This paper empirically examines the extent to which a country’s economic growth is influenced by the economies of its trading partners. Panel estimation results based on four decades of data for more than 100 countries show that trading partners’ growth has a strong effect on domestic growth, even after controlling for the influence of common global and regional trends. The results are robust t...

Article history: Received 1 April 2010 Received in revised form 3 August 2011 Accepted 4 August 2011 Available online 11 August 2011 This paper uses a tri-variate structural VAR with a long-run identification scheme, akin to the Blanchard and Quah method, to identify external and domestic supply and demand shocks in 22 African countries between 1980 and 2005. Domestic supply shocks are found to...

We investigate which variables have supported growth in the euro area over last 30 years. This is a challenging task due to dimensionality problems: large set of potential determinants, limited data, and prospect that some could be non-stationary. assemble 35 real, financial, monetary, institutional for nine original countries covering period between 1990Q1 2016Q4. Using Weighted-Average Least ...

This paper explores the effect of income inequality on the real exchange rate, through two general equilibrium channels: (i) the aggregation of individual demands derived from non-homothetic preferences; (ii) the workings of Samuelson-Balassa through the effect of inequality on the aggregation of human capital. A variety of effects are possible depending on the sectoral expenditure elasticities...

We estimate productivities at the sector level for 75 countries and 5 decades, and examine how they evolve over time in both developed and developing countries. We find that in both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially at the greater comparative disadvantage. The global welfare implications of this phenom...

We have produced a murine monoclonal antibody (F43 A1D2) that binds to the cell surface of both rat islet tumor cells (RINm clone 5F and RINm clone 14B) and normal rat islet cells. This antibody is cytotoxic in the presence of complement for RIN tumor cells as well as A, B, and D pancreatic polypeptide rat islet cells. Antibody A1D2 does not bind to rat thymus cells, pancreatic acinar cells, or...

We analyze the relative growth performance of open economies in a two-country model where di¤erent endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for …nal manufacturing goods produced by a resource-poor economy. Productivity growth in both countries is driven by endogenous innovations. The e¤ects of a sudden incr...

Many technologies used by the LDCs are developed in the OECD economies and are designed to make optimal use of the skills of these richer countries’ workforces. Differences in the supply of skills create a mismatch between the requirements of these technologies and the skills of LDC workers, and lead to low productivity in the LDCs. Even when all countries have equal access to new technologies,...

In this paper, I analyze a dynamic model of a firm’s joint decisions to export and innovate, allowing both decisions to affect the firm’s production in accordance with selfselection and learning-by-exporting theories of firm-level export and production dynamics. I calibrate the model using Chilean manufacturing plant data from 2005 to 2007 and find that self-selection and learning-by-exporting ...