The literature has paid very little attention to a potential positive endogenous nexus between trade globalization and … the gravity trade theory, using data from a sample of 134 IMF countries over the pe- riod 1974-1998. An extensive search … shows that trade globalization dampens political liberalization, though political liberalization fosters trade globalization …

threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world … of national income per capita and democracy may not be positively correlated. The model is also useful for understanding …

This paper develops a new model of trade policy under dictatorship and democratization. The paper makes two … by studying the endogenous interaction between the form of government and trade policy. The paper's second contribution … is to show how a dictatorship can manipulate trade policy to maintain its grip on power in the face of permanent world …

to democracy and vice versa (consistent with the recent theoretical work by Acemoglu and Robinson) but, unlike older … significant policy implications - it increases the volatility of both trade and fiscal policies. Furthermore, policy volatility …

threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world … of national income per capita and democracy may not be positively correlated. The model is also useful for understanding …

At least since 1750 when Baron de Montesquieu declared “peace is the natural effect of trade,” a number of economists … and political scientists espoused the notion that trade among nations leads to peace. Employing resources more efficiently … comparative advantage leads to gains from trade. If political conflict leads to a diminution of trade, then at least a portion of …

At least since 1750 when Baron de Montesquieu declared peace is the natural effect of trade, a number of economists and … political scientists espoused the notion that trade among nations leads to peace. Employing resources wisely to produce one …. Specialization based on comparative advantage leads to gains from trade. If political conflict leads to a diminution of trade, then …

democratization has a sizeable negative effect on loan spreads: a one-point increase in the zero-to-ten Polity IV index of democracy …

We examine the role of democracy shocks in the cross-country economic growth processes over a period of five decades … investigation. We study if (i) a shock to democracy in one country triggers institutional reforms and growth upsurge in the … neighbouring countries, and (ii) the magnitude and direction of response to democracy shocks are contingent upon income pathways of …