International Economics最新文献_第8页

International trade and wage inequality: Evidence from Brazil 国际贸易与工资不平等：巴西的证据

International Economics Pub Date : 2024-08-22 DOI: 10.1016/j.inteco.2024.100536

Lucas Squarize Chagas , Vinicios P. Sant’Anna

引用次数: 0

What a difference an OFDI makes. Firm-level evidence from the EU 对外直接投资带来的变化。欧盟企业层面的证据

International Economics Pub Date : 2024-08-18 DOI: 10.1016/j.inteco.2024.100537

Koray Aktaş , Valeria Gattai , Piergiovanna Natale

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引用次数: 0

Does immigration increase crime? The advantage of dynamic threshold models with finer geographic units 移民会增加犯罪吗？具有更精细地理单元的动态阈值模型的优势

International Economics Pub Date : 2024-07-24 DOI: 10.1016/j.inteco.2024.100534

Akinori Tomohara

引用次数: 0

Financial fragility, regime change, and monetary policy in an open economy – A model and empirical application to emerging market countries 开放经济中的金融脆弱性、政权更迭和货币政策--新兴市场国家的模型和经验应用

International Economics Pub Date : 2024-07-22 DOI: 10.1016/j.inteco.2024.100532

Willi Semmler , Marieme Toure

{"title":"Financial fragility, regime change, and monetary policy in an open economy – A model and empirical application to emerging market countries","authors":"Willi Semmler , Marieme Toure","doi":"10.1016/j.inteco.2024.100532","DOIUrl":"10.1016/j.inteco.2024.100532","url":null,"abstract":"<div><p>July 20, 2023 (Revised April 15, 2024) The experiences of the 1997–98 Asian Financial Crisis and the 2008–09 Global Financial Crisis encouraged economists to develop new open-economy dynamic finance-macro models. Such models allow for nonlinearities -- to study the effects of contractionary currency devaluation -- in contrast to models of expansionary currency devaluation. The generic dynamic model of the finance-macro link in this paper includes the dynamics of the inflation rates, output gap, and financial variables (credit flows, risk premia, and exchange rates). The theoretical model with nonlinearities shows that there can be resilient or non-resilient outcomes of the dynamics. The level of resilience is however dependent on some empirical vulnerabilities. Relevant empirics show the risk premium is related not only to domestic real macro and financial variables, but also to the exchange rate and the foreign currency reserves. Econometrically, this paper explores the regime-dependent interaction of the output gap and financial variables in a two-regime non-linear Logistic Vector Smooth Transition Auto-Regressive (LVSTAR) model with a logistic-type transition function. This empirical study reveals that the financial variables of emerging economies show regime-dependent responses to external shocks. Therefore, a positive shock to the risk premia in a negative output gap regime entails an exchange rate depreciation, and accelerating contractions. Overall, however, a diversity of EM economies are examined in terms of their response to external shocks and their resilience levels. This research also has implications for international portfolio holdings.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"179 ","pages":"Article 100532"},"PeriodicalIF":0.0,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141851624","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

What is it good for? On the inflationary effects of military conflicts 有什么好处？军事冲突对通货膨胀的影响

International Economics Pub Date : 2024-07-20 DOI: 10.1016/j.inteco.2024.100535

Ulrich Eydam, Florian Leupold

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引用次数: 0

Intra-African migration and the real exchange rate 非洲内部移民和实际汇率

International Economics Pub Date : 2024-07-18 DOI: 10.1016/j.inteco.2024.100526

Morel Tien

引用次数: 0

Population aging, pensions, informality and labor market frictions in Lebanon. Reforms and policy choices 黎巴嫩的人口老龄化、养老金、非正规性和劳动力市场摩擦。改革与政策选择

International Economics Pub Date : 2024-07-14 DOI: 10.1016/j.inteco.2024.100531

Marie-Claude Kamar , Riccardo Magnani

引用次数: 0

Asymmetric shocks of the COVID-19 pandemic on the Australian stock market: Evidence from multiple threshold nonlinear ARDL (MTNARDL) approach COVID-19 大流行对澳大利亚股市的非对称冲击：多阈值非线性 ARDL (MTNARDL) 方法的证据

International Economics Pub Date : 2024-07-10 DOI: 10.1016/j.inteco.2024.100533

Partha Gangopadhyay , Rudra P. Pradhan , Narasingha Das

引用次数: 0

Assessment of Economic Policy Uncertainty spillovers: A cross-border analysis of global and BRIC economies 经济政策不确定性溢出效应评估：对全球和 "金砖四国 "经济体的跨境分析

International Economics Pub Date : 2024-07-06 DOI: 10.1016/j.inteco.2024.100530

Umar Kayani , M. Kabir Hassan , Austin Dejan , Maaz Khan , Farrukh Nawaz

引用次数: 0

Trade openness, governance quality, and economic growth in Latin America and the Caribbean 拉丁美洲和加勒比地区的贸易开放度、治理质量和经济增长

International Economics Pub Date : 2024-06-29 DOI: 10.1016/j.inteco.2024.100527

Olugbenga A. Onafowora , Oluwole Owoye

{"title":"Trade openness, governance quality, and economic growth in Latin America and the Caribbean","authors":"Olugbenga A. Onafowora , Oluwole Owoye","doi":"10.1016/j.inteco.2024.100527","DOIUrl":"https://doi.org/10.1016/j.inteco.2024.100527","url":null,"abstract":"<div><p>The existing literature on the relationship between trade openness and economic growth is extensive, but there is a dearth of research that examines whether this relationship is contingent on the quality of governance institutions in a country. In this study, we address this gap by investigating the moderating effects of governance quality on the trade openness-economic growth nexus in Latin America and the Caribbean (LAC) during the 2000–2021 period. We utilize six indicators of governance quality from the World Bank's world governance indicators and employ correlation and the dynamic panel System Generalized Method of Moments technique for robust and efficient analysis, which yields more accurate results when the number of cross-sections exceeds the time dimension of the dataset. Our findings indicate that governance effectiveness, rule of law, control of corruption, and regulatory quality have a significantly positive impact on the positive relationship between trade openness and economic growth. In contrast, the moderating effects of voice and accountability and political stability on the trade openness-economic growth relationship are negative and statistically significant. Based on these results, we conclude that each governance dimension has distinct effects on the trade openness-economic growth nexus. In term of policy recommendation, policymakers need to harness the benefits of international trade for promoting economic growth; therefore, LAC countries should focus on investing in institutional quality and designing policies that would enhance the overall quality and effectiveness of governance.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"179 ","pages":"Article 100527"},"PeriodicalIF":0.0,"publicationDate":"2024-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141540014","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