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Full-Text Articles in Business
Trade Liberalisation, Economic Crises And Growth, Rodney Falvey, Neil Foster, David Greenaway
Trade Liberalisation, Economic Crises And Growth, Rodney Falvey, Neil Foster, David Greenaway
Rodney Falvey
Many economic reforms are undertaken at a time of economic crisis. But is this a good time for a country to undertake trade reform? In this paper we investigate whether an economic crisis at the time of trade liberalisation affects a country’s subsequent growth performance. We employ threshold regression techniques on five crisis indicators commonly used in the literature, to identify the relevant “crisis values” and to estimate the differential postliberalisation growth effects in the crisis and non-crisis regimes. We find that the magnitude of the acceleration in postliberalisation growth depends on the characteristics of the crisis. Although trade liberalisation …
Global Financial Crises, Kimberly D. Scott
Global Financial Crises, Kimberly D. Scott
Kimberly D Scott
The purpose of this research is to identify various global financial crises throughout the years. Global financial crises are not new to developed nations; however, they have grown more common and the financial burden has become loftier and explosive as time evolve.