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4 déc. 2014 economy level a negative effect on productivity growth is found one year ... stringency might have economic effects

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The empirics of trade and growth: where are the policy recommendations? Abstract Existing literature repeatedly documented a strong correlation between trade and growth It has also shown a causal e?ect of imports (though not necessarily exports) on growth in simultaneous equation models but to a lesser extent in Granger-causality tests

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Tightly linked to quantitative trade models being used for counterfactuals (e g computing gains from industrial policy) Costs: Silent on micro mechanisms Can’t study micro aspects of counterfactuals MIT 14 582 (Costinot and Donaldson) Trade and Growth (Empirics I) Spring 2018 (lecture 23)12 / 51