Business Law (Books and Journals)
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Impact of Exchange Rate on Trade Balance of India: Evidence from Threshold Cointegration with Asymmetric Error Correction Approach
In this research, we investigate the dynamic relationship between the trade balance and exchange rate in the case of India using threshold cointegration and an asymmetric error-correction model. Empirical results validate that the long-run dynamic relationship between the trade balance and exchange rates is asymmetric. In the short run, the trade balance responds only due to positive deviations...
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Dynamics of Price Transmission: Evidence from India’s Import Basket
This article uses granular information on trade flows between India and its trading-partners to estimate the impact of price changes on the import basket in general. We first investigate whether a change in world prices at the commodity level triggers a reorganisation of trading partners. Second, we examine the degree of transmission of world prices to Indian import prices. Lastly, we look at...
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Inflation Adjustment, Endogenous Risk Premium and Exchange Rate: A Theoretical Analysis
This article develops a full employment monetary framework that deals with the interaction between exchange rate and inflation rate dynamics, emphasising the existence of risk premium. The economy consists of internal and foreign bonds. These are close substitutes since there exists a risk premium that depends on inflation rate, budget deficit and net exports. According to the monetary policy...
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Intensive and Extensive Margins of Export Diversification as Strategies for Sustainable Economic Growth: Evidence from the Nigerian Economy
Two opposite strands of literature analysing export diversification’s role in promoting sustainable growth have evolved in international economics and development, namely, the intensive and extensive margins of exports. This study empirically investigates which of the margin is more useful towards promoting sustainable growth using annual time series data of Nigeria for the period 1960–2021....
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Determinants of Foreign Direct Investment: A Systematic Review of the Empirical Studies
A growing body of literature is concerned with the factors that determine the inflows of foreign direct investment (FDI) into a host country. However, hardly any literature has been carried out to provide a systematic literature review (SLR) of the FDI determinants. An SLR methodology underlies this conceptual paper to evaluate and categorise a literature survey of 112 empirical studies published
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Impact of SADC Free Trade Area on Southern Africa’s Intra-Trade Performance: Implications for the African Continental Free Trade Area
The main raison d’être of the Southern African Development Community (SADC) Free Trade Area (FTA) implemented in 2012 was to inter alia boost intra-regional trade and promote regional trade integration. The low levels of growth and mixed trade performance of countries, eight years after, raises questions about the success of the FTA. The success of the recently launched African Continental Free...
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Comparative Performance of Trade Openness and Sovereign Debt Accumulation in Fostering Economic Growth of Sub-Saharan African Countries
In the last four decades, sub-Saharan African countries have witnessed a substantial increase in trade openness and sovereign debt (foreign public debt and domestic public debt). The direct and interactive effects of these factors on economic growth are investigated in this study. The investigation covers the period 1980–2020 and employs the generalised method of moment methodology. The...
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Globalisation and Inclusive Growth in Africa: The Role of Institutional Quality
This study examines the relationship between globalisation and inclusive growth by considering the modulating role of institutional quality. To achieve our broad objective, we use data from 45 African economies over 1996–2018 to determine the panel cointegration and cointegrating regression association between inclusive growth, globalisation and institutional quality. To determine a suitable...
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Future Prospects of the Gravity Model of Trade: A Bibliometric Review (1993–2021)
The gravity model of trade (GMoT) has become popular among practitioners and academics lately, essentially because of its power to provide a comprehensive explanation of real-world trade data. Complementing this are Viner’s concepts of trade creation (TC) and trade diversion (TD), which have been crucial in the development of a conceptual framework for evaluating the trade implications of a trade
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Trade–Finance Nexus: The Centrality of the Quality of Institutions in Sub-Saharan African Leading Economies
The study examines the interaction effect of trade and institutional quality on financial sector development in 20 leading economies in sub-Saharan Africa selected based on 2018 GDP per capita ranking (top 20 richest economies by GDP per capita released by the IMF) over the period 2005–2020. Using system-generalised method of moments estimation, the results indicate that the effect of the...
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How Can Tariff Elimination and Trade Facilitation Affect East African Economies?
The article assesses the potential economic implications of tariff elimination and trade facilitation (TF) in the context of the African Continental Free Trade Area (AfCFTA) agreement for East Africa. Using the most recent GTAP database and computable general equilibrium model, the article provides additional evidence on the socio-economic benefits of the ongoing trade integration process. The...
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Prediction of Electricity Trade Partners Based on the Network Theory: The West Asia Community
This study aims to predict electricity cross-border trade partners based on the network theory and to investigate the position and importance of West Asia community in the global electricity trade network. For this purpose, the global network is constructed to examine the role of each node in the network for the time period of 2010–2018. Different communities are identified to proceed with the...
