Author: Jong-Wha Lee Publisher: ISBN: Category : Capital investments Languages : en Pages : 40
Book Description
This paper presents an endogenous growth model of an open economy in which the growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85, confirm that the ratio of imported to domestically produced capital goods in the composition of investment has a significant positive effect on per capita income growth rates across countries, in particular, in developing countries. Hence, the composition of investment in addition to the volume of total capital accumulation is highlighted as an important determinant of economic growth.
Author: Fouad Sabry Publisher: One Billion Knowledgeable ISBN: Category : Business & Economics Languages : en Pages : 313
Book Description
What is International Trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: International trade Chapter 2: Economy of Burkina Faso Chapter 3: Economy of Canada Chapter 4: Economy of the Dominican Republic Chapter 5: Economy of Ethiopia Chapter 6: Economy of Jamaica Chapter 7: Economy of Malawi Chapter 8: Economy of Mongolia Chapter 9: Economy of Nigeria Chapter 10: Economy of Rwanda Chapter 11: Economy of Uzbekistan Chapter 12: Tariff Chapter 13: Economy of Mozambique Chapter 14: Import substitution industrialization Chapter 15: Subsidy Chapter 16: Virtual water Chapter 17: Export Chapter 18: Non-tariff barriers to trade Chapter 19: International business Chapter 20: Economy of the Western Cape Chapter 21: Economic history of Ghana (II) Answering the public top questions about international trade. (III) Real world examples for the usage of international trade in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of international trade.
Author: Vivien Gröning Publisher: GRIN Verlag ISBN: 3640510755 Category : Business & Economics Languages : en Pages : 24
Book Description
Seminar paper from the year 2006 in the subject Business economics - Miscellaneous, University of Hamburg, language: English, abstract: If the need for a „Big Push“ survives in an economy that is open to international trade and capital movements, or if openness to trade and capital movements is sufficient to overcome all poverty traps, these questions have daunted development economics since its inception (Jaime et al. 1997). In the last two hundred years, every country with high development and productivity rates has industrialised. While in the eighteens century Britain, and in the twenties century Korea and Japan grew rich, other countries remained poor. One of the discussed causes for this underdevelopment might be the small domestic market. While the idea started with Rosenstein-Rodan (1943)1, who thought the solution would be aid and investment programs, since the 1960s advocates tend to the Idea that openness of the economy resolve the problem of a small domestic market. The theory is that openness would induce an export-led „Big Push“ in terms of simultaneous growth over different sectors (Murphy et al.1989, p.1003). In the current discussion the „Big Push“ induced by aid has its comeback in the Millennium Development Goals from the UN (Easterly 2005, p.3). The focus of this paper is on the East Asian countries, where the export-promotion-policy had had an important role. But Trindade (2005, p.41) was the first author who interpreted the coordination-problem as solvable with solely export-promotion, because of the naturally coordination effect of exports (Asche, 2005, p.24 gloss 28). So the question is not if exports are good for an economy, but if exports can induce a „Big Push“ and thus making aid superfluously.
Author: Karl Farmer Publisher: Springer Nature ISBN: 3662629437 Category : Business & Economics Languages : en Pages : 596
Book Description
Revised and updated for the 2nd edition, this textbook guides the reader towards various aspects of growth and international trade in a Diamond-type overlapping generations framework. Using the same model type throughout the book, timely topics such as growth with bubbles, robots and involuntary unemployment, financial integration and house price dynamics, policies to mitigate climate change and the persistence of religion in a globalized market economy are explored. The first part starts from the “old” growth theory and bridges to the “new” growth theory (including R&D and human capital approaches). The second part presents an intertemporal equilibrium theory of inter- and intra-sectoral trade, investigates innovation, growth and trade and limits to public debt as well as nationally and internationally optimal climate policies. The debt dynamics of the Euro Zone and the origins of intra-EMU and Asian-US trade imbalances are also explored. The book is primarily addressed to upper undergraduate and graduate students wishing to proceed to the analytically more demanding journal literature.
Author: Piyusha Mutreja Publisher: ISBN: Category : Languages : en Pages : 40
Book Description
International trade in capital goods has quantitatively important effects on economic development through two channels: capital formation and aggregate TFP. We embed a multi country, multi sector Ricardian model of trade into a neoclassical growth framework. Our model matches several trade and development facts within a unified framework: the world distribution of capital goods production and trade, cross-country differences in investment rate and price of final goods, and cross-country equalization of price of capital goods. Reducing barriers to trade capital goods allows poor countries to access more efficient means of capital goods production abroad, leading to relatively higher capital output ratios. Meanwhile, poor countries can specialize more in their comparative advantage--non-capital goods production--and increase their TFP. The income gap between rich and poor countries declines by 40 percent by eliminating barriers to trade capital goods.
Author: Hannan Ezekiel Publisher: ISBN: Category : Capital investments Languages : en Pages : 140
Book Description
Economic theory of the role of investment strategy in the economic growth of developing countries - examines investment in consumer goods and capital goods, and includes such factors as foreign trade, consumption, labour demand, investment patterns, and the technical aspects of economic planning. References.
Author: Weicheng Lian Publisher: International Monetary Fund ISBN: 149832343X Category : Business & Economics Languages : en Pages : 86
Book Description
Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and deeper trade integration, which induced domestic producers to lower prices and increase their efficiency. Our findings suggest an additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going forward.
Author: Jong-Wha Lee
Author: Mutreja Piyusha
Author: Fouad Sabry
Author: Vivien Gröning
Author: Karl Farmer
Author: Rainer Maurer
Author: Steven M. Goldman
Author: Piyusha Mutreja
Author: Hannan Ezekiel
Author: Weicheng Lian