Trade and Unemployment: What Do the Data Say? This paper documents a robust empirical regularity: in the long-run, higher trade openness is causally associated to a lower structural rate of unemployment. We establish this fact using: (i) panel data from 20 OECD countries, (ii) cross-sectional data on a larger set of countries. The time structure of the panel data allows us to deal with endogene...

This study is an empirical attempt to find out whether under sanctions Iran’s trade direction has shifted away from Europe (trade policy of de-Europeanization) towards Asia (trade policy of Asianization). The analysis is conducted using a panel-gravity trade model to analyze bilateral trade pattern between Iran and 50 countries from the EU and Asia during the period 2006–2013. To this end, the ...

The study investigates how openness influences information and communication technology (ICT) penetration for improved government quality in sub-Saharan Africa for the period 2000-2012. Openness is measured in terms of trade and financial globalisation whereas ICT is proxied with mobile phone and internet penetration rates. Ten bundled and unbundled governance indicators are used. The empirical...

We estimate the relationship between productivity and trade for a panel of countries over the period 1980 to 2000 using instrumental-variables estimation of a productivity equation. We note that some estimates of productivity gains attributed to trade capture instead the roles of institutions and geography. The endogeneity of trade and institutional quality is accounted for by using instruments...

Boschen and Weise (Journal of Money, Credit and Banking, 2003) model the probability of a large upturn in in‡ation. We extend their work to show that openness to trade exerts a negative e¤ect on the probability of such an event. Keywords: In‡ation starts, trade openness. JEL classi…cation: E31, F41.

One of the most remarkable features of globalization is the fact that advances in technology have contributed to reducing the cost of trade (e.g., transportation and communication costs), and thus boosted international trade. Under these circumstances, the importance of distance should have diminished over time, which would constitute a boon for countries located far from the main centers of ec...

the increase of greenhouse gases (ghg) in which co2 emissions constitute the principal component, is of major environmental problems of all societies. economic growth impels intensive use of resources and as a result, more residues and wastes thrown in the nature that could lead to environmental degradation. this article tries to trace the eventual relationship between trade openness and enviro...