The paper investigates how war and the war-related government policies affected economic activity of the separatist-controlled areas of Ukraine. Using the unexpected outcome of the territorial expansion of the separatists in Ukraine, the paper estimates the impact of two events on the...

Canadian GNP per capita fell by roughly a third between 1928 and 1933. Although the decline and the slow recovery of GNP resemble the American Great Depression, trade was more important in Canada, as exports and imports each accounted for roughly a quarter of Canadian GNP in 1928. The fall in...

We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption, incorporating adoption barriers, international technology spillover, and relative price advantages. A higher FDI conversion efficacy, a lower adoption barrier, or a stronger...

A brief analysis of the different demographic tendencies that will affect the 65 countries of the Belt and Road Initiative allows to point out that they are largely spread along the path of the demographic transition so that in some working age population will dramatically decline, in others...

Exports in Russia dropped to $129.7bn in H1 2016, representing 71.3% and 50.8% of what they were in H1 2015 and H1 2014, respectively. Russia's share of global exports of all goods stood at 2.1% at 2015 year end, down 6 p.p. from 2.7% in 2014. The share of Russia exports in global markets of...

Germany should pay more attention to risks in procurement, manufacturing and sales in China. First, China’s population has been shrinking since 2022 and is rapidly ageing; this will cause its economic strength as well as production and consumption opportuni-ties to decrease. Secondly, the...

The UK's exit from the EU can affect Russia primarily through an increase in volatility in the world markets and the consequent reduction in medium term oil prices. Impacting Russia directly through trade is less likely. First, the United Kingdom accounts for about 2% of Russia' trade turnover....

In 2013 China launched the Belt and Road Initiative (BRI), including in Indonesia a “Twenty-first Century Maritime Silk Road (Road)” that crosses the Indian Ocean (IO) and continues up into the Mediterranean. For Africa this produced an early Eastern focus for which there has been no...

This paper examines the impact of Brexit on international student migration. In a structural gravity model, we estimate student migration between 69 countries for counterfactual scenarios in which the United Kingdom leaves the European Union one year before the referendum. This exercise reveals...