This paper identifies some of the main determinants of exports and economic growth in cross-sectional data from the World Bank, covering 160 countries in the pe

This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error co

This paper discusses effects of inflation on economic development. A mild inflation may well encourage little, or no, evasion of the “inflation tax.” On the

The global economy is at a critical juncture today. According to the International Monetary Fund's latest World Economic Outlook, global gross domestic product

Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This pap