Showing 1 - 10 of 1,440
This paper analyses the short- and long-term effects of geopolitical uncertainty on cross-border portfolio flows between the US and 41 developed and emerging economies over the period January 1992-November 2022. We find that geopolitical uncertainty decreases equity inflows from other countries...
Persistent link: https://www.econbiz.de/10015065292
The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate...
Persistent link: https://www.econbiz.de/10012174819
recent work on coercion and fragmentation. Third, research on the geopolitics of international finance, which focuses on …We review the literature on geoeconomics, defined as the field of study that links economics and geopolitics (power … of geoeconomic policy tools such as sanctions and embargoes. Second, the geopolitics of international trade, especially …
Persistent link: https://www.econbiz.de/10015164635
The space sector has remained central to geopolitics since the end of the Cold War, leading to an increase in national …
Persistent link: https://www.econbiz.de/10015179221
A frequently employed argument against imposing international sanctions is that rival superpowers are likely to bust sanctions to simultaneously shield the target, harm the sender, and make a profit. We evaluate the legitimacy of this concern by studying the effect of US sanctions on trade flows...
Persistent link: https://www.econbiz.de/10013455721
benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …-country inequality: the standard deviation of log capital per employee is 80% higher than it would be in a world without barriers to …
Persistent link: https://www.econbiz.de/10012514947
provisions in DTAs on trade using the World Bank’s DTA database remains in its infancy. While this database categorizes … ex post evidence that (the World Bank’s) “liberalizations” can have positive or negative effects on trade and …
Persistent link: https://www.econbiz.de/10015145009
This paper scrutinizes the effects of investor-state dispute settlements (ISDS) and national treatment provisions in a two-period model where foreign investment is subject to domestic regulation and a holdup problem. It shows that ISDS can mitigate the holdup problem and increases aggregate...
Persistent link: https://www.econbiz.de/10011431559
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
Legal conflicts between multinational firms and host governments are often decided by international arbitration panels - as opposed to courts in the host country - due to provisions in international investment agreements known as Investor State Dispute Settlements (ISDS). Critics fear that ISDS...
Persistent link: https://www.econbiz.de/10011565569