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Full-Text Articles in International Economics

Summary: Effects Of The Us Worldwide Tax Regime On Domestic Investment, Jennifer L. Blouin Sep 2019

Summary: Effects Of The Us Worldwide Tax Regime On Domestic Investment, Jennifer L. Blouin

Wharton PPI B-School for Public Policy Seminar Summaries

There are two basic systems for international corporate taxation. The US operates under a worldwide taxation system, in which the US government asserts its right to tax the global income of US resident corporations, whether that income is earned within the US or outside it. The US is the only G7 nation that maintains such a tax system. The majority of other nations in the world use a territorial taxation regime. A territorial regime embodies a source-based system where countries only tax business activity that happens within their borders. This summary of Professor Jennifer Blouin's B-School Seminar, focuses on ...


Summary: Service Exports And The Us Trade Deficit, Joao F. Gomes Sep 2019

Summary: Service Exports And The Us Trade Deficit, Joao F. Gomes

Wharton PPI B-School for Public Policy Seminar Summaries

A trade deficit is defined by the amount by which a country’s imports exceeds the value of its exports. The US has consistently held a trade deficit since the 1970s; as of the end of 2016, the deficit had risen to $502 billion. This trade deficit has been a “political hot potato,” particularly with respect to China, on the assumption that a sustained deficit weakens the overall economy. But is that accurate? In this B-School for Public Policy Seminar Summary, Professor Gomes takes a closer look at the economics of boosting service exports as a means of rebalancing the ...


The Impact Of 2018 Tariffs On U.S. Trade Values Across Relevant Categories, Lydia Murray May 2019

The Impact Of 2018 Tariffs On U.S. Trade Values Across Relevant Categories, Lydia Murray

Undergraduate Economic Review

The Office of the United States Trade Representative, under the direction of President Donald Trump, has implemented protectionist tariffs to an extent not seen in the past several decades. This paper explores data from the U.S. Census Bureau to analyze how the values of U.S. imports and exports have differed from what would have been expected for 2018 in the absence of tariffs. This is done by using past years’ data to create a predictive curve for 2018 trade values across several different product categories, which have been subject to tariffs. The general finding of this paper is ...


The Role Of The State In International Trade Theory And Policy: Historical Evidence From South Korea And Brazil, Sumaiya Nehla Saif Jan 2019

The Role Of The State In International Trade Theory And Policy: Historical Evidence From South Korea And Brazil, Sumaiya Nehla Saif

Electronic Theses and Dissertations

Since the early 1980s, the economic performance of individual countries has been increasingly dependent on global dynamics. Neoliberal policies, including free trade, have been fostered by the global community for both mature and developing economies, led by the view that free markets constitute the driving force of economic growth and development. Accordingly, the World Trade Organization (WTO), the International Monetary Fund (IMF) and the World Bank (WB) - in addition to the developments within mainstream economic theory - have contributed to portray the state as the carrier of inefficiencies and market distortions, which prevent the unfolding of economic freedom and profitable entrepreneurship ...


Did Dr-Cafta Affect The Exports Of The Dominican Republic To The United States?, Maria Ivanova Reyes Peguero, Asger V. Hansen Jan 2019

Did Dr-Cafta Affect The Exports Of The Dominican Republic To The United States?, Maria Ivanova Reyes Peguero, Asger V. Hansen

Economics Faculty Publications

This article evaluates the impact the Dominican Republic and Central America Free Trade Agreement (DR-CAFTA) had on the exports of the Dominican Republic (DR) to the United States. We estimate a gravity model for the DR exports to the 109 trade partners of the country from 1990 to 2014. This model quantifies the effect of the DR-CAFTA since 2007, when the agreement was ratified, and finds that the DR-CAFTA negatively affected DR exports to the US. We conduct further analysis of factors that could explain the decline in exports, in spite of the ratification of the agreement. We find that ...


