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Impact Of Fluctuations In Oil Prices On Libyan Economic Growth, Abdusalam Yahia, Mokhtar M. Metwally
Impact Of Fluctuations In Oil Prices On Libyan Economic Growth, Abdusalam Yahia, Mokhtar M. Metwally
Faculty of Commerce - Papers (Archive)
This paper examines the impact of fluctuations in Libyan oil exports on Libyan economic growth. The paper uses "export as an engine of growth model". Such a model is applied to total output as well as sectoral outputs. However, this study uses a Koyck distributed lag scheme. The paper also uses cointegration analysis to examine the long-term trade relationship between Libyan GDP and its oil exports. The results suggest that are spread effects from oil exports to the rest of the economy. However, when both the component and inflationary effects are excluded (but not the real gain from the rise …
The Conundrum Of Economic Miracle: Manufacturing Growth Without Tfp Growth, Chia-Hung Sun
The Conundrum Of Economic Miracle: Manufacturing Growth Without Tfp Growth, Chia-Hung Sun
Faculty of Commerce - Papers (Archive)
The findings of low or even negative total factor productivity (TFP) growth in Singapore's manufacturing industries by Young (1995) and many others has been a controversial issue in view of its crucial role in the future sustainability of Singaporean manufacturing. This paper applies the varying coefficients frontier model to re-examine productivity growth in Singapore's manufacturing at the 3-digit industry level over the period 1970–1997. The results indicate that Singapore's manufacturing has on average experienced a –0.8 percent TFP growth per annum although the extent of TFP growth improved slightly in the 1990s. The decomposition of TFP growth into technical efficiency …
The Impact Of Large Firms In Promoting Economic Growth, Exports, And Regional Integration: A Chandlerian Perspective, Elias Sanidas
The Impact Of Large Firms In Promoting Economic Growth, Exports, And Regional Integration: A Chandlerian Perspective, Elias Sanidas
Faculty of Commerce - Papers (Archive)
Chandler's work is well known. He has amply demonstrated that large firms played a huge role in the economic take-off and development of countries such as Germany and especially the USA. In this paper his thesis is extended to the whole world, by considering various countries, economically itegrated regions, their exports and economic achievement. The largest firms in the world are examined in this context. Chandler's thesis is thus confirmed wth this analysis and some quantitative evidence is provided in that respect. In addition, integration seems to take place even without the existence of formal agreements due to the presence …