Showing 1 - 10 of 501
the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, the paper shows how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden … trade increases the likelihood of default. A sudden stop takes place when the borrowers reject the amount that lenders want …
Persistent link: https://www.econbiz.de/10010278261
Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in … problem that trade is endogenous. Using the gravity instrument for trade openness, which is constructed from geographical … determinants of bilateral trade, this paper finds that openness indeed makes countries less vulnerable, both to severe sudden stops …
Persistent link: https://www.econbiz.de/10010278282
the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, I show how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden stops. In … debt is more attractive. Therefore, conditional on the amount that lenders are willing to loan, decreased exposure to trade …
Persistent link: https://www.econbiz.de/10010397715
The emergence of global value chains not only leads to a magnification of trade in intermediate inputs but also to an … context of the China-U.S. trade negotiations. This paper analyzes the strategic interaction of tariff policies and the …
Persistent link: https://www.econbiz.de/10012030292
The gravity model of trade is used to assess the economic consequences of new borders, which arose in the wake of break …-ups of multinational federations in Eastern Europe. The intensity of trade relations among the constituent parts of … Czechoslovakia, Soviet Union and the Baltics was very high around the time of disintegration, exceeding the normal level of trade …
Persistent link: https://www.econbiz.de/10013369959
While most countries have harmonized intellectual property rights (IPR) legislation, the dispute about the optimal level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the classical North-South assumptions to study (a)...
Persistent link: https://www.econbiz.de/10010305986
This paper investigates economic and political determinants of protection across the secondary (manufacturing) sector. Economic factors can be summarized by the infant industry argument and we expect industries which are relatively efficient compared to the rest-of-the-world to have low levels...
Persistent link: https://www.econbiz.de/10010334289
for adverse effects of regulatory heterogeneity on intra-EU trade in the pre-harmonization period, which questions the …
Persistent link: https://www.econbiz.de/10012099543
of trade flows in environmental goods (EG) on total CO2 and SO2 emissions. Our system-GMM estimations reveal positive … recurrently found to face increased pollution (in particular CO2 emissions) due to direct scale-composition effects of trade in …-induced effects. We show that the direct, indirect and total effects of trade in EGs depend on the country’s net trade status, the EGs …
Persistent link: https://www.econbiz.de/10011816759
Since the 1960's, the EU has offered trade preferences to developing countries in a complex set of systems. Broadly … and the Generalised System of Preferences (GSP). We construct a detailed database over these trade preferences and use it …
Persistent link: https://www.econbiz.de/10013208497