Trade Rout: As Trade Tensions Built Between U.S. And Canada, This American Border Town Felt The Freeze, Matt Cutler, Isaac Carey Dec 2018

Trade Rout: As Trade Tensions Built Between U.S. And Canada, This American Border Town Felt The Freeze, Matt Cutler, Isaac Carey

Capstones

A close business relationship with Canada has allowed Plattsburgh to thrive as a manufacturing town. Over 100 Quebec-based companies operate there, and 15 percent of the workforce in the county gets its paycheck from a Canadian company. Even more impressive, this comes at a time when manufacturing jobs are declining nationwide. While factories are shutting down across the rust belt, in Plattsburgh they are opening up.

There is just one problem.

All of this was made possible by the North American Free Trade Agreement, or NAFTA. And just this April, the Trump administration abruptly threatened to pull out of the ...


Essays On Trade And Growth, Yulin Hou Jun 2018

Essays On Trade And Growth, Yulin Hou

FIU Electronic Theses and Dissertations

This dissertation is composed of three essays on international trade and economic growth. The first essay investigates whether the content of what economies export matters for human capital accumulation. I construct a small open economy model and find that expansion of primary exports can harm human capital accumulation if the economy is initially allocating significant resources to primary goods production. Then I test this prediction empirically using Latin American data over the period from 1965 to 2010 and find robust evidence in support of the hypothesis that a shift towards primary exports reduces human capital accumulation.

In the second essay ...


Deal Breaker: How Tariff Barriers Affect Cross-Border Mergers And Acquisitions, Heberto Limas-Dominguez Jan 2018

Deal Breaker: How Tariff Barriers Affect Cross-Border Mergers And Acquisitions, Heberto Limas-Dominguez

Undergraduate Honors Theses

This study examines the effects of tariff barriers on cross-border Mergers and Acquisition (M&A) investment and shows how tariffs impact M&A deal value. Since the 1990s, we saw a decline in tariff rates for most nations coinciding with a sharp rise in cross-border M&A. The rise in cross-border M&A has significant implications on various issues from antitrust to foreign direct investment. To analyze the effect of tariff barriers, I use a panel dataset primarily obtained from Bloomberg and UNCTAD. I employ a gravity model to allow for distance and macroeconomic effects along with a poisson distribution ...


Three Essays In Economic Development, Growth, And Trade, Alvin L. Chiang May 2017

Three Essays In Economic Development, Growth, And Trade, Alvin L. Chiang

FIU Electronic Theses and Dissertations

This dissertation is composed of three essays and analyzes the effects of both health outcomes and international trade on economic development and growth.

In the first chapter, I develop a theoretical model using a Nelson-Phelps framework in order to establish a causal relationship between health outcomes and economic growth. I also econometrically test this approach to quantify the magnitude of the effects observed. Using the international epidemiological transition as a baseline and instrumental variable regression, I find that both life expectancy growth rates and initial levels of life expectancy are the main drivers of economic growth, and improvements in both ...


Us Net Foreign Direct Investment: Determinants And Implications, Ryan Gomez Jan 2017

Us Net Foreign Direct Investment: Determinants And Implications, Ryan Gomez

Honors Theses

Political campaigns always churn the political spectrum on the issue of outsourcing and international trade with the 2017 presidential primary being no exception. Are politicians, like Bernie Sanders and Donald Trump, correct when preaching the economic negatives associated with outsourcing? Are they considering the right factors? Could it be that a strictly negative outlook on outsourcing is economically inappropriate in determining future policy? In an attempt to answer these questions, this paper will critically analyze the impact of incoming and outgoing Foreign Direct Investment (FDI) in the USA. Specifically, this study will use determinants of Net FDI (NFDI), where NFDI ...


Three Essays On Population Dynamics, Trade And Growth, Anna Maximova Jan 2017

Three Essays On Population Dynamics, Trade And Growth, Anna Maximova

Theses and Dissertations--Economics

Changes in immigration patterns and differential fertility choices shape the economies of both developed and developing countries. However, these changes affect the economies of developed and developing nations in different ways. This study aims to understand the changes in population dynamics, brought about by differences in cross--country differential fertility choices and migration patterns, and how these changes affect economic development via the channels of international trade and cross--country human capital accumulation.

