April 2020
Estimating the Marshall-Lerner condition of China
The US labeled China a Currency Manipulator in August 2019 because of the massive trade balance surplus of China. The correlation between RMB’s exchange rate and China’s trade balance has been discussed worldwide. The Traditional Marshal-Lerner Condition states if the sum of the absolute value of export and import price elasticity of demand is more than 1, the trade balance will be adjusted through the...
April 2020
Unconditional convergence of Chinese provinces (1952-2017): Some statistical analysis results
This research tests the economic convergence hypothesis of 31 inland Chinese provinces over the period from 1952 to 2017. Regression and descriptive analysis methods are adopted to study the economic convergence among these Chinese provinces in terms of GDP growth and per-capita GDP growth. The research results show that GDP growth does not exhibit a tendency of convergence, rejecting the absolute convergence hypothesis...
April 2020
Impact of foreign direct investment and inflation on economic growth of five randomly selected Countries in Africa
Foreign Direct Investment (FDI) has been viewed as a major source of finance for developing countries and it has gained significant momentum since the sweep of globalization in the early 1990. This is because most of the developing countries see FDI as important in their strategy for growth. In this study, the impact of FDI and inflation on economic growth was examined. Five countries in Africa were selected randomly...
April 2020
The determinants of credit demand among farmers in Hurungwe District of Mashonal and West Province in Zimbabwe
Bank credit availability in the agricultural sector empowers farmers to adopt modern technologies and inputs that are vital for breaking poverty in developing economies like Zimbabwe. This study sought to establish the determinants of credit demand among farmers in Hurungwe District of Mashonaland West Province in Zimbabwe. A questionnaire survey was conducted on a sample of 354 farmers selected by stratified random...
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