International Economics最新文献

Impacts of trade diversion from China in the United States market on wages in a third country: Evidence from Thailand 中国在美国市场的贸易转移对第三国工资的影响：来自泰国的证据

International Economics Pub Date : 2025-05-28 DOI: 10.1016/j.inteco.2025.100603

Kazunobu Hayakawa , Sasatra Sudsawasd

{"title":"Impacts of trade diversion from China in the United States market on wages in a third country: Evidence from Thailand","authors":"Kazunobu Hayakawa , Sasatra Sudsawasd","doi":"10.1016/j.inteco.2025.100603","DOIUrl":"10.1016/j.inteco.2025.100603","url":null,"abstract":"<div><div>Since the latter half of the 2010s, China's exports to the United States (US) have gradually decreased due to the US-China trade war and other factors, such as lockdown measures in China to combat COVID-19. This decrease has resulted in increasing exports from third countries, including Thailand, to the US market by substituting China's exports, i.e., trade diversion. Against this backdrop, this study empirically investigates how the changes in exports to the US driven by the change in China's exports to the US affect wages in Thailand. Especially, we examine the heterogeneous effects according to workers' characteristics. To this end, we conduct regression analyses using individual-level quarterly data from the first quarter of 2017 to the second quarter of 2023. Our main finding is that the wage gap between low- and middle-skill occupations decreased, while the gap between middle- and high-skill occupations increased. Namely, the increased exports to the US caused “wage polarization” in Thailand. We also find that the increase in exports to the US contributed to expanding the wage gap by age but narrowing it by gender.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"183 ","pages":"Article 100603"},"PeriodicalIF":0.0,"publicationDate":"2025-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144189463","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The macroeconomic effects of public sector efficiency in advanced economies 发达经济体公共部门效率的宏观经济效应

International Economics Pub Date : 2025-05-09 DOI: 10.1016/j.inteco.2025.100600

Christos Chrysanthakopoulos , Panagiotis Bouloumpasis , Manolis Skotoris , Athanasios Tagkalakis

引用次数: 0

Trade in Business Services’ booms: The case of Ghana 商业服务贸易的繁荣：加纳的案例

International Economics Pub Date : 2025-05-08 DOI: 10.1016/j.inteco.2025.100598

Andrea Ariu

引用次数: 0

Leveraging global value chains for innovation: the case of SMEs 利用全球价值链促进创新：以中小企业为例

International Economics Pub Date : 2025-05-07 DOI: 10.1016/j.inteco.2025.100599

Yasmine Eissa , Chahir Zaki

引用次数: 0

Monetary policy effects on freight rates of dry bulk vessels 货币政策对干散货船运价的影响

International Economics Pub Date : 2025-04-12 DOI: 10.1016/j.inteco.2025.100596

Eleftheria Kostika , Panagiota Siameti , George Dotsis

引用次数: 0

How much debt is too much? Debt-growth dynamics in commodity-dependent and non-commodity-dependent developing economies 多少债务算太多？依赖商品和不依赖商品的发展中经济体的债务增长动态

