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Implementing Propensity Score Matching With Network Data: The Effect Of Gatt On Bilateral Trade, Luca De Benedictis, Bruno Arpino, Alessandra Mattei 2017 Universitat Pompeu Fabra

Implementing Propensity Score Matching With Network Data: The Effect Of Gatt On Bilateral Trade, Luca De Benedictis, Bruno Arpino, Alessandra Mattei

Luca De Benedictis

Motivated by the evaluation of the causal effect of the General Agreement on Tariffs and Trade on bilateral international trade flows, we investigate the role of network structure in propensity score matching under the assumption of strong ignorability. We study the sensitivity of causal inference with respect to the presence of characteristics of the network in the set of confounders conditional on which strong ignorability is assumed to hold. We find that estimates of the average causal effect are highly sensitive to the presence of node-level network statistics in the set of confounders. Therefore, we argue that estimates may suffer ...


Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin 2017 The Graduate Center, City University of New York

Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

Essay 1: The theory of the Law of One Price (LOOP) is one of the most important theories in International Economics. I use financial markets to revisit the validity of the LOOP in the short run, and then extend the analysis into the long-run to examine whether events such as the Financial Crisis of 2007-2009 can lead to the failure of the LOOP or worsen deviations from it. Using the data on Canadian companies cross-listed on the New York Stock Exchange, I find strong support that the LOOP holds in a cross-sectional framework despite the fact that the sample includes ...


Behind Germany’S Willkommenskultur And Hungary’S Xenophobic Sentiments: Responses To The Syrian Refugee Crisis Within The European Union, Mia Kelliher 2017 University of Puget Sound

Behind Germany’S Willkommenskultur And Hungary’S Xenophobic Sentiments: Responses To The Syrian Refugee Crisis Within The European Union, Mia Kelliher

International Political Economy Theses

The movement of over 4.5 million Syrian refugees and other migrants fleeing the Syrian civil war has put significant strain on the European Union’s (EU) member states both politically, socially, and economically. This tests a state’s ability and willingness to continue to accept refugees. This paper aims to answer the question of what determines the willingness and the ability of certain EU member states, specifically Germany and Hungary, to accept refugees. While there are many factors that vary from state to state, there are factors that dominate and heavily influence a state’s willingness and ability to ...


Winning The Virtuous Battle, But Losing The War? The Tradeoffs Of Humanitarian Aid And Its Impact On Human Development, Sierra Miller 2017 University of Puget Sound

Winning The Virtuous Battle, But Losing The War? The Tradeoffs Of Humanitarian Aid And Its Impact On Human Development, Sierra Miller

International Political Economy Theses

This paper addresses the question of what conditions best enable recipient countries to harness humanitarian aid to create long term human development. In an examination of the 2010 earthquake in Haiti, and the 2004 Indian Ocean tsunami in Sri Lanka, it becomes clear that the conditions that limit humanitarian aid’s potential for human development are more apparent than those that enable it. Political conflict, instability, inequalities, and social divisions in the recipient countries contribute to the limited effect of humanitarian aid on development, but institutional weakness, inconsistency, and competition within the international humanitarian aid community have a larger impact ...


Why Did China Do This? An Analysis On China's New Gasoline "Price Floor" Policy, Youhan Ding 2017 Scripps College

Why Did China Do This? An Analysis On China's New Gasoline "Price Floor" Policy, Youhan Ding

Scripps Senior Theses

Why did China choose certain policy over others that would achieve similar impact? Because China has a significant presence in the modern international community, it is difficult yet critical to understand the policy implications of the Chinese government under its unique political and socioeconomic context. This thesis shows the impact of a specific “price floor” policy China chose to employ in its oil and gasoline market, and identifies the factors concerning the Chinese regime that it took into consideration in the decision making process, through analysing data and official statements released by the government. After different parties affected by this ...


Degree Matters: The Impact Of A Leader’S Foreign Education On His Country’S Economic Development, Zhongyi Yu 2017 Claremont McKenna College

Degree Matters: The Impact Of A Leader’S Foreign Education On His Country’S Economic Development, Zhongyi Yu

CMC Senior Theses

I analyze the correlation between a nation leader’s foreign education experience and their nation’s GDP growth and economic freedom in African, Asian, and South American countries. There is a statistically significant correlation between a leader’s foreign education and the country’s GDP growth rate, especially in Africa. Data also shows that a leader’s foreign education is positively correlated with his country’s economic freedom. Despite the fact that the regressions can only demonstrate correlation as opposed to causation relationships among variables, further analysis of the results concludes that a leader’s education and the country’s ...


