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significant estimation that implies barriers in trade. The model predicts trade integration, especially towards the trade … the gravity equation is used for understanding trade potential, and after some integrations, the estimation is applied for …. The Bayesian experiment for the estimation of the impacts of the trade integration in Asia predicts an increase of GDP …
Persistent link: https://www.econbiz.de/10012493905
This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes …
Persistent link: https://www.econbiz.de/10010348853
. To this end, a simultaneous equation model (SEM) was applied through a weighted two-stage least squares estimation method …
Persistent link: https://www.econbiz.de/10011723759
The impact of globalization on equality has become a serious concern for many countries. More evidence that challenges the theoretical prediction of positive impact of international trade on income distribution has increasingly become available recently. This paper addresses this subject,...
Persistent link: https://www.econbiz.de/10011612155
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10011772161
The high hopes that the Trans-Pacific Partnership (TPP) would open up trade across the Pacific were dashed by the decision of the new US Government under President Trump to withdraw from the agreement in January 2017. Despite being controversial, the TPP had been recognized as an agreement that...
Persistent link: https://www.econbiz.de/10011621255
Digital trade facilitation refers to the application of modern information and communication technologies (ICTs) to simplify and automate international trade procedures. It is rapidly becoming essential to maintaining trade competitiveness and enabling effective participation in cross-border...
Persistent link: https://www.econbiz.de/10011658327
over the world from January 2020 to December 2022, we find a negative impact of the COVID-19 pandemic on trade flow …
Persistent link: https://www.econbiz.de/10015071817
The People's Republic of China (PRC) has received enormous inflows of foreign direct investment (FDI) in recent years, including significant flows from Japan and the United States (US). We examine these investment flows in detail to gain perspectives on their relative importance for the three...
Persistent link: https://www.econbiz.de/10003901563
The Asia and Pacific region and Latin American and Caribbean region are two regions divided not only by vast geographic distance, but also by disparities in economics, politics, culture, and history. Most recently, a number of forums explored the possibility of closing such gaps and linking the...
Persistent link: https://www.econbiz.de/10003983427