Results 1 to 10 of about 75,709 (42)

The Political Economy of International Regulatory Cooperation

open access: yesThe American Economic Review, 2023
We examine international regulatory agreements that are negotiated under lobbying pressures from producer groups. The way in which lobbying influences the cooperative setting of regulatory policies, as well as the welfare impacts of international ...
G. Maggi, Ralph Ossa
semanticscholar   +1 more source

Did Austerity Cause Brexit?

open access: yesThe American Economic Review, 2018
This paper documents a significant association between the exposure of an individual or area to the UK government’s austerity-induced welfare reforms begun in 2010, and the following: the subsequent rise in support for the UK Independence Party, an ...
Thiemo Fetzer
semanticscholar   +1 more source

Sovereign Risk and Bank Lending: Theory and Evidence from a Natural Disaster

open access: yesSocial Science Research Network, 2023
We quantify the sovereign-bank doom loop by using the 1999 Marmara earthquake as an exogenous shock leading to an increase in Turkey’s default risk. Our theoretical model illustrates that for banks with higher exposure to government securities, a higher ...
Vivian Z. Yue   +3 more
semanticscholar   +1 more source

THE IMPACT OF ROAD, RAIL AND PORT INFRASTRUCTURE ON THE ANGOLAN EXPORT GROWTH: AN AUTO-REGRESSIVE DISTRIBUTED LAG ANALYSIS

open access: yesEuropean Journal of Economic and Financial Research, 2023
This study seeks to analyze the impact of investment in road, rail, and port infrastructure on Angola’s exports growth, using imports and GDP per capita as control variables. This study uses annual data for the period 2000-2020.
Pedro Manuel Campos
semanticscholar   +1 more source

International Friends and Enemies

open access: yesSocial Science Research Network, 2020
We examine whether, as countries become more economically dependent on a trade partner, they realign politically toward that trade partner. We use network measures of economic exposure to foreign productivity growth derived from the class of trade models
Benny Kleinman, Ernest Liu, S. Redding
semanticscholar   +1 more source

Staggered Difference-in-Differences in Gravity Settings: Revisiting the Effects of Trade Agreements

open access: yesAmerican Economic Journal: Applied Economics
We nest an extended two-way fixed effect (ETWFE) estimator for staggered difference-in-differences within the structural gravity model. To test the ETWFE, we estimate the effects of regional trade agreements (RTAs). The results suggest that RTA estimates
Arne J. Nagengast, Y. Yotov
semanticscholar   +1 more source

'New' Views on the Optimum Currency Area Theory: What is Emu Telling Us?

open access: yesSocial Science Research Network, 2002
This paper surveys the optimum currency area (OCA) literature. It is organised into four phases: the 'pioneering phase' which put forward the OCA theory and its properties, the 'reconciliation phase' when its diverse facets were combined, the ...
F. Mongelli
semanticscholar   +1 more source

Implementing the African Continental Free Trade Area (AfCFTA): The Effects of Trade Procedures on Trade Flows

open access: yes, 2021
In January 2018, the 10th African Union (AU) Summit of African Heads of States and Governments was held in Kigali. At this occasion, 44 countries had signed the African Continental Free Trade Area (AfCFTA) agreement. In this study, it is pointed out that
Manfred Kouty
semanticscholar   +1 more source

Trade Costs in the Developing World: 1995-2012

open access: yes, 2015
We use new data on trade and production in 167 countries to infer estimates of trade costs manufactured goods and agriculture for 1995-2012. Trade costs are strongly declining in country income level.
J. Arvis, Y. Duval, Ben Shepherd
semanticscholar   +1 more source

The Impact of Brexit on Foreign Investment and Production

open access: yesAmerican Economic Journal: Macroeconomics, 2017
Using simulations from a multi-country neoclassical growth model, we analyze several post-Brexit scenarios. First, the United Kingdom unilaterally imposes tighter restrictions on FDI and trade from other EU nations. Second, the European Uunion retaliates
Ellen R Mcgrattan, Andrea Waddle
semanticscholar   +1 more source

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