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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.
Trade Liberalization, Economic Crises, And Growth, Rod Falvey, Neil Foster, David Greenaway
Trade Liberalization, Economic Crises, And Growth, Rod Falvey, Neil Foster, David Greenaway
Rodney Falvey
Many economic reforms are undertaken during an economic crisis, but is a crisis a good time to undertake trade reform? We investigate whether an economic crisis at the time of trade liberalization affects a country's subsequent growth performance. We employ threshold regression techniques on five crisis indicators to identify the "crisis values" and to estimate the differential growth effects in the crisis and non-crisis regimes. Although trade liberalization in both crisis and non-crisis periods raises subsequent growth, we find that an internal crisis implies a lower acceleration and an external crisis a higher acceleration relative to the non-crisis regime.
The Impact Of The Asian Economic Crisis In Thailand, Craig C. Julian
The Impact Of The Asian Economic Crisis In Thailand, Craig C. Julian
Dr Craig C Julian
Traces the economic development of Thailand since 1945, referring to relevant research, and analyses the reasons why it was the first Southeast Asian country to collapse in the 1997 economic crisis: large current account deficits, excessive external debt, a collapse in the property sector, exchange rate mismanagement and political instability. Considers its future prospects and shows statistics on economic growth and inflation for the world as a whole and various countries and groups within it.