This study investigated the export-led growth hypothesis in Nigeria. The examined long-run and short-run equilibrium relationships between exports; imports economic over period. used Johansen co-integration technique, granger causality, vector error correction mechanism analysis of data. variables were found to have same order integration empirical evidence strongly suggested existence relation...

In this paper we analyze the role of trade shocks in shaping aggregate fluctuations in Venezuela from 1950 to 1995. To this end a stochastic general equilibrium model of a small open economy whose main productive activity rests in the exports of a single basic product is specified. Shocks to the terms of trade which are directly associated to oil price changes are modelled as a foreign transfer...

The objectives of this study are 1) to know and analyze the contribution Volume palm oil exports European Union total Indonesian in 2000-2019. 2) effect production, CPO prices, exchange rates, EU policies on 2000-2019 3) describe EU's exports. model used is a multiple linear regression model. t-test results show that partially price, rate, policy affect Union. set by for Indonesia's Renewable E...

Devaluation has different effects on the structure of trade patterns in countries which have a fixed exchange rate regime. The experience of devaluation in many countries has clearly shown that devaluation policies have not always led to the improvement of their trade pattern structures. Some empirical studies have revealed that after employing devaluation, the real rate of money in some nation...

Growth studies show, counter to intuition, that the discovery of a natural resource may be a curse rather than a blessing since resource-rich countries grow slower than others. Moreover, resource abundance may involve a displacement of a growth-essential manufacturing sector, leading to Dutch Disease. Norway is an important exception to the curse and the disease. Since oil production started in...

Theories suggesting either static or dynamic productivity gains derived from exports often assume the prior existence of a perfect market. In the presence of market failure, however, the competition effect and the resource reallocation effect of exports on productive efficiency may be greatly reduced; and there may actually be disincentives for innovation. This paper analyses the impact of expo...

Commodity prices are characterized by boom and bust cycles. In this article, the impact of the commodity boom of the 2000s on Latin American and Caribbean economies is studied by analyzing four categories of commodity exports (agricultural raw materials, fuel, food, ore and minerals) as well as manufactured exports. Latin American and Caribbean economies had higher growth during the 2000s than ...