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Maritime Trade And The World Picture: Exploring Shiga Shigetaka's Map Of Global Trade, Chinying Lee Mar 2023

Maritime Trade And The World Picture: Exploring Shiga Shigetaka's Map Of Global Trade, Chinying Lee

Japanese Society and Culture

Shiga Shigetaka (志賀重昂, 1863-1927) was a Japanese geographer of the mid-Meiji period, one of the Southern Expedition theorists, a conservative, and a Classical Chinese poet. At that time, he was one of the very few scholars who had knowledge of geography and Classical Chinese poetry and cultural arts, as well as had many experiences in Europe, Asia, the United States and Oceania.

Through his own geographical knowledge and foreign experience, Shiga constructed a world map with global trade as the main constituent. Here are some examples: Japanese-made round paper fans (uchiwa, 団扇) and parasols can be sold to Australia; New …


Essay On The Revitalization Of Local Communities, Hiroshi Saito Mar 2023

Essay On The Revitalization Of Local Communities, Hiroshi Saito

Japanese Society and Culture

It is difficult to theorize regional revitalization due to the differences in the characteristics of each local government. However, it may be possible to generalize its basic features: “regional management” and “financial surplus.” The problem of regional revitalization is conventionally discussed from a perspective of public administration. However, this paper reexamines the problem from a management theory perspective. Considering the starting point of regional revitalization is the surplus of public finances, attention is focused on the local tax law, especially on the importance of inhabitant tax, fixed property tax, and resident population policy. The paper also shows that the attraction …


Reviving Agricultural Growth : Part – I, Ishrat Husain Dr. Mar 2023

Reviving Agricultural Growth : Part – I, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Agriculture forms the backbone of Pakistan’s economy as it provides livelihoods to almost two-thirds of the population, food, water, energy security to the country, and three-fourth of export earnings. The industrial and services sectors are dependent upon it for their sustenance. However, a country endowed with one of the largest contiguous irrigated areas (43 m acres) and vast reservoir of underground water in the world cultivating about 21 million hectares of land has not only been able to fully exploit this rich potential but in fact is facing stagnation over the last two decades. Estimates show that the value of …


دور السياسة المالية في تحقيق التوازن الداخلي في العراق بعد 2003, علي جابر عبد الحسين, حوراء حاكم حسن Mar 2023

دور السياسة المالية في تحقيق التوازن الداخلي في العراق بعد 2003, علي جابر عبد الحسين, حوراء حاكم حسن

Muthanna Journal of Administrative and Economics Sciences

واجه الاقتصاد العراقي العديد من المشاكل والاختلالات الاقتصادية على المستوى الداخلي ، الأمر الذي أدى إلى تعثر جهود التنمية وتراجع مؤشرات الأداء الاقتصادي,ولذلك سعت الدولة بعد2003 الى تحقيق مستوى من التوازن الاقتصادي وذلك بفضل الصدمات التي تحصل في اسعار النفط الخام. باستعمال آلية محددة وان عدم التوازن داخليا نتيجة تزايد الإنفاق العام غير المبرر اقتصاديا من حيث طبيعة القنوات التي يتوزع فيها الإنفاق العام ونتيجة نهج الذي يعتمد الية السوق بما ينطوي عمى تغيير دور الدولة الاقتصادي من دور انمائي الى دور تصحيحي تكون السياسة المالية والسياسة النقدية جزأ مهما في هذا الدور عبر إلغاء الدعم الحكومي أزله والقيود عن …


اختبار العلاقة السببية بين الانفاق العام والايرادات العامة لبلدان مختارة للمدة 1990-2021, مصطفى فاضل حمادي Mar 2023

اختبار العلاقة السببية بين الانفاق العام والايرادات العامة لبلدان مختارة للمدة 1990-2021, مصطفى فاضل حمادي

Muthanna Journal of Administrative and Economics Sciences

تهدف الدراسة الى اختبار العلاقة السببية بين الانفاق العام والايرادات العامة في مجموعتين من البلدان المتقدمة (اسبانيا ، الدنمارك، المملكة المتحدة واليابان) والنامية (الامارات العربية المتحدة، الكويت، بارغواي والهند) للمدة (1990-2021)، باستخدام اختبار (Granger) ونماذج متجه تصحيح الخطأ (VECM) لبيانات السلاسل الزمنية. تم الحصول على البيانات من النشرات الرسمية لصندوق النقد الدولي والبنك الدولي للإنشاء والتعمير. توصلت الدراسة ان هنالك اختلاف في اتجاه العلاقة السببية بين البلدان المتقدمة والنامية سواء مجموعة مع أخرى او بلد مع اخر في نفس المجموعة، وهذا ناتج من اختلاف طبيعة البلدان فيما بينها واوضاعها الاقتصادية، كما ان هنالك اختلاف في اتجاه هذه العلاقات السببية بين …


