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Exporting Ideology : The Right and Left of Foreign Influence

Antràs, Pol; Padró i Miquel, Gerard - National Bureau of Economic Research - 2023

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

Sovereign Default and Tax-smoothing in the Shadow of Corruption and Institutional Weakness

Azzimonti, Marina; Mitra, Nirvana - National Bureau of Economic Research - 2023

Emerging countries exhibit volatile fiscal policies and frequent sovereign debt crises, that significantly diminish the well-being of their citizens. International advisors typically suggest developed-world solutions as a remedy. We argue that the root of the problem lies in the institutional...

Persistent link: https://www.econbiz.de/10014447264

The Fiscal Burden of Korean Reunification : A Generational Accounting Approach

Auerbach, Alan J. - 2004

This paper uses Generational Accounting to assess the fiscal impacts of Korean reunification. Our findings suggest that early reunification will result in a large increase in the fiscal burden for most current and future generations of South Koreans. The Korean reunification's fiscal impact...

Persistent link: https://www.econbiz.de/10012467998

Fighting Communism Supporting Collusion

Galiani, Sebastián; Paz y Miño, José Manuel; … - National Bureau of Economic Research - 2022

We develop a simple model to explain why a powerful importer country like the United States may provide political support for international collusive agreements concerning certain commodities (e.g., coffee). This behavior raises questions due to the fact that an importer country should have...

Persistent link: https://www.econbiz.de/10013334385

The Economic Approach to Political Borders

Spolaore, Enrico - National Bureau of Economic Research - 2022

This paper overviews theoretical and empirical studies of political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public policies as...

Persistent link: https://www.econbiz.de/10013477293

Why Does the Folk Theorem Do Not Seem to Work When It Is Mostly Needed?

Caro-Burnett, Johann; Galiani, Sebastián; Torrens, Gustavo - National Bureau of Economic Research - 2023

In International Relations the canonical model of inter-estate interactions is a one-shot security competition game. The model has the structure of a prisoners dilemma, which results in an equilibrium with two sources of inefficiency: excessive arming and possibly the destruction associated with...

Persistent link: https://www.econbiz.de/10014322731

A Framework for Geoeconomics

Clayton, Christopher; Maggiori, Matteo; Schreger, Jesse - National Bureau of Economic Research - 2023

Governments use their countries' economic strength from existing financial and trade relationships to achieve geopolitical and economic goals. We refer to this practice as geoeconomics. We build a framework based on three core ingredients: input output linkages, limited contract enforceability,...

Persistent link: https://www.econbiz.de/10014436983

International Trade and Macroeconomic Dynamics with Sanctions

Ghironi, Fabio; Kim, Daisoon; Ozhan, G. Kemal - National Bureau of Economic Research - 2024

We study international trade and macroeconomic dynamics triggered by the imposition of sanctions. We begin with a … consumption goods and a commodity (e.g., gas), respectively. Home imposes sanctions on Foreign. Financial sanctions exclude a … fraction of Foreign agents from the international bond market. Gas sanctions take the form of a ban on gas trade, equivalent to …

Persistent link: https://www.econbiz.de/10014512042

The Golden Revolving Door

Cen, Ling; Cohen, Lauren; Wu, Jing; Zhang, Fan - National Bureau of Economic Research - 2024

significantly decreases their trade with these jurisdictions following sanctions, government-linked firms show a marked contrast. In … sanctions. The increase is large - roughly 33% (t=4.01). We find no increase broadly to other countries (even countries in the …

Persistent link: https://www.econbiz.de/10014576650

Private Sanctions

Hart, Oliver D.; Thesmar, David; Zingales, Luigi - National Bureau of Economic Research - 2022

We survey a representative sample of the U.S. population to understand stakeholders' desire to see their firms exit Russia after the invasion of Ukraine. 61% of respondents think that firms should exit Russia, regardless of the consequences. Only 37% think that leaving Russia is a purely...

Persistent link: https://www.econbiz.de/10013477220