| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5058 |
| DP5058 Refugees, Asylum Seekers and Policy in Europe | |
| Timothy Hatton; Jeffrey G. Williamson | |
| 发表日期 | 2005-05-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Most countries in the periphery specialized in the export of just a handful of primary products for most of their history. Some of these commodities have been more volatile than others, and those with more volatile prices have grown slowly relative both to the industrial leaders and to other primary product exporters. This fact helps explain the growth puzzle noted by Easterly, Kremer, Pritchett and Summers more than a decade ago: that the contending fundamental determinants of growth - institutions, geography and culture - exhibit far more persistence than do the growth rates they are supposed to explain. Using a new panel database for 35 countries, this paper estimates the impact of terms of trade volatility and secular change on country performance between 1870 and 1939. Volatility was much more important for accumulation and growth than was secular change. Additionally, both effects were asymmetric between Core and Periphery, findings that speak directly to the terms of trade debates that have raged since Prebisch and Singer wrote more than 50 years ago. The paper also investigates one channel of impact, and finds that foreign capital inflows declined steeply where commodity prices were volatile. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Terms of trade Volatility Growth Periphery |
| URL | https://cepr.org/publications/dp5058 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533955 |
| 推荐引用方式 GB/T 7714 | Timothy Hatton,Jeffrey G. Williamson. DP5058 Refugees, Asylum Seekers and Policy in Europe. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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