580
According to trade theory trade policy can impact quite differently (positively, negatively, nil) on economic growth depending on the model assumptions such as perfect or imperfect competition due to the existence of economies to scale or externalities. This result is replicated when the impact...
Persistent link: https://www.econbiz.de/10012770711
Latin American countries have lost competitiveness in world markets in comparison to China over the last two decades. The main purpose of this study is to examine the causes of this development. To this end an augmented Ricardian model is estimated using panel data. The explanatory variables...
Persistent link: https://www.econbiz.de/10005405790
This is one of the first studies which systematically investigate whether specific characteristics of foreign affiliates that reflect their MNE investment motivations prolong or undermine affiliate survivorship when the host country becomes member of a regional economic union. Using a unique...
Persistent link: https://www.econbiz.de/10011100188
This paper analyses the evolution of public support for the single European currency, the euro, from 1990 to 2011, focusing on the most recent period of financial and sovereign debt crisis. Exploring a huge database of more than half a million observations covering the 12 original euro area...
Persistent link: https://www.econbiz.de/10010886707
Persistent link: https://www.econbiz.de/10010935528
This paper challenges the widespread belief that FDI generally has a positive impact on economic growth in developing countries. It addresses the limitations of the existing literature and re-examines the FDI-led growth hypothesis for 28 developing countries using cointegration techniques on a...
Persistent link: https://www.econbiz.de/10005035553