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We present an economic rationale for countries resorting to foreign influence to export their ideology to other nations. Our model incorporates two fundamental elements: redistribution of the tax burden between capital owners and workers, and international capital mobility. The model highlights...
Persistent link: https://www.econbiz.de/10014322786
This paper develops a framework to study the interplay between world trade and interest rates. The model incorporates … the response of the volume of world trade to changes in the interest rate into four components: (i) a labor productivity …
Persistent link: https://www.econbiz.de/10013537738
We use Chinese customs data to show that unofficial non-tariff barriers were responsible for 50\% of the overall reduction in Chinese imports from the U.S. during the height of the U.S.-China trade war in 2018 and 2019. We infer non-tariff barriers from the change in imports of U.S. products...
Persistent link: https://www.econbiz.de/10013361973