In the past decade, there has been a great increase in interest in trade in services. This paper estimates the determinants of trade flows for two service industries, travel and passenger transportation services, for sixteen OECD countries. Traditional and more recent models of import demand and...

In this paper, we investigate the effects of international cross-listings on commonality in liquidity. We find that cross-listings have asymmetric effects on cross-listed stocks׳ liquidity commonality that include reducing the stocks׳ liquidity commonality with the local market and increasing...

Editorial

This paper categorises environmental damage as local, national, transfrontier and international in nature. It argues that since the developed countries’ environmental protection policies aimed at reducing the level of carbon dioxide in the atmosphere will be offset by the expansion of...