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Report on the State of Available Data for the Study of International Trade and Foreign Direct Investment

Feenstra, Robert C. - 2010

This report, prepared for the Committee on Economic Statistics of the American Economic Association, examines the state of available data for the study of international trade and foreign direct investment. Data on values of imports and exports of goods are of high quality and coverage, but price...

Persistent link: https://www.econbiz.de/10013139521

The Golden Dilemma

Erb, Claude B. - 2013

While gold objects have existed for thousands of years, gold's role in diversified portfolios is not well understood. We critically examine popular stories such as 'gold is an inflation hedge'. We show that gold may be an effective hedge if the investment horizon is measured in centuries. Over...

Persistent link: https://www.econbiz.de/10013088402

International Prices and Endogenous Quality

Feenstra, Robert C. - 2013

will be incorporated into the next generation of the Penn World Table …

Persistent link: https://www.econbiz.de/10013090428

Dating the Integration of World Equity Markets

Bekaert, Geert - 2008

Measuring the integration of world capital markets is notoriously difficult. For example, regulatory changes which … equity market becomes financially integrated with world capital markets. We find endogenous break dates that are very … markets are on average larger and more liquid than before; returns are more volatile and more highly correlated with the world …

Persistent link: https://www.econbiz.de/10012774881

The ‘China Shock’, Exports and U.S. Employment : A Global Input-Output Analysis

Feenstra, Robert C. - 2017

We quantify the impact on U.S. employment from imports and exports during 1995-2011, using the World Input … total job losses of 2.0 million. It follows that the expansion in U.S. merchandise exports to the world relative to imports …

Persistent link: https://www.econbiz.de/10012943197

Negotiated Trade Restrictions with Private Political Pressure

Feenstra, Robert C. - 2010

In this paper we consider a home government with political pressure to restrict trade, at the expense of foreigners. The foreign country is compensated with an income transfer, which can be thought of as a portion of the tariff revenues or quota rents. In this setting the two countries should...

Persistent link: https://www.econbiz.de/10012760276

Market Integration and Contagion

Bekaert, Geert - 2010

to providing new insights on contagion during crisis periods, we document patterns through time in world and regional …

Persistent link: https://www.econbiz.de/10012762856

What Determines Expected International Asset Returns?

Harvey, Campbell R. - 2010

expected return on the world market portfolio. However, the inclusion of this premium alone is not sufficient to explain the …

Persistent link: https://www.econbiz.de/10012763249

Conditional Asset Allocation in Emerging Markets

Harvey, Campbell R. - 2010

Within the context of conditional asset allocation strategies, this paper explores the implications of the low correlations of the emerging market returns with developed market returns and the relatively high degree predictability of emerging countries' returns. It is well known that low...

Persistent link: https://www.econbiz.de/10012763465

Sources of Risk and Expected Returns in Global Equity Markets

Ferson, Wayne E. - 2010

unconditional mean- variance efficiency of a world market portfolio, our evidence indicates that the tests are low in power, and the … world market betas do not provide a good explanation of cross-sectional differences in average returns. Multiple beta models …

Persistent link: https://www.econbiz.de/10012763466