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percent. 2 And the growth of world trade during thisperiod far exceeded the expansion of world output. Growth rates of …
Persistent link: https://www.econbiz.de/10005870594
This paper documents a robust empirical regularity: in the long-run, higher trade openness iscausally associated to a … within-country trade. Our main findingis robust to various definitions of unemployment rates and openness measures …. Thepreferred specification suggests that a 10 percent increase in total trade openness reducesunemployment by about one percentage …
Persistent link: https://www.econbiz.de/10009360638
The decline in unskilled workers’ real wagesduring the 1980s in the United States andthe increase in their unemployment inEurope (due to the comparative inflexibilityof European labor markets vis-à-vis those in the UnitedStates)1 have prompted a search for possible explanations.This search...
Persistent link: https://www.econbiz.de/10005870363
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whole surplus, leaving the peasants immiserated. Trade was sterile in that it was state inspired, and required to meet the …
Persistent link: https://www.econbiz.de/10005870823
application of agency theory to long-distance trade. This analysis explores an area not accounted for in the literature on French …
Persistent link: https://www.econbiz.de/10005870826
This paper examines the economic organization of the trans-Saharan slave trade between the fourteenth and the …. The commercial framework of this trade was integrated into ethnic, cultural, and religious systems, yet for its efficient … limit cooperation problems. This demonstrates that the organization of the trans-Saharan slave trade was economically …
Persistent link: https://www.econbiz.de/10005870829
realize enhanced gains from trade also depended upon the political status of regional economies operating and interacting … (through trade in commodities, capital flows, labour migration and the diffusion of useful knowledge) within a global economy …
Persistent link: https://www.econbiz.de/10005870836
.Yet even as this orthodoxy seemed to become embedded in a public policy of free trade and minimal government in the 1840s …
Persistent link: https://www.econbiz.de/10005870941