Search results for "jel:F43"
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Trade Openness and Income: A Tale of Two Regions
2015
In this article we present evidence of the long-run effect of trade openness on income per worker for two regions that have followed different liberalization strategies, namely Asia and Latin America. A model that re-examines these questions is estimated for two panels of Asian and Latin American countries over the 1980-2008 period using a novel empirical approach that accounts for endogeneity as well as for the time series properties of the variables involved. From an econometric point of view, we apply recent panel cointegration techniques based on factor models that account for two additional elements usually neglected in previous empirical literature: cross-dependence and structural bre…
THE INFLUENCE OF THE ROMANIAN-GERMAN ECONOMIC RELATIONS ON A SPECIFIC MARKET IN ROMANIA
2015
Considering the evolution of the Romanian-German economic relations, with their two major components (the direct foreign investments and trade), we analyzed their influence on a specific market in Romania, in this case the logistics market in Romania. After the analysis, we can conclude that the Romanian-German economic relations influenced in a positive way the development of the logistics market in Romania, both in terms of quantity but also in terms of quality, and, in addition to this, it has a significant contribution in terms of stability for the logistics market in Romania.