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Rare earth elements (REEs) have gained increasing attention recently for several key reasons: 1) they are vital to many strategic industries, 2) they are relatively scarce, 3) they frequently exhibit high price fluctuations, 4) China holds a quasi-monopoly on their mining, and 5) China's REE...
Persistent link: https://www.econbiz.de/10012934232
This paper studies the relationship between export policy and food prices. We show that, when individuals are loss averse, food exporters may use trade policy to shield the domestic economy from large price shocks. This creates a complementarity between the price of food in international markets...
Persistent link: https://www.econbiz.de/10013315923
In the midst of the recovery from the COVID-19 pandemic, trade and economic growth face new challenges as the Russian Federation’s large-scale war against Ukraine has increased uncertainty and tensions along supply chains and the People’s Republic of China’s trade performance has fallen...
Persistent link: https://www.econbiz.de/10014491268
In observing British pound spot prices and European sugar import prices over the 2004–2016 period, an unusually strong currency-commodity correlation is detected and statistically validated. This correlation is the result of a single firm dominating European refining, effectively fixing the...
Persistent link: https://www.econbiz.de/10013184332
Singapore industrialised rapidly with continuously high growth rates since its independence in 1965 and its population … during the same period of time almost tripled. With development at this scale, Singapore had to grow in number of industrial …, Cambodia and Vietnam) for its sand supply. All major sand supplying countries successively prohibited sand exports to Singapore …
Persistent link: https://www.econbiz.de/10010352767
Singapore industrialised rapidly with continuously high growth rates since its independence in 1965 and its population … during the same period of time almost tripled. With development at this scale, Singapore had to grow in number of industrial …, Cambodia and Vietnam) for its sand supply. All major sand supplying countries successively prohibited sand exports to Singapore …
Persistent link: https://www.econbiz.de/10010955086
Singapore industrialised rapidly with continuously high growth rates since its independence in 1965 and its population … during the same period of time almost tripled. With development at this scale, Singapore had to grow in number of industrial …, Cambodia and Vietnam) for its sand supply. All major sand supplying countries successively prohibited sand exports to Singapore …
Persistent link: https://www.econbiz.de/10010348442
This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...
Persistent link: https://www.econbiz.de/10013465726
Economic theory suggests that countries' tariff commitments in trade agreements reflect their import market power at the time of negotiations. However, as countries grow, their market power in different sectors can change in unforeseen ways and their commitments may no longer reflect changed...
Persistent link: https://www.econbiz.de/10013465908
International economic sanctions have become increasingly important as alternatives to military conflict since the end of the Cold War. This chapter surveys various approaches to the study of economic sanctions in both the economics and international relations literatures. Sanctions may be...
Persistent link: https://www.econbiz.de/10014024402