Similar Search Results

Historical Evidence on the Finance-Trade-Growth Nexus

Bordo, Michael D. - 2011

trade reinforced each other before 1930, but that these effects did not persist after the Second World War. Financial … after 1945. We attribute the rising importance of trade in explaining growth to major post-World War II changes in tariffs …

Persistent link: https://www.econbiz.de/10013125572

Global Trade and the Maritime Transport Revolution

Jacks, David S. - 2010

What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...

Persistent link: https://www.econbiz.de/10012759104

Fooling Ourselves : Evaluating the Globalization and Growth Debate

Hallak, Juan Carlos; Levinsohn, James Alan - 2021

This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...

Persistent link: https://www.econbiz.de/10013221540

Trade, Growth and the Environment

Copeland, Brian Richard; Taylor, Michael Scott - 2022

, species extinction and industrial pollution were rising. Recently it has been intensified by the creation of the World Trade …

Persistent link: https://www.econbiz.de/10013322309

Trade Liberalization and Growth : New Evidence

Wacziarg, Romain T.; Welch, Karen Horn - 2021

This paper revisits the empirical evidence on the relationship between economic integration and economic growth. First, we present an updated dataset of openness indicators and trade liberalization dates for a wide cross-section of countries in the 1990s. Second, we extend the Sachs and Warner...

Persistent link: https://www.econbiz.de/10013236719

Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s

Estevadeordal, Antoni - 2010

According to the Washington Consensus, developing countries? growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If quot;getting policies rightquot; is wrong or...

Persistent link: https://www.econbiz.de/10012758491

Trade and Growth : An Empirical Investigation

Frankel, Jeffrey A.; Romer, David - 2021

Countries' geographic characteristics have important effects on their trade, and are plausibly uncorrelated with other determinants of their incomes. This paper therefore constructs measures of the geographic component of countries' trade and uses those measures to obtain instrumental variables...

Persistent link: https://www.econbiz.de/10013222966

Economic Transformation, Population Growth and the Long-Run World Income Distribution

Chamon, Marcos - 2006

We construct and calibrate a model of the world economy in which countries' opportunities to develop depend on their … world. As developing countries become advanced, they further improve the trade prospects for the remaining developing … relative to the transition rate, the world economy converges to widespread prosperity if and only if the proportion of the …

Persistent link: https://www.econbiz.de/10012781955

Who Gains from Trade Reform? Some Remaining Puzzles

Harrison, Ann E.; Hanson, Gordon H. - 2021

This paper focuses on three unresolved issues with regard to the impact of trade reform. First, many studies linking trade reform to long run growth are surprisingly fragile. To illustrate the problems with this literature, we examine a popular measure of openness recently introduced by Sachs...

Persistent link: https://www.econbiz.de/10013226555

Trade Policy and Economic Growth : a Skeptic'S Guide to Cross-National Evidence

Rodriguez, Francisco; Rodrik, Dani - 2021

Do countries with lower policy-induced barriers to international trade grow faster, once other relevant country characteristics are controlled for? There exists a large empirical literature providing an affirmative answer to this question. We argue that methodological problems with the empirical...

Persistent link: https://www.econbiz.de/10013229058