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Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2021

Since the 1970s, exports and imports of manufactured goods have been the engine of international trade and much of that trade relies on container shipping. This paper introduces a new monthly index of the volume of container trade to and from North America. Incorporating this index into a...

Persistent link: https://www.econbiz.de/10012550202

Horizontal versus vertical interdependence in multinational activity

Badinger, Harald (contributor); Egger, Peter (contributor) - 2008

Recent research in international economics highlights the role of interdependencies of investment decisions and sales of multinational firms. Previous work focused on and provided evidence for aggregate flows or stocks of foreign direct investment, showing that interdependence declines in...

Persistent link: https://www.econbiz.de/10003720587

Business cycles, international trade and capital flows : evidence from Latin America

Caporale, Guglielmo Maria; Girardi, Alessandro - 2012

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

Persistent link: https://www.econbiz.de/10009683383

Testing for convergence in stock markets : a non-linear factor approach

Caporale, Guglielmo Maria; Erdogan, Burcu; Kuzin, Vladimir - 2009

This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the...

Persistent link: https://www.econbiz.de/10003898817

US municipal green bonds and financial integration

Caporale, Guglielmo Maria; Spagnolo, Nicola - 2023

This paper examines mean and volatility spillovers between four green municipal bonds issued by the US states of California, Colorado, Columbia and Ohio, and the role played by the recent Covid-19 pandemic and the COP policy announcements respectively. Specifically, four-variate VAR-GARCH-BEKK...

Persistent link: https://www.econbiz.de/10014234020

Fair wages and human capital accumulation in a global economy

Kreickemeier, Udo - 2004

, the effects of a globalization shock modelled as the entry of newly industrializing countries into the trading world on …This paper analyzes trade in an asymmetric 2×2×2 world, where the two countries, labelled America and Europe, differ in …

Persistent link: https://www.econbiz.de/10011402411

Globalization and executive compensation

Keller, Wolfgang; Olney, William W. - 2017

This paper identifies globalization as a factor behind the rapid increase in executive compensation and inequality over … executive compensation, indicating that globalization is influencing compensation through pay-for-non-performance. Furthermore … firms with poor corporate governance, as one would expect if globalization has enhanced rent-capture opportunities. Overall …

Persistent link: https://www.econbiz.de/10011741873

Is the international border effect larger than the domestic border effect? : evidence from U.S. trade

Coughlin, Cletus Charles; Novy, Dennis - 2009

Many studies have found that international borders represent large barriers to trade. But how do international borders compare to domestic border barriers? We investigate international and domestic border barriers in a unified framework. We consider a unique data set of exports from individual...

Persistent link: https://www.econbiz.de/10003902081

Tariffs, trade and productivity : a quantitative evaluation of heterogeneous firm models

Breinlich, Holger; Cuñat, Alejandro - 2013

We examine the quantitative predictions of heterogeneous firm models à la Melitz (2003) in the context of the Canada - US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across a range of standard models and compare them to the...

Persistent link: https://www.econbiz.de/10009773860

Trade and uncertainty

Novy, Dennis; Taylor, Alan M. - 2014

We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the idea to the open economy. Firms import intermediate inputs from home or...

Persistent link: https://www.econbiz.de/10010358978