This paper provides preliminary econometric evidence suggesting that the traditional trade-based business cycle linkages between the North and the South have changed. Many countries in the South, in particular in Asia, appear to have become more resilient to cyclical movements in the North, and...

We examine the extent to which developing countries that do little, if any, research and development themselves benefit from Ramp;D that is performed in the industrial countries. By trading with an industrial country that has a large quot;stock of knowledgequot; from its cumulative Ramp;D...

We estimate a gravity model to address the question of whether Africa`s bilateral trade with industrial countries is quot;unusualquot; compared with other developing country regions. Our main finding is that the unusually low level of African trade is explained by economic size, geographical...