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percent. 2 And the growth of world trade during thisperiod far exceeded the expansion of world output. Growth rates of …
Persistent link: https://www.econbiz.de/10005870594
This paper documents a robust empirical regularity: in the long-run, higher trade openness iscausally associated to a … within-country trade. Our main findingis robust to various definitions of unemployment rates and openness measures …. Thepreferred specification suggests that a 10 percent increase in total trade openness reducesunemployment by about one percentage …
Persistent link: https://www.econbiz.de/10009360638
The decline in unskilled workers’ real wagesduring the 1980s in the United States andthe increase in their unemployment inEurope (due to the comparative inflexibilityof European labor markets vis-à-vis those in the UnitedStates)1 have prompted a search for possible explanations.This search...
Persistent link: https://www.econbiz.de/10005870363
whole surplus, leaving the peasants immiserated. Trade was sterile in that it was state inspired, and required to meet the …
Persistent link: https://www.econbiz.de/10005870823
application of agency theory to long-distance trade. This analysis explores an area not accounted for in the literature on French …
Persistent link: https://www.econbiz.de/10005870826
This paper examines the economic organization of the trans-Saharan slave trade between the fourteenth and the …. The commercial framework of this trade was integrated into ethnic, cultural, and religious systems, yet for its efficient … limit cooperation problems. This demonstrates that the organization of the trans-Saharan slave trade was economically …
Persistent link: https://www.econbiz.de/10005870829
realize enhanced gains from trade also depended upon the political status of regional economies operating and interacting … (through trade in commodities, capital flows, labour migration and the diffusion of useful knowledge) within a global economy …
Persistent link: https://www.econbiz.de/10005870836
.Yet even as this orthodoxy seemed to become embedded in a public policy of free trade and minimal government in the 1840s …
Persistent link: https://www.econbiz.de/10005870941
[...]Early in the morning of each business day, the major foreignexchange trading firms send their customers lists oftechnical trading signals for that day. Timely technical signalsare also supplied by major real-time information providers.These signals, which are based primarily on prior price...
Persistent link: https://www.econbiz.de/10005870022
[...]In this article, we shed light on the globalizationof international production and trade by demonstratingthe … increasingly important role vertical specializationplays in international trade. We use case studies andinput-output tables to … calculate the level and growth ofvertical-specialization-based trade, which we define as theamount of imported inputs embodied …
Persistent link: https://www.econbiz.de/10005870104