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One of the most often committed mistakes in economic reasoning is the supposition about continuity of economic processes. Yet what dominates in reality is the process of permanent changes which sometimes happen not in a linear but in a cascade way. It must be acknowledged that the capitalist...
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This paper examines the relationship between the shadow economy and trade openness in Uganda, using autoregressive distributed lag bounds testing approach. We find that the shadow economy and trade openness have a long- and short-run relationship. These results hold even when alternative...
Persistent link: https://www.econbiz.de/10013183973
network of trade in digital services (trade in bits) and compare it with that of the more traditional flow of manufactured … less hierarchical network structure, which is more similar to trade in high-skill manufactured goods than total trade. Last …, distance plays a more prominent role in shaping the network of international trade in physical goods than trade in digital …
Persistent link: https://www.econbiz.de/10014176593
This paper explores the importance of international trade in generating both immediate economic benefits and broader benefits of peace. We discuss the theoretical foundations of international trade as a source of economic and non-economic benefits that foster peace. Next, we review the empirical...
Persistent link: https://www.econbiz.de/10014078221
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...
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