Using a gravity model of trade and the U.S. and Chinese panel data, I present evidence that supports the views that linguistic links have become more important in foreign trade than geographical proximity and that linguistic influence on trade is more significant in China than in the U.S. The estimated result based on a broad panel of economies shows little overall relation between religious si...

The present study has made an attempt to discuss the effects of exchange rate volatility and price expectation on maize imports in Iran from 1980 to 2013. In doing so, using the EGARCH technique for time series econometrics, price volatility variables for both exchange rate and final price have been calculated, and the time series for these variables have been extracted. Additionally, in regard...

This paper investigates the nature of the causal relationship between stock prices and macroeconomic aggregates in the foreign sector in India. By applying the techniques of unit–root tests, cointegration and the long–run Granger non–causality test recently proposed by Toda and Yamamoto (1995), we test the causal relationships between the BSE Sensitive Index and the three macroeconomic variable...

Purpose Motivated by recent rapid exchange rate depreciations, shrank economic growth, high inflation, and persistent trade deficits, this study examines the balance (TB) in face of dynamics stated macroeconomic factors, which are also important determinants TB. The symmetric test J-curve phenomenon for selected Sub-Saharan African (SSA) countries is revisited regard. uses panel data from 1970 ...

In this paper I estimate the labor demand response of Hungarian exporting firms to real exchange rate movements. The use of firm level export/import data enables me to separate two channels through which the exchange rate affects labor demand. First, a real depreciation raises the forint-equivalent price of foreign competitors, thereby boosting demand for the firm’s export and, hence, the firm’...