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How do social capabilities shape a country’s comparative advantages? Unpacking industries’ relatedness Rev. World Econ. (IF 1.681) Pub Date : 2024-03-15 Gonzalo Castañeda, Luis Castro Peñarrieta, Omar A. Guerrero, Florian Chávez-Juárez
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Putting the news in New York and New Orleans: the impact of information frictions on trade Rev. World Econ. (IF 1.681) Pub Date : 2024-03-15 James M. Harrison
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Real exchange rates and manufacturing exports in emerging economies: the role of sectoral heterogeneity and product complexity Rev. World Econ. (IF 1.681) Pub Date : 2024-02-09 Thomas Goda, Alejandro Torres García, Cristhian Larrahondo
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Patterns of variability in the structure of global value chains: a network analysis Rev. World Econ. (IF 1.681) Pub Date : 2024-02-05 Carlo Piccardi, Lucia Tajoli, Riccardo Vitali
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Product differentiation, interdependence, and the formation of PTAs Rev. World Econ. (IF 1.681) Pub Date : 2024-02-05 Kiran Ayub, Peri Silva
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On the heterogeneous trade and welfare effects of GATT/WTO membership Rev. World Econ. (IF 1.681) Pub Date : 2024-01-28 Gabriel Felbermayr, Mario Larch, Erdal Yalcin, Yoto V. Yotov
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Agricultural fluctuations and global economic conditions Rev. World Econ. (IF 1.681) Pub Date : 2024-01-28 William Ginn
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Immigrant employment and the contract enforcement costs of offshoring Rev. World Econ. (IF 1.681) Pub Date : 2024-01-11 Andreas Hatzigeorgiou, Patrik Karpaty, Richard Kneller, Magnus Lodefalk
Offshoring continues to be an important dimension of firms’ internationalization choices. However, offshoring also increases contract enforcement costs by inhibiting the coordination and monitoring of performance. Immigrant employees may reduce such costs through their specific knowledge of the employer, their country of birth and access to foreign networks. In this paper, we investigate the role of
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Monetary policy frameworks since Bretton Woods, across the world and its regions Rev. World Econ. (IF 1.681) Pub Date : 2023-12-03 David Cobham
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What ‘special purposes’ explain cross-border debt funding by banks? Evidence from Ireland Rev. World Econ. (IF 1.681) Pub Date : 2023-11-29 Brian Golden, Eduardo Maqui
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Time stationarity, shape and ordinal ranking bias of RCA indexes: a new set of measures Rev. World Econ. (IF 1.681) Pub Date : 2023-10-24 Rémi Stellian, Jair N. Ojeda-Joya, Jenny P. Danna-Buitrago
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World commodity prices and partial default in emerging markets: an empirical analysis Rev. World Econ. (IF 1.681) Pub Date : 2023-10-09 Manoj Atolia, Shuang Feng
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Aid modality and growth under post-conflict conditions Rev. World Econ. (IF 1.681) Pub Date : 2023-09-04 Yoon S. Hur, Baran Han
Amid a massive influx of development assistance, considerable skepticism remains regarding the effectiveness of aid in promoting the development of conflict-affected states under post-conflict conditions. Although the importance of aid modalities and policies for allocating aid to improve aid effectiveness has been the subject of much discussion, there is still limited research on post-conflict countries
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The effect of IMF communication on government bond markets: insights from sentiment analysis Rev. World Econ. (IF 1.681) Pub Date : 2023-08-21 Hamza Bennani, Cécile Couharde, Yoan Wallois
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New perspectives on the rise and fall of global imbalances: evidence from large emerging market economies Rev. World Econ. (IF 1.681) Pub Date : 2023-07-24 Krittika Banerjee, Ashima Goyal
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Products or markets: What type of experience matters for export survival? Rev. World Econ. (IF 1.681) Pub Date : 2023-07-20 Martina Lawless, Zuzanna Studnicka
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Pricing in firm-to-firm trade: evidence from a Danish multinational Rev. World Econ. (IF 1.681) Pub Date : 2023-07-14 Luca Macedoni, Elena Mattana
