We study whether financial openness facilitates the economic integration of formerly centrally planned economies with the EU-15. Two dimensions of economic integration are considered: cross-country convergence of per-capita incomes and bilateral trade in goods and services. We find that more financially open economies effectively catch-up faster and trade more with the EU-15. These integration-...

This paper provides evidence for a significant relation between international financial markets’ integration and output volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country’s financial risk. Financial risk indicates a country’s ability to pay its official, commercial and trade debts. In countries with low financial risk, financial open...

A debate has long existed on the relationships between human population, natural resources, and development. Recent research has expanded this debate to include the impacts of trade; specifically, virtual water trade, or the water footprint of traded commodities. We conduct an empirical analysis of the relationships between virtual water trade, population, and development in Africa. We find tha...

This paper examines the impact of manufacturing import growth on agricultural productivity for a small open economy using a 2× 2 sector endogenous growth model. We show that the increase of import variety share in manufacturing, when there is no trade induced labor reallocation, drives the emergence of a sectoral productivity growth gap: productivity growth in agriculture is lower than in manuf...

FOR TRADE INFORMATION SERVICES ID=39115 2007 F-11 ORG International Trade Centre UNCTAD/WTO Research Institute of Organic Agriculture (FiBL) Organic Farming and Climate Change. Geneva: ITC, 2007. 27 p. Doc. No. MDS-08-152.E Study focusing on organic agriculture and mitigation and adaptation to predictable and unpredictable impacts of climate change looks at the general contribution of agricultu...

CUTS Centre for International Trade, Economics and Environment (CUTS CITEE), Jaipur, organised a National Conference entitled ‘Towards a Coherent Trade and Development Strategy of India’ at the India Habitat Centre, New Delhi on 24-25 July 2008. The event discussed important issues such as the need for mainstreaming international trade into the national development strategy of India, how the co...

At the turn of the last century, the Argentine economy was on a path to prosperity that never fully developed. International trade and trade policies are often identified as a major culprit. In this paper, we review the history of Argentine trade policy to uncover its exceptional features and to explore its contribution to the Argentine debacle. Our analysis tells a story of bad trade policies,...