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Trade, FDI and Industrial Transformation in India
Trade, FDI and Industrial Transformation in India

... GMM methods using panel data of 27 industries for 25 years. We augment the labour demand equation with import penetration and export orientation variables. We would expect that trade should lead to employment reduction via increases in labour productivity. We do not find any support for this hypothe ...
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Midterm 2 Answer Key
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... • Flexible exchange rate – Fiscal expansion → shifts IS out → rH > rF → capital inflow → e.r. appreciates → net exports  → IS shifts back → output unchanged ...
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Balance of trade



The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of exports and imports of output in an economy over a certain period, measured in the currency of that economy. It is the relationship between a nation's imports and exports. A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance.
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