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Liberalization and stock market co-movement between emerging economies
Beine, Michel (contributor); Candelon, Bertrand (contributor) - 2007
Persistent link: https://www.econbiz.de/10003620171
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Deep trade agreements and FDI in partial and general equilibrium : a structural estimation framework
Larch, Mario; Yotov, Yoto - 2022
We quantify the relationships between deep trade liberalization and foreign direct investment (FDI). To this end, we focus on the effects of Deep Trade Agreements (DTAs), and we rely on a structural framework that simultaneously enables us to (i) estimate the direct impact of DTAs on FDI, (ii)...
Persistent link: https://www.econbiz.de/10013384905
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On the widely differing effects of free trade agreements : lessons from twenty years of trade integration
Baier, Scott L.; Yotov, Yoto V.; Zylkin, Thomas - 2016
We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...
Persistent link: https://www.econbiz.de/10011560677
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Transatlantic free trade : the view point of Germany
Felbermayr, Gabriel; Aichele, Rahel - 2014
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
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Competing liberalizations : tariffs and trade in the 21st century
Bureau, Jean-Christophe; Guimbard, Houssein; Jean, … - 2016
This paper proposes a unique overview of trade policies trends since the launch of the Doha Round, based on detailed data on tariffs and trade covering 130 countries. We show that regionalism has delivered limited effective liberalization so far, leading to only a 0.3 percentage point (p.p.) cut...
Persistent link: https://www.econbiz.de/10011496864
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The free rider effect and market power in trade agreements
Wong, Woan Foong - 2023
Regional trade agreements have proliferated in the past two decades while multilateral trade negotiations have stalled. Both these agreements are governed by the WTO and have to abide by the non-discriminatory (Most-Favored Nation, MFN) clause to varying degrees-regional agreements to a lesser...
Persistent link: https://www.econbiz.de/10014430728
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What do we know about the global financial safety net? : a new comprehensive data set
Scheubel, Beatrice; Stracca, Livio - 2016
This paper critically reviews the theoretical basis for the provision of the global financial safety net (GFSN) and provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank swap lines and regional financing arrangements) for over...
Persistent link: https://www.econbiz.de/10011565481
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Global and regional financial integration in emerging Asia : evidence from stock markets
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; You, Kefei - 2017
This paper employs a price-based measure of integration, namely stock return differentials between ten emerging Asian economies and the US (as an indicator of global integration), as well as Japan and the Asian region (as two alternative indicators of regional integration), to test for mean...
Persistent link: https://www.econbiz.de/10011654611
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Financial integration and European tourism stocks
Caporale, Guglielmo Maria; Yfanti, Stavroula; … - 2023
This study examines the macro drivers of the time-varying (dynamic) connectedness between eleven European tourism sectors. Financial integration between the travel and leisure markets, measured by their dynamic correlations or co-movement, is explained by common global fundamentals. The...
Persistent link: https://www.econbiz.de/10013540847
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Unbalanced financial globalization
Capelle, Damien; Pellegrino, Bruno - 2023
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … capital allocation, a 2.8% lower world GDP, a 12% rise in the cross-country dispersion of GDP per capita, lower wages in …
Persistent link: https://www.econbiz.de/10014340224