Calculations of marginal welfare effects suggest that agricultural development has had important positive affects on national welfare, especially is developing countries. Latin American and Caribbean (LAC) countries have also benefited from agricultural growth, but non-agricultural production...

This paper makes three contributions to the literature on agricultural productivity. First, we provide estimates of growth in agriculture’s total factor productivity (TFP) for a panel of countries using a translog-production function. In contrast to most of the existing literature, the...

The number of national export promotion agencies (EPAs) has tripled over the last two decades. While more countries made them part of their national export strategy, studies criticized their efficiency in developing countries (Hogan, Keesing and Singer, 1991). Partly in reaction to these...

This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more...

Purpose – This article aims to provide two analytical frameworks for understanding the role of trade in promoting inclusive growth in developing economies. Design/methodology/approach – A working definition of inclusive growth focuses on long‐term, sustained growth associated with...

Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), Lessons from NAFTA aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade and...

The report provides a preliminary assessment of DR-CAFTA, with particular attention to three key themes: (i) expected trade and non-trade benefits, (ii) actions that Central American countries need to pursue to capitalize optimally on the new opportunities, and (iii) identification of the...

Intro -- Contents -- Acknowledgments -- Acronyms and Abbreviations -- Introduction and Summary -- What Should Countries Rich in Natural Resources Do to Grow Faster and Improve the Quality of Their Jobs? -- Answering Old and New Concerns about Trade -- Lessons from Successful Natural...

Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies,...

Entrepreneurship -- manifested in the entry of new firms or products into new markets, or substantial improvements in technological capacity or process innovation by incumbent firms -- is widely considered to be an important ingredient for long term economic development. This report argues that...