Abstract This paper estimates the effect on innovation of increased market access facilitated by trade liberalization. We use a novel empirical design that exploits tariff cuts during 1990s, along with detailed data among firms from 65 countries. Our results reveal large as measured patent data, suggesting multilateral liberalization has promoted and growth. These effects are not driven deterio...

How do changes in the market architecture affect the dynamics of deregulated electricity prices? We investigate this issue in the context of the Italian Power Exchange (IPEX), using data on the daily average day-ahead price (PUN) between April 2004 and December 2008. Estimates of baseline time series models (ARMAX and ARMAX-EGARCH) and their forecasting performances suggest that the trend in na...

Improving farmers’ access to markets is widely recognized as a major development challenge. A review of the literature suggests that indicators of market access may bear little relationship to the specific processes of interest and hence provide misguided evidence of the impacts of improved market access. This paper attempts to “unpack” the dimensions of market access and, in the process, uses...