Mexico Consensus Economic Forecast, Volume 20, Number 1, Thomas M. Fullerton Jr., Adam G. Walke 2017 University of Texas at El Paso

Mexico Consensus Economic Forecast, Volume 20, Number 1, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.


The Pdvsa Pricing Puzzle, Paolo Colla, Anna Gelpern, Mitu Gulati 2017 Duke Law School

The Pdvsa Pricing Puzzle, Paolo Colla, Anna Gelpern, Mitu Gulati

Faculty Scholarship

Market reports in the summer of 2016 suggest that Venezuela is on the brink of default on upwards of $65 billion in debt. That debt comprises of bonds issued directly by the sovereign and those issued by the state-owned oil company PDVSA. Based on the bond contracts and other legal factors, it is not clear which of these two categories of bonds would fare better in the event of a restructuring. However, market observers are convinced — and we agree — that legal and contractual differences would likely impact the payouts on the bonds if Venezuela defaults. Using a comparison of recent ...


Distance-Varying Assortativity And Clustering Of The International Trade Network, Angela Abbate, Luca De Benedictis, Giorgio Fagiolo, Lucia Tajoli 2016 Deutsche Bundesbank

Distance-Varying Assortativity And Clustering Of The International Trade Network, Angela Abbate, Luca De Benedictis, Giorgio Fagiolo, Lucia Tajoli

Luca De Benedictis

In this paper we study how the topology of the International Trade Network (ITN) changes in geographical space, and along time. We employ geographical distance between countries in the World to filter the links in the ITN, building a sequence of sub-networks, each one featuring trade links occurring at similar distance. We then test if the assortativity
and clustering of ITN subnetworks changes as distance increases, and we nd that this is indeed the case: distance strongly impacts, in a non-linear way, the topology of the ITN.We show that the ITN is disassortative at long distances while it is ...


Non-Defaultable Debt And Sovereign Risk, Juan Carlos Hatchondo, Leonardo Martinez, Yasin Kursat Onder 2016 Selected Works

Non-Defaultable Debt And Sovereign Risk, Juan Carlos Hatchondo, Leonardo Martinez, Yasin Kursat Onder

Leonardo Martinez

No abstract provided.


Contents, 2016 University of Georgia School of Law

Contents

Georgia Journal of International & Comparative Law

No abstract provided.


Emigration, Repatriation And The Reality Of Returned Youth In El Salvador, Isabel C. Duarte Vasquez 2016 The University of San Francisco

Emigration, Repatriation And The Reality Of Returned Youth In El Salvador, Isabel C. Duarte Vasquez

Master's Theses

According to US Customs and Border Protection, over 59 thousand unaccompanied minors from the Northern Triangle (Guatemala, Honduras and El Salvador) have been detained at the US border, of those 59 thousand, 17 thousand are from El Salvador. El Salvador is home to some of the most dangerous and ruthless gangs of the twenty-first century. Their ruthlessness comes from 1980s guerrilla warfare experience. In addition, El Salvador serves as a transshipment point for illicit substances from South America into Mexico. These dynamics fuel the homicide rate of the region as local gang members must protect their territory by any means ...


Delivering In Nairobi-And After, Andrea Spear, Mia Mikic 2016 United Nations ESCAP

Delivering In Nairobi-And After, Andrea Spear, Mia Mikic

Mia Mikic

Much hinges on the outcome of the World Trade Organization's Tenth Ministerial Conference in Nairobi in mid-December. The World Trade Organization (WTO) is marking the 20th anniversary of its establishment during the Uruguay Round, almost half a century after 23 countries set up its predecessor for trade in goods, the General Agreement on Tariffs and Trade (GATT). Yet the mood is far from celebratory. Admittedly, trade has not been helping the global economy much in recent times. The downbeat feeling, however, is more related to the question of the WTO's relevance, now and in future. The WTO was ...


Education And Economic Dominance, Daniil Kashkarov 2016 University of Economics, Prague

Education And Economic Dominance, Daniil Kashkarov

Undergraduate Economic Review

The paper examines the role of national education in achieving leading positions in global economic relations. Theoretical part uses stock of knowledge accumulated by scholars in the sphere related to human capital. Empirical part uses logistic regressions in order to test for relationship between global economic dominance and national education. Membership in the G20 is used in the models as a dependent categorical variable indicating the fact of the worldwide leadership. The models indicate that human capital and its educational part have statistically significant influence on the probability of becoming worldwide economic leader.


