"The paper develops a metric of structural transformation that can account for the production of new varieties of goods embodying advancements in technological know-how and design. Our measure captures the dynamics of an economy's transformation and can be viewed as an extension of Hausmann and...

The gains to developing countries from agricultural reform in developed countries is found to benefit most, even the net food importers, although the gains vary depending on a country's trade pattern. This results because the agricultural policy of a small number of developed countries cause the...

This study focuses on the possible impact of the MFA phase-out on the world economy. Starting from analyzing trends in world textile and apparel trade, the study found that the developing countries were a growing factor in world T&A trade in recent decades. Moreover, using trade data from 91...

The question whether production flexibility payments to farmers are likely to be minimally trade distorting is considered in an inter-temporal and economy wide context. Our contribution lies in showing the circumstances, over time, under which a minimally trade distorting result is likely to...

Continued industrialization in China and increase in its agricultural productivity imply that surplus rural workers will to be attracted into non-agricultural production activities and, consequently, will have the opportunity to increase their off-farm income. Studying the structure of the rural...