This empirical paper adopts panel data methodologies to investigate the impact of trade liberalisation on export growth and import growth across 28 Sub-Saharan African countries from 1981 to 2010. The results show that trade liberalisation increases the growth of exports; however, imports grow faster by approximately two percentage points which gives a prima facie evidence that the trade balanc...

Competing theories argue, respectively, that more trade reduces, increases, or does not affect interstate military conflict. We offer a new general theory on how trade affects conflict, which encompasses the liberal logic and the neo-Marxist/neo-mercantilist mechanism of asymmetric dependence and offers alternative explanations to the effects predicted by the bargaining and classical realist ap...

Attempts are made to provide a theoretical justification for using the gravity model in the analysis of bilateral trade and apply the generalized gravity model to analyse the Bangladesh’s trade with its major trading partners using the panel data estimation technique. We have estimated the gravity model of trade (sum of exports and imports), the gravity model of export and the gravity model of ...

This study compares alternative measures of the potential and actual pollution content of China’s trade using an environmental I-O methodology. Using the conventional, potential measure adopted by other researchers, we find that China ‘saves’ on local environmental resources by exporting goods that on average embody less pollution content than imports would if they were produced locally in Chin...

This study's primary purpose is to analyze empirical information on the nature, magnitude and motivation for international production sharing in East Asia. To accomplish this objective it utilizes a, heretofore, largely untapped data source on inter-and intra-regional trade in parts and components. The following are some of the main points emerging from these data; • East Asian trade in compone...

Both EU and USA are dominant apparel importers in the world. In 2006, the value of world’s apparel exports to them amounted to US$ 212 billion, which represented 80% of the world’s total apperel exports. Specifically, the apparel imports of the top five members of EU; namely, Germany, United Kingdom, France, Italy, and Spain, amounted to US$ 91 billion, accounting for 71% of the regoin’s total ...

Abstract This study conducts an investigation into the extent of cointegration between imports and exports and asymmetries in the adjustment of the US current account over the study period 1960Q4-2007Q2. We find evidence in favour of cointegration through the application of the standard Johansen methodology. Employing the Trace test procedure recursively, two distinct regimes are identified acc...

one of the import indices of food security evaluation is food import capacity index. ratio of total exports to food imports is often thought to be a measure of the capacity of a country to finance its food imports using revenues from exports of goods and services. this study investigates food import capacity effects on rural households food security by calculated ahfci (aggregate household food...

The trade-led growth theory has received considerable attention over the decades with vast amount of literature devoted to analyse it empirically particularly in case of exportled growth hypothesis. India & China are two large Asian countries experiencing rapid growth during recent decades. For years, India’s economic growth rate ranked second among the world’s large economies, after China, whi...