Simon Wren-Lewis’s chapter in this volume outlines a general theory of austerity. Underpinning it is a desire for policymakers – as well as the social sciences – to learn from the experience of austerity over the last ...

This paper investigates the effects of the U.S.-China trade war on trade diversion and the labor market in a third country, Vietnam. We exploit variation in Vietnamese exports to the U.S. across industries and districts ...

This study combines evidence from interviews in seven countries with (i) government institutions responsible for attracting Foreign Direct Investment (FDI), (ii) 102 multinationals (MNEs), and (iii) 226 domestic firms ...

Resource misallocation has been identified as an important source of aggregate pro- ductivity loss, yet to date there is a notable dearth of studies exploring the nature and extent of misallocation in the agricultural ...

Partial credit guarantee schemes have experienced renewed interest from governments keen to promote financial access for small enterprises, not least as a response to the credit crunch in advanced economies. While the ...

This report examines the different channels through which trade openness (and reforms to achieve it) can affect a country’s food security. The overall conclusion is that trade openness has a positive net impact on food ...

Purpose This paper explores the empirical relationship between population age structure and bilateral trade. Design/methodology/approach The author includes age structure in both log and Poisson pseudo-maximum ...