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Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …
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This paper surveys the development of the theory of endogenous growth, with special emphasis on models that deal with the interactions between trade and growth. A unified framework is presented and is shown to contain many models as special cases. International factor mobility is also dealt with...
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While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations depends crucially on the specification of trade....
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This paper defines “interdependence” as high correlations across markets during all states of the world and “contagion …
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