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Did Globalization Influence Credit Market Deregulation?
Eppinger, Peter - 2015
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …
Persistent link: https://www.econbiz.de/10013021420
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Globalization and State Capitalism : Assessing Vietnam's Accession to the WTO
Baccini, Leonardo - 2017
What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset of Vietnamese firms we document a set of empirical regularities...
Persistent link: https://www.econbiz.de/10012947908
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Going Deep : The Trade and Welfare Effects of TTIP
Aichele, Rahel - 2015
Since July 2013, the EU and the US have been negotiating a preferential trade agreement (PTA), the Transatlantic Trade and Investment Partnership (TTIP). We use a multi-country, multi-industry Ricardian trade model with national and international input-output linkages to quantify its potential...
Persistent link: https://www.econbiz.de/10013030303
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Natural Disasters and the Effect of Trade on Income : A New Panel IV Approach
Felbermayr, Gabriel J. - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10013121825
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Tariff Liberalization and Trade Integration of Emerging Countries
Luca d'Agliano, Centro Studi - 2013
We investigate how tariff liberalization has affected exporting in emerging countries. We use a highly disaggregated bilateral measure of market access to compare tariffs applied in 1996 and 2006, which includes the timing of the Uruguay Round and episodes of bilateral liberalization. Our...
Persistent link: https://www.econbiz.de/10013074397
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Firm Dynamics and Residual Inequality in Open Economies
Felbermayr, Gabriel J. - 2016
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10013006606
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Labor Reallocation in Response to Trade Reform
Menezes-Filho, Naercio A.; Muendler, Marc-Andreas - 2021
Tracking individual workers across employers and industries after Brazil's trade liberalization in the 1990s shows that foreign import penetration and tariff reductions trigger worker displacements but that neither comparative-advantage industries nor exporters absorb displaced workers for...
Persistent link: https://www.econbiz.de/10013317183
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Consequences of Brexit and Options for a 'Global Britain'
Brakman, Steven - 2017
The United Kingdom has opted to leave the European Union. The trade and welfare consequences of this decision are large; most studies predict a trade and welfare loss for both the UK and the EU. The UK parliament has indicated that it aims for new and ambitious trade agreements following Brexit,...
Persistent link: https://www.econbiz.de/10012955285
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The Impact of Market Regulations on Intra-European Real Exchange Rates
Bénassy-Quéré, Agnès - 2013
and employment protection tend to inflate the real exchange rate. We then carry out an econometric estimation for European …
Persistent link: https://www.econbiz.de/10013087275
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The European Central Bank's QE : A New Hope
Wieladek, Tomasz - 2016
We examine the impact of the ECB's QE on Euro Area real GDP and core CPI with a Bayesian VAR, estimated on monthly data from 2012M6 to 2016M4. We assess the total impact via a counter-factual exercise, country-by-country and through alternative transmission channels. QE announcement shocks are...
Persistent link: https://www.econbiz.de/10012986934