Thirwall's law posits that a country's economic growth rate (relative to that of the rest of the world) depends on a ratio of its export's income elastcity of demand to that of its imports. Empirical studies of this hypothesis have almost been entirely supportive, but we argue that the method...

Over the last 50 years or so, a great deal of attention has been paid to the estimation of time series models of foreign trade flows--especially those relating to the volume of trade in imperfectly substitutable goods between one country and the rest of the world. In this time, the models...

In a study of nine Asia-Pacific countries' real exchange rates, <link rid="b6">Chinn (2000)</link> finds some evidence in support of the <link rid="b1">Balassa (1964)</link> and <link rid="b20">Samuelson (1964)</link> hypothesis. His findings, however, are based on the application of a model containing several potentially restrictive simplifying assumptions to...

This study uses cohort data to analyse the observed (or gross) salary differential between male and female primary school teachers. The teachers in this sample, who are all employed in state-sector schools in the same geographic locality, are observed 20 years after first entering the teaching...

Several studies have investigated whether the terrorist attacks of September 11, 2001, have had an ongoing or merely transitory effect on US trade in tourism. All conclude in favor of the latter. However, limitations in either the data and/or methodology employed by these studies give cause to...

Of the hundreds of empirical studies examining the determinants of aggregate export volumes, almost all are based on a theoretical model that assumes that firms are operating in an identical environment. The very few studies that attempt to relax this assumption are all subject to their...

We investigate the effect of trade liberalization on the price and income elasticities of demand for imports in five Central American economies. In contrast to recent studies, we find that liberalization has had little impact on import demand's sensitivity to price. However, the income...

Practically all existing studies of British export performance either model export supply in an ad hoc manner without accounting for any interaction between it and export demand and/or impose a simplifying homogeneity assumption on the firms being modeled. In this article, a new two-regime...