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2015

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Articles 1 - 30 of 218

Full-Text Articles in International Economics

Import Quota Allocation Between Regions Under Cournot Competetion, Abdessalem Abbassi, Lota Tamini, Ahlem Dakhlaoui Dec 2015

Import Quota Allocation Between Regions Under Cournot Competetion, Abdessalem Abbassi, Lota Tamini, Ahlem Dakhlaoui

abdessalem abbassi

The paper analyzes the impact of import quotas on the welfare of different regions belonging to a single country. The regions compete with one another using Cournot conjectures and international trade is hindered by import quotas. Our results can help the country to determine the optimal import quotas and the best way to allocate import permits between regions. Wefind three mains results. First, we show how the world price, the difference in production costs between regions and the relative market size determine the allocation of import quotas, the interregional trade and the rent of import permits holders. Second, we show ...


Fish Landings At The World’S Commercial Fishing Ports, Tim Huntington, Fiona Nimmo, Graeme Macfadyen Dec 2015

Fish Landings At The World’S Commercial Fishing Ports, Tim Huntington, Fiona Nimmo, Graeme Macfadyen

Journal of Ocean and Coastal Economics

In 2009, the United Nations Food and Agriculture Organization (FAO) adopted the Agreement on Port State Measures to Prevent, Deter and Eliminate Illegal, Unreported and Unregulated (IUU) fishing (PSMA). Countries that ratify the treaty commit to exert greater control at ports over foreign-flagged vessels to detect IUU catch before it is offloaded from vessels, and prevent the ill-gotten catch from entering the world’s markets. The PSMA, when effectively implemented globally, will be a major deterrent to IUU fishing. A major challenge to selecting ports for enhanced controls has been the lack of data on which ports are the world ...


How Do The Asian Economies Compete With Japan In The Us Market, China Exceptional? A Triangular Trade Approach, Hiro Ito, Yushi Yoshida Dec 2015

How Do The Asian Economies Compete With Japan In The Us Market, China Exceptional? A Triangular Trade Approach, Hiro Ito, Yushi Yoshida

Hiro (Hiroyuki) Ito

Political conflicts among trading partners have changed their forms with ever-increasing flows of foreign direct investment. A decrease in the exports of Japan might merely be a reflection of a global production shift by Japanese multinational corporations. We investigate the effect of Japanese trade on the exports of other countries to the United States in the 1990s. In our sample we include eight Asian countries besides the US and Japan. With the trade data disaggregated at the HS 4-digit level, we regress the exports of an Asian country to the US on the Japanese exports to the US and the ...


The Economic Impact Of Lifting Sanctions On Iran: How The Joint Comprehensive Plan Of Action Will Affect The Economy Of Iran, Ryan Foley Dec 2015

The Economic Impact Of Lifting Sanctions On Iran: How The Joint Comprehensive Plan Of Action Will Affect The Economy Of Iran, Ryan Foley

Vannicelli Washington Semester Away Program Award

During the second term of the Obama Administration, the United States and the European Union negotiated a deal with the Islamic Republic of Iran regarding their nuclear program. These negotiations encompassed the relaxing of sanctions on the Iranian economy in exchange for concessions on the part of their nuclear program. This thesis investigates how the deal will affect the economy of Iran and the international oil market, two entities which are deeply intertwined. The findings suggest that the opening of Iran’s economy will almost certainly lead to a strengthening of their domestic economy in the short-term, but that the ...


Disaggregated Trade And Disaggregated Currency Unions: A Ranking Of Common Currency Effects, Gregory William Whitten Dec 2015

Disaggregated Trade And Disaggregated Currency Unions: A Ranking Of Common Currency Effects, Gregory William Whitten

Prof. WHITTEN Gregory William

Andrew Rose has long argued that a common currency has a large effect on increasing trade. Recently, Rose has called into question the reliability of this conclusion, as new techniques have emerged for estimating gravity equations. This paper uses the sector-specific gravity model developed by Anderson & Yotov (2010) to investigate if disaggregated trade can provide a reliable estimate of a common currency's effect. Disaggregating trade alone is insufficient to obtain a reliable estimate of a currency union, regardless of econometric technique, when the effect of a common currency on trade is uniform across all unions. Disaggregating the universe of ...


