economy, and presents an overview of economic benefits of deregulation, labor market liberalization, and enterprise reform …

We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports …, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and … ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also …

, particularly on exports. We then go on to 'augment' the standard gravity model with relevant variables from the World Bank …

context of globalization-a term typically used to describe the phenomenon of growing international trade and financial …

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies … principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster …