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The World Economy

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TRADE DIRECTION, MARKET ACCESS, AND REGIONAL WAGE INEQUALITY: AN EXPLANATION BASED ON ASYMMETRIC TRADE COSTS

Abstract We introduce the trade frictions between wealthy and impoverished regions into the New Economic Geography model. We argue...

IMPLICATIONS OF FOREIGN DIRECT INVESTMENT, CAPITAL FORMATION AND ITS STRUCTURE FOR GLOBAL VALUE CHAINS

Abstract In the age of globalization international trade and foreign direct investment have become integral elements of cross-country...

 
 
 

COVID‐19 AND TOURISM: WHAT CAN WE LEARN FROM THE PAST?

Abstract The impact of the COVID-19 crisis on tourism flows is without precedent in terms of speed and severity. In this paper, we...

CAN CENTRAL BANKS CIRCUMVENT THE IMPOSSIBLE TRINITY WITHIN THEIR OPERATIONAL FRAMEWORKS? THEORY AND EVIDENCE

Abstract Central Bank operational frameworks can be challenged during times of severe financial stress. Typical of such an instance...

 
 
 

DEVELOPMENT STRATEGIES FOR MIDDLE‐INCOME COUNTRIES IN A DIGITAL WORLD - INSIGHTS FROM MODERN TRADE ECONOMICS

Abstract The digitalization of economic activities, combined with a secular slowdown in the growth of global output and trade, reduces...

DO MIGRATION NETWORKS WORSEN TRADE DEFICIT? EVIDENCE FROM THE UNITED STATES AND GERMANY

Abstract This study investigates how cross-border movements of goods , people and capital interact comprehensively. While previous...

 
 
 

MEASURING FIFTY YEARS OF TRADE GLOBALISATION

Abstract Although trade globalisation is a multi-faceted phenomenon, researchers often capture its magnitude by trade volume alone....

TRADE LIBERALISATION AND CHINESE FIRM'S EXPORTS: SOURCING FROM INDONESIA

Abstract We investigate how trade liberalisation affects the performance of Chinese manufacturing firms via sourcing from the South....

 
 
 

EXCHANGE RATE VOLATILITY AND COMMODITY TRADE BETWEEN UNITED STATES AND AUSTRALIA: AN ASYMMETRIC ANALYSIS

Abstract Previous studies that assessed the impact of exchange rate volatility on Australian trade flows assumed that the effects are...

DOES AID FOR TRADE PROMOTE IMPORT DIVERSIFICATION?

Abstract Many studies have found that Aid for Trade is effective in promoting the exports and imports of recipient countries. Recently,...

 
 
 

INTERNATIONAL ACTIVITIES AND INNOVATION: EVIDENCE FROM ITALY WITH A SPECIAL REGRESSOR APPROACH

Abstract By using panel data on Italian manufacturing firms, this paper contributes to the literature on the nexus between firms' internationalization...

POLITICAL ECONOMY OF AID ALLOCATION: THE CASE OF ARAB DONORS

Abstract By exploiting a unique dataset on aid allocation by major Arab donors, this paper explores the relationship between aid allocation...

 
 
 

INTRA‐REGIONAL SPILLOVERS FROM NIGERIA AND SOUTH AFRICA TO THE REST OF AFRICA: NEW EVIDENCE FROM A FAVAR MODEL

Abstract The dominance of large resource-rich hegemonic economies, most notably Nigeria and South Africa, with extensive trade and...

GLOBAL SUPPLY CHAINS, TRADE AGREEMENTS AND RULES OF ORIGIN

Abstract Free Trade Agreements usually come with restrictions on the use of intermediate inputs in order for final goods to qualify...

 
 
 

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...

 
 
 



NM politicians spilt on future of gas and oil industry

NM politicians spilt on future of gas and oil industry

Politicians from both sides of the aisle are now coming out against President Joe Biden and Interior Secretary Deb Haaland's pause on new oil and gas leases. Some Democrat... Read more ...

Biden at NATO: Ready to talk China, Russia and soothe allies

BRUSSELS - President Joe Biden makes his entrance at a NATO summit aiming to consult European allies on efforts to counter provocative actions by China and Russia while... Read more ...

Justices consider Harvard case on race in college admissions

WASHINGTON - With abortion and guns already on the agenda, the conservative-dominated Supreme Court is considering adding a third blockbuster issue - whether to ban... Read more ...

Carli Lloyd, Alex Morgan, US Women's National Team Cruise Past Jamaica in...

The United States Women's National Team looks ready for the Olympics. The Americans handled Jamaica in a commanding 3-0 victory in Sunday's international... Read more ...

'We do more than wrestle': North Omaha wrestling coach carries on Joe...

'We do more than wrestle': North Omaha wrestling coach carries on Joe Edmunson's legacy

Roger Parker is the head coach and director of the RP National Wrestling Team. "All they really want is somebody to love them. So every day we pray, every day I talk to them, I... Read more ...

Elkhorn North lineman pioneers path as athlete

Elkhorn North lineman pioneers path as athlete

Shan Acharya is believed to be the first Nepalese-descended Division 1 football recruit in the history of the sport Read more ...

Judge Dismisses Houston Hospital Workers' Lawsuit Over Vaccine Mandate

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Crews battling 2nd alarm house fire in Midtown

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The three-story house is heavily involved along the exterior and backside of the structure and a second alarm has been requested, fire officials said. Read more ...

Teaching 9/​11

Teaching 9/​11

The federal government should establish standards for teaching 9/11 to the next generation Read more ...

California couple reunites with dog stolen in San Francisco car break-in

LEO FOUND: A 10-year-old Yorkie who was stolen during a car break-in in San Francisco Friday has been found, and reunited with his owners. Read more ...