Competition And Gains From Trade: A Quantitative Analysis Of China Between 1995 And 2004, Wen-Tai Hsu, Yi Lu, Guiying Laura Wu Dec 2015

Competition And Gains From Trade: A Quantitative Analysis Of China Between 1995 And 2004, Wen-Tai Hsu, Yi Lu, Guiying Laura Wu

Research Collection School Of Economics

This paper provides a quantitative analysis of gains from trade for China over the period of 1995-2004, which was when China's openness drastically improved. We decompose gains from trade in two ways. First, we disentangle pro-competitive effects from a traditional Ricardian effect. Second, we separate the effect due to tariff reductions from that due to reductions in non-tariff trade costs. Our quantitative analysis shows that the pro-competitive effects account for 25.4% of the total welfare gains from trade, whereas the allocative efficiency alone accounts for 22.3%. We also find that tariff reductions account for about 31.6 ...


Institutional Complementarity Across Countries In Bilateral Fdi Flows: Theory And Evidence, Pao-Li Chang Dec 2015

Institutional Complementarity Across Countries In Bilateral Fdi Flows: Theory And Evidence, Pao-Li Chang

Research Collection School Of Economics

This paper builds a theory to characterize the comparative advantage of MNEs based in countries of different institutional qualities. It is shown that MNEs headquartered in countries of poorer state institutions will invest more in `informal institutions; and choose to undertake FDI in countries of weaker institutions. At the aggregate, MNEs on average generate more net profits in countries of weaker institutions, the poorer the institutional environment at home. I conduct an extensive test of the theory using bilateral FDI volume for 219 economies in year 2001-2010. The results indicate a statistically significant and robust institutional complementarity effect in bilateral ...


Trade Integration, Income Divergence, And Global Imbalances, Haiping Zhang Dec 2015

Trade Integration, Income Divergence, And Global Imbalances, Haiping Zhang

Research Collection School Of Economics

We embed financial frictions and sector-specific minimum investment requirements (MIR) in a two-factor, two-sector, overlapping-generation model and showthat whether trade integration leads to convergence of the income levels among member states depends on their level of financial development. It helps reconcilethe mixed empirical evidence on trade integration and income dynamics in differentgroups of countries from the institutional perspective. In the recent decades, trade globalization has allowed developed countries to specialize towards the high-MIR, high-return production stages and tasks through international fragmentation of production and global sourcing. In our model, the “sectors” can be interpreted broadly as production stages and tasks ...


Value And Motive Content Of Stories In Children’S Readers Of The Peoples Republic Of China (Prc): 1950-2000, Steven D. Silver, Yan Gao Nov 2015

Value And Motive Content Of Stories In Children’S Readers Of The Peoples Republic Of China (Prc): 1950-2000, Steven D. Silver, Yan Gao

Faculty Publications

The study we report uses a newly available resource of historical children’s readers from the Peoples Republic of China (PRC) to examine trends in measures of consumption-related motives and values across transitions in this country’s regimes. In personal consumption, our results show hypothesized variation across regimes for materialism related valuing of conventional goods. In social motives, power motivation shows significant variation across regimes. Results support the now extensive descriptions of children’s readers as encoding norms and values and indicate methods to operationalize this content.


Value And Motive Content Of Stories In Children’S Readers Of The Peoples Republic Of China (Prc): 1950-2000, Steven D. Silver, Yan Gao Nov 2015

Value And Motive Content Of Stories In Children’S Readers Of The Peoples Republic Of China (Prc): 1950-2000, Steven D. Silver, Yan Gao

Steven D. Silver

The study we report uses a newly available resource of historical children’s readers from the Peoples Republic of China (PRC) to examine trends in measures of consumption-related motives and values across transitions in this country’s regimes. In personal consumption, our results show hypothesized variation across regimes for materialism related valuing of conventional goods. In social motives, power motivation shows significant variation across regimes. Results support the now extensive descriptions of children’s readers as encoding norms and values and indicate methods to operationalize this content.


