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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
What has driven trade booms and trade busts in the past and present? We derive a micro-founded measure of trade frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of...
Persistent link: https://www.econbiz.de/10003882603
century, silk reeling emerged as the main export industry. The silk reeling industry depended heavily on credit for working … capital but comprised many small firms that could not borrow directly from larger banks. Instead, silk merchants in Yokohama …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …
Persistent link: https://www.econbiz.de/10009691621
We propose a normative assessment of the value of international trade that is rooted in production theory and embeds Ricardo's 1817 formulation of the gains from trade into a multi-factor general equilibrium framework. Without imposing strong assumptions on consumer rationality or data from the...
Persistent link: https://www.econbiz.de/10009570570
Colonial trade encouraged the colonies to specialise in primary products. Did this prevent in-dustrialisation in the colonies? And did lack of industrialisation, in turn, help to keep the colonies under control? To answer these questions, we examine the impact of the temporary collapse in trade...
Persistent link: https://www.econbiz.de/10012257838
democracy. We also find that individuals who have a positive attitude towards China are more likely to value democracy. In …
Persistent link: https://www.econbiz.de/10013266063
In this paper we focus on the rapidly deepening bilateral India-China economic relationship. Each is deeply integrating … into the global economy through trade and FDI inflows, China is seen as primarily manufacturing-lead growth with India as … China, and the two have to be considered a joint global presence. India and China are thus viewed in the literature in …
Persistent link: https://www.econbiz.de/10008697087
We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … rates suggest that China will become the dominant trade partner for Brazil surprisingly soon. -- economic relationship …
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