There is a new wave of external borrowing by African governments on private sovereign bond markets. The findings in this paper indicate that African economies pay higher-than-normal coupon rates on these markets; observed risk measures like agency ratings and debt to GDP ratios do not explain...

This paper examines the impacts of trade on youth employment in the United States. The overarching goal is to link lessons from the decline of manufacturing jobs in the past decades to future prospects for the US economy. We find higher rates of job losses with exposure to import competition for...

This paper examines the impacts of trade on youth employment in the United States. The overarching goal is to link lessons from the decline of manufacturing jobs in the past decades to future prospects for the US economy. We find higher rates of job losses with exposure to import competition for...

To drive economic development, it is important for policy makers to have a good understanding of the linkages between imports, exports, and the rest of the economy. This is particularly true for Africa. The continent depends on exports of commodities to finance imports of manufactured goods for...

Using firm-level export data from six African (Burkina Faso and Senegal) and Latin American (Guatemala, Mexico, Peru, and Uruguay) countries, we examine factors that determine the survival of export flows. We explore the effects on export survival of changes in the number of home-country...