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In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...
Persistent link: https://www.econbiz.de/10012668495
low wage rapidly growing countries in the BRIC group (Brazil, Russia, India, China) and the groups of countries as a sub …
Persistent link: https://www.econbiz.de/10003857136
Russia, we find that these sanctions substantially decreased bilateral trade of Russia, mainly due to reduced trade with the …
Persistent link: https://www.econbiz.de/10012668821
estimate the impact on firm performance from smart sanctions deployed by the U.S. and EU against Russia beginning in 2014. We …
Persistent link: https://www.econbiz.de/10012001872
on the sanctions imposed on Russia in 2014 and identify their effect on voting behavior in both presidential and … parliamentary elections. On the economic side, the sanctions significantly hurt Russia’s foreign trade — with regional variance. We …
Persistent link: https://www.econbiz.de/10014505854
purposefully undermine US sanction efforts, we test whether target countries' trade with China and Russia increases under US trade … sanctions. We find no evidence for systematic sanction busting. Russia does not change its trade patterns with sanctioned … panel difference-in-differences estimations and an event study design. Motivated by the claim that China and Russia …
Persistent link: https://www.econbiz.de/10013455721
period of coverage from 1950-2019 to 1950-2022, which includes two special periods - COVID-19 and the war between Russia and … trade. We also obtain estimates of the effects on trade of the 2014 sanctions on Russia, …
Persistent link: https://www.econbiz.de/10013455750
fragmentation? Do they comply with or circumvent Western sanctions on Russia? Using comprehensive transaction-level bill of lading … firms in non-sanctioning countries significantly reduced exports of sanctioned products to Russia (and Belarus) if their … sanctions. Sanctioning MNEs expanded exports of sanctioned products to both sanctioning and Russia-friendly countries …
Persistent link: https://www.econbiz.de/10014529225
Many tasks can only be completed if several people contribute. Likewise, many institutions, e.g. voting rules, require the support of several people to implement specific decisions. In such situations, individual costs from supporting may decrease in the number of supporters. This holds true for...
Persistent link: https://www.econbiz.de/10011343048
This paper proposes a model in which the removal of barriers to trade and factor mobility is associated with endogenous fragmentation of the value-added chain. Fragmentation is the outcome of cost competition - the profit-maximizing choice of cost structure by monopolistically competitive firms....
Persistent link: https://www.econbiz.de/10009780202