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Road Capacity, Domestic Trade and Regional Outcomes
Coşar, Kerem; Demir, Banu; Ghose, Devaki; Young, Nathaniel - 2021
What is the impact on intra-national trade and regional economic outcomes when the quality and lane-capacity of an existing paved road network is expanded significantly? We investigate this question for the case of Turkey, which undertook a large-scale public investment in roads during the...
Persistent link: https://www.econbiz.de/10013211730
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China's Overinvestment and International Trade Conflict
Schnabl, Gunther - 2019
For a long time, China's impressive growth performance has been driven by investment and high productivity gains. Based … on the recent discussion on possible overcapacities and overinvestment in China, the paper investigates the … sustainability of China's investment- and export-driven growth model. It is shown that since the turn of the millennium buoyant …
Persistent link: https://www.econbiz.de/10012866404
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On the Preferred Creditor Status of Multilateral Development Banks
Amegashie, J. Atsu - 2023
The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring …
Persistent link: https://www.econbiz.de/10014347019
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The Brexit Conundrum Worsens the UK's Relationship with the European Union
Ryan, John T - 2019
This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister Theresa May's weak political leadership. The Prime Minister focused on securing the short-term political survival of her government amidst turbulent and fractious domestic...
Persistent link: https://www.econbiz.de/10012861473
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Confucius Institute, Belt and Road Initiative, and Internationalization
Wang, Hao - 2020
In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to 2017, we find that the Confucius Institute has had a positive effect on...
Persistent link: https://www.econbiz.de/10012826003
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Trade Policy Along the Global Value Chain : A Rationale for the Existence of Deep Trade Agreements
Egger, Hartmut; Fischer-Thöne, Christian - 2022
This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...
Persistent link: https://www.econbiz.de/10014240317
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Trade Costs and Strategic Investment in Infrastructure in a Dynamic Global Economy with Symmetric Countries
Yanase, Akihiko; Van Long, Ngo - 2021
certain level, the infrastructure stock decreases (increases) over time, and the world economy will end up in autarky (two … world economy to escape from a “low development trap.” …
Persistent link: https://www.econbiz.de/10013314918
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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
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The Farsighted Stability of Global Tade Policy Arrangements
Berens, Stefan; Chochua, Lasha; Willmann, Gerald - 2021
We study the stability of trade policy arrangements under two regulatory scenarios, with/without PTAs. Unlike previous papers, we consider an extensive set of trade policy constellations and allow for unlimited farsightedness of negotiating parties. We find global free trade (GFT) to be uniquely...
Persistent link: https://www.econbiz.de/10013217552
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Trading with the Informed and Against the Uninformed : Flows and Positioning in the Global Currency Market
Barrios, Aldo; Franolic, Robert; Giovanardi, Davide; … - 2022
FX trade settlement data from CLS provides the most comprehensive view of the opaque market of OTC currency trades. We use the flows of investment funds and non-financial corporates and develop trading signals where the former reflects speculative strategies, while the latter trade for liquidity...
Persistent link: https://www.econbiz.de/10014077184