We introduce a new dataset on British exports at the bilateral, commodity-level from 1700 to 1899. We then pit two primary determinants of bilateral trade against one another: the trade-diminishing effects of distance versus the trade-enhancing effects of the British Empire. We find that the...

A sustainable energy system is key for addressing the world’s environmental and social challenges. The U.S is the second largest consumer of energy, with increased energy consumption in the previous half-century. To curb energy demand, it is essential to understand the relative price...

The study analyses the structural break impact on the relationship between energy consumption and foreign direct investment in Nigeria from 1970 to 2015. The study accounts for the structural break and estimates the short-run and long-run relationship between energy consumption and foreign...

This paper studies the regional treatment effects of infrastructure projects on employment and transport volumes by combining the quantitative econometric method with qualitative case studies. The quantitative method that we use is synthetic control, which allows us to analyze the causal effects...

Die Spannungen in der Weltwirtschaft und die Sorge um eine zu starke wirtschaftliche Abhängigkeit Europas von China rücken Indien in den Blickpunkt. Dort leben knapp 18 % der Weltbevölkerung in einer demokratischen Staatsform. Allerdings beträgt die Größe des Marktes bestenfalls ein...

Emerging in the twenty-first century, Network Science provides practical measures to interpret a system's interactions between the components and their links. Literature has focused on countries' interconnections on the final goods, but its application on the value-added from a network...

The study aimed to empirically analyse GCC’s trade patterns based on the gravity model. Gravity model is derived from physics and is used to explain the bilateral flow of trade determined by GDP per capita, population, and distance. It is assumed that trade flow between the two countries is...

Purpose - The purpose of this paper is to examine the effect of economic policy uncertainty (EPU) of China on investment opportunities in five ASEAN economies. Design/methodology/approach - This paper employs advanced empirical approaches, such as Multivariate DCC-GARCH and Continuous Wavelet...

Trade encourages economic expansion and improves welfare based on international division of labor. However, trade also has an environmental footprint, particularly in the form of carbon dioxide (CO2) and other emissions. This paper examines the impact of environmental regulation in exporter and...

Eastern Caribbean Small Island Developing States (SIDS) have a high dependence on international trade for income, employment and poverty reduction given their extreme openness, small market size, narrow range of resources and productive capabilities and specialized economic structures, making...