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The World Economy

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THE ECONOMIC COSTS OF THE RUSSIA‐UKRAINE WAR

Abstract The unprovoked and brutal invasion of Ukraine by Russia on 24 February 2022 is imposing a terrible human cost. In this paper,...

SERVICE TRADE RESTRICTIVENESS AND FOREIGN DIRECT INVESTMENT ‐ EVIDENCE FROM GREENFIELD FDI IN BUSINESS SERVICES

Abstract We study the impact of service trade restrictions on bilateral greenfield FDI projects in four business services sectors within...

 
 
 

STATE AID IN GOVERNMENT PROCUREMENT

Abstract We build a government procurement model in the context of international trade to generate two kinds of equilibrium outcomes,...

EXPOSURE TO FDI AND ATTITUDES TOWARDS MULTINATIONAL ENTERPRISES: DO M&A MATTER?

Abstract This study aims to investigate the role of multinational enterprises' penetration at the occupation-country level to form...

 
 
 

THE CHALLENGING ESTIMATION OF TRADE ELASTICITIES: TACKLING THE INCONCLUSIVE EUROZONE EVIDENCE

Abstract This paper sheds light on serious methodological difficulties of employing the empiric export equation in order to derive...

THE EUROPEAN UNION'S WITHDRAWAL OF TRADE PREFERENCES FOR CAMBODIA

Abstract Following Cambodia's violation of human and labor rights, the European Union decided in February 2020 to withdraw trade preferences...

 
 
 

MANUFACTURING CAPITAL UTILISATION, FIRM DYNAMICS AND WAGE INEQUALITY

Abstract This paper examines the short- and long-run effects of manufacturing capital utilisation on income distribution and social...

INTERNET PENETRATION AND MULTI‐PRODUCT EXPORTERS: FIRM‐LEVEL EVIDENCE FROM CHINA

Abstract This study explores the impact of Internet penetration on the firm-product-level behavior of multi-product exporters. While...

 
 
 

TRADE AND URBANISATION

Abstract Insights from economics of geography suggest that greater urbanisation should lead to an increased level of trade. Larger...

ISSUE INFORMATION

The World Economy, Volume 45, Issue 8, Page 2337-2337, August 2022.

 
 
 

HOW CENTRAL ASIA TO ESCAPE FROM TRADE ISOLATION?: POLICY TARGETED SCENARIOS BY CGE MODELLING

Abstract It has been 30 years since Central Asian ‘-stan' countries, namely, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan,...

BILATERAL SERVICIFICATION IN GLOBAL VALUE CHAINS AND DEEP TRADE AGREEMENTS

Abstract International trade has been transformed by participation in global value chains , where services linkages play a critical...

 
 
 

REVISITING THE NEXUS BETWEEN GLOBALIZATION AND THE SHADOW ECONOMY: UNTYING THE INFLUENCES OF DE JURE VS. DE FACTO GLOBALIZATION

Abstract This paper examines the relationship between globalization and the size of the shadow economy, focusing on the differential...

DYNAMIC IMPACTS OF INTERMITTENT TRADE CONFLICTS

Abstract Abstract This paper examines how intermittent trade conflicts affect production, investment, and exports of an industry that...

 
 
 

EXPORTS AND IMPORTS IN TURKEY: A REGIME‐SWITCHING APPROACH

Abstract In this study, we apply Markov regime-switching models to various foreign trade variables with the aim of characterising the...

EXCHANGE RATE REGIMES AND CURRENT ACCOUNT PERSISTENCE

Abstract We empirically examine Friedman's hypothesis that floating exchange rates facilitate current account adjustments. The main...

 
 
 

EFFECTIVE GDP: A CROSS‐COUNTRY COMPARISON

Abstract A large literature has developed around alternatives to gross domestic product per capita for cross-country comparisons of...

FINANCIAL STRUCTURE AND EARNINGS MANIPULATION ACTIVITIES IN CHINA

Abstract This study aimed to analyse the monitoring adeptness of the financial system in China, particularly in controlling earnings...

 
 
 

WHAT DRIVES MOST JUMPS IN GLOBAL CRUDE OIL PRICES? FUNDAMENTAL SHORTAGE CONDITIONS, CARTEL, GEOPOLITICS OR THE BEHAVIOR OF FINANCIAL MARKET PARTICIPANTS

Abstract Several studies have emphasized the potential role of oil price volatility as a leading macroeconomic indicator, since it...

WHEN DOES FOREIGN DIRECT INVESTMENT LEAD TO INCLUSIVE GROWTH?

Abstract Foreign direct investment is widely considered among the most effective instruments for the promotion of economic development....

 
 
 



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Artemis I launch attempt called off due to Tropical Storm Ian

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Raphael Warnock has a 5-point lead over Herschel Walker in high-stakes...

Sen. Raphael Warnock arrives for a rally in Conyers, Ga., on August 18, 2022. AP Photo/Jeff Amy Warnock has a 47%-42% lead over Walker in the Georgia Senate race, per a new... Read more ...

Donald Trump seems to turn to QAnon when he is feeling stressed and angry...

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Miscarriage is devastating - and then the bill comes

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Albert Pujols's 700th Home Run Is the Apex of His Defiant Final Year

Albert Pujols's 700th Home Run Is the Apex of His Defiant Final Year

The Cardinals legend has returned to greatness in his last three months-an exit that baseball almost never allows. The end of baseball days arrives with more cruelness than... Read more ...