International Economics Commons^™

Seeking Independence A Second Time: Fdi In Uganda’S Development, Halle Jones

Independent Study Project (ISP) Collection

This paper aims to examine the characteristics of foreign direct investment in Uganda and its impacts on development. The paper will look at the current neoliberal paradigm in the international political economy and its role in the developing world.

A practicum-based internship with the Southern and Eastern Africa Trade Information and Negotiations Institute Uganda (SEATINI) guided independent research and provided information through interviews with various organizations and government ministries.

This paper found that neoliberal policies limit development opportunities of FDI. Examples of successful economic growth in various countries provide significant evidence of the importance of government intervention and strategic development …

The Power Of The Middle Class In The United States And China, Sarah Kent

Independent Study Project (ISP) Collection

The global middle class has been experiencing exponential growth, but because of differences among countries in regard to stages of development, the growth has not been spread evenly across the world. The United States and much of the Western World is undergoing a shrinking middle class due to economic deregulation and automation whereas China and other countries in the Eastern World have had middle class growth in recent years (OECD, 2019). The juxtaposition between the middle classes is also reflected in the juxtaposition of the respective countries’ GDP growth. Therefore, the United States and China, because of their pronounced systemic …

The Gatt/Wto Welfare Effects: 1950–2015, Pao-Li Chang, Wei Jin, Kefang Yao

Research Collection School Of Economics

This paper evaluates the welfare effects of GATT/WTO-induced reductions in tariffs, vari-able and fixed trade costs, based on identified direct effects of membership indicators on trade flows via nonparametric matching estimations. The identification does not require the use of tariff data, which permits a comprehensive evaluation of the welfare impact of GATT/WTO for a long panel since its inception (1950–2015) of as many as 180 economies. The results indicate substantial (but highly dispersed) welfare gains across members of different development stages and increasing welfare losses of nonmembers in later decades by staying outside the system. An extensive set of robustness …

International Financial Assistance And Inequality In Emerging Markets: Colombia, Egypt And Turkey, Sara Farag

Theses and Dissertations

This research study investigates the effects of the three main pillars of structural adjustment policies imbedded in IFI funding facilities on income inequality in three specific cases; Colombia, Egypt and Turkey to uncover if income inequality present in those emerging markets is attributed to; the policy reforms conditionality or to pre-existent country features. The three main pillars of policy conditions discussed in this thesis are 1. Government Expenditure Reforms, 2. External Sector Reforms, and 3. Financial Sector Reforms. My hypothesis is that, although pre-existent country features may have had an impact on the levels of inequality a populace faces, the …

The Shirt Of Nessus: International Debt As A Tool Of Hegemonic Control, Omar Hamed Ghannam

Theses and Dissertations

International debt has been a fixture of the global economy and state financing for centuries. The economic logic of accruing international debt and its management is rarely questioned in the literature, even as sovereign debt crises abound. These crises offer a point of examination, re-assessment, and negotiations concerning allocating the burdens. This paper aims to study these debt crises to interrogate the issue of international debt, the depoliticized economic mantras that govern it, their validity, sincerity, and the political and social implications on the indebted polity. This is done by looking at the origins of debt crises, and examining how …

Implications Of The African Continental Free Trade Area For Nigeria’S Economic Growth, O. S. Aigheyisi, M. A. Iyoha

Economic and Financial Review

The objective of this paper is to examine the effect of intra-African Trade on Nigeria’s economic growth from 1981 to 2019. To achieve this, the ARDL modeling technique is employed to investigate the short-run and long-run effects of intra-African trade on Nigeria’s economic growth. The study finds that though the short-run effect is positive but not significant; the long-run effect is significantly positive, and robust to alternative estimation techniques. This suggests that expansion of trade among African countries, which is expected to result from the full implementation of the African Continental Free Trade Agreement (AfCFTA), would have positive growth effect …

Lost Grounds In Us Trade Integration, John C. Beghin

Cornhusker Economics

Growing World Trade Organization (WTO) membership and plurilateral trade agreements have increasingly occurred in the last 20 years leading to unprecedented market integration. However, in the last 5 years, the United States (US) has been diverging from its traditional role as a main driver of this integration. In contrast, Europe has been integrated progressively within itself and beyond, outpacing the US. The article documents these trends and changes. This article is based on a longer working paper and an article in EuroChoices coauthored with Jill O’Donnell.