International Economics Pub Date : 2025-04-11 DOI: 10.1016/j.inteco.2025.100597

Sarah J. Carrington , Leon Padilla , Ronny Oswaldo Herrera Pozo

{"title":"How much debt is too much? Debt-growth dynamics in commodity-dependent and non-commodity-dependent developing economies","authors":"Sarah J. Carrington , Leon Padilla , Ronny Oswaldo Herrera Pozo","doi":"10.1016/j.inteco.2025.100597","DOIUrl":"10.1016/j.inteco.2025.100597","url":null,"abstract":"<div><div>This paper examines the debt-growth dynamics of commodity-exporting and non-commodity-exporting developing countries, examining whether public debt thresholds differ between these groups. We applied the dynamic panel data threshold effects model with endogenous regressors including both <em>endogenous</em> and <em>exogenous</em> instruments proposed by Kremer et al. (2013) and expanded by Seo and Shin (2016) and Seo et al. (2019). Using panel data for 46 countries from 1981 to 2019, the analysis identifies distinct debt thresholds for the two groups, revealing significant negative effects of debt on growth beyond 62.14% of GDP for commodity exporters over the period 1981–2000, and beyond 53.83% during 2001–2019. For non-exporters, a debt threshold has emerged only over recent decades and is identified at 67.96% of GDP, with low-to-moderate debt levels <em>positively</em> associated with growth. The results highlight the role of institutions, human and physical capital investment, and trade openness in mitigating the growth drag effects of debt, particularly concerning commodity exporters. These findings deepen our understanding of debt sustainability and growth in developing economies, emphasizing the unique vulnerabilities of resource-dependent countries.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"182 ","pages":"Article 100597"},"PeriodicalIF":0.0,"publicationDate":"2025-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143834490","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do international capital flows discourage labour productivity in the Caribbean? An empirical investigation of Jamaica 国际资本流动是否阻碍了加勒比地区的劳动生产率？对牙买加的实证调查

International Economics Pub Date : 2025-04-05 DOI: 10.1016/j.inteco.2025.100595

Nadine McCloud , Wendel Ivey

{"title":"Do international capital flows discourage labour productivity in the Caribbean? An empirical investigation of Jamaica","authors":"Nadine McCloud , Wendel Ivey","doi":"10.1016/j.inteco.2025.100595","DOIUrl":"10.1016/j.inteco.2025.100595","url":null,"abstract":"<div><div>International capital flows can be harnessed to catalyse economic prosperity in developing nations. Correspondingly, they can have unintended consequences that keep these countries in a low productivity trap. As of 2020, Jamaica’s labour productivity has not eclipsed its historical high in 1976 despite being one of the top remittance-receiving destinations globally and a magnet for FDI inflows for tourism and global services. Leveraging linear and flexible orthodox and machine-learning tools, we empirically explore the dynamic heterogeneous impact of Remittances, FDI and ODA on labour productivity in the Caribbean nation. In the short run, a 10% increase in remittances has a contemporaneous impact of <span><math><mrow><mo>−</mo><mn>0</mn><mo>.</mo><mn>9</mn><mtext>%</mtext></mrow></math></span> on Jamaica’s labour productivity on average. At higher levels of labour productivity (greater than US $16,594.80), the adverse impact of remittances on labour productivity becomes more detrimental. Over longer horizons, the results reveal that positive (negative) shocks to remittances reduce (increase) Jamaica’s labour productivity. Also, remittances negatively impact Jamaica’s labour productivity at lower remittance inflow levels or higher levels of ODA. FDI and ODA exert adverse effects. Overall, we find that aggregate wage, labour force participation and GDP are plausible channels for the adverse remittance effect on Jamaica’s labour productivity.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"182 ","pages":"Article 100595"},"PeriodicalIF":0.0,"publicationDate":"2025-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143888168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Trade costs in services: Firm survival, firm growth and implied changes in employment 服务业的贸易成本：企业生存、企业增长和隐含的就业变化

International Economics Pub Date : 2025-03-28 DOI: 10.1016/j.inteco.2025.100594

Elisabeth Christen , Michael Pfaffermayr , Yvonne Wolfmayr

{"title":"Trade costs in services: Firm survival, firm growth and implied changes in employment","authors":"Elisabeth Christen , Michael Pfaffermayr , Yvonne Wolfmayr","doi":"10.1016/j.inteco.2025.100594","DOIUrl":"10.1016/j.inteco.2025.100594","url":null,"abstract":"<div><div>This paper analyzes the impact of industry-level trade cost changes on job creation and job destruction in Austrian service firms. The empirical analysis builds on heterogeneous firm trade models and their predictions on labor demand. Using a unique firm-level employer-employee matched dataset, we are able to account for all adjustment margins. We estimate a two-part model of firm survival and firm growth in terms of employment. Notably, these are complemented by separate regressions for firm entry rates at the industry-region level. To measure the change in trade costs in the services sector, we implement the measure of indirect trade cost introduced by Chen and Novy (2011). The estimates suggest that falling trade costs led to a net job creation of about 35.000 jobs in the Austrian service sector, accounting for 17.6 percent of the jobs created over the period 2000 to 2014. Smaller (less productive) firms contracted, while large (more productive) firms expanded, as predicted by theory. A large part of the adjustment occurred at the extensive margin due to changes in the probability of firm survival.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"182 ","pages":"Article 100594"},"PeriodicalIF":0.0,"publicationDate":"2025-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143860697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Floating exchange rate efficiency: Grouping patterns and pandemic impacts 浮动汇率效率：分组模式和流行病影响

