In this paper we estimate the demand for exports and imports of manufactured goods for a panel containing the majority of the EU countries as well as the US and Japan. The model includes as explanatory factors both the traditional determinants of trade and also the stock of foreign direct investment (FDI). We apply panel unit root and cointegration tests allowing for heterogeneity. Whereas ther...

This paper applies a gravity model to examine the determinants of Icelandic exports. The model specifications tested allow for sector and trade bloc estimation. Also, a combination of an export ratio and a gravity model is tested, as well as marine product subsamples. The estimates are based on panel data on exports from 4 sectors, to 16 countries, over a period of 11 years. Estimates indicate ...

Author Contact: Wing Yuk, P.O. Box 37063 RPO, Vancouver, BC, Canada V5P 4W7. Tel: +1-604-782-8081; email: [email protected] Abstract This study considers the long-run relationship between government expenditure and economic growth for the United Kingdom over the period 1830 to 1993. The causality analysis allows for the effects of exports, and for the presence of complex structural breaks i...

Despite success along some dimensions, international business cycle models have difficulty replicating several salient features of international capital flows among developed countries. In particular, net exports and current account balances are much more persistent in the data than in standard models. We account for this feature of the data with a simple onegood two-country model in which tech...

Balancing of different dimensions development—economic, environmental, social, is an imperative policies and strategies sustainable growth, which are practiced today in the EU globally. The main aim our paper to investigate relationship between renewable (REC) non-renewable energy consumption (NREC), greenhouse gas (GHG) emissions share ICT total exports, on one hand, GDP p.c. other. We created...

The purpose of the study was to analyse determinants South African citrus exports post era trade liberalisations using secondary data from 1996 2018. Johansen Cointegration model used test long-run relationship between export and in liberalisation Ordinary Least Squares regression determine Africa selected liberalisation. results show existence a equilibrium exports. provided evidence that prod...

This paper empirically examines the dynamic causal link between business R&D expenditures and trade performance in Australia. Based on cointegration and errorcorrection modeling Granger causality tests, variance decomposition and impulse response functions are used for this purpose. The results show that there is a long-run relationship exists between the trade variables and R&D expenditure and...