How is exchange rate pass-through (ERPT) measures affected by increasing participation in global value chains? This paper measures ERPT for value-added trade, where intermediate inputs are shared among countries in a back-and-forth manner for producing a single final product. Estimation of...

This paper examines the relationship between individuals’ migration decisions and risk attitudes. We use the Two-Sample Two-Stage Instrumental Variable (TS2SIV) technique to measure relative risk aversion and its impact on migration. Using the probit model, we find that more risk-averse people...

This paper examines the impact of immigration on bilateral trade using a panel dataset of exports from 18 top migrant destinations (countries) to 69 top emigrant sources (countries) over five decades. Using various specifications of the gravity equation, we find that immigrants' ethnic network...

Sustainable Development is the prime concern in development policy making all around the world. Environmental Goods and Services (EGS) play a vital role in sustainable development. Increasing access to and use of EGS can help in reducing air and water-pollution, improving energy and...