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This article explores the impact of language proficiency on international trade by using panel data analysis. To do so, we construct a time-variant test-score-based measure of common language. Controlling for the standard gravity model variables, we find strong empirical evidence that English...
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Unlike the average trade effect estimation of foreign aid in previous studies, this paper explores the trade effect evolution of foreign aid and provides some explanations for it by employing a two-step methodology. By using a varying-coefficient panel data model and control for the impact of...
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