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The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...
Persistent link: https://www.econbiz.de/10014560198
declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …
Persistent link: https://www.econbiz.de/10010500234
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/10011605216
that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks … DOME database which has been built up at the Kiel Institute of World Economics. On average, performance of merging and non …
Persistent link: https://www.econbiz.de/10010271917
This paper employs a weighted network analysis to study the empirical properties of the world trade web and their …
Persistent link: https://www.econbiz.de/10010328488
In this paper we compare the patterns of trade and financial integration by exploiting network analysis. Our results show that, by combining binary and weighted network analysis, it is possible to deliver more precise and thorough insights on the topological structure and properties of the...
Persistent link: https://www.econbiz.de/10010328391
heterogeneity in the degree of globalization over time and across countries and regions of the World, as well as within countries …The process of globalization is an international economic order which has led to the progressive integration of the … world economy through the pulling the barrier of trade and greater mobility of factors of production. In addition the …
Persistent link: https://www.econbiz.de/10010267513
World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a ?cornersolutions- version? of the gravity model to …
Persistent link: https://www.econbiz.de/10010274453
stands for incomplete globalization. It is shown that the gap has steadily declined for most countries over the sample period …
Persistent link: https://www.econbiz.de/10010283232
.S. output shock as it does to a corresponding euro area shock. The pivotal role of the U.S.A. in shaping the global business …
Persistent link: https://www.econbiz.de/10013370102