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According to our analysis, pre-invasion views about the likely course of the Iraq intervention imply present value costs for the United States in the range of $100 to $870 billion. Our estimated present value cost for the containment policy is nearly $300 billion and ranges upward to $700...
Persistent link: https://www.econbiz.de/10012466576
The China (Shanghai) Pilot Free Trade Zone (SPFTZ) founded one year ago is a trial for China's new round of reform and … also make a preliminary assessment of the SPFTZ's initial impacts, especially of its impact on China's capital account … replicated in China will give rise to a more balanced Chinese economy in the following decade …
Persistent link: https://www.econbiz.de/10012457742
Place-based policies commonly target underperforming areas, such as deteriorating downtown business districts and disadvantaged regions. Principal examples include enterprise zones, European Union Structural Funds, and industrial cluster policies. Place-based policies are rationalized by various...
Persistent link: https://www.econbiz.de/10012458615
Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion … between 2000 and 2007, and between Sub-Saharan Africa and China from $7 billion to $59 billion over the same period. China is … now Africa's third largest trading partner behind the EU and the US. The Chinese FDI stock in Africa has grown from $49 …
Persistent link: https://www.econbiz.de/10012464623
In this paper, we examine Hong Kong's role in intermediating trade between China and the rest of the world. Hong Kong … distributes a large fraction of China's exports. Net of customs, insurance, and freight charges, re-exports of Chinese goods are … higher for differentiated products, products with higher variance in export prices, products sent to China for further …
Persistent link: https://www.econbiz.de/10012470641
Institute of Kyushu University) report. It focuses on five important aggregates by gender: Asia, Africa, Latin America, G20, and …
Persistent link: https://www.econbiz.de/10014468276
We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption, incorporating adoption barriers, international technology spillover, and relative price advantages. A higher FDI conversion efficacy, a lower adoption barrier, or a stronger...
Persistent link: https://www.econbiz.de/10014250176
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for...
Persistent link: https://www.econbiz.de/10012464017
We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the … increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we … disaggregate among commodity types and account for the endogeneity of Chinese exports. We confirm the tendency for China's exports …
Persistent link: https://www.econbiz.de/10012467922
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...
Persistent link: https://www.econbiz.de/10012464507