According to traditional trade theories, foreign trade affects economic growth via several channels such as knowledge and technology spillover, improvement of resources allocation, increasing productivity and competitiveness. Within the framework of new trade theories, the effect of foreign trade on economic growth is ambiguous, and this effect depends on the combination of the different effect...

within the early theories of fdi and multinational firms, fdi and foreign trade were considered to be substitutes. new international trade theories emphasize, however the complementary relationship between fdi and foreign trade.this is the result of introducing new aspects in the models like increasing returns to scale, product differentiation and technology-differences among nations.this paper...

From the perspective of new growth models and new international trade theories, both exports and imports play an important role in a dynamic economy. Economically, we cannot merely emphasize on a positive trade balance and we ignore the benefits of imports, and also we cannot advise negative trade balance. But the main concern of policy makers about international trade should be making stabilit...

capital structure puzzle is a challenging issue in corporate finance. different researchers attempt to identify ways to determine optimized capital structure which minimizes firm’s cost of capital and maximizes its value, by proposing variety of theories. in line with forming new theories and introducing determinant variables, the absence of comprehensive research which simultaneously tests exi...

from the perspective of new growth models and new international trade theories, both exports and imports play an important role in a dynamic economy. economically, we cannot merely emphasize on a positive trade balance and we ignore the benefits of imports, and also we cannot advise negative trade balance. but the main concern of policy makers about international trade should be making stabilit...

Two theories dominate economic thinking on the causes of international exchange. Comparative advantage explains trade by inherent differences between countries. Increasing returns explains trade by the productivity and variety advantages from specialization and exchange even among like economies. But one-hundred-eighty years after the publication of Ricardo’s “Principles,” and two decades into ...