Foreign exchange windfalls such as those from natural resource revenues change non-resource exports, imports, and the … that the response to a dollar of resource revenue is, approximately, to decrease non-resource exports by 75 cents and … increase imports by 25 cents, implying a negligible effect on foreign saving. The negative per dollar impact on exports is …

We work with a panel of bilateral trade flows from 1988 to 2002, exploring the influence of infrastructure …, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. We are interested … in threshold effects, and so emphasize those cases where bilateral country pairs do not actually trade. We depart from …

Economic growth and trade liberalization since the 1970s have led to rapid growth in exports from many developing …

do not occur ceteris paribus. This makes it necessary to explicitly account for the demand and supply shocks underlying …

to the speculative demand for oil as well as shocks to the flow demand and flow supply. The forward-looking element of … an estimate of this elasticity based on shifts of the supply curve along the demand curve. We show that, even after …

-shock specification, we identify, using sign restrictions, two non-policy shocks, demand and supply, and two policy shocks, monetary and … fiscal. We obtain the following results. (ii) Both supply and demand shocks are important sources of fluctuations; supply …

The paper surveys the interactions between aid and trade, distinguishing between policies and outcomes as well as … recipient’s welfare via the trade channel, before turning to the empirical and institutional literature on the topic. It …

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 …

This paper employs worldwide data on output and bilateral trade in order to identify optimum currency areas (OCA’s) on … trade, some large continental OCA’s can be discerned in the world. Adding the second criterion, which concerns symmetry …

This paper analyses theoretically and empirically the relationship between trade and war. We show that the intuition … that trade promotes peace is only partially true even in a model where trade is beneficial to all, war reduces trade and … probability of escalation is indeed lower for countries that trade more bilaterally because of the opportunity cost associated …