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Three Essays in International and De...
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Youbi, Marilyne Florence Mafoboue.
Three Essays in International and Development Economics.
紀錄類型:
書目-語言資料,手稿 : Monograph/item
正題名/作者:
Three Essays in International and Development Economics./
作者:
Youbi, Marilyne Florence Mafoboue.
面頁冊數:
1 online resource (160 pages)
附註:
Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
標題:
Economic theory. -
電子資源:
click for full text (PQDT)
ISBN:
9780355079067
Three Essays in International and Development Economics.
Youbi, Marilyne Florence Mafoboue.
Three Essays in International and Development Economics.
- 1 online resource (160 pages)
Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
Thesis (Ph.D.)--Howard University, 2017.
Includes bibliographical references
This dissertation consists of three distinct chapters related to international and development economics.
Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018
Mode of access: World Wide Web
ISBN: 9780355079067Subjects--Topical Terms:
809881
Economic theory.
Index Terms--Genre/Form:
554714
Electronic books.
Three Essays in International and Development Economics.
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Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
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Adviser: Deniz Baglan.
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Chapter 1: The purpose of Chapter 1 is to investigate, using U.S. state-level panel data over the period 1946 to 2004 and a semiparametric smooth coefficient model, how the effect of income inequality on growth differs as the level of economic development changes. Previous studies investigating the non-linear relationship between inequality and economic growth have identified thresholds at which the impact of inequality on growth differs across development regimes. However, a piecewise linear model could be too restrictive, as it imposes a linear regression model beyond a certain threshold. Furthermore, the selection of the threshold value can be subject to criticism. This study goes further than previous studies by looking beyond development regimes and allowing the effect of inequality on growth to change for all values of development, thus estimating the effect of inequality at all values of economic development. To this end, a varying coefficient panel data model with fixed effects, where the coefficient associated with inequality varies according to the level of income, was implemented. Empirical evidence from the semi-parametric model confirmed that the effect of inequality on economic growth varies with the level of economic development. More specifically, inequality has a negative effect on economic growth at lower levels of development, but the magnitude of this effect decreases along the development process eventually becoming positive at higher levels of development. Another important point that emerges is that the selection of the inequality measure is relevant since the magnitude of the effect of inequality on growth, for the same level of development, could be quite different depending on the definition of inequality being applied.
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Chapter 2: The African Growth and Opportunity Act (AGOA), a non-reciprocal preferential trade agreement between the United States (U.S.) and Sub-Saharan African (SSA) countries enacted in 2000, aims to expand the trade and investment relationship between the U.S. and SSA countries. The main research question evaluated in Chapter 2 is whether the removal of certain trade barriers (tariffs) through AGOA has contributed to the increase in the overall level of non-oil exports from SSA eligible countries to the U.S. Using the gravity model of trade and panel data over the period 1990-2014, the present study, first, estimates the impact of AGOA on the level of non-oil exports for the full sample, and then it disaggregates the data by region and the top and bottom ten trading partners to determine whether this impact changes for different sub-regions or certain trading partners. The gravity model is estimated using fixed effects, random effects, and Hausman-Taylor models. Estimation results suggest that AGOA eligibility did not contribute to an increase in exports except in the Southern region of SSA. This indicates that the act may have benefitted countries in some regions significantly more than countries in others. A final regression was estimated on the top and bottom ten exporters, with the results showing that, even for those groups of exporters, the impact was not statistically significant. Overall, except for the Southern African region, AGOA does not appear to have contributed to an increase in exports to the U.S., at least when examining non-oil exports.
520
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Chapter 3: The purpose of the final chapter is to examine the causal link between foreign direct investment (FDI) and economic growth in Cameroon, Gabon, and Mozambique. Existing literature has shown that FDI can play an important role in the growth and development of a country. However, the existence of a relationship between FDI and growth does not prove either causality or direction of influence. This study included three distinct country-specific analyses using time series data over the period 1983-2013 and the Toda-Yamamoto causality test. The results indicated that, in the case of Cameroon, there is causality that runs from FDI to economic growth but not from economic growth to FDI. In the case of Gabon and Mozambique, there was no evidence found of causality between FDI and GDP growth in either direction. This may be due, in part, to the fact that FDI is concentrated in extractive industries in those countries. Thus, policymakers should implement policies that attract FDI in sectors other than the extractive industries, including agriculture, manufacturing, and technology.
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click for full text (PQDT)
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