This paper examines the factor intensity of South Africa's trade. The conclusion is that South Africa is revealed though its trade pattern to be capital abundant (relative to labor). Surprisingly, this result holds especially for South Africa's trade with its high income partners, which should...

It is well known fact that all good things, as also bad things, come to an end and business cycles pass through good and bad economic times. Economically 2010 was a year of transition from economic recession to recovery. Economies were improving in some countries and industries were showing...

In this paper, we provide an overview of the relationship between international migration and international trade as well as capital movements. After taking a brief historical perspective, we first investigate migration flows between two countries in a static, neoclassical context. We allow for...

In this paper, we provide an overview of the relationship between international migration and international trade as well as capital movements. After taking a brief historical perspective, we first investigate migration flows between two countries in a static, neoclassical context. We allow for...

In this chapter, we provide an overview of the relationship between international migration and international trade as well as capital movements. We start out by identifying key issues through a brief comparison between modern migration and the mass migration of the nineteenth century, followed...

Trade theorists have come to understand that their theory is ambiguous on the question : are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...

In this paper we examine the impact of major disasters on international trade flows using a gravity model. Our panel data consists of more than 170 countries for the years 1962-2004 yielding approximately 300,000 observations. We find that the driving forces determining the impact of such events...

The purpose of this overview paper is to present the economic growth in China and India over the last three decades with a specific focus on the integration of these countries into the global economy. In the first part, we briefly review the long-run process of growth and institutional change,...

This paper demonstrates the presence of Heckscher-Ohlin type trade in bulk commodities in the early Iron Age. I study the trade going across the Mediterranean Sea, where costs of transport were low. I combine evidence from under-water archaeology for the existence of this trade with literary...