Income and wealth inequality rose over the first 150 years of U.S. history. They may have risen at times in Britain before 1875. The first half of this century equalized pre-fisc incomes more in Britain than in America. From the 1970s to the 1990s inequality rose in both countries, reversing...

China is a success story of inclusive trade growth as a result of its participation in Global Value Chains (GVCs). It is in transition from a processing and assembly hub towards an innovation centre, and is becoming a regional supplier of research and development (R&D) intensive parts and...

Using detailed Chinese Customs data, this paper prepares a series of graphs to illustrate the changing patterns of the Chinese foreign trade during the years 1995 and 2004. Combined with discussions on related literature and policy development during the same period, the graphs are organized (1)...

By applying panel estimation models to Chinese provincial level data for 1993-2008, this paper examine the impacts of China's coastal foreign direct investment (FDI) and exports on its inland regions. The results show that coastal FDI has overall positive interregional impacts, while coastal...

This paper develops a mathematicla programming model to reconcile trade statistics subject to a set of global consistency conditions in the presence of an entrepot. Initial data reliability serves a key function for governing the magnitude of adjustment. Through a two-stage optimization...