ominous messages for using equitable growth in fighting poverty. Rapid growing developing economies need to adopt appropriate …High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and … level to construct an instrument for multilateral openness that varies across countries and time. The instrument can be used …’ performances as well as for the direct effect of disasters. We find that the elasticity of income with respect to openness is about …

monetary model are not fully robust to data frequency and alternative estimation periods, either. Nevertheless, adding openness …

countries from 1983 to 2006, we analyze the role of economic and financial openness as well as tax competition while allowing … for dynamic adjustment to shocks and period-specific as well as country-specific effects. While openness does not seem to …

In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments … we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the … with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa. …

Growth theory predicts that natural disasters should, on impact, lower GDP per capita. However, the empirical … effect of disasters on growth. The worst 5% disaster years come with a growth damage of at least 0.45 percentage points. That … affected by geophysical disasters; rich more by meteorological events. International openness and democratic institutions …

This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in …

up with two rationales that help to understand why countries nevertheless consider protectionism to be a good response to … degree of openness and loss aversion of consumers. …