On Emerging Asia-Pacific Equity Markets From The Perspective Of The Dynamics Of Mean And Volatility Spillovers, Li Xu Nov 2015

On Emerging Asia-Pacific Equity Markets From The Perspective Of The Dynamics Of Mean And Volatility Spillovers, Li Xu

FIU Electronic Theses and Dissertations

This dissertation investigates the dynamics of mean and volatility spillovers from the U.S. and three large (regional) Asia-Pacific stock markets to ten small (local) ones from June 2008 to May 2013.

After a brief introduction to the main purposes and contributions of my research in Chapter 1, I examine the impact of lagged American and regional returns on the local markets in Chapter 2. By building up a univariate autoregressive model and treating lagged U.S. and regional returns as exogenous variables, I find that the local markets have statistically significant exposure to lagged returns of their own and ...


La Efectiva Integración Del Mercosur. Estado Actual Del Proceso. Avances Y Desafíos, Francisco Carlos Ruiz Diaz Nov 2015

La Efectiva Integración Del Mercosur. Estado Actual Del Proceso. Avances Y Desafíos, Francisco Carlos Ruiz Diaz

Francisco Carlos Ruiz Diaz

El Mercosur se encuentra actualmente en un equilibrio que no es su condición de equilibrio de largo plazo. Su agenda comercial con pocos avances. Se han incluido dos nuevos socios, lo cual implica menos concentración (poder en las negociaciones) por parte de los socios mayoritarios (Argentina y Brasil). En los próximos años el Mercosur tendrá como desafíos: fortalecer y completar las instituciones para la libre circulación, retomar los esfuerzos para potenciar los temas comerciales, conectividad física e infraestructura, profundizar el relacionamiento externo (problemas de «agregación de preferencias), consolidar la coordinación macroeconómica y recuperar la credibilidad del sistema de solución de ...


Reversing Ethiopia's Intellectual Capital Flight, Asayehgn Desta Nov 2015

Reversing Ethiopia's Intellectual Capital Flight, Asayehgn Desta

Asayehgn Desta

Recently, the Ethiopian Government drafted a five year plan (2010 to 2015) to achieve the country’s economic growth. When Ethiopia’s Growth and Transformation plan was analyzed in light of the new growth theory and traced historically in terms of the push and pull factors that contributed to the flight of skilled Ethiopians to more advanced countries, it was found that over the years Ethiopia has funded the education of its nationals only to see them contributing to the growth of developed countries. Being stripped of skilled human capital, leaving it ill prepared to face globalization and survive in ...


Trans-Pacific Partnership And Foreign Ag Subsidies, Dermot J. Hayes Nov 2015

Trans-Pacific Partnership And Foreign Ag Subsidies, Dermot J. Hayes

CARD Working Papers

Testimony before the House Committee on Agriculture


China's Key Cities: From Local Places To Global Players, Xiangming Chen Nov 2015

China's Key Cities: From Local Places To Global Players, Xiangming Chen

Faculty Scholarship

China’s geographically uneven growth plays a key role in regional integration by creating more varied and largely beneficial global connections. In this article, Xiangming Chen takes a new look at China’s key cities and how they not only drive China’s local and regional economic growth but also serve as bridges to link China’s varied local economies to regional and global markets.


The Next Wave Of Globalisation, Singapore Management University Nov 2015

The Next Wave Of Globalisation, Singapore Management University

Perspectives@SMU

As consumption patterns shift away from OECD countries to the developing world, businesses need to leverage on technology to overcome last-mile delivery obstacles


Remittances Without Borders, Tan Swee Liang, S. N. Venkataramanan, Anil Kishora Nov 2015

Remittances Without Borders, Tan Swee Liang, S. N. Venkataramanan, Anil Kishora

Research Collection School Of Economics

A Pan-Asian Mobile Remittance Platform might just be the next big disruption in global remittances. One out of every 28 people lives in a country that they were not born in. As migrants, they are estimated by The World Bank to send home US$636 billion in 2017, with three-quarters remitted to developing countries. These remittances form a significant percentage of the Gross Domestic Product (GDP) of many of these developing countries. Given their magnitude and contribution to national economies, even a small reduction in remittance cost adds billions to these local economies. Mobile-to-mobile cross border remittances have recently shown ...


