International Economics最新文献

Do ICTs promote the renewable energy consumption? The moderating effects of economic growth and structural transformation in Africa 信息和传播技术是否促进了可再生能源消费？非洲经济增长和结构转型的调节作用

International Economics Pub Date : 2024-11-09 DOI: 10.1016/j.inteco.2024.100563

Ariel Herbert Fambeu , Patricia Tchawa Yomi

引用次数: 0

The impact of the belt and road initiative on international consumption risk sharing: A difference-in-differences analysis 一带一路 "倡议对国际消费风险分担的影响：差异分析

International Economics Pub Date : 2024-10-31 DOI: 10.1016/j.inteco.2024.100562

Cheng Zhou

引用次数: 0

Broadening the definition of healthcare products in global trade: Insights from a new classification 拓宽全球贸易中保健产品的定义：新分类法的启示

International Economics Pub Date : 2024-10-29 DOI: 10.1016/j.inteco.2024.100561

Pierre Cotterlaz , Guillaume Gaulier , Aude Sztulman , Deniz Ünal

{"title":"Broadening the definition of healthcare products in global trade: Insights from a new classification","authors":"Pierre Cotterlaz , Guillaume Gaulier , Aude Sztulman , Deniz Ünal","doi":"10.1016/j.inteco.2024.100561","DOIUrl":"10.1016/j.inteco.2024.100561","url":null,"abstract":"<div><div>International trade in healthcare products took off during the 2000s, paralleling the peak of hyper-globalisation. Two decades later, the Covid-19 pandemic highlighted the importance of health security for governments. This crisis brought issues of industrial sovereignty to the forefront and exposed vulnerabilities within global production networks. However, the intricate web of global value chains has compromised the traceability of these essential goods. Additionally, the classification of healthcare products across multiple industries in standard trade and production nomenclatures complicates their identification and further obscures the analysis. In this paper, we systematically identify products that address the needs of national health systems and gather them into a single industry grouping to evaluate the scale and trends in trade. This healthcare industry grouping, encompassing a broad array of products—medicinal products and their compounds, medical technology equipment, and small medical materials— has demonstrated the highest relative growth among all industry groupings since 2000. Our study provides a detailed examination of the nature of global trade in the healthcare industry grouping and its five branches, categorized by production stage (intermediate and final) and quality/price range. We analyze the positioning of advanced economies in comparison to the rest of the world and offer insights into the geographical and geopolitical breakdowns of healthcare industry trade, both within and between country blocs.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"180 ","pages":"Article 100561"},"PeriodicalIF":0.0,"publicationDate":"2024-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142660904","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

This is going to hurt: Weather anomalies, supply chain pressures and inflation 这会造成伤害：天气异常、供应链压力和通货膨胀

International Economics Pub Date : 2024-10-26 DOI: 10.1016/j.inteco.2024.100560

Serhan Cevik , Gyowon Gwon

{"title":"This is going to hurt: Weather anomalies, supply chain pressures and inflation","authors":"Serhan Cevik , Gyowon Gwon","doi":"10.1016/j.inteco.2024.100560","DOIUrl":"10.1016/j.inteco.2024.100560","url":null,"abstract":"<div><div>As climate change accelerates, the frequency and severity of extreme weather events are expected to worsen and have greater adverse consequences for ecosystems, physical infrastructure, and economic activity across the world. This paper investigates how weather anomalies affect global supply chains and inflation dynamics. Using monthly data for six large and well-diversified economies (China, the Euro area, Japan, Korea, the United Kingdom, and the United States) over the period 1997–2021, we implement a structural vector autoregressive model and document that weather anomalies could disrupt supply chains and subsequently lead to inflationary pressures. Our results—based on the monthly data and robust to alternative estimation methodologies—show that these effects vary across countries, depending on the severity of weather shocks and vulnerability to supply chain disruptions. The impact of weather shocks on supply chains and inflation dynamics is likely to become more pronounced with accelerating climate change that can have heterogeneous effects. These findings have important policy implications. Central bankers should consider the impact of weather anomalies on supply chains and inflation dynamics to prevent entrenching second-round effects and de-anchoring of inflation expectations. More directly, however, governments can invest more for climate change adaptation to strengthen critical infrastructure and thereby minimize supply chain disruptions.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"180 ","pages":"Article 100560"},"PeriodicalIF":0.0,"publicationDate":"2024-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142573186","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Oil shocks and the Islamic financial market: Evidence from a causality-in-quantile approach 石油冲击与伊斯兰金融市场：量化因果关系方法的证据

