The Regional Comprehensive Economic Partnership (RCEP) concluded between Asian Pacific States in 2020 is expected to change regional and global trade patterns. Based on a Computable General Equilibrium model (including 41 countries and 39 sectors), the underlying paper evaluates the impact of...

During the last few decades, India’s trade with the Latin American and Caribbean (LAC) countries has grown substantially, especially in the area of Information Technology (IT) services. The definition of IT services now includes a plethora of IT-enabled services (ITeS) directed to specific...

The war in Ukraine is a human tragedy for the people of Ukraine, but its economic implications are global. This instant report focuses on the direct impact of the war on world trade and investment. It identifies five trade and investment channels through which countries will be affected by the...

This paper presents two empirical tools to quantify the impacts of tariff changes on bilateral trade and welfare. Both tools are rooted in the structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for 5,020 products in a partial equilibrium...

This paper shows that advanced analytics and traditional statistical techniques on available unstructured and structured data can be utilized to understand the themes put forward in APEC's yearly meetings and how member economies have supported these topics through the conduct of APEC projects....

The topicality of the international political economy is determined by the complexity and dynamism of transformation processes in the world economic system, which are developing through information networks and financial technologies. The purpose of the article is to reveal the meta-theory...

Die COVID-19-Krise hatte erhebliche Auswirkungen auf die Grenzregion Polen - Deutschland. Der Beitrag untersucht, ob die Pandemie tatsächlich den Abstand zwischen der Grenzregion als strukturschwacher Region und dem Rest von Deutschland erhöhen wird, oder ob die Krise sogar eine Chance bietet....

The political dynamic in the Bavarian-Czech border area is still characterised and challenged by its location along the former Iron Curtain as well as its history of war and displacement. This particular situation has led to a unique pattern of cooperation. In comparison to other border areas it...

Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...

China has created a distinct economic system. Yet despite a growing literature with valuable contributions on the institutional arrangements under 'capitalism with Chinese characteristics', the precise economic mechanisms underpinning China's state-market relations remain undertheorised. In this...

This chapter examines contemporary labor-management relations in autocratic regimes, drawing on two sets of countries, namely transitional peripheral economies in Central Asia (Uzbekistan and Turkmenistan) and hierarchical market economies in Latin America (Colombia and Honduras), for analysis....

The impact of the COVID-19 pandemic has been detrimental to all countries, despite the continuous efforts of governments on all continents to attempt to mitigate its damaging effects. All economic and social indicators have worsened. This study explores the impact of COVID-19 on international...

We propose a new market design for trading financial assets. The design combines three elements: (1) Orders are downward-sloping linear demand curves with quantities expressed as flows; (2) Markets clear in discrete time using uniform-price batch auctions; (3) Traders may submit orders for...

On the eve of its 60th anniversary, the gravity model of trade is a "celebrity", due to its intuitive appeal, solid theoretical foundations, and remarkable empirical success. Yet, many economists still view gravity simply as an intuitive but naive reduced-form estimating equation and apply it...

In light of the recent tit-for-tat trade dispute between China and the US, interest in quantifying the effects of the so-called phase one agreement has risen. To this end, the paper quantifies the impact of the asymmetric managed trade agreement using a multi-country open-economy dynamic general...

This study attempts to analyse the economy wide impact of Indo-Pacific alliance between India and rest of the 45 participating countries. We introduce four simulation scenarios in the general equilibrium model. First scenario is the one in which India bilaterally liberalizes trade in terms of...

Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...

In this note, we review recent data concerning Russia's economic integration with other countries. We first analyze the general picture of Russia's economic integration with the rest of the world and the importance of foreign economic relations for the country. We then turn to China, an...

Purpose - The main purpose of the paper is to examine the truth behind allegations of neo-colonialism performed by China toward Africa, which was raised due to the growing relationship between China and Africa that enhanced the debate between supporters of the notion of neo-colonialism or mutual...

India has risen internationally since the 1990s. The most important reasons for this success are its economic reforms since 1991 and new inter­national constellations since the East-West conflict. Both have earned the country a significantly greater say on global issues, but India’s rise is...

Although electricity grids shape and define both political and economic spaces, the geopolitical significance of electricity remains underestimated. In political communities and beyond, such grids establish new channels for projecting geopolitical influence and new spheres of influence. In the...

Turkey's neo-Eurasianist ideologues describe themselves as “Kemalist Eurasianists”. They argue that “Eurasianism calls for a cultural, military, political and commercial alliance with Turkey’s eastern neighbors, notably Russia, Iran, the Turkic countries of Central Asia, and even...

Purpose: This study constructs a quantitative tool that can interpret the effects of trade protectionism on trading partners. Design/methodology/approach: Trade protectionist policies are a crucial phenomenon of international political economy. The existing literature has analyzed the...

This paper adopts the tail-event driven network (TENET) framework to explore the connectedness and systemic risk of the banking industry along the Belt and Road (B&R) based on weekly returns of 377 publicly-listed banks from 2014 to 2019. We conduct the connectedness analysis from four levels...

Although the number of interstate disputes has fallen in the past 30 years, rising geopolitical competition is challenging the foundation of the absence of great power war. Additionally, the number of internal conflicts is surging. At the same time, globalisation has spun a net of global trade...

With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with the...

This paper analyzes the membership of the Visegrad Group countries (the Czech Republic, Poland, Slovakia, and Hungary) in the European Union (EU). It presents the parallel process of fundamental systemic transformation and integration with the EU in the analyzed countries. Their integration path...

This paper makes the case that time is ripe for the countries in southeast and northeast Asia to actively seek greater integration with India. The case is based on two arguments. First, China has emerged as an increasingly aggressive and belligerent power bringing it into conflict with its...

North Korean trade networks have adapted to international sanctions through a variety of strategies to solve the problem of operating in a hostile environment at both the global level, and at the local level. At the global level, they have engaged in obfuscation of the nature of trade and...

The Aegean conflict constitutes a dispute that has been affecting Greek-Turkish bilateral relations for the last five decades. It involves elements such as sovereignty, sovereign rights and national security. This paper suggests that the Torres Strait Treaty, an international agreement that...

The paper aims to offer an overview of the specific situation of culture as an investment priority of cross-border cooperation, part of the European territorial integration process, in the Eastern Neighbourhood Policy. The research is focused on the cross-border programmes involving Romania and...