This paper examines different explanations—initial conditions, openness to trade and FDI, and institutions—of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete. Even when correctly articulated, openness appears to be a proximate rather than an underlying explanation for the Mauritian experience. The...

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...

This paper theoretically and empirically analyzes how the taxation of financial services under VAT (‘financial VAT’) influences trade openness. The empirical analysis uses data from OECD 36 European Union countries for period 1960–2019. Dynamic panel techniques are used, concretely GMM System, an unbalanced is handled. results corroborate that VAT, in particular ‘option-to-tax’ method applied b...

The importance of a country’s international trade is relevant for a multitude of questions in the economic research, since international dependences influence most economical variables of a country. Usually, the concept of openness degree of an economy is used to represent this international interlocking of trade, where previous studies applied mainly output-oriented operationalizations of the ...

In recent decades, many countries have adopted, to various degrees, the ideologies of commercial and republican liberalism. One salient aspect of the spread of commercial liberalism in the world has been the growth in international trade. The spread of republican liberalism has manifested itself by the rise in the level of democracy in countries over time. What are the implications of trade and...

This study examines dynamic interrelationships and causality relationships among CO2 emissions, economic, political and financial variables over the period of 1971-2011 for the case of Iran as one of the top CO2 emitting countries in the world. The results of ARDL and Johansen cointegration approaches confirm the existence of long run relationship among CO2 emissions, energy consumption, GDP, f...

This study investigates factors affecting tourism demands in Selected OIC Countries for the period of 2004 to 2016. The economic variables used in this study are tourist receipts, GDP per capita, real exchange rate, population, Trade openness and Consumer Price Index. GLS method is applied in the research model in order to investigate the relationship between tourist receipts, GDP per capita, r...

Several recent papers have argued that trade and financial development may be linked, either for political economy reasons, or because foreign competition and exposure to shocks lead to changes in the demand for external finance. In this paper we use the cross-country and time-series variation in openness to study the relationship between trade and finance in more detail. Our results suggest th...