Chapter 1 discusses the background, data and literature on the patterns and composition of immigration and international trade, which are further explored in Chapter 2 for the world sample ...


Contents Dec 2016

Contents

Georgia Journal of International & Comparative Law

No abstract provided.


Growth Engine: Effects Of China’S Trade And Investment On The Economies Of East And Southeast Asia, Xi Gao Jun 2016

Growth Engine: Effects Of China’S Trade And Investment On The Economies Of East And Southeast Asia, Xi Gao

Honors Theses

The emergence of China as an economic superpower through globalization and fragmentation of production has impacted global trade relations, particularly in East and Southeast Asia (ESA). China has become a major trading partner for ESA economies not only through exporting goods to ESA countries, but also importing goods to satisfy China’s energy and consumer needs. This thesis studies the impact trade and investment relationships with China have on ESA economies. This study will include ten developed and developing ESA countries: Japan, Republic of Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Cambodia, Lao DPR, and Philippines. The results obtained include: 1 ...


The Evolution Dynamics And Trends Of The Content Of Chinese Exports From 1995-2011, Megan Kerbs Jun 2016

The Evolution Dynamics And Trends Of The Content Of Chinese Exports From 1995-2011, Megan Kerbs

Honors Theses

There is no question that China’s role in the international economy has grown over time, as it seems to be claiming more and more of center stage in the global arena. Back in the early 1990’s, the phenomenon of globalization enabled China to expand its reach, inserting itself into intricate production hierarchies that began to define the global marketplace. China experienced a massive export boom in 2000, and since, has evolved to become a highly sophisticated, high-tech country that now plays an integral role within not only the East Asian region, but also the rest of the world ...


Evaluating Stolper-Samuelson: Trade Liberalization & Wage Inequality In India, Anthony M. Michael May 2016

Evaluating Stolper-Samuelson: Trade Liberalization & Wage Inequality In India, Anthony M. Michael

Master's Theses

This paper tests the predictions of the Stolper-Samuelson Theorem in India after it underwent major trade reform in 1991. Using industry level tariff data, the paper empirically examines trade liberalization’s effect on the wages of high-skilled labor relative to low skilled labor within firms. The study finds empirical evidence to support growing wage differentials within firms, which contradict the predictions of the Stolper-Samuelson Theorem. Additionally, when controlling for firm size and the effects of the global financial crisis, these results remain robust. Finally, the paper explores training and welfare and R&D’s effect on the wage differentials within ...


Financial Openness And Trade Volatility In Argentina, Joseph H. Asciuto May 2016

Financial Openness And Trade Volatility In Argentina, Joseph H. Asciuto

Master's Theses

This paper will identify the relationship between financial openness and trade volatility in Argentina. Data spanning 1970-2011 provided by the IMF, WTO, and INDEC will be used to construct a panel dataset for both a global analysis and a sectoral analysis for the Argentine economy. The application of established and accepted techniques to the constructed dataset will show a negative correlation between trade volatility and financial openness; thus, financial openness acts as a stabilizing mechanism for trade. Additional analysis will be performed on the of role regional trade agreements as stabilization mechanisms for trade. A significant implication of this study ...


The Shochu Conundrum: Economics And Gatt Article Iii, Alex Davis May 2016

The Shochu Conundrum: Economics And Gatt Article Iii, Alex Davis

Undergraduate Economic Review

This paper will discuss the National Treatment (NT) obligation contained in Article III of the General Agreement on Tariffs and Trade (GATT) 1994 as applied in precedential tax discrimination cases. Case law has not taken a firm stance on the economic versus legal interpretation of the likeness/directly competitive or substitutable (DCS) criterion or the principle of “so as to afford protection” (SATAP) captured in Article III.2. After examining the case law on discriminatory taxation, I conclude that the NT obligation in trade agreements is imperfect. Nonetheless, NT is a critical component of these agreements, and the international trade ...


