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Full-Text Articles in International Economics

La Efectiva Integración Del Mercosur. Estado Actual Del Proceso. Avances Y Desafíos, Francisco Carlos Ruiz Diaz Nov 2015

La Efectiva Integración Del Mercosur. Estado Actual Del Proceso. Avances Y Desafíos, Francisco Carlos Ruiz Diaz

Francisco Carlos Ruiz Diaz

El Mercosur se encuentra actualmente en un equilibrio que no es su condición de equilibrio de largo plazo. Su agenda comercial con pocos avances. Se han incluido dos nuevos socios, lo cual implica menos concentración (poder en las negociaciones) por parte de los socios mayoritarios (Argentina y Brasil). En los próximos años el Mercosur tendrá como desafíos: fortalecer y completar las instituciones para la libre circulación, retomar los esfuerzos para potenciar los temas comerciales, conectividad física e infraestructura, profundizar el relacionamiento externo (problemas de «agregación de preferencias), consolidar la coordinación macroeconómica y recuperar la credibilidad del sistema de solución de …


Notes On The Seminar On African Economic Outlook 2015, Held On The 8th Of October 2015 At The House Of The Estates Of Finland, J. G. A. Saviranta Oct 2015

Notes On The Seminar On African Economic Outlook 2015, Held On The 8th Of October 2015 At The House Of The Estates Of Finland, J. G. A. Saviranta

Akseli Saviranta

The following document presents summarised key notes from the United Nations University – World Institute for Development Economics Research (UNU-WIDER) seminar titled “African Economic Outlook 2015 – Unlocking the potential of local economies for inclusive growth”. The seminar presented the 2015 report titled “African Economic Outlook 2015 – Regional Development and Spatial Inclusion”, produced by the African Development Bank, the OECD Development Centre, and the United Nations Development Programme. The African Development Bank, UNU-WIDER, and the Ministry of Foreign Affairs of Finland were the co-organisers of the Seminar.


Small Firms And Domestic Bank Dependence In Europe's Great Recession, Mathias Hoffmann, Bent E. Sorensen Jun 2015

Small Firms And Domestic Bank Dependence In Europe's Great Recession, Mathias Hoffmann, Bent E. Sorensen

Mathias Hoffmann

The paper studies the role of small businesses (SME) in the transmission of the Eurozone crisis to member countries and whether regions or countries with many SMEs were less able to share risk. Our analysis draws attention to domestic bank dependence---defined as the share of domestic private credit originated by domestic banks---as a key variable modulated the impact of shocks on bank-dependent SMEs and thus on the real economy. We argue that Eurozone banking integration in the years after the creation of the single currency was lopsided in the sense that, until 2008, cross-border lending between banks increased markedly while …


Globalization And Inequality An International Comparison Between Sweden And The Us, Sergio A. Berumen May 2015

Globalization And Inequality An International Comparison Between Sweden And The Us, Sergio A. Berumen

Sergio A. Berumen

In this paper we first review the concepts of Globalization and Inequality, paying special attention to the conclusions reached previously by other economists. Later on, we carry on with an international comparison between Sweden and the United States for the period 1913-2012. We depict the evolution in inequality levels for both countries, based in two main indicators: the Gini Index and the top 1% income share. Our findings point out that inequality has strongly risen in the United States whilst Sweden’s level of inequality is not far from the one presented immediately after the World War II. These results may …


Impact Of Political And Economic Integration On Labour Mobility In The Arabian Peninsula, J. G. A. Saviranta Mar 2015

Impact Of Political And Economic Integration On Labour Mobility In The Arabian Peninsula, J. G. A. Saviranta

Akseli Saviranta

The main question that this work tackles is the extent of the impact that political and economic shifts might have had on the labour market structure and regulations.


