KILIÇ, Cüneyt and BALAN, Feyza and KURT, Ünzüle (2015) An Empirical Investigation of Factors Affecting the Trade Balance of G-20 Countries. International Journal of Economic Perspectives, 9 (2). pp. 49-56.
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Abstract
During the last twenty years, economic literature has drawn attention to an encouraging role of efficient institutional implements on economic growth. Also, the world oil prices and real exchange rates inevitably are several important variables affecting many macroeconomic parameters of both developed and developing nations on their process of economic growth/development. This paper investigates the effects of institutional quality and of the world oil prices and real effective exchange rates on the trade balance in G-20 countries over the period 1996-2012. Using a static panel data approach, the results of this study demonstrate that the world oil prices, real effective exchange rates and institutional quality are crucial factors on trade balance for G-20 countries. This study also considers the effect of the 2008 Global Economic Crisis and confirms the negative effect of the 2008 crisis on trade balance for G-20 countries.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Panel Data Analysis; Institutions; Trade Deficit; Real Effective Exchange Rates; Oil Prices |
| Subjects: | Q Science > Q Science (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Education |
| Depositing User: | Mrs Hannah Akinwumi |
| Date Deposited: | 18 Sep 2017 09:57 |
| Last Modified: | 18 Sep 2017 09:57 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/9324 |
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