(Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration … institutions are needed to keep entrepreneurs in check. A gradual take-off to perpetual growth is explained by a feedback effect … stagnation differs from balanced growth by the presence of relatively many small firms of low productivity. …

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth …

future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve …

This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization … conclusion is supported by the results of country-specific growth regressions and of a counterfactual "free trade experiment" via … analysis of the country trade patterns during the USSR period and the years since independence revealed that unlike its close …

This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of … cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 … countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the …

How much does a nation spend on resources to 'grease the wheels of trade'? To examine this question the Dutch economy … seventeenth century from successes in long distance trade, shipping and financial innovations. Despite its historical background … remain important, suggesting that face-to-face trade remains an important element of modern transactions. In contrast to the …

We empirically investigate the responsiveness of international trade to the stringency of environmental regulation … equilibrium model of trade and pollution nesting the pollution haven motive for trade with the factor endowment motive. We analyze … show that trade patterns in ‘dirty’ commodities are jointly determined by relative factor endowments and environmental …

-005-2933-4">'De Economist'</A>, 2005, 153(2), 139-165.<P> How much does a nation spend on resources to 'grease the wheels of trade … traders. This image was derived in the seventeenth century from successes in long distance trade, shipping and financial … in enhancing transactions cities or agglomerations remain important, suggesting that face-to-face trade remains an …

We empirically investigate the responsiveness of international trade to the stringency of environmental regulation … equilibrium model of trade and pollution nesting the pollution haven motive for trade with the factor endowment motive. We analyze … show that trade patterns in ‘dirty’ commodities are jointly determined by relative factor endowments and environmental …

This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of … cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 … countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the …