تقييم كفاءة الأداء الاقتصادي لشركة هيمن لصناعة الاسفنج في دهوك للمدة 2018-2020, تارا هادي حسن مصطفى, علاء وجيه مهدي النعمة Mar 2023

تقييم كفاءة الأداء الاقتصادي لشركة هيمن لصناعة الاسفنج في دهوك للمدة 2018-2020, تارا هادي حسن مصطفى, علاء وجيه مهدي النعمة

Muthanna Journal of Administrative and Economics Sciences

تعد عملية تقييم كفاءة الأداء الاقتصادي من الأولويات المهمة التي تجب متابعتها في مدد زمنية متفاوتة من أجل كشف المعوقات التي تواجه المؤسسات الاقتصادية ومحاولة وضع الحلول لها بالوقت المناسب، لغرض تحقيق الأهداف المرسومة بصورة صحيحة. يهدف البحث الى تقييم كفاءة الأداء الاقتصادي لشركة هيمن لصناعة الاسفنج باستخدام عدد من المعايير للوقوف على واقع الإنتاج والإنتاجية والتعرف على الطاقات الإنتاجية ونسبة الانتفاع منها، فضلاً عن التعرف على القيمة المضافة الاجمالية والصافية المتحققة خلال المدة (2018-2020) قيد الدراسة. ومن خلال تطبيق معايير(الطاقة الانتاجية، الانتاجية، القيمة المضافة) توصل البحث الى مجموعة من النتائج أهمها: وجود طاقات معطلة وغير مستغلة بشكل أمثل، وبالنسبة …


Natural Disasters And Human Capital: Empirical Evidence From Indonesia, Lei Lv Mar 2023

Natural Disasters And Human Capital: Empirical Evidence From Indonesia, Lei Lv

USF Tampa Graduate Theses and Dissertations

In developing countries, natural disasters could destroy physical capital and adversely affect human capital accumulation by disrupting individual decisions. Such decisions play a critical role in determining individuals' human capital accumulation process and have a lifelong effect on their happiness and economic prosperity. To better understand how natural disasters affect human capital in developing countries, this dissertation uses the earthquakes in Indonesia as a natural experiment to study how this earthquake affects health, child marriage, and education. For the first chapter, I study how the 2006 Yogyakarta Earthquake a affects water-related acute disease symptomsin the short and long run. By …


The Effect Of Corruption Control On Efficiency Spillovers, Levent Kutlu, Xi Mao Mar 2023

The Effect Of Corruption Control On Efficiency Spillovers, Levent Kutlu, Xi Mao

School of Economics and Finance Faculty Publications

We examine the effect of corruption control on efficiency and its implications for efficiency spillovers by a stochastic frontier model. Our dataset covers 102 countries from 1996 to 2014. We find a positive relationship between corruption control and efficiency. If neighboring countries have difficulty in handling corruption, the country would be negatively affected by its neighbors' corruption through efficiency spillovers. We then compare the efficiency differences across countries for three time periods: 1996–2002, 2002–2008, and 2008–2014. On average, technical efficiencies slightly increased in the second period compared to the first period. In the third period, the efficiencies declined, particularly in …


Peace Studies And The Limits To Growth, Selina Gallo-Cruz Mar 2023

Peace Studies And The Limits To Growth, Selina Gallo-Cruz

The Journal of Social Encounters

150 Peace Studies and the Limits to Growth Selina Gallo-Cruz Scientists have issued increasingly dire warnings about the present and future danger posed by ecological overshoot. Peace scholars’ entrée into this discourse is often through a concern over extractive politics, a central locus for how conflicts are bound up in environmental destruction at the hands of the same industries responsible for ecological decline. Policy and practical responses to the urgent need to scale down production lag behind reality, however, and a global growth-based economy continues to prevail. Here, I explore the dilemmas faced by peace studies scholars who may want …


“Born For A Storm”: Hard-Right Social Media And Civil Unrest, Daniel Karell, Andrew Linke, Edward Holland, Edward Hendrickson Mar 2023

