The World economy最新文献_第9页

The international trade in human vaccines before COVID‐19 COVID - 19之前的人用疫苗国际贸易

The World economy Pub Date : 2023-10-26 DOI: 10.1111/twec.13533

Agustí Segarra‐Blasco, Mercedes Teruel, Sebastiano Cattaruzzo

{"title":"The international trade in human vaccines before COVID‐19","authors":"Agustí Segarra‐Blasco, Mercedes Teruel, Sebastiano Cattaruzzo","doi":"10.1111/twec.13533","DOIUrl":"https://doi.org/10.1111/twec.13533","url":null,"abstract":"Abstract The recent COVID‐19 pandemic has highlighted the importance of global access to human vaccines. There is, however, no empirical work on either the unequal distribution of international trade or on its determinants. Applying a gravity model to the UN Comtrade database between 2000 and 2019, we explain the patterns of bilateral trade across 116 countries. Using the Poisson Pseudo‐Maximum Likelihood methodology, our results show that inequalities in international vaccine trade have steadily increased. In general, supply and demand drivers play a role in explaining the flow of human vaccines. The impact of these drivers varies depending on the income level of the importing country. High‐income countries intensify their flows with demand factors such as GDP per capita, or supply factors such as the location of big pharmaceutical companies. Conversely, low‐income countries receive more vaccines according to their population. Our results show that a poor country that houses a big pharmaceutical company acts as an exporting platform to developing and poor countries. Middle‐income countries present features similar to rich countries both by producing more and also by exporting more. The imbalance endangers the global fight against the current COVID‐19 pandemic.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"5 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134909232","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

Pandemics and economic turmoil in the short‐run: The role of fiscal space 流行病与短期经济动荡:财政空间的作用

The World economy Pub Date : 2023-10-25 DOI: 10.1111/twec.13527

João Tovar Jalles

引用次数: 0

A positive effect of uncertainty shocks on the economy: Is the chase over? 不确定性冲击对经济的积极影响:追逐结束了吗?

The World economy Pub Date : 2023-10-19 DOI: 10.1111/twec.13520

Nicolas Himounet, Francisco Serranito, Julien Vauday

{"title":"A positive effect of uncertainty shocks on the economy: Is the chase over?","authors":"Nicolas Himounet, Francisco Serranito, Julien Vauday","doi":"10.1111/twec.13520","DOIUrl":"https://doi.org/10.1111/twec.13520","url":null,"abstract":"How large and persistent are the effects of uncertainty shocks on the economy? Are the effects of macroeconomic uncertainty shocks different from those of financial uncertainty shocks? In the empirical literature, there was a consensus on an estimated negative impact of uncertainty on macroeconomic variables. Recently, some studies identifying shocks with a novel methodology, namely the events constraint approach, find that macroeconomic uncertainty shocks may trigger an increase in the industrial production. The goal of this paper is to question this striking result. We have identified two main shortcomings in this literature that could explain the positive correlation between macroeconomic uncertainty and economic activity. We show that this method of identification can be sensitive depending on how to identify and select the structural uncertainty shocks in a SVAR model. Our main conclusion is that the controversial result of a positive effect of macroeconomic uncertainty on economic activity does not yet seem to be proven. Whether financial or macroeconomic, there is no evidence allowing for rejection of the hypothesis that they have a negative impact on economic activity.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"124 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135778620","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

Regulatory convergence within technical barriers to trade 技术性贸易壁垒内的监管趋同

The World economy Pub Date : 2023-10-18 DOI: 10.1111/twec.13515

Mahdi Ghodsi

{"title":"Regulatory convergence within technical barriers to trade","authors":"Mahdi Ghodsi","doi":"10.1111/twec.13515","DOIUrl":"https://doi.org/10.1111/twec.13515","url":null,"abstract":"Abstract This paper analyses how regulatory convergence in different categories of technical barriers to trade (TBTs) imposed on imports of goods in information and communications technology (ICT) globally affected the values, volumes and unit values of imported goods during the period 1996–2019. Keywords cited in TBTs that are notified to the World Trade Organisation (WTO) give an indication of the regulatory objectives behind the imposition of TBTs. MAST also classifies TBTs based on their applicability, procedural and administrative uses, factors which will also be taken into consideration in the analysis. However, the objectives of TBTs may provide better insights to policymakers. TBTs are non‐discriminatory measures that are imposed unilaterally on all trading partners and on domestic producers. It is not feasible to analyse unilateral TBTs in a gravity setting, as they are excluded by the introduction of country‐product‐time fixed effects that control for multilateral resistances. However, regulatory convergence in TBT categories is a bilateral time‐varying variable that is analysed in a gravity model in this paper. The empirical results suggest that regulatory convergence between trading partners in some TBT categories stimulates import values and volumes. However, the impact is very heterogeneous across TBT objectives and classes and across ICT product categories.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135884894","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

Introduction to INFER special issue on “new aspects of economic and financial integration” 《经济与金融一体化的新方面》特刊简介

The World economy Pub Date : 2023-10-18 DOI: 10.1111/twec.13517

António Afonso, Cristina Badarau, Camélia Turcu

引用次数: 0

The socioeconomic impact of Special Economic Zones: Evidence from Cambodia 经济特区的社会经济影响:来自柬埔寨的证据

The World economy Pub Date : 2023-10-17 DOI: 10.1111/twec.13526

Mariya Brussevich

引用次数: 10

Trilemma revisited with dollar dominance in trade and finance 随着美元在贸易和金融领域的主导地位，三难困境再次出现

The World economy Pub Date : 2023-10-17 DOI: 10.1111/twec.13525

Vanessa Olakemi Dovonou

引用次数: 0

Geopolitical risks and financial stress in emerging economies 新兴经济体面临地缘政治风险和金融压力

The World economy Pub Date : 2023-10-17 DOI: 10.1111/twec.13529

Tam NguyenHuu, Deniz Karaman Örsal

引用次数: 0

The evolving international effects of China's government spending 中国政府支出不断演变的国际影响

The World economy Pub Date : 2023-10-13 DOI: 10.1111/twec.13494

Wen Zhang

引用次数: 0

Deep trade agreements, production position distance and bilateral global value chain participation 深度贸易协定、生产位置距离和双边全球价值链参与

The World economy Pub Date : 2023-10-11 DOI: 10.1111/twec.13514

Zhaobin Fan, Sajid Anwar, Ying Zhou

{"title":"Deep trade agreements, production position distance and bilateral global value chain participation","authors":"Zhaobin Fan, Sajid Anwar, Ying Zhou","doi":"10.1111/twec.13514","DOIUrl":"https://doi.org/10.1111/twec.13514","url":null,"abstract":"Abstract Owing to globalisation‐induced fragmentation of production across regions and reorganisation of global value chains (GVCs), more attention is being paid to the impact of deep preferential trade agreements (PTAs) on GVC participation. We examine how the promotional effect of deep trade agreements on GVC participation changes with GVC production position distance between member countries. We argue that production position distance has an inverted U‐shaped effect on the relationship between deep trade agreements and bilateral GVC participation. Specifically, starting with a short production position distance, an increase in production position distance can strengthen the promotional effect of deep trade agreements on bilateral GVC participation. However, when the production position distance reaches a certain threshold, an increase in production position distance weakens the promotional effect of deep trade agreements on bilateral GVC participation. Analysis of panel data, which covers 43 countries over the 2000–2014 period, supports our predictions. Further analysis shows that the inverted U‐shaped effect of production position distance on the relationship between deep trade agreements and bilateral GVC participation is more likely to take place in the manufacturing sector rather than in the services sector.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136212956","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