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undermined the WTO. A simple transposition of the previous rationalization suggests that geopolitics and trade cooperation are … other circumstances, there are gains from trade cooperation even with geopolitics. Furthermore, the WTO's relevance is in … imperative, the WTO can continue to thrive as a forum for multilateral trade cooperation in the age of geopolitics …
Persistent link: https://www.econbiz.de/10015171695
that persuading or coercing foreign governments plays in projecting geoeconomic power around the world …
Persistent link: https://www.econbiz.de/10015194998
of the World (ROW) is developed to quantify capital controls and evaluate their impact on the world economy. We find … these controls had large effects. Counterfactual analysis show world output would have been 0:5 percent higher had there …
Persistent link: https://www.econbiz.de/10014337829
geopolitical factors. Using data on foreign reserves of 19 countries before World War I, for which the currency composition of … hypothetical scenario where the U.S. withdraws from the world, our estimates suggest that long-term U.S. interest rates could rise …
Persistent link: https://www.econbiz.de/10012453568
Data on global trade as well as capital and labor flows indicate a slowdown, but not reversal, of globalization post the 2008-09 financial crisis. Yet profound changes in the policy environment and public sentiment in the largest economies over the past five years suggest the beginning of a new...
Persistent link: https://www.econbiz.de/10014250133
We present a dynamic two-country model in which military spending, geopolitical risk, and government bond prices are jointly determined. The model is consistent with three empirical facts: hegemons have a funding advantage, this advantage rises with geopolitical tensions, and war losers suffer...
Persistent link: https://www.econbiz.de/10015056136
After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …
Persistent link: https://www.econbiz.de/10014576667
Below, I illustrate how a wide range of political economics forces influence nations' provisions of global public goods. The forces can make it difficult for international cooperation to succeed, but they can also be taken advantage of by carefully designed treaties, so that they are stronger...
Persistent link: https://www.econbiz.de/10015145113
Different countries have been following different reform paths since the early 1990s. We develop a simple dynamic model of policy reform that captures some of the determinants that underlie these differences. The model emphasizes the interaction between domestic institutions and international...
Persistent link: https://www.econbiz.de/10012457430
. We estimate econometric models of the location of major dams around the world as a function of the degree of …
Persistent link: https://www.econbiz.de/10012458277