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  1. FDI flows and the effects of the shadow economy
    evidence from gravity modelling
    Autor*in: Zander, Tobias
    Erschienen: August 11th 2022
    Verlag:  European Institute For International Economic Relations, Bergische Universität Wuppertal, Campus Freudenberg, Wuppertal, Germany

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 805
    keine Fernleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: EIIW discussion paper ; 322
    Schlagworte: International Economics; Foreign Direct Investment; Gravity Model; Shadow Economy
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  2. Exchange rate dynamics and regional trade integration in the WAMZ
    Erschienen: December 2022
    Verlag:  West African Monetary Institute, [Accra, Ghana]

    This study examines the effects of bilateral exchange rate on trade flows in the WAMZ and assesses the role of complementarity trade structures in enhancing intra-WAMZ trade. The modified gravity model is used to assess whether efforts by WAMZ... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 823
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    This study examines the effects of bilateral exchange rate on trade flows in the WAMZ and assesses the role of complementarity trade structures in enhancing intra-WAMZ trade. The modified gravity model is used to assess whether efforts by WAMZ countries to facilitate transactions in national currencies and promote complementarity trade structures can enhance intra-WAMZ trade. The results from Poisson pseudo-maximum-likelihood (PPML)indicates some interesting results. It shows that there is positive and significant relationship between bilateral real exchange rate and bilateral exports, which suggests that a real depreciation of the exporting country's currency relative to the importing country's currency will stimulate bilateral exports. This clearly suggest that efforts by WAMZ countries to promote quoting and trading in national currencies will have a positive effect on bilateral trade flows among Member States. This relationship remains consistent despite controlling for endogeneity bias and using different alternative measurements for the key variables of interest. The estimated results also reveal that the extent of trade complementarity increases trade flows among WAMZ countries. Similarly, our findings for some other explanatory variables especially economic size indicates large elasticity of trade with respect to economic size. Suggesting that the economic size matters in promoting trade flows among WAMZ countries. Based on these findings this study recommends that WAMZ Member States should support efforts of the private sector to create the enabling infrastructure to support quoting and trading in national currencies. By encouraging cross-border trade and other transactions in national currencies, WAMZ countries can potentially avert large swings in exchange rates. These should be complemented by measures that will enhance trade complementarity structures, including encouraging regional value chains through trading in intermediate inputs across countries to enable WAMZ Member States to take advantage of the African Continental Free Trade Area (AfCFTA) initiative.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/299173
    Schriftenreihe: WAMI occasional paper series ; no. 28
    Schlagworte: Exchange Rate; Trade Integration; Complementarity; Trade Structures; Gravity Model; WAMZ
    Umfang: 1 Online-Ressource (circa 66 Seiten), Illustrationen