This study investigates the impact of openness on human capital in 112 countries worldwide in 2000-2019. An two-stage least square fixed-effect model with instrumental variables is used to unravel the complicated relationship between human capital and its key determinants. The empirical results...

This study aims to identify the need for ambiguity as a result of mixed and contradictory suggestions of the trade agreement and capital liberalisation on a country’s welfare. Using more comprehensive datasets on inflow and outflow capital control, we find significant and mixed capital control...

This paper empirically investigates the effect of the EU-South Korea free trade agreement (FTA) on manufacturing trade flows. By applying a state-of-the-art structural gravity model with intranational (i.e., domestic) trade and using disaggregated data, we quantify both the trade impact and the...

This paper examines the regulatory similarity between APEC economies by NTM types and sectors. We calculate the regulatory distance proposed by Cadot et al. (2015) and identify which industries or NTM type needs further cooperation through the Free Trade Area of Asia-Pacific (FTAAP). We refer to...

We leverage a unique dataset at the municipality level in Italy to examine the factors that drive support for two separate referendum campaigns - one on the decriminalization of cannabis cultivation and the other on physician-assisted suicide. Using machine learning techniques, we identify key...

Recent studies have found that tariff reductions on imported intermediate inputs are associated with increased firm level productivity and higher wages. Nevertheless, little is known about the impact on firm level employment in developing economies. Using establishment and industry tariff level...

Although the extant literature on agricultural trade analyzes the effects of various factors on agricultural trade, only a limited number of studies focus on the role of institutional quality and institutional quality distance on agricultural trade particularly between developing countries...

Purpose – Recently, trade openness has expanded in the world level as well as high trade dependent countries like Korea. In turn, a rise of trade openness is expected to affect on the tourism industry. This study investigates the causal relationship between trade openness, outbound tourism...