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Cross-border real estate investment: a different animal? Comparative evidence from bilateral flow data Rev. World Econ. (IF 1.681) Pub Date : 2023-06-26 Etienne Lepers
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Determinants of partial versus full cross-border acquisitions for Sovereign Wealth Funds Rev. World Econ. (IF 1.681) Pub Date : 2023-06-13 J. Amar, M. Arouri, G. Dufrénot, C. Lecourt
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International immigration and final consumption expenditure composition Rev. World Econ. (IF 1.681) Pub Date : 2023-06-09 William Addessi, Ivan Etzo
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Pass-through with volatile exchange rates and inflation targeting Rev. World Econ. (IF 1.681) Pub Date : 2023-05-26 Annika Alexius, Mikaela Holmberg
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Be my guest: the effect of foreign policy visits to the USA on FDI Rev. World Econ. (IF 1.681) Pub Date : 2023-05-21 Antonis Adam, Sofia Tsarsitalidou
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Inequality and the structure of countries’ external liabilities Rev. World Econ. (IF 1.681) Pub Date : 2023-05-10 Philipp Harms, Mathias Hoffmann, Miriam Kohl, Tobias Krahnke
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Can fiscal rules decrease the probability of a sudden stop crisis? Rev. World Econ. (IF 1.681) Pub Date : 2023-04-30 Kristi Buda
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Globalization and cultural spillover in trade: evidence from the Japanese food culture Rev. World Econ. (IF 1.681) Pub Date : 2023-04-18 Olivier Bargain
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Is trade openness a barrier to industrialization? Evidence from Sub-Saharan Africa Rev. World Econ. (IF 1.681) Pub Date : 2023-03-28 Gislain Stéphane Gandjon Fankem, Cédric Feyom
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Growth effects of budgetary fiscal variables in a panel of middle-income countries Rev. World Econ. (IF 1.681) Pub Date : 2023-02-14 Sultan Hafeez Rahman, Muhammad Shahadat Hossain Siddiquee
This paper assesses the growth-enhancing and growth-retarding effects of different budgetary fiscal variables using a balanced panel of 32 middle-income countries for the time period of 2000–2017. Much of previous research requires to be re-evaluated as it ignores the biases associated with either incomplete or wrong specification, or both, of the budget constraint and the money supply. This paper
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Currency concentration in sovereign debt, exchange rate cyclicality, and volatility in consumption Rev. World Econ. (IF 1.681) Pub Date : 2023-02-14 Eiji Fujii
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Financial openness and cross-border capital flows: perspectives from terrorist attacks as exogenous shocks Rev. World Econ. (IF 1.681) Pub Date : 2023-02-08 Tao Liu, Dongzhou Mei, Zihan Chen
In an era of financial globalization, cross-border capital flows hugely affect a country’s economic conditions, but their cyclical properties remain controversial. This paper takes terrorist attacks as exogenous shocks to study whether financial openness helps an economy recover from a crisis through inducing capital inflows, or amplifies the adverse effects by allowing for capital flight. With a panel
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The aggregate and redistributive effects of emigration Rev. World Econ. (IF 1.681) Pub Date : 2022-12-24 Małgorzata Walerych
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How relevant are capital flows for house prices in emerging economies? Rev. World Econ. (IF 1.681) Pub Date : 2022-11-28 Marco Hernandez-Vega
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A sectoral analysis of institutional quality and foreign direct investment in Mena countries: does sector type matter? Rev. World Econ. (IF 1.681) Pub Date : 2022-11-23 Brahim Bergougui, Syed Mansoob Murshed
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Economic missions and firm internationalization: evidence from the Netherlands Rev. World Econ. (IF 1.681) Pub Date : 2022-09-26 Ahmed Boutorat, Loe Franssen
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Domestic formal and informal institutions: their substitutability and comparative advantage Rev. World Econ. (IF 1.681) Pub Date : 2022-09-26 Se Mi Park
