Results 221 to 230 of about 176,693 (307)

Trade in Value‐Added and the Welfare Gains of International Fragmentation

open access: yesReview of International Economics, Volume 34, Issue 1, Page 39-62, February 2026.
ABSTRACT This study examines the overall impact of international production fragmentation on the welfare gains from trade. Using a novel model that accounts for shifts in preferences between local and foreign goods and distinguishes between intermediate and final goods trade, we gain a more nuanced understanding of how fragmentation shapes these ...
Arnold Njike
wiley   +1 more source

On the Provision of International Public Goods in Dynamic Open Economies

open access: yesReview of International Economics, Volume 34, Issue 1, Page 198-218, February 2026.
ABSTRACT This study develops a dynamic two‐country model with an international public good, the stock of which positively affects the productivity of the private‐goods sectors in each country, and the evolution of the stock is determined by each country's voluntary contribution in the form of public investment. Two scenarios are examined: A cooperative
Akihiko Yanase
wiley   +1 more source

Goldilocks: American Precious Metals and the Rise of the West

open access: yesReview of Income and Wealth, Volume 72, Issue 1, February 2026.
ABSTRACT We estimate the contribution of the American precious metal windfall to Western Europe's growth performance in the early modern period. The exogenous nature of American precious metal extraction allows for the identification of monetary effects.
Yao Chen, Nuno Palma, Felix Ward
wiley   +1 more source

Robust estimation of a Markov chain transition matrix from multiple sample paths

open access: yesStatistica Neerlandica, Volume 80, Issue 1, February 2026.
Markov chains are fundamental models for stochastic dynamics, with applications in a wide range of areas such as population dynamics, queueing systems, reinforcement learning, and Monte Carlo methods. Estimating the transition matrix and stationary distribution from observed sample paths is a core statistical challenge, particularly when multiple ...
Lasse Leskelä, Maximilien Dreveton
wiley   +1 more source

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