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Trade Effects of the New Silk Road : A Gravity Analysis

Baniya, Suprabha - 2019

This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...

Persistent link: https://www.econbiz.de/10012895212

Political Leadership, Conflict, and the Prospects for Constitutional Peace

Jennings, Colin - 2016

The emphasis on constitutional political economy has been that new rules and institutions can be devised that improve the welfare of a society. Given the number of societies that are infected with political conflict and, as a result, lower levels of welfare, this paper attempts to analyze why we...

Persistent link: https://www.econbiz.de/10012747780

Financial Development in Asia : Beyond Aggregate Indicators

Didier, Tatiana - 2017

This paper documents the major trends in financial development in Asia since the early 1990s and the spillovers to … firms. It compares Asia with advanced and emerging countries and uses both aggregate and disaggregate indicators. Financial … systems in Asia remain less developed than in advanced countries but more developed than in Eastern Europe and Latin America …

Persistent link: https://www.econbiz.de/10012973555

How Much Will the Belt and Road Initiative Reduce Trade Costs?

de Soyres, Francois - 2018

This paper studies the impact of transport infrastructure projects of the Belt and Road Initiative on shipment times and trade costs. Based on a new data on completed and planned Belt and Road transport projects, Geographic Information System analysis is used to estimate shipment times before...

Persistent link: https://www.econbiz.de/10012909447

Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation

Mattoo, Aaditya - 2018

Decades of services trade negotiations have produced a plethora of rules and commitments but limited real liberalization. One reason is a form of "negotiating tunnel vision," which has led to a focus on reciprocal market opening rather than on creating the regulatory preconditions for...

Persistent link: https://www.econbiz.de/10012911376

Who Wins, Who Loses? Understanding the Spatially Differentiated Effects of the Belt and Road Initiative

Lall, Somik V. - 2019

costs to international gateways in Central Asia to identify which places are likely to gain and which places are likely to …

Persistent link: https://www.econbiz.de/10012888980

Reducing Environmental Risks from Belt and Road Initiative Investments in Transportation Infrastructure

Losos, Elizabeth Claire - 2019

The Belt and Road Initiative, due to its diverse and extensive infrastructure investments, poses a wide range of environmental risks. Some projects have easily identifiable and measurable impacts, such as energy projects' greenhouse gas emissions. Others, such as transportation infrastructure,...

Persistent link: https://www.econbiz.de/10012894083

Trade Flows and Trade Disputes

Bown, Chad P. - 2017

This paper introduces a new data set and establishes a set of basic facts and patterns regarding the trade that countries fight about under World Trade Organization (WTO) dispute settlement. The paper characterizes the scope of products, as well as the levels of and changes to the trade values,...

Persistent link: https://www.econbiz.de/10012972945

Recent Perspectives on Trade and Inequality

Harrison, Ann E. - 2017

The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality, as it became clear that rising inequality in low-income countries and other features of the data were inconsistent with that model. As a result, economists moved away from...

Persistent link: https://www.econbiz.de/10012975846

Is 3D Printing a Threat to Global Trade? The Trade Effects You Didn't Hear About

Freund, Caroline - 2019

In the mid-2000s, the production of hearing aids shifted almost entirely to 3D printing. Using difference-in-differences and synthetic control methods, this paper examines the effects of this shift on trade flows. The analysis finds that trade increased roughly 60 percent following the...

Persistent link: https://www.econbiz.de/10012859518