negatively by trade, while the Gini statistic is fueled by the falling labour share and increasing financial payments. Using …

for adverse effects of regulatory heterogeneity on intra-EU trade in the pre-harmonization period, which questions the …

of trade flows in environmental goods (EG) on total CO2 and SO2 emissions. Our system-GMM estimations reveal positive … recurrently found to face increased pollution (in particular CO2 emissions) due to direct scale-composition effects of trade in …-induced effects. We show that the direct, indirect and total effects of trade in EGs depend on the country’s net trade status, the EGs …

the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, the paper shows how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden … trade increases the likelihood of default. A sudden stop takes place when the borrowers reject the amount that lenders want …

Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in … problem that trade is endogenous. Using the gravity instrument for trade openness, which is constructed from geographical … determinants of bilateral trade, this paper finds that openness indeed makes countries less vulnerable, both to severe sudden stops …

We analyze the United Nations commodities trade database (UN comtrade), comprised of international commodities … exchanges in volume and price with monthly resolution. We introduce a trade impact index to quantify the impact, in terms of …