Come In, We’re Open (and Flexible): Trade Openness, Labour Flexibility, and Varieties of Capitalism

2011 ◽

pp. 118-138

Author(s):

N. Ryzhova

Keyword(s):

Political Economy ◽

International Trade ◽

Trade Openness ◽

Income Redistribution ◽

The Political ◽

Trade Reform ◽

Border Regions

The article deals with the incentives for increasing international trade centralization and restricting trade border regions openness in reformed economy. Two groups of incentives are determined in terms of new political economy approaches: fear of separatism and reluctance of income redistribution. The situation with the radical international trade reform in Russia, followed by correction of trade openness, illustrates key moments in the concepts.

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Economic Growth and Macro Variables in India: An Empirical Study

Journal of Economics and Development ◽

10.33301/2015.17.03.03 ◽

2015 ◽

pp. 42-59

Author(s):

Saba Ismail ◽

Shahid Ahmed

Keyword(s):

Economic Growth ◽

Growth Rates ◽

Trade Openness ◽

Capital Formation ◽

Gdp Growth ◽

Fdi Inflows ◽

Domestic Capital ◽

The Government ◽

Macro Variables ◽

Determinants Of Economic Growth

The research objective of this paper is to explore the empirical linkages between economic growth and foreign direct investment (FDI), gross fixed capital formation (GFCF) and trade openness in India (TOP) over the period 1980 to 2013. The study reveals a positive relationship between economic growth and FDI, GFCF and TOP. This study establishes a strong unidirectional causal flow from changes in FDI, trade openness and capital formation to the economic growth rates of India. The impulse response function traces the positive influence of these macro variables on the GDP growth rates of India. The study also reveals that the volatility of GDP growth rates in India is mainly attributed to the variation in the level of GFCF and FDI. The study concludes that the FDI inflows and the size of capital formation are the main determinants of economic growth. In view of this, it is expected that the government of India should provide more policy focus on promoting FDI inflows and domestic capital formations to increase its economic growth in the long-term.

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The relationship between output growth and unemployment in the Philippines economy (1990-2014):

Journal of Emerging Economies and Islamic Research ◽

10.24191/jeeir.v5i1.8796 ◽

2017 ◽

Vol 5 (1) ◽

pp. 49

Author(s):

Marlon A. Mojica ◽

Virgilio M. Tatlonghari

Keyword(s):

Labor Force ◽

Structural Break ◽

Empirical Relationship ◽

Trade Openness ◽

Negative Relationship ◽

Participation Rate ◽

The Philippines ◽

Output Growth ◽

Recursive Least Squares ◽

Parameter Instability

This paper examines the empirical relationship between unemployment and real output in the Philippines utilizing quarterly data from the Labor Force Survey by the Philippine Statistics Authority for the period from 1990-2014. The study employed three variants of Okun’s Law – the “gap” approach, the “first difference” approach, and a dynamic approach. Findings show that the Okun’s coefficients based on the gap approach are consistent with the theoretical expectation of a negative relationship. In the ARDL model, labor force participation rate and trade openness were found to be significantly related to unemployment. The result of dummy variable test revealed the presence of structural break following the re-definition of unemployment in the Philippines in 2005. Recursive least squares and rolling regressions show evidence of parameter instability in several sub-periods.

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