The trade-growth nexus in the developing countries: a quantile regression approach

Dufrénot, Gilles; Mignon, Valérie; Tsangarides, Charalambos

doi:10.1007/s10290-010-0067-5

Cited by 111 publications

(70 citation statements)

References 67 publications

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“…This depends upon assumptions 11 Suwa-Eisenmann and Verdier (2007) provide a complete and excellent overview of the topic. See also Dufrenot et al (2010). 12 For example, Nilsson (1997) observes for trade between the EU and recipient countries that US$ 1 of aid generated US$ 2.6 of exports from donor to recipient for the period 1975-1992.…”

Section: Literature Reviewmentioning

confidence: 97%

Aid-for-trade facilitation

2011

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Aid for Trade' is an ongoing and high-profile discussion associated with the Doha negotiations of the World Trade Organization. It also relates to questions of how best to achieve the Millennium Development Goals. Questions remain, however, about whether foreign aid spent on trade facilitation increases trade flows of developing countries. Does it work differently from aid in general? Using detailed data on aid flows from the OECD, the analysis here estimates the relationship between specific types of aid and trade flows, both globally and of the aid recipients. The findings indicate that aid spent on promoting trade is positively associated with global trade. For most types of such aid-for-trade facilitation, it is relatively more strongly associated with recipient exports than their imports. In contrast 'other' types of aid are more strongly associated with recipient imports. Based on elasticities estimated over 16 years of trade and aid data for 40 donor countries and about 170 country trading pairs, our results suggest that a 1% increase in aid-for-trade facilitation (of about US$ 220 million in 2008) correlates to about US$ 290 million of additional exports from the aid receiving countries.

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Section: Literature Reviewmentioning

confidence: 97%

Aid-for-trade facilitation

2011

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“…These results are consistent with the impact of some endogenous factor on economic growth. For example, Dufrénot et al (2010) provide empirical evidence about trade activity as a mechanism to encourage economic growth. Using quantile regression approach, they show that those countries with middle-low income tend to have higher coefficients than those countries with high-income level.…”

Section: Opportunity Entrepreneurship As An Endogenous Factor In Econmentioning

confidence: 99%

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Aparicio

Urbano

Audretsch

2016

Technological Forecasting and Social Change

513

409

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Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. Abstract: This paper explores the institutional factors that encourage opportunity entrepreneurship in order to achieve higher rates of economic growth. We suggest that institutions may not have an automatic effect, as is typically assumed in models of endogenous growth. Rather, a mechanism is required to serve as a conduit into the society for those institutional factors that affect productive behavior such as entrepreneurial activity. Thus, opportunity entrepreneurship is identified as one such mechanism that impacts on economic growth. Using a three-stage least-square method through unbalanced panel data with 43 countries (2004-2012), we find that informal institutions have a higher impact on opportunity entrepreneurship than formal institutions. Variables such as control of corruption, confidence in one's skills and private coverage to obtain credit promote a positive effect of opportunity entrepreneurship on economic growth in all the countries of our sample, and especially in Latin American countries as a homogeneous group. These results suggest additional elements to the theoretical discussion in terms of the importance of institutions such framework to understand determinants and effects of opportunity entrepreneurship. Regarding 2 policy implications, the results also suggest that it could be possible to obtain economic growth encouraging the appropriate institutions in order to increase the entrepreneurship by opportunity.

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“…These results are in line with those found by Cottani and al. (1990), Aguire and Calderon (2005) and Dufrénot and al. (2009), and, more generally with the neoclassical approach according to which the positive impact of trade on growth is explained by comparative advantages, be they in resource endowment or differences in technology (see Béreau and al.…”

Section: Resultsmentioning

confidence: 97%

Real Exchange Rate Misalignment and Economic Growth: An Empirical Study for the Maghreb Countries

Abida

2011

IJEF

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It has long been recognized in academic and policy debates that domestic policies play an important role in explaining economic growth. The paper investigates the role of real exchange rate (RER) misalignment on long-run growth in three countries of the Maghreb countries (Tunisia, Algeria and Morocco) over the period 1980-2008. We fi rst estimate equilibrium RER relying on the Fundamental Equilibrium Exchange Rate (FEER) approach, from which misalignment is derived. Second, we estimate a dynamic panel growth model in which among the traditional determinants of growth, our measure of misalignment is included. The results indicate that the coeffi cient for RER misalignment is negative, which means that a more depreciated (appreciated) RER helps (harms) long-run growth. As a consequence, an appropriate exchange rate policy would close the gap between RER and its equilibrium level.

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The trade-growth nexus in the developing countries: a quantile regression approach

Cited by 111 publications

References 67 publications

Aid-for-trade facilitation

Aid-for-trade facilitation

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Real Exchange Rate Misalignment and Economic Growth: An Empirical Study for the Maghreb Countries

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