Showing 1 - 10 of 963
have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … trade with the rest of the world, not the American colonies, that allowed Britain to export its rapidly expanding textile … output and achieve growth through extreme specialization in response to shifting comparative advantage. …
Persistent link: https://www.econbiz.de/10005497925
barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If …According to the Washington Consensus, developing countries’ growth would benefit from a reduction in tariffs and other …" (Easterly 2005, Rodrik 2006). However, the empirical basis for judging recent trade reforms is weak. Econometrics are mostly ad …
Persistent link: https://www.econbiz.de/10005666812
Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the ‘Balassa-Samuelson’ effect. But looking back 50 years, or more, this effect virtually disappears from the data. What is...
Persistent link: https://www.econbiz.de/10005666451
Many papers have explored the relationship between average tariff rates and economic growth, when theory suggests that … the structure of protection is what should matter. We therefore explore the relationship between economic growth and … 1913. Industrial tariffs were positively correlated with growth. Agricultural tariffs were negatively correlated with …
Persistent link: https://www.econbiz.de/10005791289
towards investment in education and growth in output per capita, a significant portion of the gains from trade in non …This research argues that the rapid expansion of international trade in the second phase of the industrial revolution … countries in the last two centuries. The analysis suggests that international trade had an asymmetrical effect on the evolution …
Persistent link: https://www.econbiz.de/10005124051
sustained differences in population growth and income levels across countries. In industrial economies international trade …This research argues that international trade has played a significant role in the timing of demographic transitions … enhanced the specialization in the production of skilled-intensive goods and stimulated technological progress. The rise in the …
Persistent link: https://www.econbiz.de/10005136437
gains from trade have been directed towards investment in education and growth in income per capita, whereas a significant …This research argues that the differential effect of international trade on the demand for human capital across … portion of these gains in less developed economies have been channelled towards population growth. Cross-country regressions …
Persistent link: https://www.econbiz.de/10005114289
How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two decades? A long-run perspective may be important for understanding the process of economic development occurring today. This Paper compares the integration of rice markets in...
Persistent link: https://www.econbiz.de/10005136759
This paper suggests that inequality in the distribution of land ownership adversely affected the emergence of human capital promoting institutions (e.g., public schooling) and thus the pace and the nature of the transition from an agricultural to an industrial economy, contributing to the...
Persistent link: https://www.econbiz.de/10005124357
colonization mattered for growth. The following had some beneficial growth effects: being a dependency rather than a colony; being …, growth accelerates after independence. Variables proxying for colonial heritage add explanatory power to standard growth …
Persistent link: https://www.econbiz.de/10005791768