This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing...

Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality...

This paper evaluates the effects of the North American Free Trade Agreement on the economic growth of Mexico, the United States and Canada by means of an augmented Solow growth model. Such a model is estimated with panel data through two econometric methods: 1) the Arellano-Bond dynamic panel...

This paper surveys the theoretical and empirical literature on the effects of the real exchange rate (RER) on international trade, economic development and growth. We summarize the main conceptual issues, discuss the relevance of the RER as an instrument of development policy, provide an...

This thesis examines the reciprocity between the economy and elections, politicians, and policies. To inform voters about the consequences of their ballot choices, understanding the triangular relationship between the economy, political actors, and policies is essential. In representative...

We resolve several scenarios of post-Brexit using a multi-country simulations model of neoclassical growth. We started by assuming the UK unilaterally imposed much tighter restrictions on foreign direct investment and trade with other EU countries. Then we assume the European Union imposes and...

In this paper, we analyse the relationship between international trade and economic growth in an unbalanced panel of 20 European countries in a long-term perspective, since the mid-19th century to present days, differentiating between the periods before and after the start of the Second World...

We posit that OECD buyers are in a continuous search for best quality suppliers from developing countries. We build a simple model of adverse selection and quality screening which captures this feature. The model predicts that diversification happens by “bouts”, or temporary episodes, during...

Costa Rica has some concerns for the "middle income trap" stemming from her perceived weakening export competitiveness, intensifying competition in attracting FDI inflow; and apparent lack of innovation capabilities. Quantitative analyses on the impact of recent FTAs suggest only large firms...