Oxford Bulletin of Economics and Statistics

The balance of payments and the international investment position are designed to measure and present an economy’s external activity engaged with the rest of the world, such as flows of goods, services and capital during certain periods and the accumulated stocks of assets or liabilities at certain times. Analysis of the balance of payments, which extends national accounts for a closed economy to national accounts for an open economy, demonstrates a country’s international economic linkages with the rest of the world.

Open Economy Macroeconomics

Applied Econometrics A Modern Approach Using Eviews And Microfit

Purpose – This review has two purposes: (1) to systematically analyse the literature on export competitiveness (EC) and (2) to provide an overview of various determinants and the methodological trends in the subject field, making it possible to develop a roadmap for future researchers. Design/methodology/approach – The systematic literature review (SLR) method was employed in this paper. The authors have covered three decades of research articles published in Scopus listed journals between 1991 and 2020. The determinants of EC are synthesized and widely used theories, and methodologies are identified and classified. The authors have also provided directions for future research. Findings – The key determinants identified are labour and capital productivity, labour costs, exchange and real effective exchange rate (REER), domestic gross domestic product (GDP), trade liberalization and barriers. The findings reveal that EC is now a scientific measure, since the studies in this subject field have moved towards measuring EC and its determinants. Originality/value – There has been no comprehensive review in this area exploring the theories, context, constructs and methodologies until now. Therefore, this review provides deep insights into the topic and also offers a unified picture of the subject field.

Three decades of export competitiveness literature: systematic review, synthesis and future research agenda

This study aims to test the existence of J-curve phenomenon in Laos’s economy using quarterly data over the period of 1993-2010. The ARDL bounds testing approach to cointegration is used to examine short run as well as long run impact of real depreciation of Lao kip on Lao trade balance. The empirical results suggest that there is J-curve effect in case of Laos. The impact of real depreciation of the Lao kip on Lao trade balance is insignificant in long run. In short-run, real depreciation has inverse impact on Lao’s trade balance. The long-run trade balance is determined by domestic income.

Does J-Curve Phenomenon Exist in Case of Laos? An ARDL Approach

This paper investigates the effects of real exchange rates on manufacturing exports in 10 East African countries. The study uses pooled mean group and...

/pdf/real-exchange-rate-and-manufacturing-export-competitiveness-4e302w2lfp.pdf

Real Exchange Rate and Manufacturing Export Competitiveness in Eastern Africa

Despite the increasing importance of remittances in total international capital flows in Ethiopia, however, the short- and long-run relationships between remittances and economic growth has not been adequately studied. Existing few studies also did not resolve the nature of causality between remittances and economic growth. This study attempted to resolve these problems by employing the ARDL model and Granger causality test to investigate the short- and long-run effects and nature of causality of remittances on real GDP respectively for the period 1980 to 2015. The main results are as follows. First, remittance flow significantly improves real GDP in long run. Second, the effect of remittances in the short-run is negative. Third, there is unidirectional causality from remittances to economic growth. Fourth, short-run negative effect is higher than the long-run positive effect. A 1% increase in remittances increases real GDP by 1.13% in long run but reduces real GDP by 1.87% in the short run. This might be due to the fact that in the short run, remittances are mainly used for consumption smoothing and a high proportion of informal transfer of remittances. The policy implication of the results is that the government can extract the economic benefit of international remittance if it works on easing the remittance sending process and cost. This can be achived through devising a competitive financial system and setting coordination among government, banks, and migration offices. This can divert the remittance flows from the informal to the formal sectors.

Effect of International Remittance on Economic Growth: Empirical Evidence from Ethiopia

This study examines the effect of the real exchange rate (RER) on the three sectors' trade balances in East Africa by using ARDL procedures. The linear ARDL results show that RER depreciation impro...

Fetene Bogale Hunegnaw

Papers

Real Exchange Rate and Manufacturing Export Competitiveness in Eastern Africa

Effect of International Remittance on Economic Growth: Empirical Evidence from Ethiopia

Exchange Rate and Sectoral Trade Balance Dynamics: Empirical Evidence from Eastern Africa Panel Data