This paper argues that the empirical trade-growth relationship should be modelled using a dynamic panel data approach … than previous results. They confirm the existence of a strong causal effect of trade on growth but fail to find evidence … for trade as an independent factor of divergence. Hence, one cannot blame trade as such for the disappointing performance …

While theoretical models suggest that trade is likely to increase productivity and income levels, the empirical … evidence is rather mixed. For some countries, trade has a strong impact on growth, whereas for other countries there is no or … even a negative linkage. We examine one likely prerequisite for a welfare increasing impact of trade, that is, the role of …

recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply …

recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply …

African economies that export natural resources have benefited from positive terms-of-trade effects. In addition, there is …

This paper examines the impact on TFP of North-South trade-related technology diffusion in Latin America and the … Caribbean (LAC). North-South R&D flows are constructed based on industry-specific R&D in the North, North-South trade patterns …) that taking into account the interaction effects between trade, education and governance by reforming the policies …

This paper examines the impact of North-South trade-related technology diffusion on TFP growth in small and large … states in the South. The main findings are: i) TFP growth increases with North-South trade-related technology diffusion, with …

) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry …-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main findings are: i … variables - education, governance or openness - result in virtuous growth cycles. These are smallest under an increase in trade …