Trade and Income in the Long Run: Are There Really Gains, and Are They Widely Shared?

Trade and Income in the Long Run: Are There Really Gains, and Are They Widely Shared?
In the cross section of countries, there is a strong positive correlation between trade and income, and a negative relationship between trade and inequality. Does this reflect a causal relationship? We adopt the Frankel and Romer (1999) identification strategy, and exploit countries' exogenous geographic characteristics to estimate the causal... READ MORE...

Publication date: November 2017
ISBN 9781484324851
$18.00

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