The fairly widespread view on the positive association between trade openness and income has been debated over the years due to serious estimation flaws prevailing in the cross-country empirical literature. This paper contributes to this debate by re-examining the long-run relationship between...

The positive association between trade openness and income has been debated over years due to serious estimation flaws prevailing in the cross-country empirical trade literature. The present paper contributes to this debate by re-examining the long-run relationship between trade openness and...

This report assesses the future impact of two dynamically transforming economies – China and India – on Russia’s economy. China is slowing down and rebalancing its economy whereas India is rapidly expanding. What does this hold for Russia? The report begins with a snapshot of findings,...