and land area which plays a dominant role in trade within the region and in the regional governance. The regional power …

the terms of trade and the real exchange rate were not found to have significant effects on either investment or growth. … deterioration in the terms of trade associated with falls in the relative price of primary products, and the adverse impact of … excessive export price volatility on investment incentives. In this paper the impact of external disturbances on investment and …

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …

case.Stochastic volatility generates a stochastic investment opportunity set and thus in-duces a hedging demand, which has …