“Born For A Storm”: Hard-Right Social Media And Civil Unrest, Daniel Karell, Andrew Linke, Edward Holland, Edward Hendrickson

Geosciences Faculty Publications and Presentations

Does activity on hard-right social media lead to hard-right civil unrest? If so, why? We created a spatial panel dataset comprising hard-right social media use and incidents of unrest across the United States from January 2020 through January 2021. Using spatial regression analyses with core-based statistical area (CBSA) and month fixed effects, we find that greater CBSA-level hard-right social media activity in a given month is associated with an increase in subsequent unrest. The results of robustness checks, placebo tests, alternative analytical approaches, and sensitivity analyses support this finding. To examine why hard-right social media activity predicts unrest, we draw …


Connecting Higher Education To Workplace Activities And Earnings, Hung Chau, Sarah H. Bana, Baptiste Bouvier, Morgan R. Frank Mar 2023

Connecting Higher Education To Workplace Activities And Earnings, Hung Chau, Sarah H. Bana, Baptiste Bouvier, Morgan R. Frank

Economics Faculty Articles and Research

Higher education is a source of skill acquisition for many middle- and high-skilled jobs. But what specific skills do universities impart on students to prepare them for desirable careers? In this study, we analyze a large novel corpora of over one million syllabi from over eight hundred bachelors’ granting US educational institutions to connect material taught in higher education to the detailed work activities in the US economy as reported by the US Department of Labor. First, we show how differences in taught skills both within and between college majors correspond to earnings differences of recent graduates. Further, we use …


Hedging Cryptos With Bitcoin Futures, Francis Liu, Natalie Packham, Meng-Jou Lu, Wolfgang Karl Haerdle Mar 2023

Hedging Cryptos With Bitcoin Futures, Francis Liu, Natalie Packham, Meng-Jou Lu, Wolfgang Karl Haerdle

Sim Kee Boon Institute for Financial Economics

The introduction of derivatives on Bitcoin enables investors to hedge risk exposures in cryptocurrencies. Because of volatility swings and jumps in cryptocurrency prices, the traditional variance-based approach to obtain hedge ratios may not be suitable for hedgers. In this work, we consider two extensions of the traditional approach: first, different dependence structures are modelled by different copulae, such as the Gaussian, Student-t, Normal Inverse Gaussian and Archimedean copulae; second, different risk measures, such as value-at-risk, expected shortfall and spectral risk measures are employed to find the optimal hedge ratio. Extensive out-of-sample tests using the data from the time …


Modeling And Forecasting Inflation Rate In Nigeria: A Comparison Of Regression With Arima Errors And Arima Method, Barthelomew I. Ugwuanyi Mar 2023

Modeling And Forecasting Inflation Rate In Nigeria: A Comparison Of Regression With Arima Errors And Arima Method, Barthelomew I. Ugwuanyi

Bullion

The paper aimed to determine the most appropriate method for forecasting inflation rate in Nigeria between Regression with Autoregressive Integrated Moving Average (ARIMA) errors and Autoregressive Integrated Moving Average (ARIMA) method. This study uses annual data for the period 1990-2021 from World Bank. One response variable and three predictor variables are adopted. The best ARIMA method was selected from the competing ARIMA methods using Akaike Information Criterion Corrected (AICC), while the root mean squared error (RMSE) and mean absolute percentage error (MAPE) are used to select the best forecast method between the two methods of interest. The result of this …


Conflict Of Laws? Tensions Between Antitrust And Labor Law, Matthew Dimick Mar 2023

Conflict Of Laws? Tensions Between Antitrust And Labor Law, Matthew Dimick

Journal Articles

Not long ago, economists denied the existence of monopsony in labor markets. Today, scholars are talking about using antitrust law to counter employer wage-setting power. While concerns about inequality, stagnant wages, and excessive firm power are certainly to be welcomed, this sudden about-face in theory, evidence, and policy runs the risk of overlooking some important concerns. The purpose of this Essay is to address these concerns and, more critically, to discuss some tensions between antitrust and labor law, a more traditional method for regulating labor markets. Part I addresses a question raised in the very recent literature, about why antitrust …


Assessment Of Fuel Prices As Determinants Of Inflation In Nigeria: A Vecm Approach, Adekunle B. Alexander Dr., Pelumi A. Abdulmalik Mar 2023

Assessment Of Fuel Prices As Determinants Of Inflation In Nigeria: A Vecm Approach, Adekunle B. Alexander Dr., Pelumi A. Abdulmalik

