International Economics最新文献_第9页

Hydrogen development in Europe: Estimating material consumption in net zero emissions scenarios 欧洲的氢能开发：在净零排放情景下估计材料消耗

International Economics Pub Date : 2023-10-08 DOI: 10.1016/j.inteco.2023.100457

Gondia Sokhna Seck , Emmanuel Hache , Vincent D'Herbemont , Mathis Guyot , Louis-Marie Malbec

{"title":"Hydrogen development in Europe: Estimating material consumption in net zero emissions scenarios","authors":"Gondia Sokhna Seck , Emmanuel Hache , Vincent D'Herbemont , Mathis Guyot , Louis-Marie Malbec","doi":"10.1016/j.inteco.2023.100457","DOIUrl":"https://doi.org/10.1016/j.inteco.2023.100457","url":null,"abstract":"<div><p>Low-carbon hydrogen has already been announced by many countries as one of their priorities for achieving carbon neutrality by 2050. In Europe, particularly, a political momentum for hydrogen use has strengthened in recent years. This potential for massive development of low-carbon hydrogen technologies in the coming decades raises questions about the world's future dependence on mineral resources and the associated environmental impacts. The aim of this article is to address this issue by assessing the raw materials consumption associated with hydrogen development in Europe up to 2050. The results are based on an analysis of the European hydrogen development pathways resulting from the H24EU project. They highlight the importance of platinum-group metals in electrolysers deployment. Annual iridium demand for PEM electrolysers installed in the European Union could cause major supply tensions since it could reach 164% of its current global production by 2050. Nickel, cobalt, and copper, already associated with high risks of bottlenecks in the energy transition, are not left out: the development of alkaline electrolysis could contribute to a substantial increase in demand for these strategic materials.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"176 ","pages":"Article 100457"},"PeriodicalIF":0.0,"publicationDate":"2023-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50178843","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 effect of technological intensity on international trade 技术强度对国际贸易的影响

International Economics Pub Date : 2023-10-04 DOI: 10.1016/j.inteco.2023.100456

Tingting Xiong

引用次数: 0

Fiscal outcomes, current account imbalances, and institutions in Europe: Exploring nonlinearities 财政结果、经常账户失衡和欧洲制度:探讨非线性

International Economics Pub Date : 2023-10-01 DOI: 10.1016/j.inteco.2023.04.002

Kady Keita , Isabelle Rabaud , Camelia Turcu

{"title":"Fiscal outcomes, current account imbalances, and institutions in Europe: Exploring nonlinearities","authors":"Kady Keita , Isabelle Rabaud , Camelia Turcu","doi":"10.1016/j.inteco.2023.04.002","DOIUrl":"https://doi.org/10.1016/j.inteco.2023.04.002","url":null,"abstract":"<div><p>We analyze the fiscal outcomes associated to the current account imbalances within Europe. We hypothesize that the effects of current account imbalances on fiscal variables within the European Union are nonlinear and that the nonlinearity is modulated by the quality of governance. We use data on 28 European Union countries from 2000 to 2019, apply a Panel Smooth Transition Regression (PSTR) approach and proxy governance by measures of corruption. We find evidence of a nonlinear relationship: the fiscal effects related to current account imbalances are differentiated among European countries. On the one hand, we find a positive elasticity of fiscal balance to current account balance when the quality of institutions is low. This suggests that in countries with high corruption, a deterioration of the current account results in a degradation of fiscal balance and an increase of debt. On the other hand, we find a negative elasticity of fiscal balance to current account balance when the quality of institutions is high. This implies that in countries with low corruption, larger current account imbalances can be related to an improved fiscal balance and a lower debt. Robustness checks comfort our findings.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"175 ","pages":"Pages 121-134"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49864643","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

Economic diversification in Saudi Arabia: Comparing the impact of oil prices, geopolitical risk, and government expenditures 沙特阿拉伯的经济多元化:比较油价、地缘政治风险和政府支出的影响

International Economics Pub Date : 2023-10-01 DOI: 10.1016/j.inteco.2023.05.003

Osama D. Sweidan , Khadiga Elbargathi

{"title":"Economic diversification in Saudi Arabia: Comparing the impact of oil prices, geopolitical risk, and government expenditures","authors":"Osama D. Sweidan , Khadiga Elbargathi","doi":"10.1016/j.inteco.2023.05.003","DOIUrl":"https://doi.org/10.1016/j.inteco.2023.05.003","url":null,"abstract":"<div><p>Our paper examines and compares the influence of oil prices, international geopolitical risks, and government expenditures on Saudi Arabia's economic diversification during 1970–2020. We employ the bounds testing approach to cointegration to estimate the parameters of the Autoregressive Distributed Lag model to attain the paper's goal. Our results show that oil prices and international geopolitical risk harm the KSA diversification process in the short run. The destructive effect of oil prices continues in the long run, while the impact of the international geopolitical risk does not persist. On the other hand, government expenditures encourage the diversification attitude in the short and long run. This outcome highlights the capability of the KSA government to stimulate the diversification process. It is a positive sign of the state capitalism doctrine's impact on the KSA economic diversification mechanism. From a policy implication perspective, our paper suggests prioritizing economic diversification clearly on the KSA government's agenda. Simultaneously, strengthening the KSA institutional framework and developing new forms of the social contract are critical to motivating the diversification process.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"175 ","pages":"Pages 13-24"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49865081","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: 1

