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Globalisation and carbon dioxide emissions inequality in OECD countries 经合组织国家的全球化和二氧化碳排放不平等
The World economy Pub Date : 2023-11-30 DOI: 10.1111/twec.13542
Jianchun Fang, Giray Gozgor, Mantu Kumar Mahalik, Gupteswar Patel, Xueyin Song
{"title":"Globalisation and carbon dioxide emissions inequality in OECD countries","authors":"Jianchun Fang, Giray Gozgor, Mantu Kumar Mahalik, Gupteswar Patel, Xueyin Song","doi":"10.1111/twec.13542","DOIUrl":"https://doi.org/10.1111/twec.13542","url":null,"abstract":"Economic growth has been crucial in contributing to carbon dioxide (CO<sub>2</sub>) emissions from the Industrial Revolution, and it affects CO<sub>2</sub> emissions heterogeneously with different income levels. Therefore, studying the role of economic growth on inequality in carbon emissions is imperative. This paper analyses the determinants of CO<sub>2</sub> emissions inequality in the panel dataset of 37 Organisation for Economic Co-operation and Development (OECD) countries from 1990 to 2019. Age dependency, globalisation, and institutional quality reduce CO<sub>2</sub> inequality in the OECD economies. However, gross domestic product per capita increases CO<sub>2</sub> inequality. The results are robust to utilise different panel data estimation techniques. This paper provides the first evidence in the literature of determinants of CO<sub>2</sub> inequality across the OECD countries. It is suggested that governments in the OECD economies offer a blueprint for a sustainable society of green economic growth. Other potential policy implications are also discussed.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"85 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138513250","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
How EU membership affects foreign direct investment: Differences between EU15 and CEE countries 欧盟成员国身份如何影响外国直接投资:欧盟15国与中东欧国家的差异
The World economy Pub Date : 2023-11-28 DOI: 10.1111/twec.13541
Bettina Meinhart
{"title":"How EU membership affects foreign direct investment: Differences between EU15 and CEE countries","authors":"Bettina Meinhart","doi":"10.1111/twec.13541","DOIUrl":"https://doi.org/10.1111/twec.13541","url":null,"abstract":"This article examines the impact of membership in the European Union (EU) on foreign direct investments (FDI). In contrast to previous studies, the overall effect of EU membership is disaggregated by countries that joined the EU before 2004 (EU15) and those that joined after 2004 [Central and Eastern European (CEE)]. This disaggregation is motivated by differences between the two groups in terms of their historical background, GDP levels and motives for FDI. Furthermore, the effects of EU membership are estimated at the country level. Using a structural FDI gravity model and applying recent advances in the gravity estimation literature, it is shown that membership of the EU has a substantial positive impact on both inward and outward FDI stocks. In particular, there is considerable heterogeneity in the impact of EU membership, with EU15 countries experiencing mainly an increase in inward FDI, while CEE countries experience a surge in outward FDI.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138513368","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
Anti-dumping policy in Japan: From passive to active and self-disciplined anti-dumping actions 日本反倾销政策:从被动到主动和自律的反倾销行动
The World economy Pub Date : 2023-11-27 DOI: 10.1111/twec.13540
Chisato Shibayama
{"title":"Anti-dumping policy in Japan: From passive to active and self-disciplined anti-dumping actions","authors":"Chisato Shibayama","doi":"10.1111/twec.13540","DOIUrl":"https://doi.org/10.1111/twec.13540","url":null,"abstract":"While Japan's anti-dumping (AD) legislation has a long history, the use of AD policies in Japan was limited until the 2010s. This study analyses the evolution of Japan's AD policy over more than 100 years and its background across four periods: (1) from the AD Law's enactment in 1920 to the establishment of the General Agreement on Tariffs and Trade (GATT); (2) from the establishment of GATT to 1990, when no investigation or taxation was conducted; (3) from 1991 to 2008, a period of trial-and-error in AD procedures; and (4) the period after 2009 when the legal system and procedures were improved, and AD measures were being used more. In addition, we discuss the characteristics of industries that applied for AD. The reasons for the low number of AD measures in Japan vary by period and are driven by the circumstances of the prevailing times.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"30 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138513313","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
EU agriculture under an import stop for food and feed 欧盟农业受到食品和饲料进口禁令的限制
The World economy Pub Date : 2023-11-27 DOI: 10.1111/twec.13537
Ferike Thom, Alexander Gocht, Harald Grethe
