The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network. We propose a simplistic re-interpretation of the classical Krugman (1980) model that accounts for surprisingly many of the empirical regularities. This re-interpretation relies...

Purpose - This paper aims at exploring the interactions between Japan's export curbs against Korea, dubbed as "weaponized interdependence," and Korea's decoupling from Japan' phenomenon in response. Thereby, it sheds light on the characteristics of the semiconductor industry, where the two...

Purpose - Exchange rate uncertainty leads to an indecisive environment for imports and exports that would condense international trade, foreign direct investment, trade earnings, trade volumes, economic growth and welfare. This study aims to examine, empirically, the effect of exchange rate...

Migration from Africa and the Middle East to the EU has intensified over the last two decades. Relative differences between developed EU and less developed African and Middle East countries have not declined that much and continue to drive mobility. Also, demographic trends show a strong...

Achieving and managing economic sustainability is one of the crucial tasks for our globalized world. One of the most ambitious economic projects known to humankind claims to stand for long-term global economic sustainability including ecological, social, and cultural aspects: the Belt and Road...

Purpose The spread of COVID-19 is not just a health crisis. The pandemic has taken a geopolitical dimension. The health crisis amplified the competitive dynamics between the USA and China, affected the provision of global public goods and injected instability into the global order. In line with...

Despite the political differences, China and India are in an interdependent trade relationship. Both major powers are each other's largest trading partner. Nevertheless, there is competition between the two countries for supremacy in the Indo-Pacific. India's democratic system and rules-based...

The study aims to analyze the impact of China-Pakistan Economic Corridor (CPEC) logistics-related developments on economic growth in Pakistan. The study defined a Cobb-Douglas type of research framework in which the country's real income level relates to four factor inputs, e.g., employed labor...

The global economy remained on track in the first months of 2021, despite surging covid-19 infections and renewed containment measures in many countries. The impact of the pandemic was largely confined to the service sectors. Meanwhile, the pronounced upturn in industrial production and global...

The Regional Comprehensive Economic Partnership agreement creates the world’s largest free trade zone. The agreement has the potential to increase trade relations among its members and further promote the development of regional value chains in “Factory Asia”. This article presents the...

Asia and Europe have made connectivity between people, businesses and institutions a top political priority in the frame of the Asia-Europe Meeting (ASEM) intergovernmental cooperation forum. In the ASEM context, policy leaders agreed that improving connectivity between countries should...

This paper maps out the trade relationship in goods between the two largest trading blocs in the global economy - the EU and US. We use detailed product category information to provide an in-depth description of current trade flows between the two markets, with a particular focus on how Irish-US...

We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the withdrawal from a trade agreement affects trade. We...