Econometrics Commons^™

Does The Export-Led Growth Hypothesis Hold For Malaysia?, Beebee Rosida Nohur

Student Works (2000-2009)

This paper examines the export-led growth hypothesis in Malaysia over the last 30 years using current techniques in econometric analysis of non-stationary time series. In order to avoid model misspecification, this study employs a multivariate framework. The basic objective of this study is to provide further empirical evidence on the merits of export-oriented strategies. The principal results emerging from our research are: Firstly, all the data series exhibit an autoregressive scheme of order one, that is they are I( 1) series and that exports, investment to output ratio, terms of trade and GDP in real terms are cointegrated. This implies …

The Challenge Of Administration By Regulation: Preliminary Findings Regarding The U.S. Government's Venture Capital Funds, Jonathan G.S. Koppell

Publications from President Jonathan G.S. Koppell

This article assesses the ability of elected officials to control public policy as implemented by public/private hybrid organizations, specifically, government venture capital funds. The study reveals greater control over OPIC investment funds than Enterprise Funds despite the existence of more traditional administrative tools of control for Enterprise Funds. This finding suggests that the regulatory infrastructure for hybrid organizations is more determinative of control than the existence (or lack) of traditional administrative control tools. Thus the challenge of hybrid government centers on the development of regulation as a substitute for administration.

Exchange Rate And Income Effects On South Korean Exports: The Us Case, Heather M. O'Neill, William Ross

Business and Economics Faculty Publications

This paper analyzes econometrically the effects of direct and cross exchange rates as well as US income and Korean supply developments on the volume of Korean exports to the US. The results suggest that US demand has been the most important factor in the growth of Korean exports to the US in recent years. However, direct exchange rate effects are also important; the estimates suggest that for 1989-90, a yearly 10% real appreciation of the won against the dollar would have lowered export volume by about 10% per year relative to a baseline case. Cross exchange rate effects run counter …

The Grant Equivalent Of Foreign Aid Commitments: People's Republic Of China 1956-1974, Hans F. Haupt

Graduate Thesis Collection

The purpose of this thesis is to show the existing quantitative tool (model) measuring the true grant-value of foreign aid, expand that model somewhat to arrive at least at reasonably accurate input factors which are otherwise difficult to evaluate, and to document China's foreign aid program on a recipient by recipient basis, both in terms of its nature and its estimated grant-components.

The Grant Component In United States Economic Aid To Less-Developed Countries, Carl J. Gahwiler

Graduate Thesis Collection

Foreing aid, since its comparatively recent inception, continually has been the subject of polemics. Though volumes have been written concerning its rationale, implementation, burden, impact, etc., only recently, with the concept of grants economics, have asessments of economic aid on a quantitative subsify basis been possible. These pioneering efforts have led the way toward a clearer understanding of foreign aid by identifying the real transfers involved.

The object of the following analysis is to ferret out the grant component of official United States economic aid to less-developed countries from 1953 to 1969. The United States is chosen due to availabiity …