Showing 1 - 10 of 2,073
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
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every … country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006 … along the different dimensions of globalization. We also disentangle trade and financial globalization within the economic …
Persistent link: https://www.econbiz.de/10011954444
We review the literature on the globalization backlash, seen as the political shift of voters and parties in a … footprint’ of globalization. Then, we review the empirical literature on the drivers of the backlash. Two main messages emerge … from our analysis: (1) globalization is a significant driver of the backlash, by means of the distributional consequences …
Persistent link: https://www.econbiz.de/10012619297
We quantify the effect of container technology on transport costs and trade by estimating the modal choice between containerization and breakbulk shipping using micro-level trade data. The model is motivated by novel facts that relate container usage to shipment, destination and firm...
Persistent link: https://www.econbiz.de/10011597265
of the disruption in production that started in China and then quickly spread across the world. We find that the COVID-19 … shock has a considerable impact on most economies in the world, especially when a share of the labor force is quarantined …
Persistent link: https://www.econbiz.de/10012194678
We estimate a multi-country multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020–2023 in several countries, including the United States. The model matches observed inflation together with sector-level prices and wages. We further measure the relative...
Persistent link: https://www.econbiz.de/10014434281
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through changes in consumer and producer prices that in turn stimulate or impede physical capital accumulation. At the same time, growth affects trade, directly through changes in...
Persistent link: https://www.econbiz.de/10011298529
actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …
Persistent link: https://www.econbiz.de/10011718208
We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has weakened considerably in advanced economies during recent decades. The central estimate is that the short-run pass-through from domestic labour cost changes to core CPI...
Persistent link: https://www.econbiz.de/10012612957
Although real integration conceptually plays an important role for the comovement of international equity markets, documenting this link empirically has proven challenging. We construct a new dataset of theory-guided, relevant measures of bilateral trade in final and intermediate goods and...
Persistent link: https://www.econbiz.de/10014292801