Suchergebnisse

International audience ; The aim of this paper is to investigate the causal relationship between exports and productivity and exports and agricultural support within the European Union. Using the ARDL approach to cointegration and error correction models, we find evidence of exports within the EU being determined by support in Ireland and France, as well as gains in productivity contributing to export growth in Germany and the UK. This finding may help explain why some countries within the EU, such as France have large agricultural trade surpluses, whilst others run large deficits.

The literature suggests that investment and economic growth respond very slowly to economic reform due to uncertainty about the permanence of reform. Despite clear theoretical underpinnings for the idea that policy reversal significantly impedes economic performance, there is limited empirical evidence on this topic. This paper derives empirical proxies for the probabilities of different types of policy reversal and investigates their impact on investment and growth in Sub-Saharan African countries. The results show that trade, fiscal, savings and financial policy reversals have been very damaging to investment and economic growth. The paper also finds that it is the prediction or expectation that reversal will occur that hurts performance. There is no evidence that exchange rate policy reversal has damaged performance. [Copyright 2008 Elsevier B.V.]

The aim of this paper is to investigate the causal relationship between exports and productivity and exports and agricultural support within the European Union. Using the ARDL approach to cointegration and error correction models, we find evidence of exports within the EU being determined by support in Ireland and France, as well as gains in productivity contributing to export growth in Germany and the UK. This finding may help explain why some countries within the EU, such as France have large agricultural trade surpluses, whilst others run large deficits.