Bullion

This study examines the effect of petroleum price on the direction of inflation in Nigeria - whether or not movement in prices of other goods and services responds to increase in pump price of premium motor spirit (PMS) otherwise known as petrol in Nigeria. The study employs the Vector Error Correction Model (VECM) and Granger causality tests to estimate the long-run relationship between petro! price and inflation as well as direction of causality for the 1991- 2021 period. Data for the study were sourced from the National Bureau of Statistics (NBS) and World Bank data indicators covering inflation, pump-price of …


Poverty And Poverty Alleviation Policies In The North Central Zone Of Nigeria, Gloria Ese Olotu Dr Mar 2023

Poverty And Poverty Alleviation Policies In The North Central Zone Of Nigeria, Gloria Ese Olotu Dr

Bullion

The paper examined poverty situation in the north central and the poverty alleviation policies of government as they affect the people of the north central zone in particular and Nigeria generally. This study was carried out in the face of the fact that poverty has characterized the Nigerian society such that over 70% of her citizens live below poverty line predicated by hunger, unemployment, poor housing, poor health care and other deprivations in spite of numerous government policies and programs aimed at alleviating or eradicating poverty in Nigeria since independence. Data for the study were generated through both the primary …


How Gender And Primary Language Influence The Acquisition Of Economic Knowledge Of Secondary School Students In The United States And Germany, Roland Happ, Susanne Schmidt, Olga Zlatkin-Troitschanskaia, William Walstad Mar 2023

How Gender And Primary Language Influence The Acquisition Of Economic Knowledge Of Secondary School Students In The United States And Germany, Roland Happ, Susanne Schmidt, Olga Zlatkin-Troitschanskaia, William Walstad

Department of Economics: Faculty Publications

Economics has become an essential component of secondary school curricula in many countries as a result of the growing awareness that young adults need fundamental economic knowledge to manage their personal finances. Accordingly, an increasing number of comparative studies are being conducted of commonalities and differences in students’ economic knowledge and its most decisive influencing factors within and across countries. In this study, we compare the performance of secondary school students in the United States (N = 3517) and Germany (N = 983) on the fourth version of the Test of Economic Literacy. We investigate two personal characteristics that have …


Hypothesis Testing Via Posterior-Test-Based Bayes Factors, Yong Li, Nianling Wang, Jun Yu, Yonghui Zhang Mar 2023

Hypothesis Testing Via Posterior-Test-Based Bayes Factors, Yong Li, Nianling Wang, Jun Yu, Yonghui Zhang

Research Collection School Of Economics

Hypothesis testing via p-value has been criticized in recent years. Bayes factors (BFs) have been tipped as a possible replacement of p-value for hypothesis testing. However, the standard BFs suffer from some theoretical and practical difficulties. For example, they are not well defined under improper priors and are subject to Jeffreys-Lindley-Bartlett’s paradox under vague priors. Moreover, they are difficult to compute for many models. In this paper, we propose to compare sampling distributions of the posterior-test-based statistics for hypothesis testing. Two posterior-test-based BFs are constructed from the posterior version of the likelihood ratio test and the Wald test, respectively. Under …


High-Dimensional Vars With Common Factors, Ke Miao, Peter C. B. Phillips, Liangjun Su Mar 2023

High-Dimensional Vars With Common Factors, Ke Miao, Peter C. B. Phillips, Liangjun Su

Research Collection School Of Economics

This paper studies high-dimensional vector autoregressions (VARs) augmented with common factors that allow for strong cross-sectional dependence. Models of this type provide a convenient mechanism for accommodating the interconnectedness and temporal co-variability that are often present in large dimensional systems. We propose an ℓ1-nuclear-norm regularized estimator and derive the non-asymptotic upper bounds for the estimation errors as well as large sample asymptotics for the estimates. A singular value thresholding procedure is used to determine the correct number of factors with probability approaching one. Both the LASSO estimator and the conservative LASSO estimator are employed to improve estimation precision. The conservative …


On The Welfare Role Of Redundant Assets With Heterogenous Forecasts, Shurojit Chatterji, Atsushi Kajii Mar 2023

On The Welfare Role Of Redundant Assets With Heterogenous Forecasts, Shurojit Chatterji, Atsushi Kajii

Research Collection School Of Economics

We study a multiperiod model with a nominal bond that matures in one period and identify the set of e¢ cient allocations that can be sustained as Walrasian equilibria with heterogeneous forecasts. We next add a long maturity bond, which under perfect foresight would be a redundant asset, and show that it fundamentally expands the set of e¢ cient allocations that can be sustained as Walrasian equilibria. Indeed all wealth transfers compatible with e¢ ciency can arise endogenously. The key feature driving this conclusion are forecasting errors, which lead to ex post arbitrage opportunities that induce these income transfers.


Policies, Projections, And The Social Cost Of Carbon: Results From The Dice-2023 Model, Lint Barrage, William D. Nordhaus Feb 2023

Policies, Projections, And The Social Cost Of Carbon: Results From The Dice-2023 Model, Lint Barrage, William D. Nordhaus

Cowles Foundation Discussion Papers

The present study examines the assumptions, modeling structure, and preliminary results of DICE-2023, the revised Dynamic Integrated Model of Climate and the Economy (DICE), updated to 2023. The revision contains major changes in the carbon and climate modules, the treatment of non-industrial greenhouse gases, discount rates, as well as updates on all the major components. The major changes are a significant reduction in the target for the optimal (cost-beneficial) temperature path, a lower cost of reaching the 2 °C target, an analysis of the impact of the Paris Accord, and a major increase in the estimated social cost of carbon.


Local, Regional, And Global Adaptations To A Compound Pandemic-Weather Stress Event, Iman Haqiqi, Danielle S. Grogan, Marziyeh Bahalou Horeh, Jing Liu, Uris Baldos, Richard Lammers, Thomas W. Hertel Feb 2023

Local, Regional, And Global Adaptations To A Compound Pandemic-Weather Stress Event, Iman Haqiqi, Danielle S. Grogan, Marziyeh Bahalou Horeh, Jing Liu, Uris Baldos, Richard Lammers, Thomas W. Hertel

Department of Agricultural Economics Faculty Publications

Global food security can be threatened by short-term extreme events that negatively impact food production, food purchasing power, and agricultural economic activity. At the same time, environmental pollutants like greenhouse gases (GHGs) can be reduced due to the same short-term extreme stressors. Stress events include pandemics like COVID-19 and widespread droughts like those experienced in 2015. Here we consider the question: what if COVID-19 had co-occurred with a 2015-like drought year? Using a coupled biophysical-economic modeling framework, we evaluate how this compound stress would alter both agricultural sector GHG emissions and change the number of undernourished people worldwide. We further …


Financial Reporting Quality And Control System: A Mixed Approach Assessment, Mansur Lubabah Kwanbo, Esther Ali Baba, Solomon Akanet, Muhammad Tanko Feb 2023

Financial Reporting Quality And Control System: A Mixed Approach Assessment, Mansur Lubabah Kwanbo, Esther Ali Baba, Solomon Akanet, Muhammad Tanko

International Journal of Management, Finance and Accounting

Listed firms have been reported by regulators to be tangled in financial scandals that have made the quality of their financial reports doubtful due to inadequate control systems of risk assessment, monitoring, information and communication, control environment and control activity. This study examines the relationship between financial reporting quality and the internal control system of listed firms in Nigeria. The research relieda hybridixed approach that sourced primary and secondary data using a bilateral convergent paralleled mixed design. The research method adopted is the interpretive post-action multiple case study that employs reduction and multiple regression as its data analysis techniques. Comparatively, …


Moderator Effect Of Audit Committee On Earnings Management And Board Diversity, Mohammed Ibrahim, Nasir Mohammed, Mohammed Abubakar Hamza Feb 2023

Moderator Effect Of Audit Committee On Earnings Management And Board Diversity, Mohammed Ibrahim, Nasir Mohammed, Mohammed Abubakar Hamza

International Journal of Management, Finance and Accounting

This study examined the effect of board diversity, audit committee and earnings management of oil and gas (o&g) companies listed in Nigeria stock exchange. Female directors and foreign directors served as proxies for board diversity, audit committee independence and meeting frequency were moderating variables to study possible discretionary accruals in earnings. Eleven o&g companies in Nigeria that were listed that had consistently produced audited yearly financial reports from 2009 to 2019 were employed to accomplish the study's goals. Regression models with fixed and random effects were utilised in the investigation. The outcome showed that earnings management and the board diversity …


An Analysis Of Factors Affecting Malaysia’S Youth Unemployment Rate, Neha Bhubhindar Singh, Yvonne Lee Feb 2023

