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an improved current account). France%u2019s decision to suspend the free coinage of silver in 1876 played a paramount … that France%u2019s decision to end bimetallism was exogenous from the viewpoint of countries on the silver standard. To … going to embrace international capital flows, the most export oriented countries will manage to mitigate the negative …
Persistent link: https://www.econbiz.de/10012761340
We examine the sales of French manufacturing firms in 113 destinations, including France itself. Several regularities … participation; (3) average sales in France rise very systematically with selling to less popular markets and to more markets. We …
Persistent link: https://www.econbiz.de/10012765557
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10013218517
globalization in France has been a huge growth in vertical specialization -- the completion of the different production stages of a … that in France vertical specialization -- defined as the share of imported inputs in production -- rose from 9% in 1977 to …
Persistent link: https://www.econbiz.de/10013218888
We use a historical quasi-experiment to estimate the causal effect of trade on capital flows. We argue that …, France, and the U.K., during the period of 1859–1913. The identification is based on the following historical facts: First … exported to Germany, France, and the U.K. by the Empire. Using the export-bundle-weighted regional rainfall as an instrument …
Persistent link: https://www.econbiz.de/10013231603
How does a country's productivity growth a¤ect worldwide real incomes through international trade? In this paper, we take this classic question to the data by measuring the spillover e¤ects of China's productivity growth. Our framework features traditional terms-of-trade e¤ects and new trade...
Persistent link: https://www.econbiz.de/10013130268
In this paper I use a cross country data set to analyze the relationship between trade orientation, trade distortions and growth. I first develop a simple endogenous growth model that emphasizes the process of technological absorption in small developing countries. According to this model...
Persistent link: https://www.econbiz.de/10013138665
This paper focuses on the contribution to recent narrowing of the gap between Northern and Southern economies in GDP/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three currently largest rapidly growing Southern...
Persistent link: https://www.econbiz.de/10013113158
elimination of capital controls after 1973. The findings are robust to the use of 'deep' fundamentals such as legal origin and …
Persistent link: https://www.econbiz.de/10013125572
Measures of real consumption based upon the ownership of durable goods, the quality of housing, the health and mortality of children, the education of youth and the allocation of female time in the household indicate that sub-Saharan living standards have, for the past two decades, been growing...
Persistent link: https://www.econbiz.de/10013098811