There is a growing literature that investigates the effect of trade liberalization on productivity. Nearly all such studies assume that trade policy is determined independently of productivity, hence it is exogenous. The author shows that this assumption is not valid in general, both...

There has been an explosion in the number of preferential trade agreements in the past decade. Preferential trade agreements are characterized by liberalization with respect to only a few partners and thus they can potentially clash with and retard multilateral trade liberalization. Despite this...

This paper updates the Demirguç-Kunt and Sobaci (2001) cross-country deposit insurance database and extends it in several important dimensions. This new data set identifies both recent adopters and the ones that were not covered earlier due to a lack of data. Moreover, for the first time, it...

There is a growing literature that investigates the effect of trade liberalization on productivity. Nearly all such studies assume that trade policy is determined independently of productivity, hence it is exogenous. The author shows that this assumption is not valid in general, both...

This paper updates the Demirguc-Kunt and Sobaci (2001) cross-country deposit insurance database and extends it in several important dimensions. This new dataset identifies both recent adopters and the ones that were not covered earlier due to a lack of data. Moreover, for the first time, it...

South Korea has experienced a great U-turn in its inequality trends during the past few decades. In this paper, we explore the role of international trade in its wage inequality dynamics over the 1998-2012 period, using a unique household panel survey. Our analysis reveals that most of the...

Two of the most important trade policy developments to take place since the 1980s are the expansion of preferential trade agreements and temporary trade barriers, such as antidumping, safeguards, and countervailing duties. Despite the empirical importance of preferential trade agreements and...

Access to finance is essential for a successful development and growth of the private sector. In the absence of finance, enterprises cannot develop, innovate, and compete with other firms in other countries which offer more favorable access to finance. This paper makes use of the Enterprise...

This paper analyzes the international trade relations of the United States, Canada, and Mexico with the Trans-Pacific Partnership (TPP) member countries currently and historically in order to provide insights for TPP's future effects provided it potentially comes into force. Using a gravity...