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In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a...
Persistent link: https://www.econbiz.de/10010954289
Persistent link: https://www.econbiz.de/10010954331
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/10004965328
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/10005109481
It is frequently suggested that export diversification contributes to an acceleration of growth in developing countries. Horizontal export diversification into completely new export sectors may generate positive externalities on the rest of the economy as export oriented sectors gain from...
Persistent link: https://www.econbiz.de/10005082705
This study examines the export-led growth hypothesis using annual time series data from Chile in a production function framework. It addresses the limitations of the existing literature and focuses on the impact of manufactured and primary exports on productivity growth. In order to investigate...
Persistent link: https://www.econbiz.de/10005082720
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/10005063000
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/10005171328
Persistent link: https://www.econbiz.de/10012435174
This paper uses a static and dynamic gravity model of trade to investigate the link between German development aid and exports from Germany to the recipient countries. The findings indicate that in the long run,German aid is associated with an increase in exports of goods that is larger than the...
Persistent link: https://www.econbiz.de/10005593826