International Economics最新文献_第6页

Does trade openness improve or worsen public governance in sub-Saharan Africa? 贸易开放会改善还是恶化撒哈拉以南非洲的公共治理？

International Economics Pub Date : 2024-04-09 DOI: 10.1016/j.inteco.2024.100502

Gislain Stéphane Gandjon Fankem , Cédric Feyom

{"title":"Does trade openness improve or worsen public governance in sub-Saharan Africa?","authors":"Gislain Stéphane Gandjon Fankem , Cédric Feyom","doi":"10.1016/j.inteco.2024.100502","DOIUrl":"10.1016/j.inteco.2024.100502","url":null,"abstract":"<div><p>The literature on the effect of trade openness on public governance shows contrasting results. Using a renewed empirical strategy, we contribute to the understanding of this indeterminacy by studying the influence of trade openness on public governance in Sub-Saharan Africa. We also examine how this effect varies with structural characteristics that may be subject to reforms. In this respect, we use an original measure of trade openness. We consider public governance and its three dimensions, namely economic governance, political governance, and institutional governance. Overall, we find that trade openness improves public governance, political governance, and economic governance. On the other hand, it worsens institutional governance. Moreover, these effects of trade openness on the dimensions of public governance depend on the defined levels of technology transfer, foreign direct investment, and natural resources. Our results are robust to different openness and governance indicators, alternative specifications, study periods, endogeneity, and cross-sectional dependence. Above all, they highlight the interest of dissociating public governance to understand the contrast observed in the empirical literature.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100502"},"PeriodicalIF":0.0,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140757082","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

Shipping cost uncertainty, endogenous regime switching and the global drivers of inflation 航运成本不确定性、内生制度转换和全球通胀驱动因素

International Economics Pub Date : 2024-03-29 DOI: 10.1016/j.inteco.2024.100500

Christina Anderl , Guglielmo Maria Caporale

{"title":"Shipping cost uncertainty, endogenous regime switching and the global drivers of inflation","authors":"Christina Anderl , Guglielmo Maria Caporale","doi":"10.1016/j.inteco.2024.100500","DOIUrl":"https://doi.org/10.1016/j.inteco.2024.100500","url":null,"abstract":"<div><p>The recent Covid-19 pandemic has disrupted global supply chains and led to large increases in shipping costs. This paper provides shipping cost mean and uncertainty measures using the endogenous regime switching model with dynamic feedback and interactions developed by Chang et al. (2023). The uncertainty indicator measures overall risk in the shipping market and is shown to represent a useful addition to the existing set of economic and financial uncertainty indices. Both the shipping cost mean and uncertainty measures are then included in structural VAR models for the US, the UK, and the euro area to examine the pass-through to headline CPI, core CPI, PPI, and import price inflation vis-à-vis other global and domestic shocks. The results suggest that shipping cost uncertainty shocks have sizeable effects on all inflation measures and are characterized by a stronger pass-through than that of other domestic or global shocks. Unlike the latter, they also significantly affect core CPI inflation. These findings imply that shipping cost mean and uncertainty should also be considered by policymakers when assessing the global drivers of inflation.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100500"},"PeriodicalIF":0.0,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2110701724000234/pdfft?md5=af06b9cc54edbfb76170e8abd58356be&pid=1-s2.0-S2110701724000234-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140341484","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

The gravity of Offshore Financial Centers: Estimating real FDIs using a binary choice model 离岸金融中心的引力：利用二元选择模型估算实际外国直接投资

International Economics Pub Date : 2024-03-27 DOI: 10.1016/j.inteco.2024.100501

Marco Albori, Alessio Anzuini, Fabrizio Ferriani, Luca Rossi

引用次数: 0

Analysing the effect of foreign aid on industrialization: Evidence from Africa 分析外国援助对工业化的影响：非洲的证据

International Economics Pub Date : 2024-03-24 DOI: 10.1016/j.inteco.2024.100498

Honoré Tékam Oumbé , Ronald Djeunankan , Alice Kos A Mougnol

{"title":"Analysing the effect of foreign aid on industrialization: Evidence from Africa","authors":"Honoré Tékam Oumbé , Ronald Djeunankan , Alice Kos A Mougnol","doi":"10.1016/j.inteco.2024.100498","DOIUrl":"10.1016/j.inteco.2024.100498","url":null,"abstract":"<div><p>The importance of industrialization as an engine of economic growth and structural transformation has been largely documented. Despite the benefits of industrialization, Africa has witnessed a de-industrialization in recent decades. This means that some important determinants of industrialization remain unidentified in Africa. This study fills this gap by analysing the effect of foreign aid on industrialization in 42 African countries over the period 1995–2021. Using the two-step system Generalized Method of Moments, the following results are established. First, on average, foreign aid hurts industrialization in Africa. Second, the effect of foreign aid depends on the nature of the aid since education and energy aid improve industrialization while health and humanitarian aid negatively affect it. Third, we find a U-shaped relationship between foreign aid and industrialization. Interestingly, democracy and human capital can mitigate the negative effect of foreign aid on industrialization. These results have strong economic policy implications for African countries, showing that they should put in more effort to strengthen their level of democracy and human capital in order to enjoy the positive effect of foreign aid on industrialization. Finally, this research contributes to the development of aid distribution plans that support African nations' industrialization.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100498"},"PeriodicalIF":0.0,"publicationDate":"2024-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140402847","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

Does private share of public external debt support economic growth in developing countries? 公共外债中的私人份额是否支持发展中国家的经济增长？

