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The number of immigrants across the world has doubled since 1980. The estimates of the impact of immigration on wages …
Persistent link: https://www.econbiz.de/10010326500
to the assessment of financial risk: namely Regular Vine copulas. Dependence modeling using copulas is a popular tool in … the attractions of this approach to risk modelling is the flexibility in the choice of distributions used to model co-dependencies. …
Persistent link: https://www.econbiz.de/10010326548
The concept of like services and service suppliers used in the General Agreement on Trade in Services (GATS) is still very much uncharted territory. The few dispute cases involving national treatment and most-favoured-nation treatment claims under the GATS are vague concerning the criteria which...
Persistent link: https://www.econbiz.de/10010326688
This paper attempts to fill a gap in the trade literature by providing a comprehensive overview of services liberalization commitments in the new generation of preferential trade agreements (PTAs) as compared to prevailing GATS commitments and Doha Round offers. By developing a new database, the...
Persistent link: https://www.econbiz.de/10010326693
In this paper we examine the impact of major disasters on international trade flows using a gravity model. Our panel data consists of more than 170 countries for the years 1962-2004 yielding approximately 300,000 observations. We find that the driving forces determining the impact of such events...
Persistent link: https://www.econbiz.de/10010326694
The status of public services is one of the most hotly debated issues surrounding the GATS. There are two approaches to distinguish such services from any other services: an institutional approach that focuses on the legal and institutional conditions governing supply (e.g. ownership status,...
Persistent link: https://www.econbiz.de/10010326697
Over the past months, it has become increasingly clear that the services negotiations under the Doha Development Agenda will not produce significant improvements on current commitments unless major new impetus is provided. In an introductory section, this paper discusses various impediments,...
Persistent link: https://www.econbiz.de/10010326699
We find robust evidence of a positive and significant relationship between the volumes of traffic and the degree of liberalization of the aviation market. An increase in the degree of liberalization from the 25th percentile to the 75th percentile increases traffic volumes between countries...
Persistent link: https://www.econbiz.de/10010326719
in the context of risk assessment for international standard-setting at CODEX and in WTO trade disputes. In particular …
Persistent link: https://www.econbiz.de/10010326720
We show that exposure to country specific shocks has a positive and significant impact on GDP volatility. In particular, we find that the degree to which the cycles of different trading partners are correlated is more important in explaining exporters’ GDP volatility than the volatility of...
Persistent link: https://www.econbiz.de/10010326723