Xu (2022) estimates the causal impact of bank failures on the level of trades with a staggered difference-in-differences design and an IV strategy with Bartik instrument, using the 1866 banking crisis as a quasi-natural experiment. Findings, based on historical data on the trades and loans...

Using monthly data on trade in goods between January 2016 and May 2023, this study assesses the impact of recent shocks on the fragmentation of the global economy, looking in particular at the dynamics of friend-shoring, near-shoring and decoupling between the world's two largest economies....

Der Handelskonflikt zwischen den USA und China hat sich in den letzten Monaten deutlich verschärft. Seit dem WTO-Beitritt 2001 hat China seinen Überschuss gegenüber den USA kontinuierlich erhöht. 2018 erreichte er mit 420 Mrd. US-$ ein Rekordniveau. Die US-Regierung verfolgt nun mithilfe von...

Supply chain disruptions, related to natural events or geopolitical tensions, have in recent years prompted policy makers to identify potential vulnerabilities related to critical trade dependencies. These are commercial links that could potentially impose significant economic or societal harm,...

This paper studies the evolutionary characteristics of international trade of potassium salts. We construct a weighted and directed complex network model of potassium salt trade, analyze the scale and activity, trade relations, trade flow distribution and the importance of trading countries...

In this paper, we show that a reduction in capital goods prices induced by trade policies can stimulate both investment and labor. We exploit a quasi-natural experiment in the form of a trade reform in Colombia to study how firms with differential exposure to reductions in capital goods tariffs...

Traditional gravity models posit an inverse relationship between geographical distance and bilateral trade due to increased transportation costs. However, recent literature suggests that bilateral service trade may increase between two countries located at an appropriate geographical distance....

Die Entscheidung des Vereinigten Königreichs, die Europäische Union (EU) zu verlassen, hat bisher keine Nachahmer gefunden. Mit dem Verlust der Integrationsvorteile gehen für das Vereinigte Königreich erhebliche Handelshemmnisse und wirtschaftliche Nachteile einher. Diese negativen...

We study the implications of services trade for firm innovation. Using a quasi-experimental shift-share design, we find that access to foreign knowledge-related services improves the innovativeness of domestic firms and complements their indigenously sourced R&D. To confront this evidence, we...

Why do export sales increasingly concentrate among a few "superstars"? This paper is the first to argue that the expansion of the Internet matters for this phenomenon. Using firm-level customs transaction data from 11 developing countries, we show that the spread of the internet steepens the...