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shows that borders and distance impede trade by much more than tariffs or transports costs can explain. We therefore …
Persistent link: https://www.econbiz.de/10011145400
We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with different levels of migration frictions. We...
Persistent link: https://www.econbiz.de/10011252617
We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is … inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form … beliefs on the average propensity to trade of the other group. Since conflict disrupts trade, the onset of a conflict signals …
Persistent link: https://www.econbiz.de/10009003383
From marginal relevance, the trade and business relations between Australia and Latin America have grown during the … partners in Latin America (Argentina, Brazil, Chile and Mexico) experienced the impact of processes of trade liberalisation …
Persistent link: https://www.econbiz.de/10009131009
increased international trade. This study tests two theories as to why democracies might trade more. First, political freedom … trade more. Second, democracy implies higher quality governance either through institutions or policy-making procedures. I … utilize a bilateral gravity trade model covering approximately 150 countries from 1950 to 1999, with fixed effects for time …
Persistent link: https://www.econbiz.de/10009366430
Industrial policy has attracted considerable controversy in the development context. This paper makes a case for a pragmatic and limited approach to interventions as a means of stimulating industrialization in the context of current and future challenges facing newly industrializing economies....
Persistent link: https://www.econbiz.de/10009366432
the period 1975-2005. In particular, it tests a) whether increases in trade lead to rising inequalities, b) whether these … inequalities recede in time, and c) whether increases in global trade affect the developed and developing worlds differently. Using … static and dynamic panel data analysis, it is found that while increases in trade per se do not lead to greater territorial …
Persistent link: https://www.econbiz.de/10009367423
-driven and the decision to serve foreign countries via exports or FDI depends on a proximity-concentration trade-off. We … characterize the joint patterns of trade and FDI when countries differ in income distribution and size and show that FDI is more …
Persistent link: https://www.econbiz.de/10009367424
ofthe world. The issues considered include changing patterns in trade, capital flows,and commodity prices. Both positive …
Persistent link: https://www.econbiz.de/10008670281
The debate on industrial policy (IP) has been characterized by a number of contractions over the concept of industrial policy, its merits, contents and application. The purpose of this exploratory paper is to review the debate on IP. Outlining the concept and instruments of industrial policy,...
Persistent link: https://www.econbiz.de/10008671386