Cen, Ling; Cohen, Lauren; Wu, Jing; Zhang, Fan - National Bureau of Economic Research - 2024
Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade … significantly decreases their trade with these jurisdictions following sanctions, government-linked firms show a marked contrast. In … sanctions. The increase is large - roughly 33% (t=4.01). We find no increase broadly to other countries (even countries in the …