Experimentation And Decentralization In China’S Labor Relations, Eli D. Friedman, Sarosh Kuruvilla Oct 2015

Experimentation And Decentralization In China’S Labor Relations, Eli D. Friedman, Sarosh Kuruvilla

Sarosh Kuruvilla

In this introduction to the special issue ‘Changing work, labour and employment relations in China’, we argue that China is taking an experimental and decentralized approach to the development of new labor relations frameworks. Particular political constraints in China prevent interest aggregation among workers, as the central state sees this as posing a risk to social stability. Firms and local governments have been given a degree of space to experiment with different arrangements, as long as the categorical ban on independent unions is not violated. The consequence has been an increasingly differentiated labor relations landscape, with significant variation by region ...


Economic Wealth And Social Welfare: A Longitudinal Analysis Of Transnational Well-Being, Kelly Brooke Martin Oct 2015

Economic Wealth And Social Welfare: A Longitudinal Analysis Of Transnational Well-Being, Kelly Brooke Martin

KELLY B MARTIN

Macro changes in the financial arena have prompted ongoing research focused on global economic trends. As America emerges from an era of stagnant wages, rising unemployment, and growing class stratification it is necessary to explore differences in cross-national socioeconomic behavior to address the changing needs of our country. Many studies attempt to describe statistical correlations between economic wealth and social well-being domestically and abroad by utilizing methodological perspectives that do not account for longitudinal change. To address the gap in existing research, this study seeks to measure variations in econometric indicators between the U.S. and Nordic countries to further ...


Receiving The Headian Legacy: International Lawyers, South-To-North Resource Transfers, And The Challenge Of International Development, Obiora Chinedu Okafor Oct 2015

Receiving The Headian Legacy: International Lawyers, South-To-North Resource Transfers, And The Challenge Of International Development, Obiora Chinedu Okafor

Obiora Chinedu Okafor

Written over fifteen years ago by Ivan Leigh Head, a highly distinguished Canadian international lawyer, foreign policy expert, and international development thinker, the words contained in the above quotation point firmly at this great man's analytic incisiveness and hint at the sheer depth of his fairness of mind. For although the net transfer of resources from the much poorer geopolitical "South" to a far richer "North" remains to this day one of the most important obstacles to international development, rarely have the dominant accounts of international development given this phenomenon the pride of place that it surely deserves.


Notes On The Seminar On African Economic Outlook 2015, Held On The 8th Of October 2015 At The House Of The Estates Of Finland, J. G. A. Saviranta Oct 2015

Notes On The Seminar On African Economic Outlook 2015, Held On The 8th Of October 2015 At The House Of The Estates Of Finland, J. G. A. Saviranta

Akseli Saviranta

The following document presents summarised key notes from the United Nations University – World Institute for Development Economics Research (UNU-WIDER) seminar titled “African Economic Outlook 2015 – Unlocking the potential of local economies for inclusive growth”. The seminar presented the 2015 report titled “African Economic Outlook 2015 – Regional Development and Spatial Inclusion”, produced by the African Development Bank, the OECD Development Centre, and the United Nations Development Programme. The African Development Bank, UNU-WIDER, and the Ministry of Foreign Affairs of Finland were the co-organisers of the Seminar.


Exports Boost Livestock Prices, Lee L. Schulz Oct 2015

Exports Boost Livestock Prices, Lee L. Schulz

Economics Publications

Strong domestic meat and poultry demand plus husky exports have bolstered livestock prices over recent years. Exports, on a value basis, set a record high in 2014.


Peru: Open For Business, Singapore Management University Oct 2015

Peru: Open For Business, Singapore Management University

Perspectives@SMU

South America’s third-largest economy seeks to capitalise on growing global trade


Europe: Ready To Rebound, Singapore Management University Oct 2015

Europe: Ready To Rebound, Singapore Management University

Perspectives@SMU

Increasing trade, investment, and immigrant integration are keys to Europe’s economic vitality


Mexico Consensus Economic Forecast, Volume 18, Number 4, Thomas M. Fullerton Jr., Adam G. Walke Oct 2015

Mexico Consensus Economic Forecast, Volume 18, Number 4, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.