Examining International Stock Market Integration: Effects On Portfolio Statistical Moments, Changes To Systematic Risk Significance, And Investor Purchasing Of Foreign Equities, Justin Kingsley Hanig 2016 Western Michigan University

Examining International Stock Market Integration: Effects On Portfolio Statistical Moments, Changes To Systematic Risk Significance, And Investor Purchasing Of Foreign Equities, Justin Kingsley Hanig

Dissertations

The internet provides individuals with the ability to find instantaneous information on nearly every corner of the earth. Increasing correlations of international stock markets suggests investors may use information from different parts of the world to assess the value of the assets they hold in their portfolios. This dissertation examines changes in international stock market behavior to identify the effects of international market integration across a time. More specifically, this dissertation studies the effects of integration on the ability of diversification to reduce risk and skewness of portfolios, how global-wide risks significantly impact country-level index returns, and the equity purchasing ...


Three Essays Assessing Global Value Chain Fragmentation On International Trade Using The World Input-Output Database, Johanna Retana Attoh 2016 Western Michigan University

Three Essays Assessing Global Value Chain Fragmentation On International Trade Using The World Input-Output Database, Johanna Retana Attoh

Dissertations

The growing fragmentation of supply chains across countries have changed the way nations engage in international trade. Conventionally, studies have used data on exports to measure trade flows; however, the use of this type of data imposes many assumptions that might misrepresent the real world. For instance, the assumption that the supply chain of a product is confined in only the domestic country does not take into consideration the increasing number of foreign inputs needed to produce a final good. In this dissertation, I use the World Input-Output Database (WIOD), since this dataset allows one to track and decompose the ...


Property Rights And International Trade: An Institutional Determinant Of Export Structure, Gregory Alan Bonadies 2016 The University of Southern Mississippi

Property Rights And International Trade: An Institutional Determinant Of Export Structure, Gregory Alan Bonadies

Dissertations

This work investigates the connection, independent of other factors, between a country’s system of law and property rights and patterns of trade. Stronger property rights institutions are hypothesized to lead to greater diversity in exports and a greater proportion of higher value-added exports. Production and export possibilities depend on capital, labor, and technology. Technology is the way in which capital and labor resources can be organized for productive purposes. Property rights condition expressions of technology and thus production possibilities and export potential. Consequently, if property rights vary between countries, then technological expression, production possibilities, and export potential vary as ...


Unequal Exchange In International Trade: A General Model, Andrea Ricci 2016 Università degli Studi di Urbino

Unequal Exchange In International Trade: A General Model, Andrea Ricci

Andrea Ricci

Increasing world inequality and mass migration make the topic of unequal exchange ever more important. Unequal exchange arises when spatial production of value is disjointed from its geographical distribution. The lack of a coherent theoretical framework has limited empirical research on value transfers in trade. This paper aims to overcome this gap. A disaggregated monetary model of world economy with heterogeneous labour, non-specific commodities, and different national production techniques is presented on the grounds of Marx’s labour theory of value. All the different forms of unequal exchange in international trade are explained without incurring the traditional impasses. Estimates of ...


Policy Measurement And Multilateral Resistance In Gravity Models, Luca De Benedictis, Claudio Vicarelli, Maria Pina Cipollina, Luca Salvatici 2016 University of Molise

Policy Measurement And Multilateral Resistance In Gravity Models, Luca De Benedictis, Claudio Vicarelli, Maria Pina Cipollina, Luca Salvatici

Luca De Benedictis

Over the past decade, the gravity equation has emerged as the empirical workhorse in international trade to study the ex-post effects of trade policies on bilateral trade. In this paper we are concerned with the issue of how the econometric specification and the policy measurement choices can affect the goal to obtain accurate estimates of the coefficient associated with bilateral trade policies within a theoretically-consistent model. The problem is even more serious when the policy treatment is approximated through dummies as it is still often the case in the literature. Using a Monte Carlo simulation analysis, this paper shows that ...


Income-Generating Functions In A Low Income Country: Colombia, Gary S. Fields, T. Paul Schultz 2016 Cornell University

Income-Generating Functions In A Low Income Country: Colombia, Gary S. Fields, T. Paul Schultz

Gary S Fields

Income generating functions are statistical tools used to explain income inequality and other economic outcomes and behavior. These functions are often associated with a strict human capital framework, but they need not be. Instead, they may be viewed as a reduced form equation summarizing the relationship between income and various personal and locational characteristics. Following this latter interpretation, we develop the regression and analysis of variance approaches to income generating functions and estimate them empirically using micro-economic data from one low income country, Colombia. Proceeding to increasingly parsimonious specifications of income generating functions, insights are gained into the structure of ...


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