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Border effects without borders : what divides Japan's Internal Trade?

Wrona, Jens - 2018

This paper identifies a "border" effect in the absence of a border. The finding that trade between East- and West-Japan … contemporaneous structure of Japan’s business and social networks, rather than cultural differences, induced by long …

Persistent link: https://www.econbiz.de/10011853219

FDI, trade integration and the border effect : evidence from the European Union

Martínez-San Román, Valeriano; Bengoa, Marta; … - 2014

This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern - horizontal versus vertica l- within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade...

Persistent link: https://www.econbiz.de/10010371905

Do trade agreements stimulate international trade differently? : evidence from 296 trade agreements

Kohl, Tristan; Brakman, Steven; Garretsen, Harry - 2013 - This version, April 2013

In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was questionable. This finding has been scrutinized and modified in subsequent research, using different datasets, econometric methods and separating the WTO from other forms of trade...

Persistent link: https://www.econbiz.de/10009743775

Goods and factor market integration : a quantitative assessment of the EU enlargement

Caliendo, Lorenzo; Opromolla, Luca David; Parro, Fernando; … - 2017

The economic effects from labor market integration are crucially affected by the extent to which countries are open to trade. In this paper we build a multi-country dynamic general equilibrium model with trade in goods and labor mobility across countries to study and quantify the economic...

Persistent link: https://www.econbiz.de/10011704526

Arming in the global economy : the importance of trade with enemies and friends

Garfinkel, Michelle Robin; Syropoulos, Constantinos; … - 2019 - Current version: December 10, 2018

We analyze how trade openness matters for interstate conflict over productive resources. Our analysis features a terms-of-trade channel that makes security policies trade-regime dependent. Specifically, trade between two adversaries reduces each one's incentive to arm given the opponent's...

Persistent link: https://www.econbiz.de/10011966909

Estimating border effects : the impact of spatial aggregation

Coughlin, Cletus Charles; Novy, Dennis - 2016

Trade data are typically reported at the level of regions or countries and are therefore aggregates across space. In this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which initially symmetric micro regions are combined to form...

Persistent link: https://www.econbiz.de/10011458028

Macroeconomic effects of disruptions in global food commodity markets : evidence for the United States

De Winne, Jasmien; Peersman, Gert - 2016

We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...

Persistent link: https://www.econbiz.de/10011565633

The macroeconomic policy challenges of balance sheet recession : lessons from Japan for the European crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

Persistent link: https://www.econbiz.de/10009743745

Trust in public institutions over the business cycle

Stevenson, Betsey; Wolfers, Justin - 2011

We document that trust in public institutions - and particularly trust in banks, business and government - has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...

Persistent link: https://www.econbiz.de/10009011131

Will stability last?

Martin, Will (contributor); Rowthorn, Bob (contributor) - 2004

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic …

Persistent link: https://www.econbiz.de/10002521030

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