Focusing on an initial and potentially expandable four-variable model combining leading sector innovation, leading sector concentration, naval capability concentration, and military preparation for warfare, a vector autoregression analysis of U.S. data for the 1801-1992 period reveals a...

Despite the widespread assumption that tariffs reduce trade volume in the short term, it is conceivable that long-term expansion and contractions in trade actually drive tariff levels. A Granger causality analysis performed on British, U.S., French, German, Japanese, and a systematic aggregate...