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Full-Text Articles in Business
Trade Liberalisation And Growth: A Threshold Expectation, Rod Falvey, Neil Foster-Mcgregor, Ahmed Khalid
Trade Liberalisation And Growth: A Threshold Expectation, Rod Falvey, Neil Foster-Mcgregor, Ahmed Khalid
Ahmed Khalid
Openness and trade liberalisation variables are consistently estimated to have significant positive coefficients in panel growth regressions. Many arguments have been advanced as to why and how more open or liberalised economies might grow faster, but the specific channels this process uses have begun to be investigated only recently. We continue these efforts by including a variable identifying the date of trade liberalisation in a system of equations that captures the determinants of growth in per capita income. Four ‘channels’ are considered: capital formation, the share of government, the economy’s openness to trade and its price distortions. We include the …
Trade Liberalisation And Growth: A Threshold Expectation, Rod Falvey, Neil Foster-Mcgregor, Ahmed Khalid
Trade Liberalisation And Growth: A Threshold Expectation, Rod Falvey, Neil Foster-Mcgregor, Ahmed Khalid
Rodney Falvey
Openness and trade liberalisation variables are consistently estimated to have significant positive coefficients in panel growth regressions. Many arguments have been advanced as to why and how more open or liberalised economies might grow faster, but the specific channels this process uses have begun to be investigated only recently. We continue these efforts by including a variable identifying the date of trade liberalisation in a system of equations that captures the determinants of growth in per capita income. Four ‘channels’ are considered: capital formation, the share of government, the economy’s openness to trade and its price distortions. We include the …
The Consequences Of Somali Piracy On International Trade, La'nita M. Johnson
The Consequences Of Somali Piracy On International Trade, La'nita M. Johnson
Global Tides
In the last decade, piracy in the African waters, especially surrounding Somalia, has vastly increased. Due to a previous civil war, absence central government in the country and lack of natural resources, Somalia is presently one of the most underdeveloped countries in the world—which many say is a large stimulus in the rise and expansion of piracy. Although these attacks frequently go unnoticed, they have a large-scale effect on the global economy and international trade. This paper will first briefly observe the history of piracy, then go on to introduce the recent prevalence of Somali pirates off of the Horn …