This paper explores the welfare implications of the current US protectionist non-cooperative trade policy and potential responses by the EU and China. Using a structural gravity approach, we evaluate three retaliatory scenarios. Our estimates suggest that the impact of this trade war on the US...

Cities in transition face a unique set of challenges that came forth due to interplay of the legacy of socialist urban policies and transition to the market economy. The socialist urban policies restrained growth of the largest cities and distorted the spatial equilibrium towards more uniform...

This paper analyzes whether the three-point rule in soccer brought more action to the game for a large sample of European championships in 1990-1997, revealing team-specific heterogeneity of responses caused by differences in team tactics in the period prior to the rule change. Teams that relied...

This paper applies a non-parametric heteroscedasticity and autocorrelation consistent (HAC) estimator of error terms in the context of the spatial autoregressive model of GDP per capita convergence of European regions at NUTS 2 level. By introducing the spatial dimension, it looks how the...

We examine spatial spillovers between countries in the development of institutions. Our dependent variables are three measures of institutions that relate to politics, law, and governmental administration. The major explanatory variable on which we focus is a spatial lag of the dependent...

Taking price changes from the Global Trade Analysis Project (GTAP) model of world trade, the authors use a small open economy computable general equilibrium comparative static model of the Russian economy to assess the impact of global free trade and a successful completion of the Doha Agenda on...

In the middle of the 1990s, the European soccer body UEFA recommended to the National Soccer Federations that they should reward three points for a win instead of two points as under the old regulations. Soon, this new system was universally adopted by all countries. The purpose of this change...

Rutherford, Tarr, and Shepotylo use a computable general equilibrium comparative static model of the Russian economy to assess the impact of accession to the World Trade Organization (WTO) on income distribution and the poor. Their model is innovative in that they incorporate all 55,000...

Adopting a novel method of synthetic difference-in-differences (SDID), this paper examines the causal impact of the Brexit referendum on the services exports of the UK and other major services exporters. It provides a comparative analysis of, inter alia, Germany, Ireland, and the UK, and...