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Despite the essential role that international trade has historically played for resource-rich African economies, growth possibilities have been hindered by considerable trade barriers. Yet, in the large literature on commodity market integration, Africa is a blank spot and little is known about...
Persistent link: https://www.econbiz.de/10012833713
This paper looks at how trade liberalization and institutional quality influence real income. Previous evidence has provided mixed results, and we find that indicators representing trade liberalization have been very weak. By using strongly balanced panel data of 45 Sub-Saharan African countries...
Persistent link: https://www.econbiz.de/10012021637
Trade and investment liberalization has been one of the key features of economic policy in many developing countries since the 1990s. Research on this subject has consistently produced more evidence on the benefits of globalization; theoretical studies give more attention to what happens within...
Persistent link: https://www.econbiz.de/10012007515
that trigger migration. People may well want to stay in or move to relatively poor countries if institutions are good …, partly because good institutions have an intrinsic value for people and partly because good institutions may be a sign of … levels, we find that institutional quality matters significantly for migration. Poor institutions act as a push factor, while …
Persistent link: https://www.econbiz.de/10011305765
Multilateralism is associated with a variety of benefits. Involving more states can help monitor compliance and contribute toward enforcement. Yet, in international dispute settlement, multilateralism can backfire. When legal processes are open to participation by non-litigant countries,...
Persistent link: https://www.econbiz.de/10012858879
This article places international trade law in the context of the rapid increase in economic growth and globalization over the last 60 years that is reducing poverty and expanding the middle class in most nations of the world. This economic and cultural integration of markets and peoples has...
Persistent link: https://www.econbiz.de/10013089357
This working paper draws on historical and contemporary data on tariffs, non tariff barriers, and transportation costs (for the United States and its major trading partners) to estimate the role of policy liberalization in US merchandise trade growth over the period 1980 to 2006. Both partial...
Persistent link: https://www.econbiz.de/10013152771
Globalisation through international trade, foreign direct investment (FDI) and international movements of labour is a key force driving economic growth. However, Japan is an outlier among OECD countries, with the lowest levels of import penetration, stock of inward FDI relative to GDP and...
Persistent link: https://www.econbiz.de/10012445794
Persistent link: https://www.econbiz.de/10011716134
What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset of Vietnamese firms we document a set of empirical regularities...
Persistent link: https://www.econbiz.de/10011717219