We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is … inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form … beliefs on the average propensity to trade of the other group. Since confict disrupts trade, the onset of a conflict signals …

trades, and convincing explanations of the persistence of the Indo-Central Asian trade (for example) despite the growing Indo …-European trade from the seventeenth-century. The customs-union model usefully approximates this trading-situation (i.e. the Europeans … the possibility for trade-creation (i.e. due to substitution between otherwise regionally-specialised production …

per capita incomes across economies and the spatial advance of free trade. For many economists and historians the two are … linked: the reduction of trade barriers in the post-war world ushered in a new era of globalisation and that globalisation in … then it would represent one of the most important transitions of the twentieth century. Free trade was championed by the …

percent. 2 And the growth of world trade during thisperiod far exceeded the expansion of world output. Growth rates of …

technology adoption and trade in a world of two countriesfacing different technology adoption costs. It shows that a reduction in …

The empirical relationship between trade protection and economic growth is surprisinglyfragile, as shown in a number of … between trade barriers and growth is contingent on measures ofcomparative advantage. The findings suggest that these …

This paper analyses trade specialisation dynamics in two Eastern European countries(Romania and Bulgaria – EEC-2) vis …

This paper presents a new method to detect informed trading activities in the options markets.An option trade is …