We study whether tariff preferences conferred on South Korean goods through the implementation of the Korea-U.S. Free … magnitude as the increase in the U.S. bilateral goods trade deficit with South Korea. Thus, while increased U.S. imports from … South Korea may have increased the U.S.-South Korea bilateral trade deficit, the fact that KORUS diverted U.S. import demand …

Why do wars occur? We exploit a natural experiment to test the longstanding hypothesis that leaders declare war because …,210 children of 3,693 U.S. legislators who served in Congress during the four conscription-era wars of the 20th century: World War … I, World War II, the Korean War, and the Vietnam War. We test for agency problems by comparing the voting behavior of …

powers, the government was able to fund the war by borrowing and levying taxes. In major wars, however, there came a point …

This paper measures the effects of the risk of war on nine U.S. financial variables using a heteroskedasticity …-based estimation technique. The results indicate that increases in the risk of war cause declines in Treasury yields and equity prices …, a widening of lower-grade corporate spreads, a fall in the dollar, and a rise in oil prices. This war risk factor …

fight and endure war, the government elites began to provide public goods, reduced rent extraction and adopted policies to …

The process by which the US economy was mobilized during World War I was the subject of considerable criticism both at … of active US involvement was remarkable. The United States entered the war in 1917 having made only limited preparations … force in the 15 to 44 age bracket. Overall in 1918, one fifth or more of the nation's resources was devoted to the war …

Using 550 million limit orders submitted in the Korea Stock Exchange, we estimate demand and supply elasticities of …