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Do countries with lower policy-induced barriers to international trade grow faster, once other relevant country characteristics are controlled for? There exists a large empirical literature providing an affirmative answer to this question. We argue that methodological problems with the empirical...
Persistent link: https://www.econbiz.de/10013229058
differ across countries and issue areas. Case studies of export subsidization in Korea, Brazil, Turkey, India, Kenya, and …
Persistent link: https://www.econbiz.de/10013222055
Despite the well-known gains from trade, trade liberalization is politically one of the most contentious actions that a government can take. We propose and formalize a new argument, having to do with uncertainty, which is complementary to the usual explanations for why that is the case; many...
Persistent link: https://www.econbiz.de/10013224337
OECD growth rate of 2% we find that trade integration with low-wage countries in the decade around China's WTO accession ….7%. China accounts for about half of these growth increases …
Persistent link: https://www.econbiz.de/10013057413
Today's labor-scarce economies have open trade and closed immigration policies, while a century ago they had just the opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost two centuries? This paper seeks answers to this dual...
Persistent link: https://www.econbiz.de/10013225054
formally and adduce some empirical support for it. We construct an index of the "income level of a country's exports," document …
Persistent link: https://www.econbiz.de/10013219717
Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …
Persistent link: https://www.econbiz.de/10013225933
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … export market growth or transportation cost declines, it shows how the oft-quoted Sachs-Warner result might be turned on its …
Persistent link: https://www.econbiz.de/10013249135
Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflow, currency crashes, or severe recessions. Some believe that openness raises vulnerability to foreign shocks, while others believe that it makes adjustment to crises...
Persistent link: https://www.econbiz.de/10013311905
We estimate the interrelationships among economic institutions, political institutions, openness, and income levels, using identification through heteroskedasticity (IH). We split our cross-national dataset into two sub-samples: (i) colonies versus non-colonies; and (ii) continents aligned on an...
Persistent link: https://www.econbiz.de/10013227787