Energy Price Shocks And External Balances, Bao Tan Huynh May 2016

Energy Price Shocks And External Balances, Bao Tan Huynh

Research Collection School Of Economics

This paper studies the impact of a wide set of energy price shocks on exter- nal balances using a two-country framework comprising multiple sectors and en- dogenous energy production with convex costs. The paper disentangles different demand and supply shocks in the energy market through their distinct impact on external balances. It provides a theoretical confirmation of Kilian et al. (2009) and a theoretical foundation to the determining role of the non-energy trade balance in the transmission of energy price shocks. The presence of durables also highlights the immediate channel through which energy prices impact the non-energy trade balance.


Coup D'État And International Trade, Brian Alan Childers May 2015

Coup D'État And International Trade, Brian Alan Childers

Chancellor’s Honors Program Projects

No abstract provided.


Trade, Competitiveness And Employment In The Global Economy, Susan Houseman Feb 2015

Trade, Competitiveness And Employment In The Global Economy, Susan Houseman

Susan N. Houseman

No abstract provided.


Non-Tariff Measures And Standards In Trade And Global Value Chains, John C. Beghin, Miet Maertens, Johan Swinnen Feb 2015

Non-Tariff Measures And Standards In Trade And Global Value Chains, John C. Beghin, Miet Maertens, Johan Swinnen

CARD Working Papers

Abstract: We assess the literature on public and private quality standards and their impact in food markets, international trade, and global supply chains. We focus on their effects on welfare, trade, industrial organization, and labor markets and with special attention to the North-South context. We also attempt to better characterize when these measures constitute protectionism, a complicate task. We look at studies investigating public and private standards and across various quantitative approaches and countries. These standards have complex effects. The evidence is mixed regarding standards as catalyst for or impediment against trade and development, reflecting the complexity of these effects ...


Eu-China Economic Relations: Interactions And Barriers, Zheng Lu Nov 2014

Eu-China Economic Relations: Interactions And Barriers, Zheng Lu

Zheng Lu (Chinese: 路征)

EU-China economic interactions became more and more frequent in the past decades, nowadays EU and China are main trade partner for each other. This paper analyzed EU-China economic interactions from three dimensions: bilateral governmental interactions, trade and investment flows as well as barriers to trade and investment. Findings show that EU-China close relationship is particularly based on goods trade especially on intra-industrial trade of manufacturing industrial products, and trade imbalance is arising from trade in Machinery and Transport Equipment and Other Manufactured Goods (e.g., Clothing and clothing accessories); This paper also found that there exist a myriad of trade ...


An Analysis Of The Carry Trade: Historical And Empirical Evidence From The Japanese Yen And Australian Dollar Currency Pair, Thomas R. Fleming May 2014

An Analysis Of The Carry Trade: Historical And Empirical Evidence From The Japanese Yen And Australian Dollar Currency Pair, Thomas R. Fleming

Chancellor’s Honors Program Projects

No abstract provided.


On The Pro-Trade Effects Of Immigrants, Massimiliano Bratti, Luca De Benedictis, Gianluca Santoni Apr 2014

On The Pro-Trade Effects Of Immigrants, Massimiliano Bratti, Luca De Benedictis, Gianluca Santoni

Luca De Benedictis

This paper investigates the causal effect of immigration on trade flows using Italian panel data at the province level. We exploit the exceptional characteristics of the Italian data (the fine geographical disaggregation, the very high number of countries of origin of immigrants, the high heterogeneity of social and economic characteristics of Italian provinces, and the absence of cultural or historical ties) coupled with the use of a wide set of fixed effects and an `instrument' based on immigrants' enclaves. We find that immigrants have a significant positive effect on both exports and imports, but much larger for the latter. The ...