International Economics Pub Date : 2024-03-22 DOI: 10.1016/j.inteco.2024.100499

Abdoul’ Ganiou Mijiyawa

引用次数: 0

How do foreign-owned suppliers affect economic performance? Evidence from Italian manufacturing firms 外资供应商如何影响经济绩效？来自意大利制造业企业的证据

International Economics Pub Date : 2024-03-08 DOI: 10.1016/j.inteco.2024.100487

Michele Imbruno , Rosanna Pittiglio , Filippo Reganati

{"title":"How do foreign-owned suppliers affect economic performance? Evidence from Italian manufacturing firms","authors":"Michele Imbruno , Rosanna Pittiglio , Filippo Reganati","doi":"10.1016/j.inteco.2024.100487","DOIUrl":"10.1016/j.inteco.2024.100487","url":null,"abstract":"<div><p>This paper examines how the presence of foreign-owned suppliers (Inward FDI in intermediate good sectors, called input IFDI) affects both the productivity and outward FDI propensity of domestic firms. Using data from Italian manufacturing firms over the period 2005–2012, we find that the degree of a firm's involvement in innovation activities is crucial. More specifically, input IFDI, on average, boosts aggregate productivity in sectors where the majority of firms are involved in innovation activities. These industry productivity gains are due to efficiency improvements within firms, as well as the reallocation of market shares towards more efficient firms. Conversely, in sectors where few firms are involved in innovation activities, input IFDI, on average, leads to productivity losses within firms, entailing larger market share reallocation towards the best performing firms. Our findings further demonstrate that in those sectors with a high degree of innovation activity, input IFDI increases domestic firms' propensity to invest abroad, whereas the opposite is true for the other sectors.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100487"},"PeriodicalIF":0.0,"publicationDate":"2024-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2110701724000106/pdfft?md5=c34da1b822f27e8e22a9aa5cbc708f8b&pid=1-s2.0-S2110701724000106-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140073009","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

Assessing the role of non-price factors: Shedding new light on the European competitiveness puzzle 评估非价格因素的作用：欧洲竞争力之谜的新启示

International Economics Pub Date : 2024-03-05 DOI: 10.1016/j.inteco.2024.100495

Sascha Keil

{"title":"Assessing the role of non-price factors: Shedding new light on the European competitiveness puzzle","authors":"Sascha Keil","doi":"10.1016/j.inteco.2024.100495","DOIUrl":"https://doi.org/10.1016/j.inteco.2024.100495","url":null,"abstract":"<div><p>Identifying major driving factors of a country's export performance is challenging. In particular, existing empirical evidence on the role of non-price competitiveness (NPC) remains inconclusive and fragmented. This study aims to address this issue by examining the consistency and validity of NPC's established empirical measures within a European context. I employ both indirect NPC approaches and proxy measures to econometrically assess the NPC contribution to explaining exports. The analysis is based on a dataset encompassing ten major European countries over the period 1995–2019, using the income-and-price-elasticity framework. This study shows that there is no preferable method to assess NPC. The findings underscore the need to consider multiple indicators when conducting a thorough analysis of a country's NPC, as each provides distinct insights. The evidence generated reveals a consistent deterioration in NPC for Germany, France, and Italy. Conversely, Portugal has witnessed enhancements in key NPC factors, while mixed evidence arises for Austria, Belgium, Finland, the Netherlands, Portugal, and Spain.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100495"},"PeriodicalIF":0.0,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2110701724000180/pdfft?md5=42044d8577fff173cff87055b29c4154&pid=1-s2.0-S2110701724000180-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140066933","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

Statistical omissions as the stabilizing factor of net foreign assets in EU countries 统计遗漏是欧盟国家外国净资产的稳定因素

International Economics Pub Date : 2024-03-04 DOI: 10.1016/j.inteco.2024.100485

Maria Siranova

引用次数: 0

The link between import sources and export success: Evidence from China 进口来源与出口成功之间的联系：来自中国的证据

International Economics Pub Date : 2024-02-28 DOI: 10.1016/j.inteco.2024.100488

Jason Campbell

引用次数: 0

Global value chains participation and gender inequalities in Sub-Saharan Africa: Importance of women education 全球价值链的参与和撒哈拉以南非洲的性别不平等：妇女教育的重要性

International Economics Pub Date : 2024-02-27 DOI: 10.1016/j.inteco.2024.100483

Hodabalo Bataka

{"title":"Global value chains participation and gender inequalities in Sub-Saharan Africa: Importance of women education","authors":"Hodabalo Bataka","doi":"10.1016/j.inteco.2024.100483","DOIUrl":"https://doi.org/10.1016/j.inteco.2024.100483","url":null,"abstract":"<div><p>In the current climate of international trade paradigm changing, this paper empirically investigates the effects of global value chains (GVCs) participation on gender inequalities in sub-Saharan Africa (SSA) from 1990 to 2015. The study also highlights the role of women's education in the relationship between GVC participation and gender inequalities. The static panel model specification, followed by the estimation technique robust to cross-sectional dependence augmented by country- and year-fixed effects, enabled to overcome cross-sectional dependence, endogeneity, heteroscedasticity, and error autocorrelation. The findings show that GVC participation is beneficial in reducing gender inequalities in SSA. However, these results indicate that SSA countries must turn towards the upstream GVCs participation to better control gender inequalities. Furthermore, the study finds that GVC participation in the agricultural and manufacturing sectors decreases gender inequalities compared to other sectors. Moreover, improving women's education increases the effects of reducing gender inequalities through GVC participation, especially in the manufacturing and service sectors. These outcomes are useful for policymakers.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"178 ","pages":"Article 100483"},"PeriodicalIF":0.0,"publicationDate":"2024-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140015909","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