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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

Trade interdependence, arming and the choice between war and peace

Garfinkel, Michelle Robin; Syropoulos, Constantinos - 2025 - Current Version: March 29, 2025

We consider a dynamic setting where two countries with competing claims to a resource/asset first arm and then choose whether to resolve their dispute through war or peacefully through settlement. War precludes international trade and can be destructive, but also locks gains and eliminates...

Persistent link: https://www.econbiz.de/10015371932

Multimarket linkages, cartel discipline and trade costs

Agnosteva, Delina; Syropoulos, Constantinos; Yotov, Yoto V. - 2017

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....

Persistent link: https://www.econbiz.de/10011781965

Global innovation contests

Dinopoulos, Elias; Syropoulos, Constantinos; … - 2023

outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world equilibrium, leads to … globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through … convergence of wages and growth rates. Globalization and long-run growth are either substitutes or complements depending on a …

Persistent link: https://www.econbiz.de/10013494330

Do sanctions affect growth?

Kwon, Ohyun; Syropoulos, Constantinos; Yotov, Yoto - 2022

Direct measures of the economic impact of sanctions are contaminated by the endogeneity that arises when other events in target countries (e.g., civil or interstate conflicts, political independence, etc.) instigate the imposition of sanctions. To address this issue, we propose a novel...

Persistent link: https://www.econbiz.de/10013284882

On the effects of sanctions on trade and welfare : new evidence based on structural gravity and a new database

Felbermayr, Gabriel; Syropoulos, Constantinos; Yalçin, … - 2019

Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade and welfare. We make use of the rich dimensionality of our data and of the latest developments in the structural gravity literature. Starting with a broad evaluation by sanction...

Persistent link: https://www.econbiz.de/10012031035

Quantifying the impact of economic sanctions on international trade in the energy and mining sectors

Larch, Mario; Shikher, Serge; Syropoulos, Constantinos; … - 2021

Capitalizing on the latest developments in the gravity literature, we utilize two new datasets on sanctions and trade to study the impact of economic sanctions on international trade in the mining sector, which includes oil and natural gas. We demonstrate that the gravity equation is well suited...

Persistent link: https://www.econbiz.de/10012428959

The extraterritorial effects of sanctions

Kwon, Ohyun; Syropoulos, Constantinos; Yotov, Yoto - 2022

We provide quantitative evidence that the primary effects of economic sanctions on trade and welfare are accompanied by strong extraterritorial effects — estimates of the former effects may be significantly biased if the latter effects are not taken into account. Furthermore, while the...

Persistent link: https://www.econbiz.de/10012817920

Output insecurity and ownership disputes as barriers to technology diffusion

Camacho, Oscar; Garfinkel, Michelle Robin; Syropoulos, … - 2022

This paper examines both the desirability and feasibility of technology transfers in a setting where institutions governing the security of output or income are imperfect. Based on a guns-versus-butter model involving two countries (a technology leader and a technology laggard), our analysis...

Persistent link: https://www.econbiz.de/10013418896

Trade, insecurity, and the costs of conflict

Garfinkel, Michelle Robin; Skaperdas, Stergios; … - 2022

Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...

Persistent link: https://www.econbiz.de/10013419262