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The distribution of transport infrastructure across space is the outcome of deliberate government planning that reflects a desire to unlock the welfare gains from regional economic integration. Yet, despite being one of the oldest government activities, the economic forces shaping the endogenous...
Persistent link: https://www.econbiz.de/10012507897
This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...
Persistent link: https://www.econbiz.de/10012002696
Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between...
Persistent link: https://www.econbiz.de/10011988553
world of balanced international trade. Specifically, we build a Ricardian quantitative trade model including sectoral input … benefits in terms of lower global emissions. Globally, the simultaneous removal of all trade imbalances would lower world …
Persistent link: https://www.econbiz.de/10014433416
Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the increasing importance of MNE networks. These hypotheses are...
Persistent link: https://www.econbiz.de/10011473479
Non-traditional source countries of FDI play an increasingly important role, notably in developing host countries. This raises the question of whether the determinants of FDI differ systematically between traditional and non-traditional source countries. We perform Logit and Poisson Pseudo...
Persistent link: https://www.econbiz.de/10009425487
retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains …
Persistent link: https://www.econbiz.de/10012644247
Trade can dramatically improve women's lives, creating new jobs, enhancing consumer choices, and increasing women's bargaining power in society. It can also lead to job losses and a concentration of work in low-skilled employment. Given the complexity and specificity of the relationship between...
Persistent link: https://www.econbiz.de/10012644298
The paper is structured in six further sections following this introduction. Section two develops a conceptual framework, and reviews the literature on the relationship between trade integration and labor market outcomes. Section three outlines the empirical framework and data used in the...
Persistent link: https://www.econbiz.de/10012645544
. Trade policy developments are mixed. Restrictive trade measures imposed during 2018 affected 3.8 percent of world …-for-tat tariffs between the United States and China alone affected 2.0 percent of world merchandise trade in 2018. Ongoing trade … a multilateral approach and World Trade Organization reforms …
Persistent link: https://www.econbiz.de/10012646423