Stuck In The Middle: An Analysis Of Economic Growth And The Technological Intensity Of Exports, Aya Abdel Halim

Theses and Dissertations

Driven by the persistence of some economies’ lower-middle-income status, also known as the middle-income trap, this research aims to identify the relationship between exports and their growth rates. A Cobb-Douglass model augmented by the different types of exports is employed, and the relationship is estimated for a panel of 77 lower-middle-income economies using multiple two-step system Generalized Method of Moments (GMM) model. This research’s contribution to the literature is two-fold: First, it analyzes exports from both an aggregated level (i.e., total exports) as well as at a disaggregated level by the technological intensity of exports. To add, the panel of …

A Multilevel Analysis Of Political Risk, Marlon J. Guzman Valdera

Dissertations, Theses, and Capstone Projects

This essay aims to diminish the conceptual fragmentation that exists, in relation to political risk, by introducing a multilevel approach to assess risk. While traditional approaches understand political risk to be a result of the political action of host-states against multinationals, this essay shows that there are other actors, like the host-nation civil society and the international community, that also play a role in the production of political risk. Although traditional approaches assert that political risk can solely target multinationals individually, this paper states that risk can affect a firm at an industrial and country level. I claim that political …

Essays In Monetary And Macroprudential Policies, Mikheil Dvalishvili

Dissertations, Theses, and Capstone Projects

Chapter 1 Using a medium scale general equilibrium New Keynesian business cycle model with macroprudential policy and news shocks I study the effectiveness of various combinations of the monetary and macroprudential policies. I incorporate defaults both in the banking sector and households. The results show that out of the policy strategies considered the standard Taylor rule combined with the LTV requirement that reacts countercyclically to the deviation of house prices from the steady state yields higher welfare as compared with all the other strategies considered. Additionally, the standard Taylor rule combined with either of the countercyclical LTV requirements mitigates the …

Decision Making In International Supply Chain Investment, Noah Quint Curtin

Undergraduate Theses, Capstones, and Recitals

In this paper, supply chain decision-makers where and how to internationally invest into supply chains. I focus on outside institutional factors, and intra-firm behavioral factors that affect where and how they invest. I first review the literature on international investment at large. Later for my part of the research, I conduct a series of semi-structured interviews with international supply chain decision-maker primarily in Denver to better understand their processes. I find that they value business models higher than “hunches”, but also that tacit knowledge and relationships play an important role in their processes.

Analisis Fenomena Heterogenous Dampak Perubahan Nilai Tukar Terhadap Inflasi Di Asean-5, Ashadi Asral Rawang, Mahjus Ekananda

Jurnal Ekonomi dan Pembangunan Indonesia

Asian’s financial crisis in 1997/1998 is a crisis that caused by exchange rate change which is contagious from one to another country. By having an active regional financial cooperation, this crisis can be prevented better. In the context of regional coordination, it is important to know the impact of exchange rate on inflation, whether it has a homogenous or heterogenous impact across ASEAN countries. By forming data panel of ASEAN-5, using broadmoney, trade openness and trading partner inflation rate as control variable with FGLS Estimator, it is known that the impact of exchange rate on Inflation in ASEAN-5 is heterogeneous.

Corporate Characteristics And Implementation Of Integrated Reporting Framework Of Listed Oil And Gas Firms In Nigeria, Muyiwa E. Alade, Olubunmi M. Odugbemi

International Review of Business and Economics

The demand for better corporate information by various stakeholders across the globe has necessitated a paradigm shift from the traditional financial reporting to more comprehensive financial and non-financial information in a single report, known as integrated reporting. The aim of this study is to empirically investigate the effect of corporate characteristics (firm size, board size, share ownership structure and profitability) on the implementation of integrated reporting framework in listed oil and gas firms in Nigeria. A census sampling technique was adopted, using the total population of eleven (11) oil and gas firms listed on the Nigerian Stock Exchange as of …

Effect Of Health Aid On Life Expectancy In Sub-Saharan Africa, Sakiru Oladele Akinbode Dr., Isiaq O. Oseni

Journal for the Advancement of Developing Economies

No abstract provided.

