Social and Behavioral Sciences Commons^™

Essays On Trade Policy, Ward Reesman

All Dissertations

This dissertation consists of two essays on international trade and trade policy, focusing on a quantitative evaluation of the causes and consequences of trade barriers and economic integration. In the first essay, I examine the role of a widely-used discriminatory trade barrier in shaping dynamic trade patterns of exporters across a range of affected and unaffected export markets. In the next chapter, I explore the heterogeneous economic determinants impacting the formation of economic integration agreements among countries, paying specific attention to the role of bilateral migration flows.

The first chapter estimates the dynamic trade effects of temporary trade barriers (TTBs), …

Regulation Of Standards In Technology Markets Between Competition Policy And International Trade - The Chinese And European Experience (Foreword), Paolo Davide Farah

Book Chapters

The regulation of standard setting varies significantly across regions and covering and comparing in detail the EU and Chinese regimes is an interesting decision and illustrates how two highly bureaucratic systems address the regulation of technological advancements.

The analysis demonstrates how not only legal and economic considerations play a role in the regulation of standards, but also and most importantly political ones. The “openness” of China’s standardization is a telling example in this regard. China created a specific system for standard setting and invested heavily in high-tech industries. Initially, the State backed the industry to support the creation of a …

Cuban Embargo: An Insufficient Measure To Encourage Us Foreign Policy Interests, Esme Jm Prowse

Major Papers

This major paper examines the Cuban embargo as an ineffective hard power policy and explores the potential of soft, hard, and smart power as alternative approaches to resolve the failures of the 60-year-old blockade. The paper analyzes the historical context and rationale behind the embargo and assesses its impact on Cuban-American relations, regional stability, and U.S. national interests. The study argues that the embargo has failed to achieve its intended goals and has instead perpetuated a cycle of hostility, isolation, and human rights abuses. By drawing on the theoretical frameworks of soft, hard, and smart power, the paper presents policy …

Topics In International Finance, Jonathan Lennon Hsu

Olin Business School Electronic Theses and Dissertations

This dissertation focuses on two main unanswered questions that lie at the intersection between international financing, international trade, and supply chains. Firstly, to what extent can international trade networks offer borrowing opportunities for firms that face significant barriers in traditional financing markets? Second, what are the potential impacts of financial globalization on firms’ borrowing and extension of trade credit?

The first chapter seeks to answer the first research question listed above: to what extentcan international trade networks offer borrowing opportunities for firms that face significant barriers in traditional financing markets? I show that firms use their trade flows to borrow …

An Economic Analysis Of The United Kingdom Given The Possible Effects Of Overthrowing The Northern Ireland Protocol, Joshua P. Brink

Honors Thesis

This research paper examines the current conflict between the United Kingdom (UK) and the European Union (EU) regarding the Northern Ireland Protocol negotiation. This negotiation was created following the UK’s decision to leave the EU in an event known as Brexit. The conflict has occurred because many Brexiteers in the UK want to override parts of the Protocol since it is a burden for the UK’s economy. The EU, however, has threatened to retaliate since this would be breaking the agreement between these two parties. Furthermore, this paper attempts to evaluate the conflict as a whole, examining all perspectives of …

The Effect Of The China Shock On The 2016 And 2020 Us Presidential Elections, Yike Zhou

Economics Honors Projects

Trade liberalization in 2000 opened up the door for increased trade between China and the US, favoring Chinese manufacturers. This period is often referred to as the "China shock" (Autor, 2013). This paper utilizes data collected from the MIT election lab, FRED, and David Dorn's published data to investigate the effect of the China import shock in the early 2000s on the most recent two US presidential elections. Our analysis, which employs commuting zone-level data, reveals that regions more adversely affected by the China shock were more likely to vote for the Republican Party, while regions that suffered less harm …

Topics In International Finance, Jonathan Lennon Hsu

Olin Business School Electronic Theses and Dissertations

This dissertation focuses on two main unanswered questions that lie at the intersection between international financing, international trade, and supply chains. Firstly, to what extent can international trade networks offer borrowing opportunities for firms that face significant barriers in traditional financing markets? Second, what are the potential impacts of financial globalization on firms’ borrowing and extension of trade credit?

The first chapter seeks to answer the first research question listed above: to what extentcan international trade networks offer borrowing opportunities for firms that face significant barriers in traditional financing markets? I show that firms use their trade flows to borrow …

The Effect Of The 2018 Tariffs On European Wine, Henry Johnson

Boise State University Theses and Dissertations

This paper estimates a vector autoregression model for average wine prices across U.S. cities to assess the impact of tariff changes on the U.K., France, Germany, and Spain after they were enacted in October 2019. It uses impulse response functions to gauge how a one-unit impulse in the per-liter duty rate may effect the average wine price in the U.S. and the quantity of wine from various exporters to the U.S. It finds that a one-unit impulse in the duty rate levied against the bloc of countries impacted by the tariff results in a fall in the quantity of wine …

Applications Of Search And Matching To International Trade And Unemployment Insurance, Kai You

Legacy Theses & Dissertations (2009 - 2024)

This dissertation consists of three chapters.

Analysis Of The Relationship Between International Trade And Economic Growth Of Jordan, Mohammed Ali Salem Shubeilat

World Maritime University Dissertations

No abstract provided.

