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The Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership will impact on substantive market regulations in a wide a range of areas bearing on market access, both by establishing substantive new horizontal and sectoral standards and by establishing requirements regarding...
Persistent link: https://www.econbiz.de/10013003154
While to an economist, business person or policy maker, movement of goods, services and foreign direct investment should logically be covered in the same agreement, history has not allowed this to happen. International legal regimes are spinning into greater fragmentation as the number of...
Persistent link: https://www.econbiz.de/10013084312
The Belt and Road Initiative (BRI) initiated by China in 2013 is a new experiment in regional cooperation, which aims to improve infrastructure connectivity through investment. This paper investigates whether the BRI created exports for its member states (excluding China), based on a...
Persistent link: https://www.econbiz.de/10014288625
We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...
Persistent link: https://www.econbiz.de/10011647903
Persistent link: https://www.econbiz.de/10014512479
Whether cross-border financial market integration has raised global insurance, is still a controversial issue in the literature. If this is so, what should we observe in the data? The insurance literature emphasizes that efficient risk-sharing requires financial markets to channel resources to...
Persistent link: https://www.econbiz.de/10013131344
India is becoming a key player in the global economy. It performs well in exporting information and technology services, pharmaceuticals and petroleum products. India’s large diaspora is well integrated abroad, helping to develop new export markets and facilitate the transfer of technology and...
Persistent link: https://www.econbiz.de/10012203276
Emerging Market economies have experienced periods of gradual and persistent appreciation in the real exchange rate, persistent current account deficits alongside high levels of foreign investment flows in an expansion phase followed by a contractionary phase of a sharp downward correction in...
Persistent link: https://www.econbiz.de/10014034542
Could foreign direct investment (FDI) contribute to improving developing countries' participation in global value chains (GVC)? This is the main issue addressed in this paper. Indeed, FDI seems to be, at least theoretically, a mean to speed up developing countries' participation in GVCs in a...
Persistent link: https://www.econbiz.de/10012825914
127 advanced and developing countries. We provide evidence that this is a result of an increase in financial globalization … (stock of external assets and liabilities). This dominates the effect of an increase in trade globalization (exports plus … shocks we show that the theoretical impact of financial and trade globalization on the correlation between capital inflows …
Persistent link: https://www.econbiz.de/10014048618