The structure of trade expansion in Hungary and Poland over the period 1990-1998 and its implications for labour-market adjustment is examined. An econometric analysis of trade and employment data suggests that changes in domestic consumption and productivity have significant influence on...

This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is a measure of technology that isolates sources of innovation and their contributions to domestic TFP. Within-industry innovation enhances domestic productivity, and domestic...

The literature has identified that countries with higher levels of openness tend to present a larger government sector as a way to reduce the risks to the economy that openness entails. This paper argues that there are a number of policies that can mitigate trade-induced risks, many of which do...

This paper examines the effect of terrorism and warfare on international trade. We investigate bilateral trade flows between more than 200 countries over the period from 1960 to 1993. Applying an augmented gravity model that includes several measures of terrorism and largescale violence, we find...

Utilising four annual panel datasets and dynamic panel data estimation procedures we find that trade and financial openness, as well as economic institutions are statistically important determinants of the variation in financial development across countries and over time since the 1980s....

This study aims to provide time series evidence of the economic growth pattern of Greece and explains the hidden impacts of its financial liberalization process since 1960, in terms of the links between trade and gross domestic output. Using time series data covering the period 1960-2009, the...

This paper applies a Vector autoregression model to estimate the impact of the real exchange rate to trade balance in Vietnam by using monthly data from Jan 2008 to Jan 2012. The results include three main findings: (i) There does not exist evidence of a relationship among real effective...

This study examines the issue of whether managerial social capital, defined as aggregate benefits of social obligations and informal contacts formed through social networks, has an impact on financial development. Utilizing a large cross-country sample for the period 1999– 2012, we provide...

Linguistic distance as a variable of the gravity model for international trade: example of China. Fundamental and applied researches in practice of leading scientific schools, 38 (2), 4-9. This article investigates the role of linguistic distance on bilateral trade by using a set of indicators...