Elasticity approach to balance of payments postulates that a country can enjoy an improvement in its trade balance in the long run if sum of import and export demand price elasticities exceed unity, a condition known as the Marshall-Lerner condition…. Read morePrice and income elasticities: evidence from commodity trade between the U.S. and Egypt
Several trends currently affect global energy markets, as reported in the annual surveys of international organisations such as the World Energy Outlook of the International Energy Agency and recent studies published by large energy companies such as the BP, Shell… Read moreEnergy markets in Europe and Asia
This paper examines the on-going high level of dependency of China’s economy on foreign sources of technology during the period since accession to the World Trade Organisation (WTO). Because this dependency is a major cause of concern for China’s leaders… Read moreImplications of China’s on-going dependence on foreign technology