{"title":"EU agriculture under an import stop for food and feed","authors":"Ferike Thom, Alexander Gocht, Harald Grethe","doi":"10.1111/twec.13537","DOIUrl":"https://doi.org/10.1111/twec.13537","url":null,"abstract":"Recent disruptions in international trade have had significant impacts on consumers and producers worldwide and stemmed from various reasons. This study aims to identify key vulnerabilities in EU agriculture by examining an import stop on food and feed products. By conducting this stylised simulation using a global PE model (CAPRI), the authors analyse the adjustment mechanisms within the sector, investigate regional differences within the EU and test the model's ability to depict such a comprehensive scenario. The findings suggest that oilseeds are most affected by an import stop due to their high import share. Meat is indirectly impacted as it relies on imported soy for animal feed, whereas other products with high self‐sufficiency levels are hardly affected. In response to the import stop, EU production expands, increasing nitrogen surpluses, particularly in regions already facing critical levels. Meat production partially moves out of the EU, increasing global GHG emissions. EU consumers are negatively affected by increased prices, leading to an overall welfare decrease in the EU with exceptions for few member states. Alongside EU imports, exports decrease, affecting prices and welfare outside the EU. In the least developed countries, prices increase especially for products that are already consumed less than recommended.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"86 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138513248","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's the influence of input's variation? Estimating the input elasticity in the global value chain 输入变量的影响是什么?全球价值链投入弹性的估算
The World economy Pub Date : 2023-11-27 DOI: 10.1111/twec.13530
Xian-nan Cheng, Shuhui Wen, Nuobing Fan, Yuwei Liu, Yujing Wang
{"title":"What's the influence of input's variation? Estimating the input elasticity in the global value chain","authors":"Xian-nan Cheng, Shuhui Wen, Nuobing Fan, Yuwei Liu, Yujing Wang","doi":"10.1111/twec.13530","DOIUrl":"https://doi.org/10.1111/twec.13530","url":null,"abstract":"This article presents a comprehensive framework for assessing the influence of input variation during the period of stagnant expansion of the global value chain (GVC) by incorporating input elasticity. Each import sector is treated as a complete input demand system with a stochastic preference for input in the framework of Ghosh Inverse, and the input elasticity is employed to quantify the input variation based on the Quadratic Almost Ideal Demand System (QUAIDS) model. New empirical evidence covering three major regional value chains (RVCs) and the time span from 2010 to 2020 reveals that increasing input elasticity leads to additional output for most countries, except those within the North American RVC. Additionally, this article also discusses how external determinants have diverse extents influence to input elasticity, while the substitution effect among homogenous input in the specific input demand system may decide their input's competitiveness.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"86 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138513249","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
African economic integration and trade 非洲经济一体化和贸易
The World economy Pub Date : 2023-11-27 DOI: 10.1111/twec.13538
Marie M. Stack, Emmanuel B. Amissah, Martin Bliss
{"title":"African economic integration and trade","authors":"Marie M. Stack, Emmanuel B. Amissah, Martin Bliss","doi":"10.1111/twec.13538","DOIUrl":"https://doi.org/10.1111/twec.13538","url":null,"abstract":"Economic integration ranks as one of the leading development strategies in Africa. The newly created African Continental Free Trade Area (AfCFTA) and the proposed Tripartite Free Trade Area (TFTA) linking three major regional blocks offer a new impetus to studying trade policy effects. Using a structural gravity model of bilateral manufacturing trade between the African Union member states and all countries in the world, the trade effects of African economic integration agreements (EIAs) are assessed. The findings suggest that economic integration, in aggregate, enhances total African exports. Disaggregating the effects by type of agreement and by subgroups of countries, free trade agreements (FTAs) and partial scope agreements (PSAs) are found to increase <i>extra</i>-African exports, but have no effects on <i>intra</i>-African exports. A positive and significant effect on intra-African exports is introduced when the FTA dummy is combined with AfCFTA in contrast to a neutral effect stemming from the joint FTA-TFTA dummy. The findings suggest that a continent-wide FTA yields greater benefits when compared with integrating the subregions.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"85 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138513263","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
Labour-saving automation: A direct measure of occupational exposure 节省劳力的自动化:职业性暴露的直接量度
The World economy Pub Date : 2023-11-24 DOI: 10.1111/twec.13522
Fabio Montobbio, Jacopo Staccioli, Maria Enrica Virgillito, Marco Vivarelli
{"title":"Labour-saving automation: A direct measure of occupational exposure","authors":"Fabio Montobbio, Jacopo Staccioli, Maria Enrica Virgillito, Marco Vivarelli","doi":"10.1111/twec.13522","DOIUrl":"https://doi.org/10.1111/twec.13522","url":null,"abstract":"This article represents one of the first attempts at building a <i>direct</i> measure of occupational exposure to robotic labour-saving technologies. After identifying robotic and labour-saving robotic patents, the underlying 4-digit CPC (Cooperative Patent Classification) code definitions, together with O*NET (Occupational Information Network) task descriptions, are employed to detect functions and operations which are more directed to substituting the labour input and their exposure to labour-saving automation. This measure allows us to obtain fine-grained information on tasks and occupations according to their text similarity ranking. Occupational exposure by wage and employment dynamics in the United States is then studied, and complemented by investigating industry and geographical penetration rates.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"73 4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138525331","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 impact of automation on labour market outcomes in emerging countries 自动化对新兴国家劳动力市场结果的影响
