The Kyoto Protocol’s success or failure should be evaluated against the unobserved counterfactual of no treatment. This requires instrumental variables. We find that countries’ membership in the International Criminal Court (ICC) predicts Kyoto ratification in a panel model. Both...

A country’s carbon footprint refers to the CO₂ emissions caused by domestic absorptionactivities. Trade in goods drives a wedge between the footprint and local emissions. Weprovide a panel database on carbon footprints and carbon net trade. Using a differencesin-differences IV estimation...

We use an augmented gravity model to revisit the effect of similarity in income distributionson bilateral trade flows. Disentangling supply-side and demand-side mechanisms,we document a robust new regularity: while differences in average incomes betweentwo countries increase trade, differences...

Recent literature finds that exporters are particularly vulnerable to financial market frictions.As a consequence, exports may be lower than their efficient levels. For this reason,many countries support exporters by underwriting export credit guarantees. The empiricalevidence on the effects of...

In theoretical trade models with variable markups and collective wage bargaining, exportexposure may reduce the exporter wage premium. We test this prediction using linkedGerman employer-employee data from 1996 to 2007. To separate the rent-sharingmechanism from assortative matching, we exploit...

Using information from the UNCTAD, we construct a new balanced panel database ofbilateral international student mobility for 150 origin countries, 23 host countries, andthe years 1970–2000. We match these data with information on bilateral stocks of internationalmigrants by educational...

Recent theoretical literature studies how labor market reforms in one country can affect labor market outcomes in other countries, thereby rationalizing widely-held policy beliefs and empirical evidence. But what is the quantitative relevance of such spillover effects? This paper combines two...

Die Öffentlichkeit hat ein Interesse zu wissen, ob politische Maßnahmen die mit ihnen verfolgten Ziele wirksam und wirtschaftlich erreichen. In empirischen Studien, die als Grundlage für evidenzbasierte Wirtschaftspolitik dienen können, werden häufig komplexe Methoden verwendet, um...

We investigate a case of political favoritism. Some members of the Bavarian parliamenthired relatives as office employees who were paid using taxpayers’ money. The familyscandal was a hot issue in the German media because of the upcoming state and federalelections. We examine whether being...

In this study, we evaluate whether survey-based indicators produce lower forecast errorsfor export growth than indicators obtained from hard data such as price and costcompetitiveness measures. Our pseudo out-of-sample analyses and forecastencompassingtests reveal that survey-based indicators...