Since China entered the WTO in 2001, the Peruvian apparel industry has been considerably affected by the dramatic inflow of Chinese garments. Unlike neighboring countries, the industry was able to keep afloat by firm-level responses that led to unprecedented growth in exports, driven by sales of high-quality apparel. While firm-level responses to import competition are now a well-established em...

Using a structural VAR with block exogeneity, diagonality and identifying restrictions, this paper analyzes: first, the macroeconomic linkages among the oil price, U.S. output, interest rate, money supply, general price level and exchange rate and second, the relationships of the macroeconomic variables with the price indices of ten international nonfuel commodity groups. By assuming the block ...

Several studies abound that concentrated on oil production and the environment, exploration socio-economic conditions, contributions of crude consumption to growth Nigerian state, etc. But there are no recent investigating production- GDP nexus. Hence, main goal this study is explore contribution national from an oil-dependent economy Annual time series data its rate represented side nexus whil...

A b s t r a c t a r t i c l e i n f o JEL classification: C23 G15 Q43 Keywords: Asymmetric effects International stock markets Oil prices Panel data Oil price volatility Although studies have found an asymmetric pattern in the response of aggregate output to oil price changes, parallel studies in stock markets have not been conclusive about their existence. This paper finds evidence that effect...

abstract the purpose of this paper is to test the hypothesis first proposed by romer (1993); suggesting that inflation is lower in more open economies. according to this hypothesis, central banks have a lower incentive to engineer surprise inflations in more-open economies because the phillips curve is steeper. furthermore, comparing with other empirical studies, this paper has used the new kof...

iran is one of the most concentrated areas of afghan migrants and refugees. most afghans dispersed throughout the country mixed with iranian households. the majority of afghan immigrants are typically unskilled and illegal workers. this study aims at investigating the nature of the causal relationship between afghan immigrants and two main labor market indicators, average wages and unemployment...

a r t i c l e i n f o JEL classification: F1 F4 Q43 N75 Keywords: Oil price shock Trade balance VAR Granger non-causality test Gregory-Hansen cointegration test This study aims to examine whether a large part of the variability of trade balances and their oil and non-oil components is associated with oil price fluctuations. The long-run causality running from oil price to overall, oil and non-o...

Based on a structural vector autoregressive framework the monthly data from April 1997 to July 2016, this study is an attempt show impact of crude oil price rate inflation and economic growth in India. The results showed that has positive whereas inverse relation exists between growth. Further, we segregated into two components, is, negative partial sum through nonlinear asymmetric distribution...