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Trade Creation and Diversion Revisited; Accounting for Model Uncertainty and Natural Trading Partner Effects

Papageorgiou, Chris; Henn, Christian; Eicher, Theo S. - International Monetary Fund (IMF) - 2008

Trade theories covering Preferential Trade Agreements (PTAs) are as diverse as the literature in search of their empirical support. To account for the model uncertainty that surrounds the validity of the competing PTA theories, we introduce Bayesian Model Averaging (BMA) to the PTA literature....

Persistent link: https://www.econbiz.de/10005263980

Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?

Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …

Persistent link: https://www.econbiz.de/10005263792

Efficiency-Adjusted Public Capital and Growth

Gupta, Sanjeev; Kangur, Alvar; Wane, Abdoul Aziz; … - International Monetary Fund (IMF) - 2011

This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income...

Persistent link: https://www.econbiz.de/10009327877

Export Quality in Developing Countries

Henn, Christian; Papageorgiou, Chris; Spatafora, Nicola - International Monetary Fund (IMF) - 2013

quality growth rates. Within any given product line, quality converges both conditionally and unconditionally to the world …

Persistent link: https://www.econbiz.de/10011123871