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Macroeconomic Effects of Disruptions in Global Food Commodity Markets : Evidence for the United States
De Winne, Jasmien - 2016
We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...
Persistent link: https://www.econbiz.de/10012977153
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Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters
Dippel, Christian - 2018
This paper shows that import exposure affects voting behavior because it affects local labor markets. We develop a new framework for mediation analysis where one instrumental variable is sufficient to identify three causal effects. Using German data from 1987–2009, we find that import exposure...
Persistent link: https://www.econbiz.de/10012927102
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Effects of Unilateral Climate Policy on Terms of Trade, Capital Accumulation, and Welfare in a World Economy
Farmer, Karl - 2013
, if the country which unilaterally reduces her emission permits is a net creditor to the world economy, her own welfare …
Persistent link: https://www.econbiz.de/10012753478
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International Trade in Natural Resources : Practice and Policy
Ruta, Michele - 2013
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …
Persistent link: https://www.econbiz.de/10013091204
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What's Left for the WTO?
Bown, Chad P. - 2016
currently applied tariffs are “too high,” the implication being that there are still tariff reductions out there for an … agreement like the WTO to facilitate. These three areas include applied tariffs for countries that are not members of the WTO …, applied tariffs for WTO members that are unbound, and applied tariffs for WTO members set in the presence of large amounts of …
Persistent link: https://www.econbiz.de/10012998702
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Do Trade Agreements Stimulate International Trade Differently? Evidence from 296 Trade Agreements
Kohl, Tristan - 2013
In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was questionable. This finding has been scrutinized and modified in subsequent research, using different datasets, econometric methods and separating the WTO from other forms of trade...
Persistent link: https://www.econbiz.de/10013081056
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Banking Across Borders
Niepmann, Friederike - 2013
Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the international and global activities of banks across countries. This paper develops and tests a theoretical model that explains this variation from an international trade theory...
Persistent link: https://www.econbiz.de/10013086399
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Price Equalization Does Not Imply Free Trade
Mutreja, Piyusha - 2013
In this paper we show that price equalization alone is not sufficient to determine the barriers to international trade. There are many barrier combinations that deliver price equalization, but each combination implies a different volume of trade. We demonstrate this first theoretically in a...
Persistent link: https://www.econbiz.de/10013086971
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Market Potential and Global Growth over the Long Twentieth Century
Jacks, David S. - 2018
market potential exhibits an upward trend across all regions of the world from the early 1930s and that this trend … significantly deviates from the evolution of world GDP. Finally, using exogenous variation in trade-related distances to world …
Persistent link: https://www.econbiz.de/10012910940
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Trade and Currency Weapons
Bénassy-Quéré, Agnès - 2018
non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and … in import tariffs by 1 percentage point reduces imports by around 1.4 percent. Hence the two instruments are not …
Persistent link: https://www.econbiz.de/10012912691