Did financial development and international trade reinforce each other and drive economic growth more than a century ago? We investigate these linkages among 17 countries during the first wave of economic globalization (1850-1929). Cross-country dynamic panels as well as VARs and VECMs for...

This study investigates whether trade openness has a stabilizing or destabilizing effect on economic growth for 88 middle income countries during the global economic crisis of 2007 to 2008. Vulnerability, the exposure to financial risk caused by a financial crisis and resilience referring to how...

Introduction by the Editors -- Empirical Estimates of Inverted Duty Structure and Effective Rate of Protection- The case of India -- Does Past Performance in Home Market Affect Export Participation of New Exporters? Evidence from Indian Firms -- A Panel Data Analysis of Indo-Africa Trade: A...

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...