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? When does leadership improve global welfare? The answer depends on how transparent the leader’s abatement technology is for … global welfare unless the crowding-out effect is weak. If there is transparency and the follower can benefit from technology … spillover effects, leadership reduces global welfare unless the spillover effect is sufficiently large. I find that transparency …
Persistent link: https://www.econbiz.de/10012509563
Brazil, the Russian Federation, India and China (Coined under the acronym BRIC at the end of 2001) are alongside the United States of America (USA), Canada, Japan, Mexico and South Africa the strategic partners of the European Union (EU). Although the relationships between the EU and each of the...
Persistent link: https://www.econbiz.de/10013067810
The paper delineates three debates, which will be conflated: One line of discussion relates to public goods at transnational level. Here, the referencing of debates regarding the characteristics of “a common good” will be of significance. A second strand addresses the group of countries...
Persistent link: https://www.econbiz.de/10012960431
This chapter contributes to comparative regionalism studies by exploring the Belt and Road Initiative (BR) as an emerging regionalism project. We start by stating a need for broad conceptual frameworks to study the BR dynamics and consider the “world of regions” framework as such an...
Persistent link: https://www.econbiz.de/10012900260
This paper reviews the literature on the likely economic consequences of Brexit and considers the lessons of the Brexit vote for the future of European and global integration. Brexit will make the United Kingdom poorer because it will lead to new barriers to trade and migration between the...
Persistent link: https://www.econbiz.de/10012945058
We examine the role of bilateral political relations on cross-border merger and acquisition (M&A) activities. Based on a large sample of cross-border deals during 1990- 2010, we find strong and robust evidence that bilateral political relations have large and significant causal effects on...
Persistent link: https://www.econbiz.de/10012979073
Measures of bilateral political relations are typically long-memory (fractionally integrated) processes. Appropriate inference and interpretation of this property hinges on the underlying reasons behind it. There are three possible explanations: (i) mechanical aggregation, (ii) bilateral...
Persistent link: https://www.econbiz.de/10012861056
This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister Theresa May's weak political leadership. The Prime Minister focused on securing the short-term political survival of her government amidst turbulent and fractious domestic...
Persistent link: https://www.econbiz.de/10012861473
In this paper, we assess the implications of changes in bilateral diplomatic relations with the United States for economic relations. We identify countries whose relations with the US changed during two historic and significant milestones in the past three decades, and a third group of countries...
Persistent link: https://www.econbiz.de/10013045126
U.S. lawmakers and analysts see China's efforts to control much of the South China Sea as a serious threat, endangering regional security, freedom of navigation, and the liberal world order. This paper finds that political leaders and experts exaggerate the dangers of China's South China Sea...
Persistent link: https://www.econbiz.de/10012928927