Consumer boycotts and international economic sanctions represent a frequent tool to protest against countries for their violation of human rights. This paper questions if such a kind of action hurts more the populations it is supposed to defend than governing classes it is targeting. Overall,...

Recently, the international dairy market has growing substantially and Brazil has exported more dairy products. In this context, the main objective of this study is to analyze the international dairy trade in order to identify the comparative advantages of the Brazilian dairy products. In...

In the fields of political science and economics there has been a recent surge of interest in the co-movement of globalization and democratization. Wavelet coherency analysis was first used to measure the co-movement of globalization and democratization in time and frequency domains. We...

The debate by Okada & Samreth (2012, EL) and Asongu (2012, EB; 2013, EEL) on ‘the effect of foreign aid on corruption' in its current state has the shortcoming of modeling corruption as a direct effect of development assistance. This note extends the debate by assessing the channels of foreign...

The Okada & Samreth (2012, EL) finding that aid deters corruption could have an important influence on policy and academic debates. This paper partially negates their criticism of the mainstream approach to the aid-development nexus. Using updated data (1996-2010) from 52 African countries, we...

This article contributes to the financial literature by investigating the formation of the international stock risk premium in emerging market zones. Our results from the estimation of a dynamic augmented capital asset pricing model show that the currency risk premium is the most important...

A trade embargo is a common way to punish a country. The question I ask is what effect does an embargo have on an imperfectly competitive market? I extend the standard quality duopoly model to show that if the embargo is on the high quality good the quality diminishes and causes an ambiguous...

In this note, we examine how trade liberalization affects the profits of firms in the presence of network effects. We will show that, contrary to conclusions in the previous literature, trade liberalization between identical countries increases firms' profits despite intesified competition.

We provide an analysis of the impact of migration on the skilled- unskilled wage gap. In particular, we show the possibility of a rise in the wage gap following the migration of skilled (unskilled ) labor.

This note discusses the influence of state ownership on optimal export taxes. We demonstrate an invariance theorem: the degree of state ownership affects neither the level of socially optimal export levels nor welfare nor the level of optimal trade taxes.