This book presents an economic history of international capital mobility in the modern era. It
blends narrative and quantitative methods and connects economic outcomes to the …

East Asia and Russia in 1997–98, and Argentina in 2001–02. Proponents of free trade in
tangible goods have long recognized that its net benefits to countries typically are distributed …

This paper investigates the Granger-causality between exports, imports, and economic
growth in Portugal over the period 1865–1998. The role of the import variable in the …

The OECD Development Centre's 2001-2002 Programme of Work on “Globalisation and
Governance”(G&G) showed that well governed develo** countries tend to benefit from …

This paper presents an analysis of time-series data for the countries in the Summers-Heston
(1991) data set, in an attempt to ascertain the evidence for or against the export-led growth …

This paper discusses a dynamic model that is consistent with the main empirical regularities
of economic fluctuations in open economies. While other models in this class have relied on …

This paper examines the labor market effect of the retornados who immigrated to Portugal
from Angola and Mozambique in the mid-1970s following Portugal's loss of its African …

What determines sovereign risk? We study the London bond market from the 1870s to the
1930s. Our findings support conventional wisdom concerning the low credibility of the …

In this paper a new set of current price estimates of per capita income, adjusted for each
currency's purchasing power, is presented for a sample of mainly OECD countries during …

Economic historians have perennially addressed the intriguing question of comparative
development, asking why some countries develop much faster and further than others …