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Exchange Rate Changes and the J-curve Effect: Asymmetric Evidence from a Panel of Five Emerging Market Economies
Using the symmetric and asymmetric specifications of the pooled mean group estimator, we attempted to scrutinise the possibility of the J-curve effect in the case of Brazil, Russia, India, China and South Africa. In addition to both real effective exchange rate changes and nominal effective exchange rate changes, the possible impact of domestic and foreign demand pressures on the trade balance is
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Trade Data Falsification and Informal Capita Movement: A Study of Bangladesh with Major Asian Trade Partners
The imposition of restrictive trade policies and consequent fabrication of foreign trade statistics acts as hindrance for effective policy formulations in the developing countries. This article presents the trade misreporting scenario of Bangladesh in relation to major Asian trade partner countries (China, India and Singapore) between 1973 and 2018 and examines the possibilities of informal...
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Asymmetric Exchange Rate Pass Through to Consumer Prices: Evidence from Zambia
The purpose of this study was to examine the asymmetric exchange rate pass through (ERPT) to consumer price inflation in Zambia. We examined ERPT to consumer price inflation arising from kwacha depreciation and appreciation for the period between the first quarter of 1985 to the fourth quarter of 2017. We employed the structural vector autoregressive model. The results showed that ERPT to...
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General Equilibrium Trade Policy Analysis among One Belt One Road Nations Using Structural Gravity Framework
Currently, the world is witnessing one of China’s most significant economic integration initiatives–One Belt One Road (OBOR). This article aims to evaluate the general equilibrium (GE) effects of this initiative on member nations. The structural gravity model is used in this study to perform the counterfactual analysis while analysing the conditional and general equilibrium effects of the trade...
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Exchange Rate Changes and the J-curve Effect: Asymmetric Evidence from a Panel of Five Emerging Market Economies
Using the symmetric and asymmetric specifications of the pooled mean group estimator, we attempted to scrutinise the possibility of the J-curve effect in the case of Brazil, Russia, India, China and South Africa. In addition to both real effective exchange rate changes and nominal effective exchange rate changes, the possible impact of domestic and foreign demand pressures on the trade balance is
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Prediction of Electricity Trade Partners Based on the Network Theory: The West Asia Community
This study aims to predict electricity cross-border trade partners based on the network theory and to investigate the position and importance of West Asia community in the global electricity trade network. For this purpose, the global network is constructed to examine the role of each node in the network for the time period of 2010–2018. Different communities are identified to proceed with the...
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Trade Data Falsification and Informal Capita Movement: A Study of Bangladesh with Major Asian Trade Partners
The imposition of restrictive trade policies and consequent fabrication of foreign trade statistics acts as hindrance for effective policy formulations in the developing countries. This article presents the trade misreporting scenario of Bangladesh in relation to major Asian trade partner countries (China, India and Singapore) between 1973 and 2018 and examines the possibilities of informal...
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Asymmetric Exchange Rate Pass Through to Consumer Prices: Evidence from Zambia
The purpose of this study was to examine the asymmetric exchange rate pass through (ERPT) to consumer price inflation in Zambia. We examined ERPT to consumer price inflation arising from kwacha depreciation and appreciation for the period between the first quarter of 1985 to the fourth quarter of 2017. We employed the structural vector autoregressive model. The results showed that ERPT to...
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General Equilibrium Trade Policy Analysis among One Belt One Road Nations Using Structural Gravity Framework
Currently, the world is witnessing one of China’s most significant economic integration initiatives–One Belt One Road (OBOR). This article aims to evaluate the general equilibrium (GE) effects of this initiative on member nations. The structural gravity model is used in this study to perform the counterfactual analysis while analysing the conditional and general equilibrium effects of the trade...
- A Space for Dignity: The Vantage of Capability Approach.
- Mediation of Personality in the Relationship Between Organizational Roles & Motivation: A Study on ASHA Workers.
- Union Wage Effects on Contract Labor.
- Best Practices for Effective Talent Management in the Manufacturing Industry.
- Workplace Spirituality, Work-related Attitudes & Organizational Performance: Moderating Effect of Organizational Culture's Elements.
- Consequences of Employees' Employer Brand Perceptions: Test of a Serially Mediated Path Model.
- Succession Planning Practices for Employee Retention: A Case Study of Private Banks in Ethiopia.
- Impact of Glass Ceiling Factors on Women Career Development in IT Companies in Sri Lanka.
- The Perception of Impacts of Work from Home on Employee Well-being.