Showing 1 - 10 of 32
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
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
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
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
regression analysis using discrete-time duration models with proper controls for unobserved heterogeneity. We draw the conclusion …
Persistent link: https://www.econbiz.de/10010320250
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
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
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
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
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