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We estimate the effect of imports and exports of intermediates on economic growth in a panel of more than 100 among developed and developing economies. We find that both capital and intermediate imports positively affect growth. The overall effect is driven by the effect of imports in developing...
Persistent link: https://www.econbiz.de/10013106472
This paper analyses the effect of international borders and of trade agreements at international borders on subnational … 1950 and 2017. Our results show that international borders decrease regional income per capita, while trade agreements at … international borders increase regional income per capita by about the same magnitude. The positive marginal effect of trade …
Persistent link: https://www.econbiz.de/10012533891
traditional finding that knowledge spillovers depend on geographical distance or trade flows. Our findings support policies that …
Persistent link: https://www.econbiz.de/10010380591
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and … natural disasters affect bilateral trade, and that this effect is conditioned by geographical variables such as distance to …
Persistent link: https://www.econbiz.de/10009240715
Persistent link: https://www.econbiz.de/10009666507
among countries grouped with respect to their mutual trade, this paper presents evidence that per capita income convergence …
Persistent link: https://www.econbiz.de/10010251655
The paper presents an analysis of real income convergence between the 11 countries of Central Eastern Europe which have joined the European Union (EU11) and 15 countries of Western Europe (EU15) in the period 1993-2015. The evolution of the income gap between the two groups of countries in terms...
Persistent link: https://www.econbiz.de/10011548764
commodity terms of trade. Average level of FDI inflows is associated with a 23 percent higher takeoff probability relative to a … standard deviation improvement in commodity terms of trade is associated with 28 percent higher takeoff probability. …
Persistent link: https://www.econbiz.de/10009270029
commodity terms of trade. Average level of FDI inflows is associated with a 23 percent higher takeoff probability relative to a … standard deviation improvement in commodity terms of trade is associated with 28 percent higher takeoff probability. …
Persistent link: https://www.econbiz.de/10009272046
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries, 99 countries, 1991-2007, extending Rajan-Zingales (1998). We utilize external finance dependence measures in a series of cross-sectional regressions of manufacturing...
Persistent link: https://www.econbiz.de/10009272052