The debate on trade and growth increasingly focuses on the composition of exports. Exports of more “sophisticated …

. Empirically, we collect a large dataset on aggregate and bilateral trade flows as well as output for 51 countries. We find that … significantly deviates from the evolution of world GDP. Finally, using exogenous variation in trade-related distances to world …

– horizontal versus vertical – within the European Union and the relevance of trade integration as a potential determinant of … investment flows over the period 1995-2009. We capture trade integration by estimating the magnitude and evolution of the home … robust relationship of complementarity between trade integration and FDI provides at least one argument in support of …

China's increased trade with and investment in Africa have boosted the continent's economic growth but have also … widespread across host countries, independent of host countries' market size and trade costs, but is negatively correlated with …

We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows … into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect … deep drivers of trade by extending standard new trade models to include endogenous factor accumulation, R&D driven …

We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … capital. The model nests structural gravity subsystems for FDI and trade, with accumulation/decumulation of phyisical and … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …

trade agreements and Bilateral Investment Treaties (BITs) have been signed to lower tariffs and reduce the risks of …

This paper demonstrates that international ownership can mitigate the terms of trade externalities that lead large … terms of trade cost-shifting motives cannot ensure efficient trade policy regimes in an environment with international …