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regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international …
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This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
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estimation approach, we find that WTO membership has promoted world trade to a larger extent than Rose's results seem to indicate. …
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The growing weight of the People's Republic of China (PRC) in the world economy, measured by gross domestic product …
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Weltwirtschaft und von außerhalb des Instituts Antworten auf die drängenden Fragen: Wie verändert die Krise unsere Welt? Wird diese …The COVID-19 virus has spread to 215 countries, virtually covering all areas of the world, and has plunged the world in … impact: when countries are connected by trade in goods, when a lockdown closes factories in one place of the world, essential …
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, protectionism, and globalization. We find that preferences for open-market trade policies cannot be sufficiently explained by …-suited predictors for the substantial cross-regional variation in the support for globalization. Country specific narratives are …
Persistent link: https://www.econbiz.de/10012227049
Cultural proximity increases bilateral trade flows through a trade-cost and a bilateral-affinity (preferences) channel. Conventional measures of cultural proximity, such as common language, common religion, etc., do not allow to separately quantify those channels empirically. We argue that...
Persistent link: https://www.econbiz.de/10010301812