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Full-Text Articles in International Economics

A Comparative Analysis On Output Gap - Inflation Relation: The New Keynesian Approach, Oladimeji Tomiwa Shodipe Jan 2019

A Comparative Analysis On Output Gap - Inflation Relation: The New Keynesian Approach, Oladimeji Tomiwa Shodipe

Masters Theses

The thrust of this research paper is to examine the inflation information that is contained in the output gap using the New Keynesian Phillips Curve framework. As informed by the model, the study also sets to investigate inflation persistence and the influence of forward inertia on the current inflation. This paper follows the Gali and Monacelli (2005) of the small open-economy type of model. However, the current study differs by introducing external factors (trade and real exchange rate) not only on the hybrid model, also on the backward, forward and the hybrid restricted models for time-series data (1971-2017) of all ...


International Debt Impact On The Value Of South Korean Currency, Wonjin Song Apr 2018

International Debt Impact On The Value Of South Korean Currency, Wonjin Song

2018 Awards for Excellence in Student Research and Creative Activity – Documents

Abstract

This paper will analyze how international debt for South Korea affected the value of Korean currency from 1983 to 2014 by using the Ordinary Least Square model. The result is that international debt for South Korea had a clear influence on the value of Korean Won. The exchange rate of Korean currency per US dollar moves the same direction as amounts of international debt. In other words, as the Korean Won depreciates, more Won must be spent to purchase U.S dollars. That is, Korean currency depreciates when amounts of international debt increase. As the result, Korea has not ...


Contribution Of International Trade To Economic Growth In Nigeria, Kehinde Abiodun Apr 2017

Contribution Of International Trade To Economic Growth In Nigeria, Kehinde Abiodun

2017 Awards for Excellence in Student Research and Creative Activity – Documents

Views differ on the impact of international trade on economic growth in developing countries. Whilst some scholars on the subject uphold the view that international trade leads to economic growth based on empirical evidence, others, albeit, in the minority, express a dissenting opinion.

This paper looks at the contribution of international trade to economic growth in Nigeria, a developing country, and establishes a nexus between international trade and economic growth. The variables considered are real GDP, a proxy for economic growth, export volumes, import volumes, trade openness, gross capital formation and exchange rate as independent variables. Augmented Dickey-Fuller (ADF) test ...


From Trade Deficit In Goods To Trade Surplus In Services: An Eclectic And Extended Gravity Model Approach In Analyzing The Determinants Of Service Trade Of The United States, Tofayel Ahmmad Jan 2015

From Trade Deficit In Goods To Trade Surplus In Services: An Eclectic And Extended Gravity Model Approach In Analyzing The Determinants Of Service Trade Of The United States, Tofayel Ahmmad

Masters Theses

This paper employs an eclectic and extended gravity model of trade to assess the most important determinants of real export and import of services of the United States by analyzing US service trade with its 33 partner countries for 15 years. Distance affects US real export of services negatively, but has no influence on US real import of services. A devaluation of the US dollar increases service export of the United States. We find a positive relationship between US goods trade and US service exports. US outward FDI has a positive impact on US real export of services, but has ...


Contribution Of Foreign Direct Investment To Economic Growth In Bangladesh, Mohammed Abu Rayhan Nov 2014

Contribution Of Foreign Direct Investment To Economic Growth In Bangladesh, Mohammed Abu Rayhan

Masters Theses

Rapid industrialization is essential in Bangladesh to keep pace with its development needs. But the low rate of gross domestic savings and investment as well as low level of technology base hamper the expected industrialization process. Foreign aid and grant had been serving to bridge the gap earlier. As many developing countries are in the process of graduating from being aid-dependent economy into a trading economy, FDI has come to be viewed as a major stimulus to economic growth for these emerging economies. This paper examines the contribution of FDI to economic growth in Bangladesh over the period from 1975 ...


Idiosyncratic Risk And Development In Developing Countries, Minh Dao Jun 2014

Idiosyncratic Risk And Development In Developing Countries, Minh Dao

Faculty Research and Creative Activity

This paper examines the impact of idiosyncratic risk management on economic development in developing countries. Based on data from the World Bank, we use a sample of twenty-seven developing economies and find that selected indicators related to risk management at the household level do have a statistically significant effect on economic development in these countries. Regression results show that almost four-fifths of cross-developing country variations in purchasing power parity per capita gross national income can be explained by its linear dependency on the percentage of the population aged over 25 who have completed the tertiary level of education, education quality ...


Idiosyncratic Risk And Development In Developing Countries, Minh Dao Jun 2014

Idiosyncratic Risk And Development In Developing Countries, Minh Dao

Faculty Research and Creative Activity

This paper examines the impact of idiosyncratic risk management on economic development in developing countries. Based on data from the World Bank, we use a sample of twenty-seven developing economies and find that selected indicators related to risk management at the household level do have a statistically significant effect on economic development in these countries. Regression results show that almost four-fifths of cross-developing country variations in purchasing power parity per capita gross national income can be explained by its linear dependency on the percentage of the population aged over 25 who have completed the tertiary level of education, education quality ...


Foreign Direct Investment Led Growth And Its Determinants In Sub-Saharan African Countries, Tewodros Zerihun Demelew Jan 2014

Foreign Direct Investment Led Growth And Its Determinants In Sub-Saharan African Countries, Tewodros Zerihun Demelew

Masters Theses

Despite FDI's growth in Sub-Saharan African (SSA) countries, the evidence from earlier studies on FDI led economic growth and key determinants of FDI in SSA countries have been inconclusive. This paper provides up-to-date evidence on the question: does FDI lead to economic growth? And if so, what are the key determinants of FDI growth in SSA countries? In this study we use three estimation approaches, OLS with robust standard errors (robust regression), multi-level random-effects regression, and fixed-effects regression. The multi-level and fixed-effects regression are aimed to help us control for within-country and between-country effects. Based on a panel dataset ...


