We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a simple model of trade, in which a natural resource like oil is contested by competing groups using real resources ("guns"). Thus, conflict is viewed as ultimately stemming from...

Flexible exchange rates can facilitate price adjustments that buffer macroeconomic shocks. We test this hypothesis using adjustments to the gold standard during the Great Depression. Using prices at the goods level, we estimate exchange rate pass-through and find gains in competitiveness after a...

The People's Republic of China experienced a tremendous economic development within the last four decades. The increased economic power and political weight of China are challenging the USA and EU. Furthermore, the strategies used by China for its own development, e.g. broad-based industry...

This study investigates the impact of global crisis shocks on India's trade and industry. We use both panel data modeling and vector autoregression techniques to understand the dynamic effects of global crisis shocks on Indian industry and trade. The estimated results of panel data models show...

Seit Juni 2013 wird das transatlantische Freihandelsabkommen zwischen der EU und den USA verhandelt. Die Kritiker befürchten einen Abbau bestehender Standards im Umwelt- und Verbraucherschutz und bei den Arbeitnehmerrechten. Die Befürworter rechnen mit großen Wohlfahrtsgewinnen für beide...

Global trade contracted quickly and severely during the global crisis. This paper, using a unique dataset of French firms, matching together export data with firm-level credit constraints, shows that most of the 2008-2009 trade collapse is accounted by the unprecedented demand shock and by...

The increasing interdependence of world economies influenced largely by the cross-border flow of trade have enormous impacts on climate change. The purpose of this paper is to explore the effects of globalization on international trade as well as examine the ways in which trade between countries...

It is argued that international trade connected with overall liberalization can lead to economic growth. This view comes from neoclassical trade theory, which is known for its support of an open economy. This article analyses the position of selected regional integration groups (mostly...

The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mostly been analysed at the macroeconomic or sectoral level. However, heterogeneous exporters in terms of productivity, size or external finance dependence should be hit differently by...

In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by itself) to a sizable and statistically significant...