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the gravity trade theory, using data from a sample of 134 IMF countries over the pe- riod 1974-1998. An extensive search …
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applications of the theory of government decentralization. Decentralization tends to discourage inward FDI and domestic trade and …
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applications of the theory of government decentralization. Decentralization tends to discourage inward FDI and domestic trade and …
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Does democracy affect trade? There are several channels by which democracy may affect trade, with differing implications. First, democratization in the exporting country can improve product quality and reduce trade costs, increasing bilateral trade. Second, democratization in the importing...
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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 …
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