Showing 1 - 10 of 313
We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to study the trade-off between efficiency (proxied by...
Persistent link: https://www.econbiz.de/10012511089
and financial variables in the rest of the world. …
Persistent link: https://www.econbiz.de/10012216473
We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...
Persistent link: https://www.econbiz.de/10011647903
Persistent link: https://www.econbiz.de/10009765249
The architecture of supervision - how we define the allocation of supervisory powers to different policy institutions - can have implications for policy conduct and for the economic and financial environment in which these policies are implemented. Theoretically, an integrated structure for...
Persistent link: https://www.econbiz.de/10012009232
rapid increase in the share of China in world trade. As the world is taking the full measure of this phenomenon, tensions … therefore provides an assessment of China’s naturalʺ place in the world economy based on a new set of trade integration … international trade well and confirm that China is already well integrated in world markets, particularly with North America …
Persistent link: https://www.econbiz.de/10003396772
Persistent link: https://www.econbiz.de/10011619813
International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of global value chains (GVCs). This paper studies how two factors contributed to this rise since 1970: (i) declining "border effects" that are arguably related to the ICT revolution...
Persistent link: https://www.econbiz.de/10012216588
We analyze the role of economic and security considerations in bilateral trade agreements. We use the pre-World War I …
Persistent link: https://www.econbiz.de/10011975627
In this paper we examine linkages across non-energy commodity price developments by means of a factor-augmented VAR model (FAVAR). From a set of non-energy commodity price series, we extract two factors, which we identify as common trends in metals and a food prices. These factors are included...
Persistent link: https://www.econbiz.de/10003972625