International Economics Pub Date : 2025-03-20 DOI: 10.1016/j.inteco.2025.100591

Teresa Corzo , Karin Martin-Bujack , Jose Portela , Alejandro Rodriguez-Gallego

{"title":"Floating exchange rate efficiency: Grouping patterns and pandemic impacts","authors":"Teresa Corzo , Karin Martin-Bujack , Jose Portela , Alejandro Rodriguez-Gallego","doi":"10.1016/j.inteco.2025.100591","DOIUrl":"10.1016/j.inteco.2025.100591","url":null,"abstract":"<div><div>This study investigates the efficiency of global floating exchange rates spanning 19 years from 2004 to 2022. We examine the presence of long memory in a sample of twenty-five floating exchange rates against the US Dollar, representing 63 % of 2022 global GDP. To that end, we rely on rolling window estimates of the Hurst coefficient using Detrended Fluctuation Analysis (DFA) and Generalized Hurst Exponent (GHE) methodologies focusing on the impact of the COVID crisis. Repercussions of the COVID-19 pandemic on efficiency clearly emerge. Complementing previous partial studies, we obtain patterns that group currencies according to their pandemic efficiency reaction, presenting a comprehensive understanding of the dynamics of floating exchange rates. The broad sample of currencies analyzed allows the identification of two distinct groups of currencies, revealing a temporary shift in FX markets away from efficiency, with one group exhibiting prolonged deviations. Given the importance of the forex market, our empirical findings hold substantial implications for the broader finance community.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"182 ","pages":"Article 100591"},"PeriodicalIF":0.0,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143724418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Exploring the impact of economic, climate, and energy policy uncertainty on the Environmental Kuznets Curve: International evidence 探索经济、气候和能源政策不确定性对环境库兹涅茨曲线的影响：国际证据

International Economics Pub Date : 2025-03-19 DOI: 10.1016/j.inteco.2025.100592

Cristian Barra , Pasquale Marcello Falcone , Patrizio Giganti

{"title":"Exploring the impact of economic, climate, and energy policy uncertainty on the Environmental Kuznets Curve: International evidence","authors":"Cristian Barra , Pasquale Marcello Falcone , Patrizio Giganti","doi":"10.1016/j.inteco.2025.100592","DOIUrl":"10.1016/j.inteco.2025.100592","url":null,"abstract":"<div><div>The academic relevance of environmental pollution and its relationship with economic growth is an acclaimed research field. However, the implications of linking these variables with economic, climate, and energy policies represent the new frontier of the debate. Among the popular theories regarding the nexus between environmental pollution and economic growth, the Environmental Kuznets Curve (EKC) is highly debated. Additionally, the economic policy implications of uncertainty play a significant role. This work aims to investigate the existence of the EKC and the impact of some uncertainty indexes on it. The investigation includes analyzing both the direct impact of newly observed variables on pollution and the moderating effect of uncertainty indexes on the primary nexus. Specifically, three types of uncertainty are examined: economic policy, climate policy, and energy-related policy. The findings reflect the EKC's persistence and the relevance of moderating effects, mainly depending on the country's categorization. This aspect, along with sample heterogeneity and factors such as the implementation of the Kyoto Protocol Agreement, is examined in the robustness section.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"182 ","pages":"Article 100592"},"PeriodicalIF":0.0,"publicationDate":"2025-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143684591","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0