Trade openness can reduce inflation volatility through limiting recourse to seigniorage during periods of temporary fiscal deficits, and by shifting consumption and production towards goods for which the terms of trade are relatively stable. This paper provides evidence for a negative effect of openness on inflation volatility using a dynamic panel model that controls for the endogeneity of ope...

Abstract. Openness to international trade and adopting stringent antitrust laws are both ways that countries can curb anticompetitive behavior. But scholars have long debated the relationship between these two tools. Some have argued that greater trade openness makes antitrust unnecessary, while others have argued that antitrust laws are still needed to realize the benefits of trade liberalizat...

This paper explores the effects of general and agricultural trade openness on economic freedom and alongside with the quality of institutions, on income and poverty. Recent cross-country data for over 200 nations in global regions were used to estimate equations for income, poverty and economic freedom. Economic freedom appears to have positive impacts on income levels, which together with good...

abstract the objective of this study is to investigate the long run and short run interactions between agricultural trade liberalization and shares of the two sectors of agriculture and services in the total export and import products and services of iran during the years 1961-2008. to figure out interactions, the vector correction model was used. the ratio of the sum of imports and exports to ...

This paper provides an original study into how democratization and globalization in‡uence transnational terrorism — examining the motives of terrorists and how democratic institutions and international integration in‡uence non-state economic actors. We employ a gravity model to investigate the relative importance of globalization and democratization on transnational terrorism and external con‡i...

This paper discusses future directions in global trade analysis from the perspective of the Global Trade Analysis Project (GTAP) network. The first section offers a projection of where the GTAP network might be in the year 2010. This is followed by an analysis of the basic drivers of change in global trade analysis. These include: network externalities and the push for greater openness in both ...