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Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the … larger positive GDP growth comovement, while higher import linkages lead to higher negative employment growth comovement …. Furthermore, the decomposition of aggregate BC comovement shows that the increase in trade with China has contributed the most to …
Persistent link: https://www.econbiz.de/10012868264
"deaths of despair,'' general demand for opioids, or job losses from import competition. Our results suggest that fentanyl …
Persistent link: https://www.econbiz.de/10014437016
Since the emergence of COVID-19 pandemic, there have been growing concerns about the policy measures that states have continued to adopt in pursuit of a resilient recovery and more importantly, the implications of such policies on the future of international trade. This paper explores some of...
Persistent link: https://www.econbiz.de/10014083082
The main aim of this paper is to analyze US-China trade relations and the so-called "trade war" between the two … eagerly following a protectionist trade policy toward China and fighting with some of America's oldest trading partners … other leading economic actors have underestimated China's rapid economic growth and were unprepared for the dawning of new …
Persistent link: https://www.econbiz.de/10012111239
The trade discussions between the U.S. and China are on-going. Not much is known about the shape and nature of a … suggest that, in the absence of a meaningful boost in China's domestic demand and imports, bilateral purchase commitments are …, machinery, and electronics by China. At the same time, a deal that puts greater emphasis on commodities would put small …
Persistent link: https://www.econbiz.de/10012843524
Aid for Trade supports developing and least-developed countries in building their trade capacity and in increasing their exports by turning market access opportunities into market presence. It does so by addressing four key areas: trade policy & regulations; economic infrastructure; building...
Persistent link: https://www.econbiz.de/10012009093
In this paper, I analyze recent findings by Coe and Helpman (1995) of trade-related international R&D spillovers. I show generally that randomly created bilateral trade shares also give rise to large estimated international R&D spillovers; often, in fact, to larger estimated spillover effects...
Persistent link: https://www.econbiz.de/10014190059
The Philippines has been more cautious in its policy towards free trade agreements (FTAs) than other ASEAN member states, having signed, so far, only one bilateral agreement with Japan in addition to the various ASEAN+1 agreements. While the Government is expected to progressively reduce...
Persistent link: https://www.econbiz.de/10010505098
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10011772161
This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes, and while PTAs are without doubt here to stay, dispensing with a multilateral venue for doing business in trade matters is not a serious option. It is therefore necessary to...
Persistent link: https://www.econbiz.de/10010348853