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The typical narrative regarding the evolution of world trade prior to World War II refers to a secular rise starting …, representing 90% of world GDP, for the period from 1870 to 1949. Our estimates combine historical import and export figures with … of a dramatic rise and fall of world trade over this period. Yet, they indicate that this rise and fall was …
Persistent link: https://www.econbiz.de/10014147283
, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World … War I trade boom. In contrast, for the post-World War II trade boom we identify changes in output as the dominant force …
Persistent link: https://www.econbiz.de/10013156494
, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World … War I trade boom. In contrast, for the post-World War II trade boom we identify changes in output as the dominant force …
Persistent link: https://www.econbiz.de/10003882603
classified into World-I, World-II and World-III countries. KOF, the Business Cycle Research Institute in the Swiss Federal …
Persistent link: https://www.econbiz.de/10013065266
Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the "Balassa-Samuelson" effect. But looking back fifty years, or more, this effect virtually disappears from the data. What is...
Persistent link: https://www.econbiz.de/10014070762
Was the collapse of world trade between 1928 and 1937 caused by higher transport costs, increased protectionism or the …
Persistent link: https://www.econbiz.de/10012023385
Industrial revolution in the West was followed by a major decline in artisan activities in the colonies and semi-colonies in the East.This is known as de-industrialisation. This paper develops a two-sector neo-Ricardian framework to stylize the functioning of a pre-capitalist economy in those...
Persistent link: https://www.econbiz.de/10014223778
At least since 1750 when Baron de Montesquieu declared “peace is the natural effect of trade,” a number of economists and political scientists espoused the notion that trade among nations leads to peace. Employing resources more efficiently to produce some commodities rather than others is...
Persistent link: https://www.econbiz.de/10014024398
decoupling between the world's two largest economies. Results based on gravity model regressions with high-dimensional fixed … other hand, we find no evidence of an increased regionalisation of world trade since the shock of the COVID-19 pandemic or … the war in Ukraine. Therefore, our results suggest that near-shoring strategies did not have a large impact on world trade …
Persistent link: https://www.econbiz.de/10014437262
In examining the effect of membership in the World Trade Organization (WTO) on the amounts of Aid for Trade (AfT) that … accrue to developing countries, Lee et al. (2015) (The World Economy, 38, 2015 and 1462) have found that developing country … members of the World Trade Organization (WTO) received higher AfT flows than non-WTO developing members. The present paper …
Persistent link: https://www.econbiz.de/10014321105