The rebalancing of global demand towards large emerging countries and the resulting long-lasting cycle of high international commodity prices had a profound impact on LDC trade, its composition and its distribution. This process contributed to a wider geographical diversification of LDCs'...

LDCs' trade patterns changed in the past decade, thanks to the rebalancing of global demand towards large emerging countries and the resulting cycle of high international commodity prices. This process led to a wider geographical diversification of LDCs' exports but contributed also to a greater...

LDCs' trade in goods and services changed in the past decade, thanks to the rebalancing of global demand towards large emerging countries and the resulting high international commodity prices. This process led to a wider geographical diversification of LDCs' exports but contributed also to a...

Notwithstanding some progress in market and product diversification - including services - LDCs remain particularly vulnerable to external shocks. With the exception of 2006-2008, the LDCs as a group have systematically recorded a trade deficit. The 2008-2009 global crisis and the bumpy recovery...

External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural attributes in amplifying or mitigating the effect that...

Trade can and should play an important role in making progress to achieve the Sustainable Development Goals. This includes trade and investment in services, as realizing many of the goals is conditional on improved performance of services sectors in developing countries. The global environment...

In this paper, I estimate the impact of heterogeneity in non-tariff measures policies on countries’ global value chain-related trade and its backward and forward components. I first build a regulatory distance index, which measures the degree of dissimilarity in non-tariff measure structures...

Japan achieved phenomenal economic growth after wwii. Starting in the early 1990s, however, the japanese economy began experiencing a prolonged deflation-stagnation period widely known as the “lost decades”. Based on data from the world bank and the federal reserve bank of saint louis, this...

When an exchange occurs between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade. The WTO agreements cover goods, services, and intellectual property. They spell out the principles of liberalization and the permitted...

There has been a wide debate on whether democracy actually has an effect on economic outcomes, and especially on international trade. With a new estimation strategy, we analyze this relationship taking a look at the distribution of countries ́trading activity. Using a panel quantile estimation...