Recent findings in the finance and consumer behaviour literature have shown that investorsÕ investment decisions are likely to be affected by their psychological tendencies. The focus of this paper is to understand how investorsÕ psychological tendencies influence purchase postponement of...

The potential impacts of investing in drought tolerant maize (DTM) in 13 countries of eastern, southern and western Africa were analyzed through an innovative economic surplus analysis framework, to identify where greatest economic returns and poverty reduction may be achieved. Assuming a...

This paper analyses the contribution to and engagement in global supply chains of Asian emerging economies by measuring several globalisation indicators based on the harmonised input-output and bilateral trade databases developed by the OECD. It focuses on major structural changes in the Asian...

This paper studies the trade of China in the past 150 years, starting from the first opening of China after the Opium War. The main purpose of the paper is to identify what is (and was) China's 'normal' level of foreign trade, and how these levels changed under different trade regimes, from 1840...

We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...

Transitioning from the post-2008 financial meltdown to a sustained period of global growth and prosperity involves a major challenge: how to ensure the effective management of international economic interdependence. Trade, growth, good governance and sustainable development constitute essential...

For Africa, a regional customs union is unlikely to realise net welfare gains (in the sense of trade creation dominating trade diversion) which cannot be attained through unilateral trade liberalization. Unilateral reform has often failed in Africa, however. A regional customs union tied to...