This paper is a theoretical and empirical exploration of the connections between sovereignty (or its absence) and … growth rates in lagging countries over the period 1870 to 1950. Using a four-fold taxonomy of sovereignty, our estimates of … sovereignty differentials for growth rates of per capita income for 1900-1950 show a quantitatively strong positive impact of …

that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks … DOME database which has been built up at the Kiel Institute of World Economics. On average, performance of merging and non …

World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …