Trade liberalization is often the core attention of foreign economic strategies in developing countries. Findings in the literature confirm a significant effect of free trade on developing economies through which the economic sectors benefit from technology transfer and spillovers and increasing production capacities and input productivity leading to international competitiveness. On the other...

Faiz Bilquees Tahir Mukhtar The study explores the causal relationship among export instability, income terms of trade instability and economic growth in India. By using the cointegration test and the vector error correction model for the period 1960 to 2008, the study demonstrates that there exists a long run equilibrium relationship among export instability, income terms of trade instability,...

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...

despite the mythology that the global economy with its trade rules creates a ‘level playing field,’ international trade has never involved ‘level players.’ the inequalities in outcomes generated by the more powerful winning more frequently has led to innovative ideas for ex post redistribution to make the matches between the players both fairer, and in the analogy to basketball used by the auth...

â  â â â â â  â  â  abstract: â  there is a significant relationship between economic growth and the degree of urban concentration, as measured by primacy or the share of the largest city in an urban system. in accordance to urban economic theories, there is an inverse-u shape relationship between urban concentration –urban primacy- and economic growth. that is, as economy grows, urban concen...