The World economy Pub Date : 2023-11-23 DOI: 10.1111/twec.13523
Luis R. Díaz Pavez, Inmaculada Martínez-Zarzoso
{"title":"The impact of automation on labour market outcomes in emerging countries","authors":"Luis R. Díaz Pavez, Inmaculada Martínez-Zarzoso","doi":"10.1111/twec.13523","DOIUrl":"https://doi.org/10.1111/twec.13523","url":null,"abstract":"The labour market effects of automation have gained significant attention from scholars and policymakers. Concerns about negative effects are important in emerging countries, where a rapid acceleration of robot adoption and an increasing involvement in global value chains have been observed in recent years, with the subsequent increase in exposure to foreign competition. This paper estimates the effect of local and foreign robots on labour market outcomes and labour shares using a panel dataset composed of 16 sectors and ten emerging countries from 2008 to 2014. The endogeneity of robots' adoption is addressed with an instrumental variables approach and using a shift-share index of exposure to foreign robots. The main results for all sectors show that foreign robot adoption has negatively affected employment in emerging countries. When exploring sectoral heterogeneity, we find that the foreign robots' negative effect on employment has occurred in many sectors, being more prominent in those with higher exposure to foreign robots. Moreover, we found small and negative inter-sectoral spillover effects of local robots on employment and wages. Finally, the results also show that the labour share is affected in some sectors of emerging countries by both the use of local and foreign robots.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"3 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138525268","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
Uncertainty of supply chains: Risk and ambiguity 供应链的不确定性:风险和模糊性
The World economy Pub Date : 2023-11-20 DOI: 10.1111/twec.13534
d'Artis Kancs
{"title":"Uncertainty of supply chains: Risk and ambiguity","authors":"d'Artis Kancs","doi":"10.1111/twec.13534","DOIUrl":"https://doi.org/10.1111/twec.13534","url":null,"abstract":"Motivated by the recently experienced systemic shocks (the COVID-19 pandemic and the full-fledged Russia's war of aggression against Ukraine)—that have created new forms of uncertainties to our supplies—this paper explores the supply chain robustness under risk aversion and ambiguity aversion. We aim to understand the potential consequences of deeply uncertain systemic events on the supply chain resilience and how does the information precision affect individual agents' choices and the chain-level preparedness to aggregate shocks. Augmenting a parsimonious supply chain model with uncertainty, we analyse the relationship between the upstream sourcing decisions and the supply chain survival probability. Both risk-averse and ambiguity-averse individually-optimising agents' upstream sourcing paths are efficient but can become vulnerable to aggregate shocks. In contrast, a chain-level coordination of downstream firm sourcing decisions can qualitatively improve the robustness of the entire supply chain compared to the individual decision-making baseline. Such a robust decision making ensures that in the presence of an aggregate shock—independently of its realisation—part of upstream suppliers will survive and the final goods' supply will be ensured even under the most demanding circumstances. Our results also indicate that an input source diversification extracts a cost in foregone efficiency.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138525274","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
Towards meaningful transparency at the WTO: Reinforcing the trade policy review mechanism1 实现世贸组织有意义的透明度:加强贸易政策审查机制
The World economy Pub Date : 2023-11-14 DOI: 10.1111/twec.13531
André Brotto Reigado, Simon J. Evenett, Fernando Martin
{"title":"Towards meaningful transparency at the <scp>WTO</scp>: Reinforcing the trade policy review mechanism<sup>1</sup>","authors":"André Brotto Reigado, Simon J. Evenett, Fernando Martin","doi":"10.1111/twec.13531","DOIUrl":"https://doi.org/10.1111/twec.13531","url":null,"abstract":"Abstract We characterise the operation of the World Trade Organization's Trade Policy Review as an exercise, albeit valuable, in performative transparency. We describe steps taken by the St. Gallen Endowment for Prosperity Through Trade to augment this review process so as contribute towards meaningful transparency. Drawing from recent Trade Policy Reviews of G20 countries, specific examples are described where revealing evidence was provided that facilitates government assessment of their economies' exposure to the commercial policy practices of the reviewed nation. While a step forward, further steps are needed to attain meaningful transparency at the multilateral level that translates into better commercial policies.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"21 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134953755","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
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