Showing 1 - 10 of 170
In the 2000s, China's WTO entry constituted a major trade shock. In this paper, we analyze its eff ects on trade and value chains. The fragmentation of the global value chain makes it hard to disentangle who produces for whom. Value added trade contains this information. We build a multi-sector...
Persistent link: https://www.econbiz.de/10010396894
We study the multifaceted effects and persistence of trade policy shocks on financial markets in a structural vector autoregression. The model is identified via event day heteroskedasticity. We find that restrictive US trade policy shocks affect US and international stock prices heterogeneously,...
Persistent link: https://www.econbiz.de/10012287817
Foreign economic activity is a major determinant of export development. This paper presents an indicator for now- and forecasting exports, which is based on survey data that captures foreign economic performance. We construct an indicator by weighting foreign PMIs of Switzerland's main trading...
Persistent link: https://www.econbiz.de/10011301426
, incentives to bluff. Under a reward regime, targets can bluff in order to extort larger inducements. Under a sanction regime …, targets can bluff in order to deter coercion attempts. I find that while sanctions are a weakly dominant tool of influence … committing to a certain course of action for the entire duration of interaction. Moreover, using rewards and sanctions in …
Persistent link: https://www.econbiz.de/10012099161
We empirically analyze the effect of UN and US economic sanctions on life expectancy and its gender gap in target … matching approach to account for the endogeneity of sanctions. Our results indicate that an average episode of UN sanctions … sanctions is significantly smaller. In addition, we find evidence that women are affected more severely by the imposition of …
Persistent link: https://www.econbiz.de/10011892010
We examine the impact of revocation of tariff exemptions on exports of developing countries, using data from the cases of Competitive Needs Limits (CNL) built into the Generalized System of Preferences (GSP). CNLs are arguably imposed on super competitive GSP beneficiaries and aim to limit their...
Persistent link: https://www.econbiz.de/10010305604
Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a quantitative trade framework which explicitly models labor...
Persistent link: https://www.econbiz.de/10010329351
We investigate the effect of economic integration agreements on the stability of international trade at the 4 digit SITC level. Using annual trade data for over 180 countries from 1962 to 2005 we examine how economic integration agreements affect the length of trade relationships, the volume at...
Persistent link: https://www.econbiz.de/10010329490
The number of bilateral and multilateral trade agreements has surged in recent years. In order to benefit from preferential tariff rates,firms must apply and comply with rules of origin requirements. This is costly and explains why preference utilization rates (PUR) are far below 100 percent. In...
Persistent link: https://www.econbiz.de/10012099201
Persistent link: https://www.econbiz.de/10014363722