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Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all signed RTAs are "natural" according to economic determinants. En-dogeneity and general equilibrium effects of RTAS are the two mechanisms addressed in this paper. We estimate...
Persistent link: https://www.econbiz.de/10011822134
This paper studies the role of reduced barriers to international trade from two dimensions: (i) the implementation of Free Trade Agreements and (ii) declining "border effects". Our empirical estimates suggest that diminished border effects accounts for the bulk of the increase in international...
Persistent link: https://www.econbiz.de/10011868281
We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into import prices can be incomplete or complete,...
Persistent link: https://www.econbiz.de/10014465091
In this paper, I estimate the impact of heterogeneity in non-tariff-measures (NTMs) policies on countries' global value chains (GVCs)-related trade and its backward and forward components. I firstly build a regulatory distance (RD) index, which measures the degree of dissimilarity in NTMs...
Persistent link: https://www.econbiz.de/10012662478
The current empirical literature shows that logistics plays a vital role in increasing the total volume of international trade. However, there is scarce literature on the impact of logistics performance on global value chain trade. Therefore, the objective of this paper is to investigate the...
Persistent link: https://www.econbiz.de/10014460382
Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not … Russia's ability to wage war. This paper demonstrates the effectiveness of the sanctions and argues that the EU should … maintain and tighten sanctions, thus further weakening the military and economic power of the Putin regime. …
Persistent link: https://www.econbiz.de/10014334680
conflict between Russia and Ukraine. The impact of the conflict on Russia may have been amplified by sanctions imposed by … Western countries. However, as Russia is heavily dependent on exports of natural re-sources, the oil price decline starting in … rates, oil prices, actual and unanticipated sanctions, we provide evidence on the driving forces of the Ruble exchange rate …
Persistent link: https://www.econbiz.de/10013014506
The imposition of sanctions by foreign countries against Russia since 2014 and their prolongation for the following … the MICEX index in response to sanctions against Russia in 2014–2016. The research methodology is based on the event study … sanctions on such companies. This is indicative of the ineffectiveness of targeted sanctions imposed on Russia. The influence of …
Persistent link: https://www.econbiz.de/10012891301
estimate the impact on firm performance from smart sanctions deployed by the U.S. and EU against Russia beginning in 2014. We …How effective are “smart” sanctions in imposing costs on an adversary? We consider this question in a model where a …-strategic firms under sanctions, implying a cost of shielding to the regime that adds substantially to the total cost of sanctions. …
Persistent link: https://www.econbiz.de/10012871020
The sanctions against Russia, beginning in early 2014, provide us with a unique opportunity to study whether, and how … sanctions affect a vast territorial global superpower. This study attempts to empirically examine the economic impact of this … perceived the economic sanctions as having a negative impact. Second, no regional variations in the impact of the sanctions …
Persistent link: https://www.econbiz.de/10012871821