International Economics Pub Date : 2024-10-19 DOI: 10.1016/j.inteco.2024.100559

Ibrahim D. Raheem , Sara le Roux , Mobeen Ur Rehman

{"title":"Oil shocks and the Islamic financial market: Evidence from a causality-in-quantile approach","authors":"Ibrahim D. Raheem , Sara le Roux , Mobeen Ur Rehman","doi":"10.1016/j.inteco.2024.100559","DOIUrl":"10.1016/j.inteco.2024.100559","url":null,"abstract":"<div><div>This study examines the nonlinear relationship between Islamic stock indices and oil shocks. Nonlinearity is viewed from the prism of nonparametric causality-in-quantile, and oil price is decomposed into demand, supply, and risk. The objective of this study is to examine the causality between sectoral Islamic stocks and oil shocks. Using a dataset for ten sectoral Islamic stock indices, we show that causality between the variables of interest is heterogenous across (i) measures of shocks (i.e., demand, supply, or risk), (ii) types of the sector (i.e., the ten sectors), (iii) state of the market (bear, normal, bull) and (iv) model specifications (mean vs. variance equation). We find that for the US, sectoral returns, demand and risk shocks affect Industrial, Information Technology, and ESG sectors across all quantiles, while supply shocks cause changes across normal market conditions. The US healthcare sector remains insensitive and the communications sector is affected only across extreme quantiles. Each oil shock exhibits a significant causal effect on Asian Pacific and Emerging Islamic markets consistently across all quantiles. Developed and European Islamic markets remain sensitive to risk-related shocks. Policy implications of these results are discussed.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"180 ","pages":"Article 100559"},"PeriodicalIF":0.0,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142660974","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Trade Policy Ppace, Aid for Trade and, Intra-African and External African Manufactured Exports 贸易政策空间、贸易援助、非洲内部和非洲外部制成品出口

International Economics Pub Date : 2024-10-16 DOI: 10.1016/j.inteco.2024.100558

Sèna Kimm Gnangnon

引用次数: 0

Quality and trade with many countries and industries 质量和与许多国家和行业的贸易

International Economics Pub Date : 2024-10-16 DOI: 10.1016/j.inteco.2024.100557

P.M. Picard , A. Tampieri

引用次数: 0

Better two eyes than one: A synthesis classification of exchange rate regimes 两只眼睛总比一只好：汇率制度的综合分类

International Economics Pub Date : 2024-10-15 DOI: 10.1016/j.inteco.2024.100556

Cécile Couharde , Carl Grekou

{"title":"Better two eyes than one: A synthesis classification of exchange rate regimes","authors":"Cécile Couharde , Carl Grekou","doi":"10.1016/j.inteco.2024.100556","DOIUrl":"10.1016/j.inteco.2024.100556","url":null,"abstract":"<div><div>This paper proposes a new <em>de facto</em> classification of exchange rate regimes, the synthesis classification. This framework offers several advantages over existing <em>de facto</em> classifications. First, it provides a unified framework that integrates the most divergent classifications, the <em>RR</em> and <em>LYS</em> classifications, not only achieving broader coverage but also encompassing a wide spectrum of exchange regimes. Second, it fits better with the historical developments of exchange rate regimes in the post-Bretton Woods era. Among others, it brings a nuanced perspective on the so-called hollowing-out hypothesis by showing that the evolution of <em>de facto</em> regimes —especially in emerging economies since the late 1990s— has essentially involved a shift toward more tightly “managed” intermediate regimes, rather than a move away from them. As an illustration of the insightfulness of our classification, we empirically revisit the relationship between currency crises and exchange rate regimes. Our classification not only associates a higher probability of currency crisis with both intermediate and floating regimes, but also shows better statistical performances in predicting currency crises compared to other classifications.</div></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"180 ","pages":"Article 100556"},"PeriodicalIF":0.0,"publicationDate":"2024-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142526830","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

Shots, sympathy, and societal support: How conflict intensity translates into cooperative behaviour towards the displaced 枪声、同情和社会支持：冲突强度如何转化为对流离失所者的合作行为

International Economics Pub Date : 2024-10-10 DOI: 10.1016/j.inteco.2024.100555

Reinhard A. Weisser

引用次数: 0

COVID-19 and time-frequency spillovers between oil and sectoral stocks and portfolio implications: Evidence from China and US economies COVID-19 石油和行业股票之间的时间频率溢出效应及其对投资组合的影响：来自中国和美国经济的证据

International Economics Pub Date : 2024-10-02 DOI: 10.1016/j.inteco.2024.100554

Walid Mensi , Khamis Hamed Al-Yahyaee , Xuan Vinh Vo , Sang Hoon Kang

引用次数: 0