That Is The Story Of A Hurricane: Within Country Impacts Of Extreme Weather Events, Martino Pelli, Jeanne Tschopp Jan 2014

That Is The Story Of A Hurricane: Within Country Impacts Of Extreme Weather Events, Martino Pelli, Jeanne Tschopp

Martino Pelli

In this paper, we consider the within-country, across-product impacts of hurricanes on export growth. While hurricanes are thought to exert large costs in terms of development on countries who bare the brunt of such events, there is little consensus on the literature to back up these claims. We argue that one reason for this is that the existing literature fails to take into account the potential for hurricanes to have differential impacts across products (or industries). We show that one important source of heterogeneity is a country’s comparative advantage and demonstrate, using a triple-difference identification strategy, that product lines ...


Trade, Competitiveness And Employment In The Global Economy, Susan Houseman Jan 2014

Trade, Competitiveness And Employment In The Global Economy, Susan Houseman

Employment Research Newsletter

No abstract provided.


Can A Unilateral Carbon Tax Reduce Emissions Elsewhere?, Joshua Elliott, Don Fullerton Dec 2013

Can A Unilateral Carbon Tax Reduce Emissions Elsewhere?, Joshua Elliott, Don Fullerton

Don Fullerton

One country or sector that tries to reduce greenhouse gas emissions may fear that other countries or sectors will get a competitive advantage and increase emissions. Computable general equilibrium (CGE) models such as Elliott et al (2010a,b) indicate that 15% to 25% of abatement might be offset by this “leakage.” Yet the Fullerton et al (2012) simple two-sector analytical general equilibrium model shows an offsetting term with negative leakage. In this paper, we use a full CGE model with many countries and many goods to measure effects in a way that allows for this negative leakage term. We vary ...


Negative Leakage, Kathy Baylis, Don Fullerton, Daniel H. Karney Dec 2013

Negative Leakage, Kathy Baylis, Don Fullerton, Daniel H. Karney

Kathy Baylis

Our analytical general equilibrium model solves for effects of a small increase in carbon tax on leakage - the increase in emissions elsewhere. Identical consumers buy two goods using income from endowments that are mobile between sectors. Usually an increase in one sector's tax raises output price, so consumption shifts to the other good, causing positive leakage. Here, we find a new negative effect not recognized in existing literature: the taxes sector substitutes away from carbon into clean inputs, so it may absorb resources, shrink the other sector and reduce their emissions. This "abatement resource effect" could offset some or ...


Exchange Rate Regimes And Nominal Wage Comovements In A Dynamic Ricardian Model, Yao Tang, Yoshinori Kurokawa, Jiaren Pang Oct 2013

Exchange Rate Regimes And Nominal Wage Comovements In A Dynamic Ricardian Model, Yao Tang, Yoshinori Kurokawa, Jiaren Pang

Economics Department Working Paper Series

We construct a dynamic Ricardian model of trade with money and nominal exchange rate. The model implies that the nominal wages of the trading countries are more likely to exhibit stronger positive comovements when the countries fix their bilateral exchange rates. Panel regression results based on data from OECD countries from 1973 to 2012 suggest that countries in the European Monetary Union (EMU) experienced stronger positive wage comovements with their main trade partners. When we restrict the regression to the subsample of the EMU countries, we find a significant increase in wage comovements after these countries joined the EMU in ...


Leakage, Welfare, And Cost-Effectiveness Of Carbon Policy, Kathy Baylis, Don Fullerton, Daniel H. Karney Apr 2013

Leakage, Welfare, And Cost-Effectiveness Of Carbon Policy, Kathy Baylis, Don Fullerton, Daniel H. Karney

Don Fullerton

We extend the model of Fullerton et al (2012) to explore cost-effectiveness of unilateral climate policy in the presence of leakage. We ignore the welfare gain from reducing greenhouse gas emissions and focus on the welfare cost of the emissions tax or permit scheme. Whereas that prior paper solves for changes in emissions quantities and finds that leakage maybe negative, we show here that all cases with negative leakage in that model are cases where a unilateral carbon tax results in a welfare loss. With positive leakage, however, a unilateral policy can improve welfare.