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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/10014262950

Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...

Persistent link: https://www.econbiz.de/10012822505

The Global Sanctions Data Base – Release 3 : COVID-19, Russia, and Multilateral Sanctions

Syropoulos, Constantinos; Felbermayr, Gabriel J.; … - 2022

This paper introduces the third update/release of the Global Sanctions Data Base (GSDB-R3). The GSDB-R3 extends the period of coverage from 1950-2019 to 1950-2022, which includes two special periods – COVID-19 and the war between Russia and Ukraine. The new update of the GSDB contains a total...

Persistent link: https://www.econbiz.de/10014241203

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-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/10012892081

On the Effects of Sanctions on Trade and Welfare : New Evidence Based on Structural Gravity and a New Database

Felbermayr, Gabriel J. - 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/10012866418

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/10013246911

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

Trade, Insecurity, and the Costs of Conflict

Garfinkel, Michelle R.; 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/10014243087

International trade and transnational insecurity : how comparative advantage and power are jointly determined

Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2009

stronger tendency for arming incentives to be equalized and thus for a leveling of the playing field." Depending on world …. And, where such conflict is present, comparisons of autarkic prices to world prices could be inaccurate predictors of …

Persistent link: https://www.econbiz.de/10010273813

Globalization and domestic conflict

Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2005

We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a …

Persistent link: https://www.econbiz.de/10010261309