This paper documents for the first time the relationship between profitability and three typesof international trade activities – exports, imports and two-way trade. It uses unique newrepresentative data for manufacturing enterprises from Germany, one of the leading actorson the world market...

This present paper focuses on the diffusion of wu-wei (an ancient Chinese concept of political economy) throughout Europe, between 1648 and 1848. It argues that at the core of this diffusion process were three major developments; firstly the importation and active transmission of wu-wei by the...

We look at disaggregated imports of various types of equipment to make inferences oncross-country differences in the composition of equipment investment. We make threecontributions. First, we document strikingly large differences in investment composition.Second, we explain the differences as...