Showing 1 - 10 of 530
asymmetrically. The gains from trade were channeled towards population growth in non-industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … that even if trade equalizes output growth of the trading countries, (due to the terms of trade effect), income per capita …
Persistent link: https://www.econbiz.de/10010318876
towards investment in education and growth in output per capita, a significant portion of the gains from trade in non …This research argues that the rapid expansion of international trade in the second phase of the industrial revolution … countries in the last two centuries. The analysis suggests that international trade had an asymmetrical effect on the evolution …
Persistent link: https://www.econbiz.de/10010318893
gains from trade have been directed towards investment in education and growth in income per capita, whereas a significant …This research argues that the differential effect of international trade on the demand for human capital across … portion of these gains in less developed economies have been channeled towards population growth. Cross-country regressions …
Persistent link: https://www.econbiz.de/10010284056
an updated Balassa-Samuelson model inspired by recent developments in trade theory, where a continuum of goods are …
Persistent link: https://www.econbiz.de/10010266405
consumption were channeled primarily into population growth. In particular, societies naturally blessed by higher land …
Persistent link: https://www.econbiz.de/10010284057
This paper analyzes the long-run relationship between output collapses-defined defined as GDP falling substantially below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period 1960-2003 to identify episodes of output collapse and...
Persistent link: https://www.econbiz.de/10010278252
role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …
Persistent link: https://www.econbiz.de/10011797482
This paper argues that the empirical trade-growth relationship should be modelled using a dynamic panel data approach … than previous results. They confirm the existence of a strong causal effect of trade on growth but fail to find evidence … for trade as an independent factor of divergence. Hence, one cannot blame trade as such for the disappointing performance …
Persistent link: https://www.econbiz.de/10010294545
economic activity, especially international trade. Yet nothing is known empirically about these effects in large samples. We … study the effects of war on bilateral trade for almost all countries with available data extending back to 1870. Using the … gravity model, we estimate the contemporaneous and lagged effects of wars on the trade of belligerent nations and neutrals …
Persistent link: https://www.econbiz.de/10010266399
suggests, similar to Japan's depression, subdued growth in Euroland for most of the time since the Maastricht Treaty has been … external growth stimuli. …
Persistent link: https://www.econbiz.de/10010266439