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We investigate the event-based geopolitical shocks from the Russian invasion of Ukraine on selected agricultural and energy commodities using daily event-based structural vector autoregression (SVAR). We find that the geopolitical shock affects the markets of wheat (3%) and European natural gas...
Persistent link: https://www.econbiz.de/10014447271
compares the actual performance of markets in Europe and China, two regions of the world that were relatively advanced in the … and by the 18th century the scope of economic activity was far larger than in other parts of the world. This paper … for about two-fifths of the world's population in the mid-18th century, and it considers some three centuries of data. Our …
Persistent link: https://www.econbiz.de/10012467912
and compare capital market development in Britain and China. Interest rates for Britain were lower than China's on average … are twice those of the Delta, and three or more times as high as elsewhere in China. Overall, our results suggest capital …
Persistent link: https://www.econbiz.de/10012457319
Large and regular seasonal price fluctuations in local grain markets appear to offer African farmers substantial inter-temporal arbitrage opportunities, but these opportunities remain largely unexploited: small-scale farmers are commonly observed to "sell low and buy high" rather than the...
Persistent link: https://www.econbiz.de/10012453239
This paper evaluates an approach popularized by McCloskey and Nash (1984) that exploits the fact that grain prices provide information on interest rates. While the grain price approach enables a comparative analysis of capital market development across pre-modern economies and has been applied...
Persistent link: https://www.econbiz.de/10012453326
produces roughly 40% of the world's corn. A heat wave in July adversely affected corn production. We extend earlier statistical …
Persistent link: https://www.econbiz.de/10012460001
in demand for new research and a corresponding increase in the use of preprint platforms around the world. We find that ….S. institutions receive more attention, than preprints with authors from the rest of the world. In an exploration of potential …
Persistent link: https://www.econbiz.de/10014337798
China. First, China has a comparative advantage in this technology. It is substantially more likely to export surveillance … democracies are more likely to import surveillance AI from China. This bias is not observed in AI imports from the US or in … imports of other frontier technologies from China. Third, autocracies and weak democracies are especially more likely to …
Persistent link: https://www.econbiz.de/10014372433
-based measures. Examples from countries around the world illustrate the role of political and policy developments as drivers of … market volatility since March 2018, when U.S.-China tensions began to escalate. Lastly, I offer remarks on the interplay …
Persistent link: https://www.econbiz.de/10012480187
matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese … production stages conducted in China over the 1992-2014 period, both in the aggregate and within firms over time. Firms span more …
Persistent link: https://www.econbiz.de/10012481098