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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/10012461634

Global Trade and the Maritime Transport Revolution

Jacks, David S. - 2008

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/10012464507

Fooling Ourselves : Evaluating the Globalization and Growth Debate

Hallak, Juan Carlos - 2004

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/10012468449

Trade, Growth and the Environment

Copeland, Brian R. - 2003

, 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/10012468875

Trade Liberalization and Growth : New Evidence

Wacziarg, Romain - 2003

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/10012468542

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

Estevadeordal, Antoni - 2008

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 "getting policies right" is wrong or infeasible,...

Persistent link: https://www.econbiz.de/10012464385

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/10012466631

Trade and Growth : An Empirical Investigation

Frankel, Jeffrey A. - 1996

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/10012473383

Who Gains from Trade Reform? Some Remaining Puzzles

Harrison, Ann - 1999

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/10012471896

The Trade Reform Wave of 1985-1995

Irwin, Douglas A. - National Bureau of Economic Research - 2022

The decade from 1985 to 1995 was an unprecedented period of declining barriers to global trade. The reform wave was especially pronounced in developing countries where overvalued currencies were eliminated, quantitative import restrictions dismantled, and import tariffs reduced. What accounts...

Persistent link: https://www.econbiz.de/10013191068