The general principle is that it is crucial for the government to provide a stable macroeconomic environment conducive to business development with a clear, transparent and neutral regulatory environment and neutral incentives to all firms and industries. Clear, transparent and neutral...

The location of energy-intensive industries and their associated emissions plays a key role in the climate policy debate. The models addressing this issue typically assume constant returns to scale in production and use the Armington assumption to differentiate energy-intensive commodities...

The empirical analysis of the micro links between trade and knowledge diffusion allows us to distinguish among the key predictions of the theoretical literature on endogenous growth. This literature postulates that total factor productivity (TFP) is higher when trade gives access to a wider or...