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The World Economy

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THE HEDGE ASSET FOR BRICS STOCK MARKETS: BITCOIN, GOLD, OR VIX

Abstract We compare the weak/strong hedging abilities of three alternative assets, namely Bitcoin, gold, and US VIX futures, against...

CONVEX VACANCY CREATION COSTS AND ON‐THE‐JOB SEARCH IN A GLOBAL ECONOMY

Abstract Convex vacancy creation costs shape firms' responses to trade liberalization. They induce capacity constraints by increasing...

 
 
 

ISSUE INFORMATION

The World Economy, Volume 44, Issue 5, Page 1143-1143, May 2021.

ARE EXPORTERS MORE ENVIRONMENTALLY FRIENDLY? A RE‐APPRAISAL THAT USES CHINA'S MICRO‐DATA

Abstract Is a firm's ability to export an important determinant of environmental performance? To answer this question, we construct...

 
 
 

DEVELOPMENT AID AND INTERNATIONAL MIGRATION TO ITALY: DOES AID REDUCE IRREGULAR FLOWS?

Abstract In recent years, donors have claimed to tackle the root causes of migration from low‐income countries using aid. While others...

GLOBALISATION AND GOVERNMENT SPENDING: EVIDENCE FOR THE ‘HYPER‐GLOBALISATION' OF THE 1990S AND 2000S

Abstract In this paper, we provide an up‐to‐date empirical assessment of the relationship between economic globalisation and government...

 
 
 

OPTIONS FOR ASEAN TRADE EXPANSION: WITHIN, PLUS THREE OR SIX, EUROPEAN UNION OR THE UNITED STATES?

Abstract The ten member countries of the Association of Southeast Asian Nations have pursued trade agreements with major trade partners...

HOW COVID‐19 TRAVELS IN‐ AND OUTSIDE OF VALUE CHAINS AND THEN AFFECTS THE STOCK MARKET: EVIDENCE FROM CHINA

Abstract The organization of value chains within and between firms and even countries is an important reason for domestic as well as...

 
 
 

DO STOCK MARKETS PLAY A ROLE IN DETERMINING THE COVID‐19 ECONOMIC STIMULUS? A CROSS‐COUNTRY ANALYSIS

Abstract This paper makes an innovative contribution to the extant literature by analyzing the determinants of economic stimulus packages...

NON‐PRICE COMPETITIVENESS FACTORS ‐ A SIMPLE MEASURE AND IMPLICATIONS FOR THE FIVE LARGEST EURO AREA COUNTRIES

Abstract This paper obtains a versatile measure of non‐price competitiveness factors based on a simple international trade model. Trade...

 
 
 

INTERNATIONAL TRADE AND EMPLOYMENT: THEORY AND EVIDENCE FROM KOREAN FIRMS

Abstract We extend the small country trade model with firm heterogeneity to incorporate offshoring. We derive the firm‐level employment...

TRADE, STRUCTURAL TRANSFORMATION AND GROWTH

Abstract This paper analyses a simple model of a small economy with agricultural and non‐agricultural sectors to study how opening...

 
 
 

CORRIGENDUM

The World Economy, Volume 44, Issue 4, Page 1141-1141, April 2021.

DOES GLOBALISATION ALLEVIATE POLARISATION?

Abstract In this study, we investigate the effects of globalisation on polarisation in a panel data set of 149 countries between 2000...

 
 
 

A GLOBAL MODEL OF MIGRATION AND POVERTY

Abstract Most rich nations maintain very tight restrictions on immigration despite widespread globalisation since World War II. This...

HETEROGENEITY OF FINANCIAL INSTITUTIONS IN THE PROCESS OF ECONOMIC AND MONETARY INTEGRATION IN EAST ASIA

Abstract The paper aims to assess the influence of the heterogeneity of financial institutions in the relationship between bilateral...

 
 
 

FAST & FURIOUS: DO PSYCHOLOGICAL AND LEGAL FACTORS AFFECT COMMODITY PRICE VOLATILITY?

Abstract The present study explores to what extent policy insecurity and the changes in the US legal financial infrastructure have...

EXPORT VOLATILITY WITH TRADE POLICY UNCERTAINTY: EVIDENCE FROM CHINA

Abstract This paper studies the effect of trade policy uncertainty on firm‐level export volatility. Using data on Chinese exporters...

 
 
 

HOW TRADE AFFECTS PANDEMICS? EVIDENCE FROM SARS IN 2003

Abstract This paper investigates whether the rapid expansion of international trade after China's WTO entry in 2001 promotes the spread...

TRADE AGREEMENTS AND LATIN AMERICAN TRADE AND WELFARE

Abstract This study analyses the process of economic integration in Latin America. Making use of a structural gravity model and including...

 
 
 



What does the CDC's new mask guidance mean for store mask mandates? Here's...

What does the CDC's new mask guidance mean for store mask mandates? Here's how stores are responding

CVS, Walgreens and Macy's said they are reviewing their requirements for facial coverings following new CDC guidance easing mask wearing for vaccinated people. Read more ...

Police: 9 people shot, 3 critically wounded, in Providence, Rhode Island

Police: 9 people shot, 3 critically wounded, in Providence, Rhode Island

Nine people were wounded in a shooting Thursday evening in Rhode Island's capital in what police there believe to be the largest shooting in city history. Read more ...

Vikings send CB Hughes to Chiefs in late-round pick swap

Vikings send CB Hughes to Chiefs in late-round pick swap

EAGAN, Minn. - The Minnesota Vikings traded cornerback Mike Hughes, their 2018 first-round draft pick, to the Kansas City Chiefs in a swap of late-round selections Thursday. Read more ...

Pittsburghers welcome new CDC masks guidelines

Pittsburghers welcome new CDC masks guidelines

Read more ...

Pfizer vaccinations now available for children in Santa Cruz

Pfizer vaccinations now available for children in Santa Cruz

Santa Cruz County Health Officials have given the green light to administer Pfizer COVID-19 vaccines to children 12 to 15 years old. Read more ...

'Great day for America': Vaccinated can largely ditch masks

'Great day for America': Vaccinated can largely ditch masks

The CDC updated its mask guidance Thursday afternoon, relaying to the public that fully vaccinated people will no longer have to wear masks indoors or outdoors in most... Read more ...

Adolescents vaccinated in NYC as sites open to 12 to 15-year-olds

Adolescents vaccinated in NYC as sites open to 12 to 15-year-olds

Tweens and young teens began getting COVID-19 vaccines in New York City. Read more ...

Israel threatens Gaza ground invasion despite truce efforts

Israel threatens Gaza ground invasion despite truce efforts

JERUSALEM - Israel on Thursday said it was massing troops along the Gaza frontier and calling up 9,000 reservists ahead of a possible ground invasion of the Hamas-ruled... Read more ...

Chip Roy to challenge Elise Stefanik for ousted Cheney's House GOP post

Chip Roy to challenge Elise Stefanik for ousted Cheney's House GOP post

The New York representative has largely been seen as the heir apparent to the position. Read more ...

'You got Dana White privilege': Tony Ferguson steals show at UFC 262 press...

'You got Dana White privilege': Tony Ferguson steals show at UFC 262 press conference

HOUSTON - Tony Ferguson didn't hold back during Thursday's UFC 262 press conference. Ferguson, a former UFC interim lightweight champion, went off on more than just his... Read more ...