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This paper investigates the determinants of the different forms taken by regional integration in different parts of the world. This raises the issue of the relationship between economic and political integration. The theoretical model shows that, in an insecure world, the interplays between...
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The US-China trade deal has received at best a lukewarm initial reception from the trade policy community. China is to … by 7.5% on imports from China of US$120 billion of goods. However, the economics of these commitments have to be worked … real GDP gains for the United States could amount to as much as 0.15% in 2021 above baseline, while China could turn the …
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the US-China trade war broadly elevated political risks for multinational corporations (MNCs) operating in China … entrenchment determines resilience to risk at the firm level. Using a new dataset on all foreign-invested firms registered in China … political risks on MNC exit in the context of the US-China trade war. Our findings show that US and allied firms were not more …
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This paper provides evidence on the consumption effects of trade shocks by exploiting changes in US and Chinese trade policy between 2017 and 2018. The analysis uses a unique data set with the universe of new auto sales at the US county level, at a monthly frequency, and a simple...
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