We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We … model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for … endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a …

Factor-endowment based trade with the leading economy helps to explain the differing development performances of the …-abundant East Asia traded more heavily with the U.S. and thus engineered faster growth than did land-abundant Latin America. Factor …-endowment based trade and economic ties with the secondary advanced economy (first the U.S. and then Japan) played important roles in …

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 …

world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists … reduction in emissions. A second exercise comparing the actual trade situation with an autarky benchmark estimates that trade …

processes of trade and growth. Indeed, industrial policy seems to be back in fashion—or, at least, talking about it is. But a … renewed “activism” by government in the trade and growth agenda need not mean a return to old-style policies of import … private sector–led growth. This note discusses the renewed role of government in trade and growth policy from the …

world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists … reduction in emissions. A second exercise comparing the actual trade situation with an autarky benchmark estimates that trade …

trade in explaining British living standards or growth rates.  We construct a three-region model of the world in which …Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … find that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s …

trade in explaining British living standards or growth rates. We construct a three-region model of the world in which …Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …

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. Both from a theoretical as well as an empirical point of view one …

and growth in services' trade. The objective of this paper is to build a simple three sector quantitative model which can … of sectoral trade negligibly affects the results. Hence I conclude that services' productivity growth versus the increase … in services' trade can better explain the value added growth observed in the Indian service sector across the two steady …