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rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …
Persistent link: https://www.econbiz.de/10010469287
The globalization of international financial markets has renewed interest in the measurement of capital mobility. Consumption-based tests such as the Euler equation test are commonly used. These tests, however, are derived under restrictive assumptions on consumer behavior. In this paper, we ask...
Persistent link: https://www.econbiz.de/10011475881
theory-based measures for production networks from a multi-sector gravity model with inter-sectoral linkages to analyze the …, calibrate it to the year 2000 using the World Input-Output Database, and perform a counterfactual analysis of China’s WTO … and for about 7% of the decline in this figure on the world level as observed between 2000 and 2007. Furthermore, our …
Persistent link: https://www.econbiz.de/10011517926
We use a new dataset on non-resource GDP to examine the impact of commodity price volatility on economic growth in a panel of up to 158 countries during the period 1970-2007. Our main finding is that commodity price volatility leads to a significant increase in non-resource GDP growth in...
Persistent link: https://www.econbiz.de/10009355147
Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...
Persistent link: https://www.econbiz.de/10009383458
This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...
Persistent link: https://www.econbiz.de/10009383561
In this paper we analyze the influence of direct democratic institutions on the size and development of the shadow economies. The framework developed predicts a negative relationship between the degree of direct democracy and the size of the shadow economy. Countries where direct democratic...
Persistent link: https://www.econbiz.de/10009503812
America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have …
Persistent link: https://www.econbiz.de/10010469280
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...
Persistent link: https://www.econbiz.de/10003300991
Persistent link: https://www.econbiz.de/10003463011