In the paper we construct two novel indices of relative centrality – peripheriality in order to test whether location has an impact on medium and long-run growth rates of the European Union Member States. We utilize two popular econometric approaches – standard cross-sectional growth...

We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions 'trumps' everything else. Once institutions are...

This Paper documents that the rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...

Wraz z globalizacja gospodarki swiatowej stopien wzajemnego otwarcia gospodarek wzrasta, co oznacza, ¿e wzrost gospodarczy staje sie coraz w wiekszym stopniu uzale¿niony od wzajemnych zale¿nosci miedzy gospodarkami. Pomimo dominacji popularnego pogladu o korzystnym wplywie otwartosci...

Emerging world countries have experienced over the last two decades a significant change in their trade patterns. Bold trade reforms have been followed by rapid rises in international trade levels. However, despite these radical changes, we know remarkably little about how changes in trade...