When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…
The finite nature of certain fossil fuels, which are essential inputs in production, imposes a substantial constraint on the economy's long-term growth potential. This paper develops an endogenous directed technical change model under uncertainty…
AbstractThis study examines the impact of exports, imports, and trade openness on Namibia’s economic growth using the ARDL cointegration method. The results reveal a significant negative relationship between imports and economic growth, while…
The growing importance of trade in services in the international economy motivates the study of different factors that may influence the development of this sector. This paper seeks to contribute to the scarce research on access to financing for the…
We examine the financial risk management of the climate crisis from three perspectives. First, we assess the serious risks from climate change. The ecological and financial consequences of climate change depend on the future path of emissions, as…