I provide evidence on the impact of foreign competition on firms' propensities to engage in mergers and acquisitions. Using import tariff reductions as exogenous shocks that increase foreign competition, I find that affected firms are more likely to make acquisitions following tariff reductions....

The aim of the research presented in this paper is to assess the competitive potential of Polish agriculture (potential competitiveness) and the competitive position of the Polish agri-food sector on the Single European Market (SEM) with reference to the global context. The conducted research...

World Bank demographic and country characteristic statistics identify 16 small landlocked countries that are similar to Lesotho. The authors attempt to determine what useful policy information can be derived from the recent trade performance of these "comparators." Among questions they pose are...

Brazil is currently immersed in the project of building a new common market, known as MERCOSUR, with its neighbors Argentina, Uruguay and Paraguay. It has largely been assumed that this project will produce economic growth and therefore be beneficial for the environment. However, this assumption...

Turkey's export growth has been increasing since 1980 and reached its peak in 2011 despite declines in different periods. The 2008 economic crisis that overvalued the exchange rates was a big obstacle to overcome for the Turkish exporters, and this diminishes their returns and thus lessened...

This paper explores international trade data, classified by technology-intensiveness and type of products, to identify stylized facts, strengths, and weaknesses of the trade patterns in the region of Central America and the Dominican Republic between 1975 and 2016. I focus the analysis not only...

Für die wirtschaftspolitische Analyse ist die Betrachtung bilateraler Handelssalden nur begrenzt sinnvoll. Es kommt auf den Wertschöpfungsgehalt des Handels an, denn dieser ist für die heimische Wohlfahrt, für heimische Löhne, Kapitaleinkommen und Steueraufkommen maßgeblich. Die...

Although it is well-known that a global trade regime best ensures economic welfare, there has nevertheless been a proliferation of free trade agreements (FTAs) between individual countries. This poses the challenge known as the “noodle bowl effect” — stemming from different rules of...

The US-China trade war forced a reluctant semiconductor industry into someone else’s fight, a very different position from its leading role in the 1980s trade conflict with Japan. This paper describes how the political economy of the global semiconductor industry has evolved since the 1980s....

This note points out that the treatment by many texts of export subsidies in a competitive market contains an error. The error is shown to be present in both partial equilibrium and general equilibrium models. The paper also considers the ranking of export subsidies, production subsidies and a...