The Terms of Trade of Agriculture in Context of Economic Growth

1969 ◽  
pp. 634-663 ◽  
Author(s):  
Yair Mundlak
Keyword(s):  
Economic Growth ◽  
Terms Of Trade

CHINA — CAN RAPID ECONOMIC GROWTH CONTINUE?

2004 ◽  
Vol 49 (02) ◽  
pp. 255-272 ◽  
Author(s):  
ANDREA BOLTHO
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Economy ◽  
Terms Of Trade ◽  
Resource Reallocation ◽  
Labor Policies ◽  
Cheap Labor ◽  
Rapid Economic Growth ◽  
The World ◽  
Catch Up

Between 1978 and 2000, Chinese GDP expanded more than seven-fold; present official projections suggest a further four-fold expansion to 2020. Is this feasible and, if so, what would be the consequences for the rest of the world? China has a huge catch-up potential and a vast resource of cheap labor. Policies are improving. The fiscal, employment and regional disparity problems, while serious, seem manageable. Hence, further rapid growth is possible. For the world economy this is bound to be beneficial thanks to resource reallocation, the growth of a large market and likely terms of trade gains. Developing countries, particularly in Asia, will, however feel a strong competitive challenge.

The Voracity Effect

1999 ◽  
Vol 89 (1) ◽  
pp. 22-46 ◽  
Author(s):  
Aaron Tornell ◽  
Philip R Lane
Keyword(s):  
Economic Growth ◽  
Open Access ◽  
Capital Stock ◽  
Terms Of Trade ◽  
Institutional Infrastructure

We analyze an economy that lacks a strong legal-political institutional infrastructure and is populated by multiple powerful groups. Powerful groups dynamically interact via a fiscal process that effectively allows open access to the aggregate capital stock. In equilibrium, this leads to slow economic growth and a “voracity effect,” by which a shock, such as a terms of trade windfall, perversely generates a more-than-proportionate increase in fiscal redistribution and reduces growth. We also show that a dilution in the concentration of power leads to faster growth and a less procyclical response to shocks. (JEL F43, O10, O23, O40)

scholarly journals Insights and Pitfalls: Selection Bias in Qualitative Research

1996 ◽  
Vol 49 (1) ◽  
pp. 56-91 ◽  
Author(s):  
David Collier ◽  
James Mahoney
Keyword(s):  
Economic Growth ◽  
Qualitative Research ◽  
Selection Bias ◽  
Comparative Studies ◽  
Quantitative Research ◽  
Terms Of Trade ◽  
Qualitative Studies ◽  
Real Issue ◽  
Trade Offs ◽  
Selection Of

Qualitative analysts have received stern warnings that the validity of their studies may be undermined by selection bias. This article provides an overview of this problem for qualitative researchers in the field of international and comparative studies, focusing on selection bias that may result from the deliberate selection of cases by the investigator. Examples are drawn from studies of revolution, international deterrence, the politics of inflation, international terms of trade, economic growth, and industrial competitiveness. The article first explores how insights about selection bias developed in quantitative research can most productively be applied in qualitative studies. The discussion considers why qualitative researchers need to be concerned about selection bias, even if they do not care about the generality of their findings, and it considers distinctive implications of this form of bias for qualitative research, as in the problem of what is labeled “complexification based on extreme cases.” The article then considers pitfalls in recent discussions of selection bias in qualitative studies. These discussions at times get bogged down in disagreements and misunderstandings over how the dependent variable is conceptualized and what the appropriate frame of comparison should be, issues that are crucial to the assessment of bias within a given study. At certain points it becomes clear that the real issue is not just selection bias, but a larger set of trade-offs among alternative analytic goals.

scholarly journals ANALISIS DAMPAK LIBERALISASI PERDAGANGAN KAWASAN EKONOMI ASIA TERHADAP KINERJA EKONOMI MAKRO ASEAN

2018 ◽  
Vol 1 (2) ◽  
pp. 104-119
Author(s):  
Ichsan Zulkarnaen ◽  
Rina Oktaviani ◽  
Mangara Tambunan ◽  
Yulius Yulius
Keyword(s):  
Economic Growth ◽  
Trade Liberalization ◽  
Main Tool ◽  
Developed Countries ◽  
Terms Of Trade ◽  
Economic Welfare ◽  
Import Tariff ◽  
Asean Countries ◽  
The Impact ◽  
Japan And China

This research intends to explore the impact of trade liberalization on macroeconomic performances, especially on Indonesia and other ASEAN Countries. The GTAP model is used as the main tool of analysis. The findings show that the benefit of the trade liberalization is still dominated by developed countries such as Japan and China. The elimination of import tariff results an increase in economic growth and economic welfare on all participated countries. It also results in an increase in GDP deflator and terms of trade which meant decreasing competitiveness.  Keywords: Asia trade liberalization, ASEAN countries, GTAP model

Terms of trade and economic growth in developing country

2020 ◽  
Vol 13 (1) ◽  
pp. 1-19
Author(s):  
Syed Tehseen Jawaid ◽  
Abdul Waheed ◽  
Aamir Hussain Siddiqui
Keyword(s):  
Economic Growth ◽  
Negative Relationship ◽  
Terms Of Trade ◽  
Least Square ◽  
Cointegration Test ◽  
Series Data ◽  
Significant Positive Effect ◽  
Content Type ◽  
Ordinary Least Square ◽  
Positive Effect

Purpose The purpose of this study is to investigate the first time ever the effects of overall terms of trade, bilateral terms of trade and main commodity groups’ terms of trade on economic growth. Design/methodology/approach Augmented Dickey Duller and Philips Perron unit root tests and Johensan cointegration test have been applied by using annual time series data from 1974 to 2017. Dynamic ordinary least square and fully modified ordinary least square have also been used to perform sensitivity analysis. Findings The cointegration test confirm the positive long-run relationship between overall terms of trade (ToT) and economic growth. Country-wise results show that ToT with Australia, Bangladesh, Canada, Hong Kong, Japan, Kuwait, Malaysia, Singapore, Sri Lanka, UK and the USA have significant positive effect on economic growth. Conversely, ToT with China and UAE has significant negative effect on economic growth. In contrast, ToT with India, Norway, Saudi Arabia and Switzerland has insignificant effect on the economic growth of Pakistan. Product-wise results indicate that the product group namely, Chemical, Crude Material inedible except fuels, Manufactured and Minerals fuels and Lubricant found to be a significant positive effect on economic growth. However, Beverages and Tobacco, and Machinery and Transport product groups found to be significant negative impact on economic, while Food and Live animals found to be insignificant. Practical implications In general, it is suggested that the beneficial terms of trade are favorable for economic growth. The study suggested export promotion policy for which relationship between ToT and economic growth found positive and import substitution policy is suggested the products found a negative relationship between the said variables. Originality/value This paper is a pioneer attempt to investigate the effect of overall ToT, bilateral terms of trade and the main commodity group’s ToT on economic growth in Pakistan.

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