agricultural productivity. In this paper, we suggest that it needs not be the case. We show that trade openness can in fact trigger … and produce the necessary productivity gains for an economy to pick up. Our dynamic general equilibrium model provides a …

increased its weight in the Bretton Woods financial institutions, the IMF, and World Bank, while institutionalizing its reach in …

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade …

One of the most striking features of the world economy is that wealthy countries are clustered together. This paper …

growth and productivity in countries from Latin America and the OECD (Organisation for Economic Co-operation and Development … productivity, as well as the influence of human capital in counteracting these impacts. The main findings of the research are as … follows: (i) corruption decreases economic growth and productivity in both groups of countries; (ii) informality negatively …

determinant of the distribution of world population and a prime cause of the Great Divergence in income per capita across … countries in the last two centuries. The theory suggests that international trade affected the evolution of economies … comparative advantage generates an important new insight regarding the distribution of the gains from trade. The theory suggests …