This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … growth. Openness in terms of final consumer goods turns out to be insignificant in most specifications. We also estimate … traditional cross country growth regressions where we use trade data to construct the two trade openness indices for 174 countries …

This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to …, respectively. We show how skill-biased growth leads to an expansion of the individualistic and communitarian groups, at the expense …

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 …

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 …

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. …

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 …