Using panel data regressions, this paper analyzes the effect of imperfections in the formal export credit and insurance market on trade growth in the regions of Africa and Asia. An exclusive comparison of trade performance of the two regions with respect to export credit and insurance is novel...

Frontmatter -- Preface -- Contents -- 1. Comparative Economic History -- 2. Group Behavior and International Trade -- 3. The Rise of Free Trade in Western Europe, 1820 to 1875 -- 4. The Formation of Financial Centers -- 5. Commercial Expansion and the Industrial Revolution -- 6. European Port...

While large businesses have resumed international trade at levels seen before the financial crisis, small- and medium-sized enterprises (SMEs) have not fared as well. For these firms — the backbone of economies everywhere — growth is impeded by the limited availability of bank loans to...

Preliminary results for 2015 have shown no substantial structural changes in both imports and non-energy exports. The import structure is most stable: the percentage share of chemical industry products, which are used basically as by-product in the domestic manufacturing industry, has seen some...

This paper attempts to determine whether conditions amendable to successful selective interventions to capture cross-industry externalities are likely to be fulfilled in practice. Three criteria are proposed for good candidates for industrial promotion: that they have strong interindustry links...

This paper assesses the effect of financing conditions on exports of goods in Greece during the last decade. Controlling for reverse causality which is feasible with the Johansen multivariate cointegration technique (1988) we have adopted, we estimate a reduced form of exports showing the...

Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...