Poverty In Agrarian Developing Economies, Minh Dao Jan 2013

Poverty In Agrarian Developing Economies, Minh Dao

Faculty Research and Creative Activity

This paper examines the determinants of poverty in agrarian developing economies. Based on data from the World Bank and a sample of thirty agrarian developing economies we find that the fraction of the population below the national poverty line is linearly dependent on urbanization as measured by the fraction of the total population living in urban areas, the maternal mortality ratio, the level of development as measured by purchasing power parity per capita gross national income, and the fraction of births attended by skilled health staff. We observe that the coefficient estimate of one explanatory variable, namely, the fraction of ...


The Role Of Policy Fundamentals In Fostering Economic Growth In Developing Countries, Minh Dao Jan 2013

The Role Of Policy Fundamentals In Fostering Economic Growth In Developing Countries, Minh Dao

Faculty Research and Creative Activity

This paper examines the role of policy fundamentals in fostering economic growth in developing countries. Based on data from the World Bank for the 2000-2011 period and a sample of sixty-two developing economies we find that the growth rate of per capita GDP is dependent on a country’s investments in human capital as measured by the share of the public sector in total health expenditure and by the relative size of public education in the government’s budget, on an enabling business environment as measured by two Doing Business indicators, namely the cost of starting a business as a ...


Poverty In Agrarian Developing Economies, Minh Dao Jan 2013

Poverty In Agrarian Developing Economies, Minh Dao

Faculty Research and Creative Activity

This paper examines the determinants of poverty in agrarian developing economies. Based on data from the World Bank and a sample of thirty agrarian developing economies we find that the fraction of the population below the national poverty line is linearly dependent on urbanization as measured by the fraction of the total population living in urban areas, the maternal mortality ratio, the level of development as measured by purchasing power parity per capita gross national income, and the fraction of births attended by skilled health staff. We observe that the coefficient estimate of one explanatory variable, namely, the fraction of ...


The Role Of Policy Fundamentals In Fostering Economic Growth In Developing Countries, Minh Dao Jan 2013

The Role Of Policy Fundamentals In Fostering Economic Growth In Developing Countries, Minh Dao

Faculty Research and Creative Activity

This paper examines the role of policy fundamentals in fostering economic growth in developing countries. Based on data from the World Bank for the 2000-2011 period and a sample of sixty-two developing economies we find that the growth rate of per capita GDP is dependent on a country’s investments in human capital as measured by the share of the public sector in total health expenditure and by the relative size of public education in the government’s budget, on an enabling business environment as measured by two Doing Business indicators, namely the cost of starting a business as a ...


Wage And Employment Effects Of The North American Free Trade Agreement On The U.S. Manufacturing Sector, Abm Ekramul Nasir Jan 1996

Wage And Employment Effects Of The North American Free Trade Agreement On The U.S. Manufacturing Sector, Abm Ekramul Nasir

Masters Theses

According to the conventional theories of international trade, trade liberalization equalizes factor prices across countries involved in trade. The North American Free Trade Agreement (NAFTA) is a newer form of regional economic integration between a developing country, Mexico, and two developed countries, the United States and Canada. Complying with proposition of conventional theories, it is rational to expect that NAFTA will lead to equalization of factor prices among theses three countries. On the other hand, the existence of a wide gap in wages between the United States and Mexico may lead to lower wages in the U.S.A. This ...


The Stabilization And Structural Adjustment Procedures Of The International Monetary Fund And The World Bank, Douglas A. Reznick Jan 1995

The Stabilization And Structural Adjustment Procedures Of The International Monetary Fund And The World Bank, Douglas A. Reznick

Masters Theses

The IMF and the World Bank began to attach structural adjustment restrictions to many of their loans to developing countries in the early 1980s. Some of these restrictions are not based on solid economic ground and are, in many cases not effective in improving the economic standing of the countries that receive loans. In addition, there was also a misdiagnosis of the problems that occurred in the underdeveloped countries of the world. Under the IMF/World Bank paradigm, the difficulties that most underdeveloped countries experienced were due to internal distortions and non-effective development strategies. Evidence to the contrary shows that ...


Of Devaluation, Imports, Exports, Balance Of Payments And The Imf In Malawi: A Case Study, Vincent G. Malunga Jan 1993

Of Devaluation, Imports, Exports, Balance Of Payments And The Imf In Malawi: A Case Study, Vincent G. Malunga

Masters Theses

In International Economics, conventional wisdom suggests that devaluation improves the trade balance for a country. This is possible because, by worsening the terms of trade for a country, devaluation leads to import substitution and enhanced competitiveness in the export sector. The trade balance is expected to improve via the J-curve, where the trade balance worsens first, until a country is able to adjust to the contractual problem.

This project sought to identify the presence of the J-curve or a lack thereof in Malawi, a country in South Central Africa, within the contextual frame work of the IMF's structural adjustment ...


An Empirical Study Of Foreign Exchange And Economic Development, Kathy L. Runyon Jan 1973

An Empirical Study Of Foreign Exchange And Economic Development, Kathy L. Runyon

Masters Theses

No abstract provided.


The Terms Of Trade Thesis Revisited, Richard L. Grabowski Jan 1972

The Terms Of Trade Thesis Revisited, Richard L. Grabowski

Masters Theses

No abstract provided.