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We quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and industrial investors and simultaneously controlling...
Persistent link: https://www.econbiz.de/10010969373
Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions …-war era, protectionism has not actually moved counter-cyclically. Tariffs and non-tariff barriers simply do not rise … years, using eighteen measures of protectionism and seven of business cycles. I also provide some hints as to why …
Persistent link: https://www.econbiz.de/10011271425
We investigate the extent to which antidumping actions eliminate trade altogether. Using quarterly export data for …, which proves to be highly detrimental in the long run as many trade relationship cease during the duration of the order …. Given the literature on heterogeneous firms and trade, our results imply antidumping protection imposes greater costs than …
Persistent link: https://www.econbiz.de/10010969282
advice to rely on safety nets and world trade. Despite the limitations of food price stabilization policies, they are … national interest of many countries to adjust trade policies to take advantage of the world market in order to achieve domestic … price stability. When countercyclical trade policies become widespread, the result is a thinner and less reliable world …
Persistent link: https://www.econbiz.de/10010969308
, intermediate goods, and multiple factors of production--affect the magnitude of the gains from trade liberalization. We conclude by …
Persistent link: https://www.econbiz.de/10010969334
This paper first considers the impact on world food prices of the changes in restrictions on trade in staple foods … examines the relative efficiency and equity of trade restrictions and domestic policies, such as conditional cash transfers … potential consequences of multilateral agreements to limit changes in restrictions on trade during such times. …
Persistent link: https://www.econbiz.de/10010969350
Industrial policies (IPs) include such varying practices as production subsidies, export subsidies, and import protection, and are commonly used by countries to promote targeted sectors. However, such policies can have significant impacts on sectors other than those targeted by the IPs,...
Persistent link: https://www.econbiz.de/10010950685
undervaluation, we rely on advances in the international trade literature that uncover intraindustry heterogeneity in firm trade and … investment activities. We propose that firm foreign direct investments in, and subsequent related party trade with, countries … party trade with filed-against countries. High levels of related-party imports (arm's length imports) from countries with …
Persistent link: https://www.econbiz.de/10010950789
We study the impact of nationalism and interstate frictions on international economic relations by analyzing market reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer relative declines during each event window; a symmetric...
Persistent link: https://www.econbiz.de/10010950819
Many of the world's environmental problems cross international borders, and to address those problems approximately 1,000 different International Environmental Agreements (IEAs) are in operation today. Most evidence, however suggests that those IEAs are ineffectual, merely ratifying...
Persistent link: https://www.econbiz.de/10010950867