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Trade Booms, Trade Busts, and Trade Costs
Jacks, David S. - 2009
What has driven trade booms and trade busts in the past and present? We derive a micro-founded measure of trade frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of...
Persistent link: https://www.econbiz.de/10012463384
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When Britain turned inward : Protection and the shift towards Empire in Interwar Britain
de Bromhead, Alan - 2017
International trade became much less multilateral during the 1930s. Previous studies, looking at aggregate trade flows, have argued that discriminatory trade policies had comparatively little to do with this. Using highly disaggregated information on the UK's imports and trade policies, we find...
Persistent link: https://www.econbiz.de/10012455517
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Geography, Policy, or Productivity? Regional Trade in five South American Countries, 1910-1950
Badia-Miró, Marc - 2014
Regional trade in South America since independence has long been much smaller than would be expected if geography were the only constraint on trade. Several potential explanations exist: low technological and demand complementarities; low productivity; high natural and policy barriers to trade....
Persistent link: https://www.econbiz.de/10012457876
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Growth, Import Dependence and War
Bonfatti, Roberto - 2014
Existing theories of pre-emptive war typically predict that the leading country may choose to launch a war on a follower who is catching up, since the follower cannot credibly commit to not use their increased power in the future. But it was Japan who launched a war against the West in 1941, not...
Persistent link: https://www.econbiz.de/10012458341
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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World
Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2012
"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …
Persistent link: https://www.econbiz.de/10012460215
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The Global Financial Cycle
Miranda-Agrippino, Silvia; Rey, Hélène - National Bureau of Economic Research - 2021
effects of the monetary policies of the US Federal Reserve, the European Central Bank and of the People's Bank of China on the …
Persistent link: https://www.econbiz.de/10012660005
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Trade-Policy Dynamics : Evidence from 60 Years of U.S.-China Trade
Alessandria, George A.; Khan, Shafaat Yar; … - National Bureau of Economic Research - 2021
1980s, and, despite China's accession to the World Trade Organization (WTO) in 2001, changed little throughout the late … the trade growth that followed China's WTO accession was a delayed response to previous reforms rather than a response to …
Persistent link: https://www.econbiz.de/10012616570
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Riding the Wave of Trade : Explaining the Rise of Labor Regulation in the Golden Age of Globalization
Huberman, Michael - 2009
The received view pins the adoption of labor regulation before 1914 on domestic forces. Using directed dyad-year event history analysis, we find that trade was also a pathway of diffusion. Market access served as an important instrument to encourage a level playing field. The type of trade...
Persistent link: https://www.econbiz.de/10012463276
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A Long Term Perspective on the Euro
Bordo, Michael D. - 2008
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012464832
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International Policy Coordination : The Long View
Eichengreen, Barry - 2011
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10012460992