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Economic theory is often abused in practical policy-making. There is frequently excessive focus on sophisticated theory at the expense of elementary theory; too much economic knowledge can sometimes be a dangerous thing. Too little attention is paid to the wider economic context, and to the...
Persistent link: https://www.econbiz.de/10005498003
This paper is about Nicky Kaldor and other economists contributions to economics.
Persistent link: https://www.econbiz.de/10004967994
It is most important to get the conceptual aspects of a problem clear, before starting any formal or statistical analysis. This the author has always tried to do.
Persistent link: https://www.econbiz.de/10004967996
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 …
Persistent link: https://www.econbiz.de/10005504233
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
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 …
Persistent link: https://www.econbiz.de/10005504402
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 …
Persistent link: https://www.econbiz.de/10005504509
This paper explores the link between trade and European labour markets by using evidence on relative commodity prices …
Persistent link: https://www.econbiz.de/10005504580
The recent media and political attention on service outsourcing from developed to developing countries gives the impression that outsourcing is exploding. As a result, workers in industrial countries are anxious about job losses. This Paper aims to establish what are the hypes and what are the...
Persistent link: https://www.econbiz.de/10005504627
What is the impact of terrorism on trade through higher security at the borders? We set up a theory which shows that … the impact goes not only from terrorism to trade; higher trade with a partner might, in turn, increase the probability of … products. These results suggest that security to prevent terrorism does matter for trade. …
Persistent link: https://www.econbiz.de/10005504633