scholarly journals Does international tourism spur international trade and output? Evidence from wavelet analysis

2018 ◽  
Vol 25 (1) ◽  
pp. 22-33 ◽  
Author(s):  
Mukesh Kumar ◽  
Sanjeev Prashar ◽  
RK Jana
Keyword(s):  
United States ◽  
Economic Growth ◽  
International Trade ◽  
Wavelet Analysis ◽  
The United States ◽  
International Tourism ◽  
Monthly Data ◽  
Time Frequency

In this article, we attempt to examine the nexus of trade, economic growth, and international tourism. We resort to wavelet-based analysis to capture the time–frequency-based lead–lag dynamics of this nexus. Considering the monthly data spanning from January 1999 to February 2018 for the United States, we find the evidence that (a) increasing trade leads to higher tourist inflows (in terms of receipts), (b) tourist receipts are lagged by economic growth, and (c) these relationships are significant in the long term. We believe that these results are crucial for policymakers to frame policies regarding tourism in the United States.

Markets, Technological Change and Economic Growth (The Quaid-i-Azam Lecture)

1994 ◽  
Vol 33 (4I) ◽  
pp. 327-356 ◽  
Author(s):  
Richard G. Lipsey
Keyword(s):  
United States ◽  
Economic Growth ◽  
Developing Countries ◽  
Common Ground ◽  
The United States ◽  
Industrial Countries ◽  
Canadian Institute ◽  
Primary Focus ◽  
Short Time

I am honoured to be invited to give this lecture before so distinguished an audience of development economists. For the last 21/2 years I have been director of a project financed by the Canadian Institute for Advanced Research and composed of a group of scholars from Canada, the United States, and Israel.I Our brief is to study the determinants of long term economic growth. Although our primary focus is on advanced industrial countries such as my own, some of us have come to the conclusion that there is more common ground between developed and developing countries than we might have first thought. I am, however, no expert on development economics so I must let you decide how much of what I say is applicable to economies such as your own. Today, I will discuss some of the grand themes that have arisen in my studies with our group. In the short time available, I can only allude to how these themes are rooted in our more detailed studies. In doing this, I must hasten to add that I speak for myself alone; our group has no corporate view other than the sum of our individual, and very individualistic, views.

Introduction

2020 ◽  
pp. 1-30
Author(s):  
B. Zorina Khan
Keyword(s):  
United States ◽  
Economic Growth ◽  
Technological Change ◽  
Knowledge Economy ◽  
The United States ◽  
Men And Women ◽  
Modern Knowledge ◽  
Wealth Of Nations

Knowledge and ideas, incentives, and institutions are central for understanding technological change and long-term economic growth. This book bridges the current disconnect between the economics of technological change and the analysis of institutions. The discussion draws on detailed information about the experience of over one hundred thousand ingenious men and women in Britain, France, and the United States, whose inventions helped to create the modern knowledge economy. These results overturn longstanding myths of invention about elites, innovation prizes, and “entrepreneurial states,” and instead highlight the pivotal role of property rights and markets in ideas in explaining technological progress and the wealth of nations.

The Environment and International Trade

2000 ◽  
Vol 12 (1) ◽  
pp. 72-100 ◽  
Author(s):  
David Vogel
Keyword(s):  
United States ◽  
International Trade ◽  
Environmental Policy ◽  
Trade Policy ◽  
Economic Impact ◽  
Environmental Regulation ◽  
The United States ◽  
The Relationship

This article examines the increasingly important and often contentious relationship between international trade and environmental regulation in the United States. It begins by explaining why these two policy areas have recently become more interdependent and then explores some of the specific controversies surrounding the contemporary linkages between trade policy and environmental regulation. The article concludes by analyzing the long-term political and economic impact of the relationship between trade and environmental policy.

scholarly journals The Spillover of Inflation among the G7 Countries

2021 ◽  
Vol 14 (8) ◽  
pp. 392
Author(s):  
Khandokar Istiak ◽  
Aviral Kumar Tiwari ◽  
Humaira Husain ◽  
Kazi Sohag
Keyword(s):  
United States ◽  
Purchasing Power Parity ◽  
Low Cost ◽  
The United States ◽  
Power Parity ◽  
G7 Countries ◽  
Monthly Data ◽  
China Trade ◽  
Global Shocks

