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This study estimates the effect of trade facilitation measures implementation on trade costs in Asia and the Pacific using data from the United Nations Global Survey on Trade Facilitation and Paperless Trade Implementation. Impact of different sets of measures are considered, from a basic set of...
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: transparency, "complete" opaqueness of all order flow, and "partial" opaqueness (with observable DM trades). A key result is that … the interaction of trading systems generates systematic patterns in order flow for the transparency and partial opaqueness … settings. The precise nature of these patterns depends on the degree of transparency at the CN. While unambiguous with a …
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As the process of globalisation of the world economy progresses, the degree of international competition among enterprises increases as well. Yet not all industries or branches are affected to the same extent by this development. One of the most important factors which determine the degree of...
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The globalisation of the world economy increases international competition among companies. However, not all industries will be affected by the same extent. The degree of globalisation of an industry will be particularly influenced by the level of transaction costs. Low transaction costs will...
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