Fotak, Veljko; Megginson, William L.; Tsai, Yi-Da - 2022
”), or whether the infrastructure investment leads to an increase in overall trade (a “lifting all boats hypothesis”). Our …-border economic activity (imports, exports, and M&A flows) with China is accompanied by a decrease in activity with third party … aligned with China, but less with countries that have recently been visited by the Dalai Lama. Overall, our evidence points to …