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Instructions:
Whenever appropriate, use graphs and equations to support your answer, and make sure you label all graphs clearly. Always show your steps so that partial credits can be awarded. It is important for you to outline your arguments and explain your answers thoroughly.
You have to submit typed responses. Include images of algebra/formulae or graphs.
Where relevant, questions include word limits. These are limits, not targets. Excellent answers can be shorter than the word limit. If you go beyond the word limit the additional text will be ignored. Where a question includes a word limit you HAVE to include a word count for your answer (excluding formulae). You could use https://wordcounter.net to obtain word counts.
If you wish, and it is not a requirement, you can support your answers with journal articles and reports either covered or not covered in class. Make sure to include a reference section if you choose to include other papers in your answer. The reference section will not count towards the word limit.
You will work in the assigned group. Each group only has to write up one piece of work. Make sure you put only your student IDs (no names), your group name/number on the front page.
EACH member MUST submit your assignment to Turnitin by the deadline, otherwise a standard late penalty will be applied by the UG office and marks will be deducted accordingly.

A NO TOLERANCE TOWARDS PLAGIARISM WILL BE APPLICABLE. IF FOUND GUILTY WILL LEAD TO EXPULSION.

This question is related to the findings in the following paper:
Manova, Kalina. (2008) “Credit constraints, equity market liberalizations and international trade.” Journal of International Economics, 76(1): 33-47.
You can access the attached “ARTICLE” Manova (2008) studies empirically in her paper whether credit constraints (facing producers) are an important determinant of international trade. Her empirical strategy uses measures on an industry’s dependence on external finance, and see if these capital-dependent sectors have a higher exports in countries where their equity market is liberalised.
Unless otherwise noted, all assumptions of the standard Heckscher-Ohlin model apply. If you prefer to give more context, you can make and state assumptions on the structure of the economy (e.g. goods and factors) in your answers, as long as it is consistent with the model assumptions.

(a) Manova (2008) also controlled for other variables in her estimation equation in Table 3, namely, interaction terms of country’s relative endowment in capital, human capital, and natural resources, with the respective factor intensities for each industry. Are these findings consistent with the Heckscher-Ohlin Model? Why or why not?(max. 400 words; 8 points)
(b) Suppose that a country proposes to reform its financial sector in order to reduce the cost of capital. Following the results in Manova (2008), who do we expect to benefit or lose from this sector reform? Defend your answers thoroughly.(max. 1000 words; 17 points)

Sample Answer

Compelling correspondence is essential to the achievement all things considered but since of the changing idea of the present working environments, successful correspondence turns out to be more troublesome, and because of the numerous impediments that will permit beneficiaries to acknowledge the plan of the sender It is restricted. Misguided judgments.In spite of the fact that correspondence inside the association is rarely completely open, numerous straightforward arrangements can be executed to advance the effect of these hindrances.

Concerning specific contextual analysis, two significant correspondence standards, correspondence channel determination and commotion are self-evident. This course presents the standards of correspondence, the act of general correspondence, and different speculations to all the more likely comprehend the correspondence exchanges experienced in regular daily existence. The standards and practices that you learn in this course give the premise to additionally learning and correspondence.

This course starts with an outline of the correspondence cycle, the method of reasoning and hypothesis. In resulting modules of the course, we will look at explicit use of relational connections in close to home and expert life. These incorporate relational correspondence, bunch correspondence and dynamic, authoritative correspondence in the work environment or relational correspondence. Rule of Business Communication In request to make correspondence viable, it is important to follow a few rules and standards. Seven of them are fundamental and applicable, and these are clear, finished, brief, obliging, right, thought to be, concrete. These standards are frequently called 7C for business correspondence. The subtleties of these correspondence standards are examined underneath: Politeness Principle: When conveying, we should build up a cordial relationship with every individual who sends data to us.

To be inviting and polite is indistinguishable, and politeness requires an insightful and amicable activity against others. Axioms are notable that gracious “pay of graciousness is the main thing to win everything”. Correspondence staff ought to consistently remember this. The accompanying standards may assist with improving courtesy:Preliminary considering correspondence with family All glad families have the mystery of progress. This achievement originates from a strong establishment of closeness and closeness. Indeed, through private correspondence these cozy family connections become all the more intently. Correspondence is the foundation of different affiliations, building solid partners of obedient devotion, improving family way of life, and assisting with accomplishing satisfaction (Gosche, p. 1). In any case, so as to keep up an amicable relationship, a few families experienced tumultuous encounters. Correspondence in the family is an intricate and alluring marvel. Correspondence between families isn’t restricted to single messages between families or verbal correspondence.

It is a unique cycle that oversees force, closeness and limits, cohesiveness and flexibility of route frameworks, and makes pictures, topics, stories, ceremonies, rules, jobs, making implications, making a feeling of family life An intelligent cycle that makes a model. This model has passed ages. Notwithstanding the view as a family and family automatic framework, one of the greatest exploration establishments in between family correspondence centers around a family correspondence model. Family correspondence model (FCP) hypothesis clarifies why families impart in their own specific manner dependent on one another ‘s psychological direction. Early FCP research established in media research is keen on how families handle broad communications data. Family correspondence was perceived as an exceptional scholastic exploration field by the National Communications Association in 1989. Family correspondence researchers were at first impacted by family research, social brain science, and relational hypothesis, before long built up the hypothesis and began research in a family framework zeroed in on a significant job. Until 2001, the primary issue of the Family Communication Research Journal, Family Communication Magazine, was given. Family correspondence is more than the field of correspondence analysts in the family. Examination on family correspondence is normally done by individuals in brain science, humanism, and family research, to give some examples models. However, as the popular family correspondence researcher Leslie Baxter stated, it is the focal point of this intelligent semantic creation measure making the grant of family correspondence special. In the field of in-home correspondence, correspondence is normally not founded on autonomous messages from one sender to one beneficiary, yet dependent on the dynamic interdependency of data shared among families It is conceptualized. The focal point of this methodology is on the shared trait of semantic development inside family frameworks. As such, producing doesn’t happen in vacuum, however it happens in a wide scope of ages and social exchange.

Standards are rules end up being followed when performing work to agree to a given objective. Hierarchical achievement relies significantly upon compelling correspondence. So as to successfully impart, it is important to follow a few standards and rules. Coming up next are rules to guarantee powerful correspondence: clearness: lucidity of data is a significant guideline of correspondence. For beneficiaries to know the message plainly, the messages ought to be sorted out in a basic language. To guarantee that beneficiaries can without much of a stretch comprehend the importance of the message, the sender needs to impart unmistakably and unhesitatingly so the beneficiary can plainly and unquestionably comprehend the data.>

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