The basic aim of the research is to investigate the impacts of research and development (R&D) on manufacturing trade. Six hypotheses are tested. The focus is on possible non-linear effect of R&D on trade flows and whether R&D helps overcome the distance and the role of level of economic development on manufacturing trade. The panel unit root test and panel econometric methods are employed on th...

This paper examines the impacts of the real exchange rates of the Chinese renminbi against the US dollar on the Japanese and the Korean exports to the US. Empirical test results, which have analyzed the quarterly data covering 1986Q1 to 2005Q2, show different long-run impacts of the renminbi in the export functions of the two countries. In particular, according to the estimation of cointegratin...

The advantages and limitations of the U.S. ethanol industry have both become apparent during the current period of high petroleum prices. One advantage is that ethanol is cost-reducing as a gasoline additive and as a gasoline replacement using E85 (motor fuel blends of 85 percent ethanol and just 15 percent gasoline). However, corn supply limits ethanol’s role in energy markets; ethanolbased co...

A BSTRACT According to the Heckscher-Ohlin-Vanek theorem, the net exports of a region are determined by relative abundance of the immobile factors of production. Empirical tests of this theory, usually at a high level of aggregation, have frequently not supported it. We find, instead, that data on interstate trade in wood products within the United States are in strong agreement with the theore...

WASHINGTON (AP) Iranian oil exports apparently w ere choked off yesterday by a shutdown of the country’s only crude oil port. A U.S. official said the shutdown may have stem m ed from a strike by port workers. Initial reports came to adm inistration and congressional sources from the CIA. The reported shutdown at Iran ’s K harg Island came as the United States sought to negotiate the release of...

Declaration In accordance with the Regulations for Higher Degrees by Research, I hereby declare that the whole thesis now submitted for the candidature of Doctor of Philosophy is a result of my own research and independent work except where reference is made to published literature. I also hereby certify that the work embodied in this thesis has not already been submitted in any substance for a...

E nergy analysts sometimes speak of oil’s “golden era,” that 100-year stretch between 1874 and 1974 when the real price was relatively stable within a range from $10 to $20 per barrel (BP, 2008) in 2007 dollars. Figure 1 shows that in recent decades, that stability has ended. In October 1973, several Arabic members of the Organization of the Petroleum Exporting Countries (OPEC) announced that i...

We analyse the impact of private equity buyouts on firm exports, a panel UK non-financial firms over 2004--2017. Using difference-in-differences estimations, we show that ownership increases probability exporting, value and export to sales ratio. further positive exports holds only after private-to-private buyouts, or acquisitions small young target firms. Our findings suggest investors mitigat...