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The Direct and Indirect Effects of Financial Development on International Trade : Evidence from the CEEC-6

Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2021

This paper analyses the relationship between international trade and financial development in six EU members from Central and Eastern Europe (CEEC-6) using dynamic panel data approaches, specifically the system Generalized Method of Moments (GMM) and pooled mean group (PMG) estimators. The...

Persistent link: https://www.econbiz.de/10013315285

The COVID-19 Pandemic and European Trade Patterns : A Sectoral Analysis

Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2022

This paper examines how the Covid-19 pandemic affected European trade patterns. Specifically, dynamic panel data models are estimated to assess the effects on exports and imports of various sectors and products (selected on the basis of their trading volume or strategic importance) of the...

Persistent link: https://www.econbiz.de/10014241202

The COVID-19 Pandemic and European Trade Flows : Evidence from a Dynamic Panel Model

Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2022

This paper investigates the impact of the Covid-19 pandemic on trade flows in the case of the European countries. First, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period (2019M1-2021M12); then, the GMM and PCSE approaches are...

Persistent link: https://www.econbiz.de/10014080051

The sustainability of empire in global perspective: The role of international trade patterns

Bonfatti, Roberto - 2012

European empires had two key economic aspects: the extraction of colonial wealth by colonizers, and the relevance of trade for the colonial economies. I build a simple model of decolonization that puts these two elements at centre stage. By controlling policy in the colony, the mother country...

Persistent link: https://www.econbiz.de/10010283599

Arming in the Global Economy : The Importance of Trade with Enemies and Friends

Garfinkel, Michelle R. - 2019

We analyze how trade openness matters for interstate conflict over productive resources. Our analysis features a terms …, greater trade openness brings with it a reduction in resources diverted to conflict and thus wasted, as well as the familiar … with a third (friendly) country, a move from autarky to trade intensifies conflict between the two adversaries, inducing …

Persistent link: https://www.econbiz.de/10012892081

International Trade and Stable Resolutions of Resource Disputes

Garfinkel, Michelle R.; Syropoulos, Constantinos - 2022

We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset ﬁrst arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states’ military capacities, but...

Persistent link: https://www.econbiz.de/10014243081