Clamoring For Greenbacks: Explaining The Resurgence Of The U.S. Dollar In International Debt, Hiro Ito, Cesar M. Rodriguez Oct 2015

Clamoring For Greenbacks: Explaining The Resurgence Of The U.S. Dollar In International Debt, Hiro Ito, Cesar M. Rodriguez

Economics Faculty Publications and Presentations

This paper investigates the determinants of currency denomination in international debt. Using data on currency shares for international debt securities for 82 countries from 1995 through 2013, we find that while the extent of foreign currency issuance has not changed much since the 1990s, especially for developing countries, the currency composition has shifted, especially between the U.S. dollar and the euro. Before the Global Financial Crisis (GFC) of 2008, the share of the U.S. dollar has been on a downward trend while that of the euro had been on a steady rising trend, but since the crisis, the ...


Fair Trade Or Fake Trade? Specialty Coffee Certifications And Development In Uganda, Eliza Cummings Oct 2015

Fair Trade Or Fake Trade? Specialty Coffee Certifications And Development In Uganda, Eliza Cummings

Independent Study Project (ISP) Collection

This project examined the relationship between specialty coffee certifications and development. The focus was exploring the local and national implications Fairtrade coffee certifications have in Uganda. Coffee is a critical commodity, accounting for 15 percent of Uganda’s foreign exchange and engaging over one million households in production. Currently, specialty certified coffees including Fairtrade, Rainforest Alliance, and 4C make up only four percent of total production. However, under Uganda’s 2013 National Coffee Policy, there is a target to expand specialty production to 24 percent. It is therefore imperative to understand how these specialty certifications affect primary producers participating as ...


An Interactive Research Study On For-Profit Microfinance And Its Continued Social Impact, Rachael Peroutky Oct 2015

An Interactive Research Study On For-Profit Microfinance And Its Continued Social Impact, Rachael Peroutky

Independent Study Project (ISP) Collection

Though the world is changing rapidly, the problem of poverty and the push for human development have been debated for as long as anyone can remember. Outdated strategies for human development are not sustainable in this new globalized world. The relatively young and growing field of microfinance is hoping to be the answer for sustainable human development and poverty elimination. This study analyzes the impact of microfinance on human development through two major questions. Firstly, to what extent and in what ways can microfinance impact the poor? This research question is multifaceted and will seek to address some of the ...


A Framework For A Formal Sovereign Debt Restructuring Mechanism: The Kiss Principle (Keep It Simple, Stupid) And Other Guiding Principles, Charles W. Mooney Jr. Oct 2015

A Framework For A Formal Sovereign Debt Restructuring Mechanism: The Kiss Principle (Keep It Simple, Stupid) And Other Guiding Principles, Charles W. Mooney Jr.

Faculty Scholarship at Penn Law

Given the ongoing work on a multilateral restructuring process for sovereign debt in the UN, consideration of the content and implementation of a sovereign debt restructuring mechanism (SDRM) is timely. The framework and content of the SDRM proposed here differs from earlier proposals in several important respects. For the classification and supermajority voting of claims in the approval a restructuring plan, it would mimic the structure and operation of the model collective action clauses (Model CACs) proposed by the International Capital Markets Association. Restructuring under a qualified sovereign debt restructuring law (QSDRL) would be guided by four principles: (i) observe ...


Two-Year And Four-Year Tertiary Education: Measuring Human Capital Effects On Economic Growth In Developing And Developed Countries With The Uzawa-Lucas Model, Darryl M. Tyndorf Oct 2015

Two-Year And Four-Year Tertiary Education: Measuring Human Capital Effects On Economic Growth In Developing And Developed Countries With The Uzawa-Lucas Model, Darryl M. Tyndorf

Educational Foundations & Leadership Theses & Dissertations

Tertiary education is believed to be a driver of economic development through the relationship between human capital development and economic output. Global massification efforts of tertiary education have led to increased global demand. Countries with limited tertiary education systems, like developing countries, have employed policies to increase domestic tertiary education opportunities instead of sending students abroad. Many tertiary education policies have focused on importing tertiary education from countries with established tertiary education systems. Import efforts first emphasized university models, but limited success prompted the import of more flexible short-cycle education modeled after the United States’ community college system. Limited empirical ...