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trade intensity ratio increases between the countries. Geographical proximity and language similarities also turn out to be …
Persistent link: https://www.econbiz.de/10009350186
Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …
Persistent link: https://www.econbiz.de/10010752744
We map the relationship between products in global trade and the products a country exports as a network to devise a …
Persistent link: https://www.econbiz.de/10010636566
The paper celebrates John Fei's life and contributions to economics by viewing them in the context of recent theoretical and empirical literature on the economics and politics of growth. It summarizes the lessons from the literature and development experience since the end of the second world...
Persistent link: https://www.econbiz.de/10005783501
We estimate the effect of international trade on average labor productivity at the country level. Our empirical … approach relies on summary measures of trade that, we argue, are preferable on both theoretical and empirical grounds to the … one conventionally used. In contrast to the marginally significant and non-robust effects of trade on productivity found …
Persistent link: https://www.econbiz.de/10005772175
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 …
Persistent link: https://www.econbiz.de/10005800664
supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …
Persistent link: https://www.econbiz.de/10005497925
La crisis económica actual se inscribe en el contexto de un profundo proceso de transformación de la economía mundial. Este proceso tiene su principal reflejo en la evolución registrada por el comercio internacional en las últimas décadas, cuyo análisis es el objeto de esta monografía....
Persistent link: https://www.econbiz.de/10010662870
This paper examines the role that trade plays in economic development through the channel of technology transfer … between donor- and receiving countries. In this context, trade in (capital) goods allows technology import and improved input … decisions. Second, trade opens export markets, allowing learning-by-doing. Third and most importantly, trade increases the set …
Persistent link: https://www.econbiz.de/10005570290
Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates.  We construct a three-region model of the world in which … find that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s …
Persistent link: https://www.econbiz.de/10011194334