This paper empirically examines how country-specific formal and informal institutions affect export patterns. The index for formal institutional quality evaluates electoral rules, judicial independence, and other constraints on executives. The index for informal institutional quality comprises degrees of trust, control, and obedience. Using the revealed comparative advantage index, I find that countries
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Mode 4 restrictiveness and services trade Rev. World Econ. (IF 1.681) Pub Date : 2022-09-24 Anirudh Shingal
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Remittance flows and US monetary policy Rev. World Econ. (IF 1.681) Pub Date : 2022-09-24 Immaculate Machasio, Peter Tillmann
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Export failure and its consequences: evidence from Colombian exporters Rev. World Econ. (IF 1.681) Pub Date : 2022-09-19 Jesse Mora
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Multiple preference regimes and rules of origin Rev. World Econ. (IF 1.681) Pub Date : 2022-08-22 Kazunobu Hayakawa
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Cross-border investment and the decline of exchange rate volatility: implications for Euro area bilateral investments Rev. World Econ. (IF 1.681) Pub Date : 2022-08-16 Maela Giofré, Oleksandra Sokolenko
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The role of imported inputs in firms’ productivity and exports: evidence from Indonesia Rev. World Econ. (IF 1.681) Pub Date : 2022-08-08 Deasy D. Pane, Arianto A. Patunru
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Social ties and home bias in mergers and acquisitions Rev. World Econ. (IF 1.681) Pub Date : 2022-08-02 Federico Carril-Caccia, Aitor Garmendia-Lazcano, Asier Minondo
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Eurasian economic integration: impact evaluation using the gravity model and the synthetic control methods Rev. World Econ. (IF 1.681) Pub Date : 2022-07-22 Amat Adarov
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Does import competition drive productivity growth? Evidence from Hungary’s pre-accession import tariffs Rev. World Econ. (IF 1.681) Pub Date : 2022-06-28 Franklin Maduko
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The ties that bind: geopolitical motivations for economic integration Rev. World Econ. (IF 1.681) Pub Date : 2022-06-27 Julian Hinz
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The wage effects of offshoring to the East and West: evidence from the German labor market Rev. World Econ. (IF 1.681) Pub Date : 2022-06-28 Konstantin Koerner
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Immigration and Offshoring: two forces of globalisation and their impact on employment and the bargaining power of occupational groups Rev. World Econ. (IF 1.681) Pub Date : 2022-05-17 Michael Landesmann, Sandra M. Leitner
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Tariff diversity and FTA network Rev. World Econ. (IF 1.681) Pub Date : 2022-05-17 Jihwan Do, Jung Hur, Sung-Ha Hwang, Larry D. Qiu
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Monetary policy in an oil-dependent economy in the presence of multiple shocks Rev. World Econ. (IF 1.681) Pub Date : 2022-05-12 Andrej Drygalla
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Sectoral reallocations, real estate shocks, and productivity divergence in Europe Rev. World Econ. (IF 1.681) Pub Date : 2022-04-27 Thomas Grjebine, Jérôme Héricourt, Fabien Tripier
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The importance of deep integration in preferential trade agreements: the case of a successfully implemented Ukraine–Turkey free trade agreement Rev. World Econ. (IF 1.681) Pub Date : 2022-04-07 Veronika Movchan, Thomas F. Rutherford, David G. Tarr, Hidemichi Yonezawa
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Local-currency debt and currency internationalization dynamics: A nonlinear framework Rev. World Econ. (IF 1.681) Pub Date : 2022-04-05 Delphine Lahet, Stéphanie Prat
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Evolution of the effects of mineral commodity prices on fiscal fluctuations: empirical evidence from TVP-VAR-SV models for Peru Rev. World Econ. (IF 1.681) Pub Date : 2022-04-02 Dante A. Urbina, Gabriel Rodríguez
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Intermittent exporting: unusual business or business as usual? Rev. World Econ. (IF 1.681) Pub Date : 2022-03-23 Marcel van den Berg, Ahmed Boutorat, Loe Franssen, Angie Mounir
