On June 23, 2016, United Kingdom (UK) voters decided to leave the European Union (EU), thereby starting a process commonly known as Brexit. British Prime Minister Theresa May invoked EU Article 50 on March 29, 2017. The invocation of EU Article 50 puts the UK on a course to leave the EU by 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....

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...

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...

This paper shows that the opportunity costs resulting from economic interdependence decrease the equilibrium probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the inverse trade-conflict relationship, but is the opposite...

We investigate whether corporate insiders attempt to circumvent insider trading restrictions by using their private information to facilitate trading in economically-linked firms, a phenomenon we call “shadow trading.” Using measures of informed trading to proxy for shadow trading, we find...

Purpose – The paper aims to identify synergies between the Belt Road Initiative (BRI) and UN Sustainable Development Goals (SDGs) from the perspective of sustainable infrastructure development. Design/Methodology/Approach – The paper analyzes the long-run empirical relationship between...

Adoption of NEP in 1990-91 was designed primarily to replace slowly growing closed Indian economy by rapidly growing open economy. The study determines the degree of openness of Indian economy and the profile of time path traversed towards this goal under NEP. The opening up of the closed...