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The Belt and Road Initiative: Economic causes and effects
Sjöholm, Fredrik - 2022
Chinese investment abroad has grown significantly in connection with the Belt and Road Initiative. This article tries to answer two questions: first, what considerations gave birth to the BRI? And second, what are the project's economic effects in terms of capital flows and international trade?...
Persistent link: https://www.econbiz.de/10014278523
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What determines top income shares? Evidence from the twentieth century
Roine, Jesper; Vlachos, Jonas; Waldenström, Daniel - 2007
This paper studies determinants of income inequality using a newly assembled panel of 16 countries over the entire twentieth century. We focus on three groups of income earners: the rich (P99-100), the upper middle class (P90-99), and the rest of the population (P0-90). The results show that...
Persistent link: https://www.econbiz.de/10010320164
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Institution-Driven Comparative Advantage and Organizational Choice
Ferguson, Shon; Formai, Sara - 2012
The theory of the firm suggests that firms can respond to poor contract enforcement by vertically integrating their production process. The purpose of this paper is to examine whether firms' integration opportunities affect the way contract enforcement institutions determine international trade...
Persistent link: https://www.econbiz.de/10010320206
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Trade, Reallocations and Productivity: A Bridge between Theory and Data in Öresund
Åkerman, Anders - 2009
The paper estimates the causal effect of trade liberalisation on aggregate productivity through mechanisms related to firm selection. The construction of a bridge in 2000 across the Öresund Strait linking Copenhagen with Malmö, Sweden's third largest city, provided a natural experiment with...
Persistent link: https://www.econbiz.de/10010320209
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Exploring the Duration of EU Imports
Hess, Wolfgang; Persson, Maria - 2010
regression analysis using discrete-time duration models with proper controls for unobserved heterogeneity. We draw the conclusion …
Persistent link: https://www.econbiz.de/10010320250
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How to Combine High Sunk Costs of Exporting and Low Export Survival
Persson, Maria; Gullstrand, Joakim - 2013
In endeavouring to explain the empirical puzzle that the sunk costs of exporting are important, but that, at the same time, trade flows do not, on average, survive for very long, this paper explores the concepts of core and peripheral markets. First, it illustrates that if the importance of sunk...
Persistent link: https://www.econbiz.de/10010320260
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Exploring the Long-Term Evolution of Trade Survival
Hess, Wolfgang; Persson, Maria - 2011
Aiming to explore how the survival of trade flows has evolved over time, we analyze a rich data set of detailed imports to individual EU15 countries from 140 non-EU exporters, covering the period 1962-2006. We find that short duration is a persistent characteristic of trade throughout the...
Persistent link: https://www.econbiz.de/10010320265
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The Duration of Trade Revisited: Continuous-Time vs. Discrete-Time Hazards
Hess, Wolfgang; Persson, Maria - 2010
using Cox proportional hazards models. The purpose of this paper is to show why it is inappropriate to analyze the duration … of trade with continuous-time models such as the Cox model, and to propose alternative discrete-time models which are … proportional hazards. By contrast, with discrete-time models there is no problem handling ties; unobserved heterogeneity can be …
Persistent link: https://www.econbiz.de/10010320319
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Institution-Driven Comparative Advantage, Complex Goods and Organizational Choice
Ferguson, Shon; Formai, Sara - 2011
The theory of the firm suggests that firms can respond to poor contract enforcement by vertically integrating their production process. The purpose of this paper is to examine whether firms' integration opportunities affect the way institutions determine international trade patterns. We find...
Persistent link: https://www.econbiz.de/10010320321
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Using Lasso-Type Penalties to Model Time-Varying Covariate Effects in Panel Data Regressions: A Novel Approach Illustrated by the "Death of Distance" in International Trade
Hess, Wolfgang; Persson, Maria; Rubenbauer, Stephanie; … - 2013
When analyzing panel data using regression models, it is often reasonable to allow for time-varying covariate effects …
Persistent link: https://www.econbiz.de/10010320395