Abstract: The aim of this paper is to examine the relationship among CO2 per capita emissions, energy consumption, economic growth and bilateral trade between Singapore and Malaysia for the 1970-2011 period. ARDL model and Granger causality tests are employed for the analysis. Results of bound F-statistics suggest that long-run relationship exists between CO2 per capita (PCO2) and its determinants. The EKC hypothesis is not supported in Malaysia. Carbon emissions are mainly determined by energy consumption in the short and long run. While, exports to Singapore is a significant variable in explaining PCO2 emissions in Malaysia in long-run. Furthermore, we find a unidirectional causal relationship running from economic growth to PCO2 emissions.
Abstract: In the context of introduction of deregulatory policy measures and subsequent wave of mergers and acquisitions (M&A) in Indian corporate sector since 1991, the present paper attempts to examine the welfare implications of this wave. It is found that M&A do not have any significant impact on consumers- welfare. Instead, consumers- welfare is significantly influenced by exports intensity, imports intensity, advertising intensity, technology related efforts, and past profitability of the firms. While the industries with higher exports orientation or greater product differentiation or better financial performance experience greater loss in consumers- welfare, it is less in the industries with greater competition from imports or better technology. Hence, the wave of M&A in Indian manufacturing sector in the post-liberalization era may not be a matter of serious concern from consumers- welfare point of view. Instead, in many cases, M&A can help the firms in consolidating their business and enhancing competitiveness, and this may benefit the consumers in the form of greater efficiency and lower prices.
Abstract: This research tries to analyze the role that knowledge
about foreign markets has in increasing firms- exports in clustered
spaces. We consider two interrelated sources of knowledge: firms-
direct experience and indirect experience from other clustered firms –
export externalities. In particular, it is proposed that firms would
improve their export performance by accessing to export externalities
if they have some previous direct experience that allows them to
identify, understand and exploit them. Also, we propose that this
positive influence of previous direct experience on export
externalities keeps only up to a point, where it becomes negative,
creating an inverted “U" shape. Empirical evidence gathered among
wine producers located in La Rioja tends to confirm that firms enjoy
of export externalities if they have export experience along several
years and countries increase their export performance. While this
relationship becomes less relevant as they develop a higher
experience, we could not confirm the existence of a curvilinear
relationship in their influence on export externalities and export
performance.
Abstract: This study empirically examines the long run equilibrium relationship between South Africa’s exports and imports using quarterly data from 1985 to 2012. The theoretical framework used for the study is based on Johansen’s Maximum Likelihood cointegration technique which tests for both the existence and number of cointegration vectors that exists. The study finds that both the series are integrated of order one and are cointegrated. A statistically significant cointegrating relationship is found to exist between exports and imports. The study models this unique linear and lagged relationship using a Vector Error Correction Model (VECM). The findings of the study confirm the existence of a long run equilibrium relationship between exports and imports.
Abstract: The Chichiawan stream in the Wulin catchment in
Taiwan is the natural habitat of Formosan landlocked salmon. Human
and agriculture activities gradually worsen water quality and impact
the fish habitat negatively. To protect and manage Formosan
landlocked salmon habitat, it is important to understand a variety
land-uses affect on the watershed responses to storms. This study
discusses watershed responses to the dry-day before a storm event and
a variety of land-uses in the Wulin catchment. Under the land-use
planning in the Wulin catchment, the peak flows during typhoon
events do not have noticeable difference. However, the nutrient
exports can be highly reduced under the strategies of restraining
agriculture activities. Due to the higher affinity of P for soil than that
of N, the exports of TN from overall Wuling catchment were much
greater than Ortho-P. Agriculture mainly centralized in subbasin A,
which is the important source of nutrients in nonpoint source discharge.
The subbasin A supplied about 26% of the TN and 32% of the Ortho-P
discharge in 2004, despite the fact it only covers 19% area of the
Wuling catchment. The subbasin analysis displayed that the
agricultural subbasin A exports higher nutrients per unit area than
other forest subbasins. Additionally, the agricultural subbasin A
contributed a higher percentage to total Ortho-P exports compares to
TN. The results of subbasin analysis might imply the transport of
Ortho-P was similar to the particulate matter which was mainly
influenced by the runoff and affected by the desorption from soil
particles while the TN (dominated as nitrate-N) was mainly influenced
by base-flow.
Abstract: The objective of this study is to examine the validity of Wagner-s law and relationship between economic growth, population and export for Pakistan. The ARDL Bounds cointegration and ECM are utilized for long and short run equilibrium for the period of 1972-2007. Population has considerable role in an economy and exports are the main source to raise the GDP. With the increase in GDP, the government expenditures may or may not increase. The empirical results indicate that the Wagner-s Law does hold, as economic growth is significantly and positively correlated with government expenditures. However, population and exports have also significant and positive impact on government expenditures both in short and long run. The significant and negative coefficient of error correction term in ECM indicates that after a shock, the long rum equilibrium will again converge towards equilibrium about 70.82 percent within a year.