The paper is devoted to an econometric analysis of learning foreign languages in all parts of the world. Our sample covers 193 countries and 13 important languages. Four factors significantly explain learning, two of which affect the broad decision to learn, while two concern as well the choice...

The paper is devoted to an econometric analysis of learning foreign languages in all parts of the world. Our sample covers 193 countries and 13 important languages. Four factors significantly explain learning, two of which affect the broad decision to learn, while two concern as well the choice...

Somatic distance, or differences in physical appearance, proves to be extremely important in the gravity model of bilateral trade in conformity with results in other areas of economics and outside of it in the social sciences. This is also true quite independently of survey evidence about...

We construct new series for common native language and common spoken language for 195 countries, which we use together with series for common official language and linguistic proximity in order to draw inferences about (1) the aggregate impact of all linguistic factors on bilateral trade, (2)...

The paper is devoted to an econometric analysis of learning foreign languages in all parts of the world. Our sample covers 193 countries and 13 important languages. Four factors significantly explain learning. All four affect the broad decision to learn but the last two also point to the choice...

Ce chapitre offre une revue complète des effets linguistiques sur le commerce et le bien-être. En particulier, sont présentés les enseignements essentiels des travaux économétriques sur le partage d'une langue et les flux commerciaux et faisant ainsi apparaître une variété de sources...

Monetäre Disziplin – Deutschland und das Europäische Währungssystem Dieser Aufsatz untersucht die Hypothese, daß alle Mitgliedsländer des Europäischen Währungssystems (EWS) außer Deutschland Nutzen aus diesem System ziehen, weil es ihnen monetäre Disziplin auferlegt. Die Hypothese...

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...

This article questions Milton Friedman’s methodological position in a famous essay dating to 1948 where he questions the validity of tests of the assumptions of economic theory. Valid tests, he maintains, by and large, concern the empirical implications of hypotheses derived from the theory....

This article attempts to show that Pigou does not rely on the "wealth effect" in his attack on the doctrine of "unemployment equilibrium" with flexible money wages (a doctrine which, incidentally, he never considers clearly Keynesian). Instead, he depends on a form of "substitution effect,"...