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We review the literature on the links between technology and international trade. The older literature assumed … relationship between each one of these forms of change in technology with international trade. Apart from integrating much of the … exogenous technologies and focused on their effects on the structure of foreign trade and on welfare. Recently much of the …
Persistent link: https://www.econbiz.de/10005067514
world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists … reduction in emissions. A second exercise comparing the actual trade situation with an autarky benchmark estimates that trade …
Persistent link: https://www.econbiz.de/10005504371
supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …
Persistent link: https://www.econbiz.de/10005497925
The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...
Persistent link: https://www.econbiz.de/10011083510
trade in explaining British living standards or growth rates. We construct a three-region model of the world in which …Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …
Persistent link: https://www.econbiz.de/10011083876
institutions to affect growth. Institutions can directly affect growth, or it can impact on trade, which in turn affects growth …. Once we separately quantify the link from institutions to trade, and trade to growth, the independent effect of … institutions on growth is small. This suggests that part of what is often understood as trade's effect on growth can be attributed …
Persistent link: https://www.econbiz.de/10011084605
contributed to Austria's post-war growth and the evolution of its pattern of trade over time. The paper looks at two lessons for … small relative share of R&D in GDP. The paper uses insights from recent dynamic theories of trade to explain these three … the Austrian experience, industrial and trade policy for economies in transition is discussed. …
Persistent link: https://www.econbiz.de/10005666891
-1878. There were three forces at work that account for Mexican exceptionalism: first, the terms of trade and Dutch disease effects …
Persistent link: https://www.econbiz.de/10005123574
A recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were … linked to factor endowments, to one where modern growth has broken that link. In this Paper we present evidence on another … locate the causes in the Industrial Revolutionary forces emphasized by endogenous growth theorists, we provide evidence that …
Persistent link: https://www.econbiz.de/10005123980
to trade policy reforms. The paper employs a simple growth model to examine these effects, formally developing the …This paper emphasizes the relevance of classical transition dynamics for trade policy, particularly for developing … countries. The empirical evidence from cross-country growth regressions points to important transitional growth effects related …
Persistent link: https://www.econbiz.de/10005124093