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This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...
Persistent link: https://www.econbiz.de/10012468449
This paper investigates the determinants of countries' export performance looking in particular at the role of international product market linkages. We begin with a novel decomposition of the growth in countries' exports into the contribution from increases in external demand and from improved...
Persistent link: https://www.econbiz.de/10012469061
recently available World Input-Output Database (WIOD) to study the properties of the new measures of the REER for 40 countries …
Persistent link: https://www.econbiz.de/10012458430
The gravity equation in international trade is one of the most robust empirical finding in economics: bilateral trade between two countries is proportional to size, measured by GDP, and inversely proportional to the geographic distance between them. While the role of size is well understood, the...
Persistent link: https://www.econbiz.de/10012459376
What determines the choice of countries' trade partners? We show theoretically and empirically that financial market imperfections affect the number and identity of exporters' destinations. Bigger economies with lower trade costs are more attractive markets because they offer higher export...
Persistent link: https://www.econbiz.de/10012459794
During the global financial crisis 2007-2009 fiscal policy was widely used as a stabilization tool. Policymakers allowed a large build-up of public debt resulting from both automatic and discretionary expansionary measures. At the same time, calls for policy coordination stressed that...
Persistent link: https://www.econbiz.de/10012460949
which, as in Linder's theory, product quality plays the central role. A formal derivation of the Linder hypothesis is … support for Linder's theory …
Persistent link: https://www.econbiz.de/10012465948
We consider a 3 country world in which each country's import market is served by competing exporters from its 2 trading …
Persistent link: https://www.econbiz.de/10012472903
The 1920s marked the end of a century of mass migration from Europe to the New World. This paper examines analytically … overseas emigration from Europe chiefly from the mid 19th century to World War I. The second discussions the effects of these …, and second as they interacted with the evolution of world commodity and capital markets. The paper argues that the …
Persistent link: https://www.econbiz.de/10012474814
We exploit the recent declassification of CIA documents and examine whether there is evidence of US power being used to influence countries' decisions regarding international trade. We measure US influence using a newly constructed annual panel of CIA interventions aimed at installing and...
Persistent link: https://www.econbiz.de/10012462672