prioritize human capital accumulation and reduce barriers to trade. Other policy areas include improving quality of institutions … and developing the financial sector. For commodity exporters reducing barriers to trade is the most important driver of …

This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are … largely importable or the labor supply is sufficiently elastic, then natural-resource booms increase aggregate investment and … during 1965-89. Favorable terms-of-trade shocks increase investment and (especially government) consumption, but reduce …

-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model …. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply …

negative credit supply shock applied to SMEs has an adverse effect on economic activity, and this impact is amplified in …

This paper proposes an easy-to-follow approach to track merchandise trade using vessel data and applies it to Pacific … island countries. Pacific islands rely heavily on imports and maritime transport for trade. They are also highly vulnerable … to climate change and natural disasters that pose risks to ports and supply chains. Using satellite-based vessel tracking …

decouple via 'preferential attachment' - id est by aligning themselves with the hub they trade most with. All global technology … straddle multiple hubs generally lose, whereas those whose trade is heavily concentrated with one hub may gain due to reduced …

This paper surveys the literature on the relationship between international trade and inclusive growth. It examines … claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition …, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting …

This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the … conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global … employment prospects in response to trade shocks. Finally, we find that firms experiencing greater import competition start with …