Contrary to previous findings, we find a systematic and economically sizeable relationship between income levels and …

This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …

measures that aim to avoid credit overexpansion are two policies that can improve the links of private debt with labour income …