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Problems of north-south international trade as the main reason of world trade organization difficulties
Fárek, Jiří; Foltýn, Jaroslav - In: Politická ekonomie 2007 (2007) 4, pp. 508-525
This article tries to summarize achievements of ten years anniversary of WTO (1995-2005) and the negotiations taking place at its summits from Seattle (1999) to Hongkong (2005). These achievements could be characterized at best as mediocre ones. WTO has been muddling through numerous disputes,...
Persistent link: https://www.econbiz.de/10005036643
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Barriers to global capital allocation
Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2021
We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation...
Persistent link: https://www.econbiz.de/10012514947
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Barriers to Global Capital Allocation
Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain T. - 2021
We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation...
Persistent link: https://www.econbiz.de/10013226659
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Unbalanced financial globalization
Capelle, Damien; Pellegrino, Bruno - 2023
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014340224
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Unbalanced Financial Globalization
Capelle, Damien; Pellegrino, Bruno - 2023
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014377616
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Did Chinese outward activity attenuate or aggravate the Great Recession in developing countries?
Gawellek, Bastian; Lyu, Jingjing; Süssmuth, Bernd - 2016
Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the...
Persistent link: https://www.econbiz.de/10011420791
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The (Unnoticed?) Contradictory Overlapping of International and Domestic Rules on FDI : Getting the Legal Facts Right
Fernandez-Pons, Xavier; Torrent, Ramon - 2012
This intends to be a very “empirical” paper. We want to let the facts (legal facts, but facts nevertheless) speak by themselves. We simply present them in an organized way and limit to the minimum our own comments. The overall objective is to show, “by getting the legal facts right”,...
Persistent link: https://www.econbiz.de/10014168424
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Tracking the International Footprints of Global Firms
Avdjiev, Stefan - 2018
As the global economy becomes more integrated, there is a growing tension between the nature of economic activity and the measurement system that attempts to keep up with it. Many policies are still determined by measuring economic activity at the national level. Since the typical unit of...
Persistent link: https://www.econbiz.de/10012925145
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Did Chinese Outward Activity Attenuate or Aggravate the Great Recession in Developing Countries?
Gawellek, Bastian - 2016
Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the...
Persistent link: https://www.econbiz.de/10012997245
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Barriers to Global Capital Allocation
Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2021
We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation...
Persistent link: https://www.econbiz.de/10012582149