Since late 2006, biofuel policies have caused high grain/oilseed prices by creating a link between crop and biofuel policies. The value of agricultural trade has increased sharply, mostly because of high prices, not increased trade volume. Biofuel policies have little to do with the agenda of the Doha trade negotiations but have had indirect effects in that production subsidies and import barri...

Anecdotal evidence suggests that trade unions succeed in ameliorating workplace health and safety, but no attempt has been made to link specific workplace injury rates with a respective union presence. Relying on WERS98, this paper establishes a cross-sectional link between trade unions and occupational injury rates, revealing that unions gravitate to accident-prone workplaces and react by redu...

This paper describes the over-the-counter derivatives markets from the point of view of its structure, participants and products. We highlight the current trading venues for OTC equity derivatives, which include the inter-dealer market as well as electronic trading networks. The paper shows that the link between listed stock exchanges, options exchanges and the OTC market provides significant p...

The link between trade and income has received increasing attention as countries try to justify their trade-promoting policies. Recent work of Frankel and Romer (1999) examines the effect of trade on income. We explore how the estimates of the trade effect change when we relax the assumption of heteroscedasticity in the bilateral trade equation used to construct the instrument for the IV regres...

In the fast globalizing world, the combined effect of small market size, weak institutions, low human development, worsening terms of trade, persistent conflict and poor investment climate, pan-African cooperation as enshrined in the African Economic Community and NEPAD has been designated by African governments as the best overall framework for accelerating African development in the 21 centur...

There has been much controversy over the impacts of trade liberalization on poverty. Some have argued that trade liberalizations are beneficial to the poor in developing countries, while others have argued that the gains will be captured more by the non-poor. The policies of trade liberalization in China have reduced the NPRs of some agricultural products, which cut down the welfare of its prod...

This paper investigates the link between domestic income inequality and international trade using a dynamic model of occupational choice. After showing how systematic patterns of comparative advantage arise among countries with no di®erences in their economic fundamentals, I provide two results regarding trade liberalization describing the full transition dynamics. First, international income d...

This paper examines time series evidence to establish a link between trade, economic growth and income inequality in Bangladesh. The empirical results from a Vector Autoregression (VAR) model suggest that there is some evidence of trade liberalization accelerating growth in Bangladesh. Trade openness promotes investment. We find little evidence of trade affecting income distribution or of incom...