Us Financial Expansions And Exchange Rate Determination, Matthew Brill

Electronic Theses and Dissertations

The purpose of this thesis is to explore how US financial activity influences the exchange rates of foreign nations. Starting off by building on Currency Hierarchy and Minskyan dynamics, I look at how financial cycles generated in the US, the key economy, transmit liquidity towards economies on the periphery. Additionally, I use the increase in shadow banking asset accumulation relative to commercial banking asset accumulation as indicative of financial expansions in the US, and the driving force of financial cycles. Using vector autoregression (VAR) analysis I test the relationships between the ratio of US shadow banking assets relative to commercial …

Annual Report 2021 – 22: China Study Centre Iba Karachi, China Study Centre, Institute Of Business Administration

China Study Centre - Research and Reports

Pakistan has a longstanding relationship with the People’s Republic of China, as Pakistan was the first country to recognize it. Over time, the strategic and economic relationship between both the countries have been strengthening through various joint projects, with China-Pakistan Economic Corridor (CPEC) being an exemplary project. CPEC is China’s 15-years old, $62 billion investment in Pakistan. Moreover, the flagship project of its Belt and Road Initiative (BRI) took a five-decade-long strategic alliance between the two countries to the economic sphere in 2015. CPEC is best seen as an economic peg in terms of broader strategic relationships between both countries. …

Disembedded Liberalism: The Global Pressure On Democracy, Hallie Spear

CMC Senior Theses

The international political order is at a crossroads with divergent paths. Liberal democracy is once again threatened on the international stage. What's more troubling is that the most stable and influential democracies, the United States, those in Europe and India, seem to be vulnerable to the autocratic wave sweeping through the world. This thesis completes a critical analysis to understand the root causes of the recent disruption to democracy the world has observed. Focusing on three established, diverse, and populous democracies, this thesis investigates the economic conditions at play that made each nation vulnerable to populism. Neoliberal economic policies implemented …

Implications For The Mainstreaming Of Fair Trade: Applying The Eras Of Fair Trade To The Product Life Cycle Theory, Kimberlee Josephson

Pennsylvania Economic Review

By drawing attention to the notion of trade-based development, Fair Trade has contributed to the awareness of how market transactions can intersect with social issues. Fair Trade serves as an innovative supply chain that engages the world’s ‘poor’ in the trading system and it can be thought of as a development project that has evolved from a social movement to a social enterprise. The commercialization of activist efforts, however, faces the same pressures as the commercialization of any product and despite Fair Trade being founded for a purpose rather than a profit, this sector is embedded within market-based systems and …

Would An India-Us Trade Agreement Be Beneficial For India?, Neetu Kaushik, Niloufer Sohrabji

International Review of Business and Economics

This paper examines the potential impact of an India-U.S. FTA on India’s trade. We use two approaches to estimate trade effects, compound annual growth analysis and Gravity model estimation. Our sample spans the period from 1992 to 2019 and consists of seven bilateral trade agreements and three multilateral trade agreements which include 24 countries as our treatment group. In both cases we compare the impact on India’s trade following a trade agreement with a control group which we create by including those countries whose trade share exceeds one percent of India’s total trade (in 2019). Our CAGR analysis shows that …

Relationship Between Intergenerational Mobility (Igm) And Economic Growth: Evidence From Cross-Country Data, Swapnil Landge

Publications and Research

Inequality of opportunity (IGM) is a major cause of inequality of opportunity in many countries. However, the impact of IGM on economic growth has not been fully explored. In this research project, I first replicated and extended the IMF working paper titled IGM, IGM, and Economic Growth’ by Shekhar Aiyar and Christian Ebeke (2019), which explored the relationship between income inequality and economic growth, utilizing various measures of intergenerational mobility, to confirm that the adverse impact of income inequality on growth is more pronounced when IGM is lower. Then, I used the latest Gini dataset (All the Ginis’) compiled by …