Trade decoupling from Russia 与俄罗斯的贸易脱钩

International Economics Pub Date : 2023-10-01 DOI: 10.1016/j.inteco.2023.05.001

Alessandro Borin , Francesco Paolo Conteduca , Enrica Di Stefano , Vanessa Gunnella , Michele Mancini , Ludovic Panon

引用次数: 1

Remittances, financial development, and income inequality: A panel quantile regression approach 汇款、金融发展和收入不平等:面板分位数回归方法

International Economics Pub Date : 2023-10-01 DOI: 10.1016/j.inteco.2023.07.003

Keerti Mallela, Sunny Kumar Singh, Archana Srivastava

{"title":"Remittances, financial development, and income inequality: A panel quantile regression approach","authors":"Keerti Mallela, Sunny Kumar Singh, Archana Srivastava","doi":"10.1016/j.inteco.2023.07.003","DOIUrl":"https://doi.org/10.1016/j.inteco.2023.07.003","url":null,"abstract":"<div><p>This paper studies the association between remittances, financial development, and income inequality for a sample of 70 developing countries from 1984 to 2019. Most of the existing studies in the literature have examined either the remittances and inequality relationship or the financial development and inequality relationship, but only a few have looked at the effect of both remittances and financial development on inequality. However, none of the existing studies have looked at the combined effect of these two on inequality. Our contribution to the literature is manifold. First and foremost, we examine whether remittances and financial development are substitutes or complements in reducing inequality and find evidence that, in countries that are more unequal, remittances substitute financial development in reducing inequality. But, in countries that are less unequal, remittances complement financial development in reducing inequality. Second, we find that the substitutionary effect of remittances is larger than their complementary effect. And finally, while previous studies have assumed that remittances and financial development have homogenous effects on inequality, we find that remittances and financial development exert heterogeneous effects across the conditional distribution of inequality.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"175 ","pages":"Pages 171-186"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49865075","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

Exchange-rate policy, institutions and wages: A macroeconomic quasi-experiment from Italy, 1997–2000 汇率政策、制度和工资:1997-2000年意大利宏观经济准实验

International Economics Pub Date : 2023-10-01 DOI: 10.1016/j.inteco.2023.07.001

Corrado Andini

引用次数: 0

Brexit and Canadadvent: An application of graphs and hypergraphs to recent international trade agreements 英国脱欧与加拿大降临:图与超图在近期国际贸易协定中的应用

International Economics Pub Date : 2023-10-01 DOI: 10.1016/j.inteco.2023.04.005

Michela Chessa, Arnaud Persenda, Dominique Torre

引用次数: 0

Competition and banking efficiency in the WAEMU: The role of multinationals and institutions 西欧货币联盟的竞争与银行业效率:跨国公司和机构的作用

International Economics Pub Date : 2023-10-01 DOI: 10.1016/j.inteco.2023.06.001

Richard Kuessi , N'Yilimon Nantob , Segnon Aguey , Mawuli Kodjovi Couchoro

{"title":"Competition and banking efficiency in the WAEMU: The role of multinationals and institutions","authors":"Richard Kuessi , N'Yilimon Nantob , Segnon Aguey , Mawuli Kodjovi Couchoro","doi":"10.1016/j.inteco.2023.06.001","DOIUrl":"https://doi.org/10.1016/j.inteco.2023.06.001","url":null,"abstract":"<div><p>This paper analyzes the effect of competition on bank efficiency in the WAEMU, taking into account the role of multinational banks and institutional quality, using data on 141 banks from 2000 to 2019. Using Lerner then Boone indices as a proxy for competition, we apply the One-step procedure, then the 2SLS-IV to control for endogeneity, the Tobit to control for the censored dependent variable, and the GMM for robustness check. The results show that competition negatively affects bank efficiency according to the current environment and structure of the WAEMU banking system. However, this relationship between competition and efficiency is non-linear and subject to a high threshold of competition. Furthermore, the results show that multinational banks are generally less efficient but more resilient to competition due to their level of capitalization, their ability to invest in innovation, and their networks. The estimates also show that corruption and political instability reduce bank efficiency and reinforce the negative effect of competition on efficiency. The relevant authorities should continue to advocate for a better institutional and political environment to ensure that the WAEMU banking system moves toward a first order optimum.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"175 ","pages":"Pages 45-62"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49864642","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: 2

Cultural proximity and global value chains 文化接近和全球价值链

International Economics Pub Date : 2023-10-01 DOI: 10.1016/j.inteco.2023.06.003

Ngoc Thang Doan

引用次数: 0