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firm level. We apply this method to estimate the impact of Brexit-related uncertainty and find widespread reverberations on … listed firms in 81 countries. International firms most exposed to Brexit uncertainty not only significantly lost market value … but also reduced hiring and investments. In addition to Brexit uncertainty (the second moment), we find that international …
Persistent link: https://www.econbiz.de/10013324715
This paper investigates competition between jurisdictions in the context of cross-border shopping for state lottery tickets. We first develop a simple theoretical model in which consumers choose between state lotteries and face a trade-off between travel costs and the price of a fair gamble,...
Persistent link: https://www.econbiz.de/10013224412
Do national borders and ethnicity contribute to market segmentation between and within countries? This paper uses unique and high-frequency data on narrowly-defined goods to gauge the extent to which a national border impedes trade between developing countries (Niger and Nigeria). Using a...
Persistent link: https://www.econbiz.de/10013143774
using a calibrated model with 3 Canadian regions, the U.S., and the rest of the world using 2001 data. We also evaluate how …
Persistent link: https://www.econbiz.de/10012760730
I generate new data on HIV incidence and prevalence in Africa based on inference from mortality rates. I use these data to relate economic activity (specifically, exports) to new HIV infections in Africa and argue there is a significant and large positive relationship between the two: a doubling...
Persistent link: https://www.econbiz.de/10012759681
data on the 2016 E.U. Referendum (“Brexit”) and the 2016 U.S. Presidential Election, we find that diffusion of information …
Persistent link: https://www.econbiz.de/10012918621
from the European Union (Brexit) reduce bilateral export values and trade participation. These effects are increasing in … probability of Brexit at the average disagreement tariff of 4.5% lowers EU-UK bilateral export values by 15 log points on average …
Persistent link: https://www.econbiz.de/10012906789
In the UK's 2016 referendum on EU membership, young voters were more likely than their elders to vote Remain. Applying new methods to a half century of data, we show that this pattern reflects both ageing and cohort effects. Although voters become more Eurosceptical as they age, recent cohorts...
Persistent link: https://www.econbiz.de/10012908473
We use a major new survey of UK firms, the Decision Maker Panel, to assess the impact of the June 2016 Brexit …-lasting increase in uncertainty. Second, anticipation of Brexit is estimated to have gradually reduced investment by about 11% over the … referendum, suggesting that the size and persistence of this uncertainty may have delayed firms' response to the Brexit vote …
Persistent link: https://www.econbiz.de/10012863281
This paper presents new evidence on international trade and worker outcomes. It examines a big world event that … occurred in any of the world's four major currencies since the collapse of Bretton Woods. Exploiting this variation, the paper … intermediate imports. This provides new direct evidence that, in the modern world of global value chains, it is changes in the cost …
Persistent link: https://www.econbiz.de/10012868489