International Economics最新文献_第5页

Determinants of India's cotton export performance: An empirical analysis 印度棉花出口业绩的决定因素：实证分析

International Economics Pub Date : 2024-06-07 DOI: 10.1016/j.inteco.2024.100521

Alok Kumar Yadav, Utpal Chattopadhyay

引用次数: 0

It's a match! Linking foreign counterparts in Italian customs data to their balance sheets 匹配！将意大利海关数据中的外国同行与其资产负债表联系起来

International Economics Pub Date : 2024-05-24 DOI: 10.1016/j.inteco.2024.100511

Marta Crispino, Francesco Paolo Conteduca

引用次数: 0

Internationalization and financial constraints: Opportunities, obstacles, and strategies 国际化与财务限制：机遇、障碍和战略

International Economics Pub Date : 2024-05-20 DOI: 10.1016/j.inteco.2024.100510

G. Falavigna , V. Giannini , R. Ippoliti

{"title":"Internationalization and financial constraints: Opportunities, obstacles, and strategies","authors":"G. Falavigna , V. Giannini , R. Ippoliti","doi":"10.1016/j.inteco.2024.100510","DOIUrl":"https://doi.org/10.1016/j.inteco.2024.100510","url":null,"abstract":"<div><p>This study delves into the relationship between financial constraints and internationalization, investigating the role and extent of variability in access to the capital market in shaping internationalization strategic choices. In detail, focusing on the Italian manufacturing industry between 2013 and 2019, we examine this relation disentangling the effect between export and import dynamics. Initially, we run various OLS regression models to investigate the profile of exporting/importing firms, providing a preliminary picture of the internationalization process of the Italian manufacturing industry. Then, we run several GMM regression models to highlight these dynamics over time and to collect robust evidence for our hypotheses. According to the results, we observe that firms under high financial constraints have the lowest intensity of import and export flows (i), firms under moderate financial constraints have the highest intensity of export flows (ii), and firms under low financial constraints have the highest intensity of import flows (iii). An interpretation of these results concerns the heterogeneity of business-to-business payment dynamics across the EU global value chain, with the Italian market characterized by the longest delay. Hence, internationalization through export flows represents an opportunity for those companies with the most aggressive business strategies, quickly raising their internal liquidity, and complementing local financial debts with international trade credits. On the other hand, only firms with no restrictions to the capital market can afford prompt payments of foreign suppliers, easily collecting the necessary liquidity to support import flows.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"179 ","pages":"Article 100510"},"PeriodicalIF":0.0,"publicationDate":"2024-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2110701724000337/pdfft?md5=ea0a8ab56b261042d4b1b8944acf883e&pid=1-s2.0-S2110701724000337-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141090697","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

Economic globalisation and Africa's quest for greener and more inclusive growth: The missing link 经济全球化与非洲对更绿色、更具包容性增长的追求：缺失的环节

International Economics Pub Date : 2024-05-15 DOI: 10.1016/j.inteco.2024.100509

Isaac K. Ofori , Andreas Freytag , Simplice A. Asongu

{"title":"Economic globalisation and Africa's quest for greener and more inclusive growth: The missing link","authors":"Isaac K. Ofori , Andreas Freytag , Simplice A. Asongu","doi":"10.1016/j.inteco.2024.100509","DOIUrl":"10.1016/j.inteco.2024.100509","url":null,"abstract":"<div><p>This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and inclusive green growth (IGG) relationship. To this end, we apply the fixed-effects generalized method of moments with Driscoll-Kraay standard errors estimator to macro data for the period 2008–2020 for 22 selected African countries. The following findings are established. First, we find that economic freedom reduces the negative effect of EG on IGG. Second, when we disaggregate EG into financial and trade globalisation, we show that the moderating effect of economic freedom on the former is rather striking. Third, our threshold analysis suggests that by improving Africa's unfree economic architecture to 60% (moderately free), the IGG-deteriorating marginal effects of EG are significantly mitigated (but not nullified). We conclude that unless an effort is made to improve economic freedom in Africa, the envisaged IGG gains of economic globalisation might prove elusive.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100509"},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2110701724000325/pdfft?md5=5a2da75095081700dc08df636a79e0a9&pid=1-s2.0-S2110701724000325-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141031942","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

Remittances and government expenditures on human capital in developing countries 发展中国家的汇款和政府人力资本支出

International Economics Pub Date : 2024-05-14 DOI: 10.1016/j.inteco.2024.100508

Kevin Williams

引用次数: 0

The effects of foreign investor composition on Colombia's sovereign debt flows 外国投资者构成对哥伦比亚主权债务流动的影响

