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The typical narrative regarding the evolution of world trade prior to World War II refers to a secular rise that … pronounced rise and fall of world trade over this period with trade shares being on average 32% higher than previously documented … and the world's level of openness to trade in 1913 being comparable to that in 1974. In addition, performing a similar …
Persistent link: https://www.econbiz.de/10015232547
The post-World War II reconstruction of global trade and foreign direct investment (FDI) has been a significant topic … relationship between Australia and Japan from the immediate post-World War II phase through Australia’s neo-liberal trade policy … phase. The post-World War II relationship began in the 1950s, and grew during the Cold War years, the end of which has …
Persistent link: https://www.econbiz.de/10015215084
convergence in incomes within the Atlantic economy in the late nineteenth century. Britain was at the apex of the world economy …
Persistent link: https://www.econbiz.de/10015265970
An influential literature in early modern economic history uses “distance from” as an instrumental or a control variable. I show that “distance from Wittenberg” and “distance from Mainz,” two prominent instruments for the adoption of Protestantism and printing technology, have...
Persistent link: https://www.econbiz.de/10015270615
the purpose of this paper. It examines the period before World War II and the emergence of the dollar on the world stage …
Persistent link: https://www.econbiz.de/10015213888
In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...
Persistent link: https://www.econbiz.de/10015220291
This paper studies the effect of trade openness on output volatility. We find that trade openness generally increased output volatility, although this effect was stronger and more significant during 1950-1975 than during 1975-2000. However, if we split the sample into developed and developing...
Persistent link: https://www.econbiz.de/10015224810
Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to...
Persistent link: https://www.econbiz.de/10015258958
The aim of this work is to estimate the relationship between tariff barriers and trade growth at the world level … for over 60 per cent of world trade of the entire period) for the 1870-2000 time span. Using times series and panel data … analyses the author shows as the existence of a long run relationship between tariffs reduction and trade growth at the world …
Persistent link: https://www.econbiz.de/10015247679
The purpose of this paper is to empirically examine the contribution of trade liberalisation to differences in the level of prosperity across nations. We compare this with the relative contribution of institutional capacity to prosperity, as well as the role of human capital accumulation in that...
Persistent link: https://www.econbiz.de/10015226005