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Are We Fragmented Yet? Measuring Geopolitical Fragmentation and Its Causal Effect
Fernández-Villaverde, Jesús; Mineyama, Tomohide; … - National Bureau of Economic Research - 2024
After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon, we introduce an index of geopolitical fragmentation derived from various empirical indicators. This index is developed using a flexible dynamic factor model with time-varying...
Persistent link: https://www.econbiz.de/10014576667
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Industrial Clusters in the Long Run : Evidence from Million-Rouble Plants in China
Heblich, Stephan; Seror, Marlon; Xu, Hao; Zylberberg, Yanos - National Bureau of Economic Research - 2022
in China. A short-lived alliance between the U.S.S.R. and China led to the construction of 150 "Million-Rouble plants" in …
Persistent link: https://www.econbiz.de/10013477236
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On the Road : Access to Transportation Infrastructure and Economic Growth in China
Banerjee, Abhijit - 2012
This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a …
Persistent link: https://www.econbiz.de/10012460763
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On Current Account Surpluses and the Correction of Global Imbalances
Edwards, Sebastian - 2007
significant exchange rate movements. This analysis also suggests that a reduction in China's (very) large surplus will be needed …
Persistent link: https://www.econbiz.de/10012465752
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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
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Trade and Foreign Direct Investment in China : A Political Economy Approach
Branstetter, Lee G. - 1999
We view the political process in China as trading off the social benefits of increased trade and foreign direct … of this model are estimated using province-level data on foreign direct investment and trade flows in China, over the … China may find it politically difficult to follow through with liberalizing its trade and investment regimes, such as under …
Persistent link: https://www.econbiz.de/10012471698
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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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Is the American Soft Power a Casualty of the Trade War?
Fan, Haichao; Hu, Yichuan; Tang, Lixin; Wei, Shang-Jin - National Bureau of Economic Research - 2022
The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on …
Persistent link: https://www.econbiz.de/10013191093
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The Effect of the U.S.-China Trade War on U.S. Investment
Amiti, Mary - 2020
market data. By estimating the effect of U.S.-China tariff announcements on aggregate returns and the differential returns of … firms exposed to China, we identify their effect on treated and untreated firms. We show theoretically and empirically that …
Persistent link: https://www.econbiz.de/10012481697