We construct an empirically supported definition of incidental and perennial exporting and investigate to what extent incidental exporting is a steady-state of firms, to what extent incidental exporters are distinguishable from non-exporters and perennial exporters and which factors explain the switching of export status. Our findings point at a Melitz (Econometrica 71(6): 1695–1725, 2003) type productivity
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Why does the WTO treat export subsidies and import tariffs differently? Rev. World Econ. (IF 1.681) Pub Date : 2022-02-26 Tanapong Potipiti, Wisarut Suwanprasert
We develop a three-stage lobbying game to explain why the WTO prohibits export subsidies but not import tariffs. In this model, the government chooses trade policies (i.e., import tariffs or export subsidies) to maximize a weighted sum of social welfare and lobbying contributions. We argue that the economic rents from export subsidies cannot be contained exclusively within lobby groups, because new
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Measuring the relative development and integration of EU countries’ capital markets using composite indicators and cluster analysis Rev. World Econ. (IF 1.681) Pub Date : 2022-02-12 Gianluca Gucciardi
The paper proposes a set of metrics and a methodology to measure the progress that European Union Member States are making towards the development and integration of capital markets. It identifies a set of indicators and analyzes the performance of these countries over the 2007–2018 period using a composite indicator approach (in both a static and dynamic environment), based on the six priorities related
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From boycott to buycott: is activism from the North good for the South? Rev. World Econ. (IF 1.681) Pub Date : 2022-02-12 Patrice Cassagnard, Tendai Espinosa
This article provides an original theoretical exploration of the potential effects of northern activism on labor conditions and welfare in the South using a duopoly model with endogenous prices, wages and qualities. We assume that all consumers derive the same utility from one (“northern") good but are heterogeneous with respect to the other (“southern") good. This asymmetry captures in a stylized
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International trade and face-to-face diplomacy Rev. World Econ. (IF 1.681) Pub Date : 2022-02-07 Emmanuelle Lavallée, Julie Lochard
This paper examines the effects of foreign visits by public officials on international trade. Using an original database that gathers more than 13,000 visits of French officials abroad and of foreign officials in France over the 1977–2007 period, it is shown that a bilateral visit to a foreign country is associated with an increase in French exports by 8% on average. This average effect hides considerable
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Composite global indicators from survey data: the Global Economic Barometers Rev. World Econ. (IF 1.681) Pub Date : 2022-02-04 Klaus Abberger, Michael Graff, Oliver Müller, Jan-Egbert Sturm
This paper presents a coincident and a leading composite monthly indicator for the world business cycle—the Global Economic Barometers. Both target the world’s output growth rate and consist of economic tendency surveys results from many countries around the world. The calculation of these indicators comprises two main stages. The first consists of a variable selection procedure, in which a pre-set
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Trade policy and global value chains: tariffs versus non-tariff measures Rev. World Econ. (IF 1.681) Pub Date : 2022-01-18 Ghodsi, Mahdi, Stehrer, Robert
Globalisation is increasingly characterised by intertwined geographical and local production processes through global value chains (GVCs). In the presence of GVCs, import tariffs not only affect the direct trading partners, but also result in indirect impacts through inter-country and inter-industry linkages. This is also the case for non-tariff measures (NTMs), which have gained in significance in
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Domestic product standards, harmonization, and free trade agreements Rev. World Econ. (IF 1.681) Pub Date : 2022-01-17 Yanase, Akihiko, Kurata, Hiroshi
This study considers endogenous domestic standards on products to control negative consumption externalities using a three-country model of international oligopoly with a possible free trade agreement (FTA). The authors examine how the level of product standards and welfare are affected under an FTA and how the harmonization of standards affects the impact of the FTA. They find that if asymmetries