Patent Protection And The Industrial Composition Of Multinational Activity: Evidence From U.S. Multinational Firms, Olena Ivus, Walter Park, Kamal Saggi Jan 2015

Patent Protection And The Industrial Composition Of Multinational Activity: Evidence From U.S. Multinational Firms, Olena Ivus, Walter Park, Kamal Saggi

Olena Ivus

Using data on U.S. firms' technology licensing to local agents in developing countries, this paper examines the impact of patent protection on internal and arms-length technology transfer. The effects of protection vary across products according to their complexity. Consistent with theories of internalization, we find that patent reforms enable local firms to attract more arms-length technology transfer, especially of simple products which are relatively easy to imitate. Affiliated licensing also rises among simple products, but falls among complex products. The results withstand several robustness checks, including controlling for endogeneity by using colonial origin as an instrument, and are equally strong …


Does Stronger Patent Protection Increase Export Variety? Evidence From U.S. Product-Level Data, Olena Ivus Jan 2015

Does Stronger Patent Protection Increase Export Variety? Evidence From U.S. Product-Level Data, Olena Ivus

Olena Ivus

Proponents of global intellectual property rights (IPRs) reforms have argued that developing countries' weak IPRs limit their access to foreign innovative products and technologies. Central to our understanding of the effects of IPRs on product access is the influence of national differences in patent protection on corporate behavior and business strategy of multinational firms. Using detailed product data on U.S. exports from 1990 to 2000, this paper assesses the impact of strengthening IPRs in developing countries on product variety of U.S. exports. Colonial origin and cross-industry variation in patent effectiveness serve to identify the impact. The results show that the …


The Political Economy Of Special Economic Zones, Lotta Moberg Jan 2015

The Political Economy Of Special Economic Zones, Lotta Moberg

Lotta Moberg

Special economic zones (SEZs) are a wide-spread and increasingly popular tool for economic growth. Big or small, secluded or isolated, they are areas where a government allows for different rules to apply than the rest of the country. Most commonly, this means granting fiscal privileges to investors in the zones. Exemptions from taxes, tariffs, and sometimes regulations mean that SEZs form islands of economic liberalization in a country. A common attitude to zones is therefore that while broader liberalization is preferred, SEZs always benefit a country as long as they bring about this marginal improvement. The skeptical view of SEZs …


The Time Is Right: An Analysis Of Timing In Bilateral Agreements Implementation, Luca Salvatici Jan 2015

The Time Is Right: An Analysis Of Timing In Bilateral Agreements Implementation, Luca Salvatici

Luca Salvatici

No abstract provided.


Exchange Rates As Shock Absorbers: The Role Of Export Margins, Lilia Cavallari Jan 2015

Exchange Rates As Shock Absorbers: The Role Of Export Margins, Lilia Cavallari

Lilia Cavallari

No abstract provided.


The Time Cost Of Documents To Trade, Mohammad Amin, Asif Islam Jan 2015

The Time Cost Of Documents To Trade, Mohammad Amin, Asif Islam

Mohammad Amin

The paper shows that the number of documents required to export and import tend to increase the time cost of shipments. However, this relationship is far from simplistic, varying sharply in magnitude depending on the income level and the size of the country. Specifically, the increase in the time cost of increased documentation is much larger for countries that are relatively poor and large in size. One interpretation of this finding is that the relatively rich countries that have more resources and the relatively small countries that rely more on trade invest more in building efficient documentation systems. Hence, increased …


Roads And Resources: Groundwater Depletion In Lankao Country In The North China Plains, Ujjayant N. Chakravorty, Xiangzheng Deng, Yazhen Gong, Martino Pelli, Zhang Qian Jan 2015

Roads And Resources: Groundwater Depletion In Lankao Country In The North China Plains, Ujjayant N. Chakravorty, Xiangzheng Deng, Yazhen Gong, Martino Pelli, Zhang Qian

Ujjayant Chakravorty

China produces most of its food grains in the North China Plains. However, there is evidence that groundwater aquifers in this region are being overexploited. We use a unique GIS-referenced dataset of the depth of the water table for all the 12,000 odd tube wells in Lankao county. We find that the construction of new highways has led to a depletion of the water table in wells close to the highways. This relationship is robust to a variety of controls, including distance to river and primary canals, village and township fixed effects, the date of drilling of the well and …