Many global shocks, including the renegotiation of NAFTA, the United States–China trade war, the Brexit, and the COVID-19 pandemic, may have recently influenced the inflation spillover in the G7 countries. The current literature overlooks the influence of these important events on the inflation spillover of the G7 countries. This study fulfills this gap and investigates the nature of inflation spillover in the short, medium, and long term. Using the monthly data from 1956:6 to 2020:12, the study finds that Japan and the United States are the main transmitters of inflation. International trade, purchasing power parity, low-cost technology, and the Abenomics policy were found to be responsible for the inflation spillover. We suggest that the central banks of these countries collaborate to achieve the targeted inflation rate.

3. Growth Unlimited

2021 ◽  
pp. 53-72
Author(s):  
John S. Dryzek
Keyword(s):  
Climate Change ◽  
United States ◽  
Economic Growth ◽  
The United States ◽  
Resource Scarcity ◽  
Natural Systems ◽  
Earth Systems ◽  
Human Control ◽  
Long Term Trends

This chapter covers a response to the discourse of limits which stresses the unlimited capacity of ingenious humans to overcome ecological limits, especially when they are organized in capitalist markets. For Prometheans, long term trends show environmental improvement and declining resource scarcity, such that economic growth can therefore go on forever. This Promethean discourse has often been advanced by market economists, and has often been highly influential in government, especially in the United States. More recently a Promethean environmentalism looks forward to a ‘good Anthropocene’ in which government too plays a role in bringing natural systems under benign human control, so that technologies such as geoengineering can be used effectively against problems such as climate change. In the background of Promethean argument is an older cornucopian discourse that stresses natural abundance of resources and the capacity of ecosystems to absorb pollutants. Ecologists and Earth systems scientists are not convinced and remain critical of Promethean discourse.

Exchange rates, Canadian lumber imports, and United States prices: a time-series analysis

1988 ◽  
Vol 18 (12) ◽  
pp. 1587-1594 ◽  
Author(s):  
Joseph Buongiorno ◽  
Jean-Paul Chavas ◽  
Jussi Uusivuori
Keyword(s):  
United States ◽  
Time Series ◽  
Exchange Rate ◽  
Time Series Analysis ◽  
The United States ◽  
Monthly Data ◽  
Softwood Lumber ◽  
The Past ◽  
Series Analysis

Softwood lumber imports by the United States from Canada more than doubled during the past 10 years. The objective of this paper was to investigate two possible reasons for this change: (i) the increase in value of the U.S. dollar relative to the Canadian dollar, and (ii) the rise in the price of softwood lumber in the United States. The method used was time-series analysis, leading to measures of feedback and long-term multipliers between imports, exchange rate, and U.S. price. The results, based on monthly data from January 1974 to January 1986, suggested that 68% of the rise in Canadian imports during this period was due to the rise in the price of softwood lumber in the United States. The exchange rate, however, was not found to have a significant effect on imports. The findings also indicate that the increase in imports has not led to a decline in the price received by U.S. producers.

URGENTLY: The infl uence of the Chinese coronavirus on the global economy and trade

2020 ◽  
pp. 63-71
Author(s):  
Yu. Savinov ◽  
V. Kirillov ◽  
E. Taranovskaya
Keyword(s):  
United States ◽  
Economic Growth ◽  
International Trade ◽  
Global Economy ◽  
The United States ◽  
European Countries ◽  
Alternative Sources ◽  
The Impact ◽  
Marketing Cooperation

The authors consider the impact of the outbreak of a new coronavirus in China in the article and assess its impact on international trade, primarily on China’s exports. It is emphasized that the development of the epidemic led to the shutdown of many factories, disrupted the traditional supply of goods from China to other states, primarily to the United States and European countries. This seriously aff ects the dynamics of data on China’s economic growth, as well as the functioning of global production chains, violates all production and marketing cooperation agreements, and forces importers to start looking for alternative sources of supply in other countries.

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