An Analysis Of Factors Affecting Malaysia’S Youth Unemployment Rate, Neha Bhubhindar Singh, Yvonne Lee

International Journal of Management, Finance and Accounting

This study aims to identify if macroeconomics-related indicators consisting of gross domestic product (GDP), inflation, population and economic shocks are related in the Malaysia’s youth unemployment. The youth unemployment rate and its determinants’ data from an extended period of 1982 to 2020 were obtained from the Department of Statistics Malaysia (DOSM). By employing the autoregressive distributed lag (ARDL) analysis, findings show that Gross Domestic Product and Population significantly affect Youth Unemployment in the long-run.  These findings indicate that the Malaysian government should develop youth-specific strategies to combat youth unemployment, with Technical and Vocational Education Training (TVET) quality and availability being …


Public Support For Community Microgrid Services, Janie M. Chermak, Jesse Ian Kaczmarski Feb 2023

Public Support For Community Microgrid Services, Janie M. Chermak, Jesse Ian Kaczmarski

SMART Grid Center (NM EPSCoR RII V)

Survey instrument, codebook, summary statistics, and simulation code in STATA v16.1 format for the analysis reported in:

Kaczmarski, Jesse I. "Public support for community microgrid services." Energy Economics 115 (2022): 106344. https://doi.org/10.1016/j.eneco.2022.106344

Accompanying files include a STATA log file and a README. Information from the README file is also included below.

Per the consent language in the included survey instrument, raw data from the reported study are not publicly available.

This readme file was generated on 2023-02-20 by Jesse Kaczmarski

GENERAL INFORMATION

Title of Dataset: Public Support for Community Microgrid Services

Principal Investigator Information Name: Janie Chermak ORCID: N/A Institution: …


The Effect Of Education Policy On Crime: An Intergenerational Perspective, Costas Meghir, Marten Palme, Marieke Schnabel Feb 2023

The Effect Of Education Policy On Crime: An Intergenerational Perspective, Costas Meghir, Marten Palme, Marieke Schnabel

Cowles Foundation Discussion Papers

We study the intergenerational effect of education policy on crime. We use Swedish administrative data that links outcomes across generations with crime records and we show that the comprehensive school reform, gradually implemented between 1949 and 1962, reduced conviction rates both for the generation directly affected by the reform and for their sons. The reduction in conviction rates occurred across many types of crime. Key mediators for this reduction in the child generation are an increase in education and a decline in crime amongst their fathers.


Certifiably Employable?: The Effects Of Occupational Regulation On Unemployment Duration, Ilya Kukaev, Edward Timmons Feb 2023

Certifiably Employable?: The Effects Of Occupational Regulation On Unemployment Duration, Ilya Kukaev, Edward Timmons

Economics Faculty Working Papers Series

Occupational regulation is a labor market institution that has received a growing amount of attention by researchers. Existing research has explored the effects of occupational regulation on wages and employment. To the best of our knowledge, no existing study has estimated the effect of occupational credentials on unemployment duration in the US. We derive a random search model to explain differences in individual unemployment duration resulting from heterogeneous effects from licenses and certificates. Our model predicts that an occupational credential with a stronger signaling or human capital effect results in a shorter individual unemployment duration. To estimate the effect of …


Good Governance: The Path To Development, Eduardo Landaeta Feb 2023

Good Governance: The Path To Development, Eduardo Landaeta

Graduate Research Conference (GSIS)

This paper aims to understand to what extent good governance and effective public policies are aligned in the economic growth of a country. International assistance relies on political-economic analysis to evaluate the donations they can provide to a country. In this regard, good governance of domestic institutions is essential for the efficiency of a country, especially in affiliation with foreign aid. Therefore, a relationship avoiding dependency should be the focus in the short or medium-term.


Complex Global Value Chains And Economic Interdependence: A New Look At The Opportunity Costs Argument, Melle Scholten Feb 2023

Complex Global Value Chains And Economic Interdependence: A New Look At The Opportunity Costs Argument, Melle Scholten

Graduate Research Conference (GSIS)

The classical economic interdependence argument states that trade and investment between countries make conflict less likely, because they increase the opportunity costs of war. War means that trade and investment will dry up, to the detriment of society as a whole. The increased opportunity costs of war (vis-`a-vis peace) means war will be less likely to occur between interdependent states. Certain strands of realism have challenged this assertion. They argue that expectations that trade will decline in future can be a strong incentive for initiating conflict. Giving increasing political and economic tensions between the world’s superpowers – the USA and …