International Economics Pub Date : 2024-05-09 DOI: 10.1016/j.inteco.2024.100507

Fredy Gamboa-Estrada , Andres Sanchez-Jabba

引用次数: 0

A decade of Eurasian integration: An ex-post non-parametric assessment of the Eurasian economic union 欧亚一体化十年：对欧亚经济联盟的事后非参数评估

International Economics Pub Date : 2024-05-07 DOI: 10.1016/j.inteco.2024.100506

Pierluigi Montalbano , Augusto Cerqua , Zhansaya Temerbulatova

{"title":"A decade of Eurasian integration: An ex-post non-parametric assessment of the Eurasian economic union","authors":"Pierluigi Montalbano , Augusto Cerqua , Zhansaya Temerbulatova","doi":"10.1016/j.inteco.2024.100506","DOIUrl":"https://doi.org/10.1016/j.inteco.2024.100506","url":null,"abstract":"<div><p>This paper provides a sound <em>ex-post</em> evaluation of the impact of the Eurasian integration on member countries’ bilateral trade after a decade of implementation. We overcome the main limitations of current empirical analyses on the effects of trade agreements, namely the aggregation of tariff and non-tariff barriers and the likely self-selection bias, by applying a non-parametric method specifically designed to fully exploit time-series cross-sectional data. We thus compare the trade flows of the member countries in the Eurasian agreement with the exporter-importer pairs located in the Eurasian continent, which are most similar in terms of pre-treatment trends and features. Our results confirm the previous literature about the lack of a significant impact of the Eurasian customs union but find more positive net effects of the more recent integration steps. Our results ask for additional efforts to complete the Eurasian integration and let its member countries fully benefit from its hoped-for long-term effects.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100506"},"PeriodicalIF":0.0,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2110701724000295/pdfft?md5=cfe7c889dd4493643067d1e4cd7ab6b9&pid=1-s2.0-S2110701724000295-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140950235","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

(Mis)Alignment between observed and expected monetary policy: The case of Brazil (观察到的货币政策与预期的货币政策（不）一致：巴西的案例

International Economics Pub Date : 2024-04-27 DOI: 10.1016/j.inteco.2024.100505

Jose Angelo Divino , Carlos Haraguchi

引用次数: 0

Determinants of PTA design: Insights from machine learning PTA 设计的决定因素：机器学习的启示

International Economics Pub Date : 2024-04-20 DOI: 10.1016/j.inteco.2024.100504

Stepan Gordeev , Sandro Steinbach

引用次数: 0

Extreme downside risk connectedness and portfolio hedging among the G10 currencies G10 货币之间的极端下行风险关联性和投资组合对冲

International Economics Pub Date : 2024-04-14 DOI: 10.1016/j.inteco.2024.100503

Emmanuel Joel Aikins Abakah , Mariem Brahim , Jean-Etienne Carlotti , Aviral Kumar Tiwari , Walid Mensi

{"title":"Extreme downside risk connectedness and portfolio hedging among the G10 currencies","authors":"Emmanuel Joel Aikins Abakah , Mariem Brahim , Jean-Etienne Carlotti , Aviral Kumar Tiwari , Walid Mensi","doi":"10.1016/j.inteco.2024.100503","DOIUrl":"https://doi.org/10.1016/j.inteco.2024.100503","url":null,"abstract":"<div><p>This study investigates the frequency connectedness among foreign exchange markets of G10 countries, focusing on tail risk and its implications for portfolio management. To do so, we use a novel framework that combines the Conditional Autoregressive Value-at-Risk (CAViaR) model with the novel time-varying frequency and quantile connectedness method developed by Chatziantoniou et al. (2022) based on Baruník and Křehlík (2018) and Ando et al. (2018) approach. A key value of this paper to the literature is the provision of fresh empirical evidence on the extreme downside linkages among the markets examined. From the average connectedness measures, the top shock transmitters within the network were EUR, NOK, AUD, SEK, and NZD, while the main shock receivers emerged to be JPY and CHF, followed by CAD and GBP. We note that events in the major funding markets (the Eurozone, Japan) have a higher impact on the participants in these same markets than in relatively small markets (New Zealand, Norway). From the dynamic connectedness results, the magnitude of connectedness for the entire sample period increased during the COVID-19 era, compared to the magnitude before the COVID-19 outbreak. The cumulative spillover also reveals that USDNOK is the vastest net transmitter of spillovers to other markets, including SEK, CHF, and AUD. However, the EUR is the largest net beneficiary followed by JPY and CAD. Findings from the time-varying extreme downside analysis suggest that throughout the period, SEK and NOK are the other currencies' strongest and most frequent net spillover shock emitters for the short-, medium-, and long-term dynamics. Currency portfolio implications are discussed.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100503"},"PeriodicalIF":0.0,"publicationDate":"2024-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140643631","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