Tapping On Growth Opportunities Through Trade And Investment, Andy Feng, Gerald Foong, Geraldine Lim

Research Collection School Of Economics

As a small and open economy, external developments play a crucial role in shaping Singapore’s growth prospects. In particular, external demand is pivotal in supporting the growth of Singapore’s gross domestic product (GDP) beyond the limits afforded by a small domestic market. Furthermore, due to the resource constraints faced by Singapore, its production of goods and services to meet both external and domestic demand requires a substantial use of imported inputs. Apart from trade, Singapore’s openness and outward-orientation also extend to its embrace of inward and outward investments to grow its economy and create jobs for Singaporeans. In view of …

Endogenous Spatial Production Networks: Quantitative Implications For Trade & Productivity, Piyush Panigrahi

Cowles Foundation Discussion Papers

Larger Indian firms selling inputs to other firms tend to have more customers, tend to be used more intensively by their customers, and tend to have larger customers. Motivated by these regularities, I propose a novel empirical model of trade featuring endogenous formation of input-output linkages between spatially distant firms. The empirical model consists of (a) a theoretical framework that accommodates first order features of firm-to-firm network data, (b) a maximum likelihood framework for structural estimation that is uninhibited by the scale of data, and (c) a procedure for counterfactual analysis that speaks to the effects of micro- and macro- …

The Nature Of Money And The Theory Of International Trade: Thornton And Ricardo, Isabella Weber

PERI Working Papers

A rich recent literature reinvestigates the nature of money, but little attention has been paid to the ramifications of the ways in which we theorize money for the theory of international trade.This paper examines the logical relationship between the neutrality of money and selfbalancing trade based on Henry Thornton and David Ricardo as two foundational contributions to credit and commodity money theories respectively. I show that both authors theorize trade as self-balancing whenever money is conceptualized as neutral. I distinguish two notions of the neutrality of money: ex ante and ex post neutrality. In Thornton’s Paper Credit money is not …

The Nature Of Money And The Theory Of International Trade: Thornton And Ricardo, Isabella Weber

PERI Working Papers

A rich recent literature reinvestigates the nature of money, but little attention has been paid to the ramifications of the ways in which we theorize money for the theory of international trade. This paper examines the logical relationship between the neutrality of money and self- balancing trade based on Henry Thornton and David Ricardo as two foundational contributions to credit and commodity money theories respectively. I show that both authors theorize trade as self-balancing whenever money is conceptualized as neutral. I distinguish two notions of the neutrality of money: ex ante and ex post neutrality. In Thornton’s Paper Credit money …

Essays On Firms In International Trade, Aldo Sandoval Hernandez

Electronic Thesis and Dissertation Repository

My thesis is composed by three chapters that study the important role that firms play in mediating imports and exports between countries, and how their decisions and heterogeneity can influence the behavior of macroeconomic outcomes. The first chapter, explores the role of demand uncertainty and learning in explaining the low survival rates and sales of new exporters using a manufacturing survey for Colombian firms. In the second chapter, using a transaction-level dataset for Colombian exporters, I document novel facts about the post-entry dynamics of firm performance and prices in international markets, and study their connection with the transmission of exchange …

Economic Cooperation Between Central Caucasus, China, And Eu, Under Covid-19 Challenges, Vakhtang Charaia, Mariam Lashkhi

University of South Florida (USF) M3 Publishing

Study analyses the China’s Belt and Road Initiative perspectives for EU and Central Caucasus countries of Georgia, Armenia and Azerbaijan, with the special focus on covid-19 global pandemic reality. Trade, investments and transit is considered as main factors of the given paper. At the same time, global competition for leadership, open and hidden trade and investment wars are taken into account. Study also suggest different alternative ways of including Central Caucasian states into the project as a corridor for China – EU connection. Coronomic challenges are considered as a new wave of challenge and at the same time as a …

Trade Policy As An Exogenous Shock: Focusing On The Specifics, Andrew Greenland, John W. Lopresti

Upjohn Institute Working Papers

This paper proposes a novel strategy for identifying the effects of import competition on economic outcomes that avoids standard concerns related to the endogeneity of trade policy and provides a consistent measure of exposure to trade over time. Conditioning on the level of import tariffs, our approach exploits cross-industry differences in the relative importance of specific rather than ad valorem tariffs. As they are expressed in per unit terms rather than as a share of value, the effective protection provided by a given specific tariff varies with price levels. Using digitized tariff line data between 1900 and 1940, we relate …

Improving Existing Methods For Calculating Embodied Carbon Emissions In Trade Through Feature Discovery: An Information Theoretic Approach, Sam Morton

Dartmouth College Undergraduate Theses

The continued societal and ecological risks posed by climate change have spurred renewed interest in quantitative tools that can improve policy aimed at climate mitigation. In 2008, international trade accounted for up to 26\% of global anthropogenic emissions, and therefore trade has garnered increased attention from policymakers seeking carbon mitigation. The concept of embodied carbon emissions in trade (EET) quantifies overall carbon emitted in the production and transport of goods for the purposes of trade. EET in theory could prove an indispensable tool to climate-concerned policymakers, but current implementations and data availability limit EET calculation to annual snapshots that extend …

Export Promotion As A Development Strategy: Evidence From Selected Southeast Asian Countries And Lessons For Ghana, Ohenewaa B. Newman

Journal for the Advancement of Developing Economies

Developing countries have adopted various development strategies such as import substitution industrialization (ISI) and export promotion strategies. For Latin-American and developing countries, some level of economic growth was experienced using ISI after the Second World War. However, these countries could not attain the needed economic growth, technological advancement or guarantee food security with the adoption of ISI. It led to unequal income distribution, less internal competition, and distortions of their economy, among others. The rise of export promotion strategies in the 1970s was evidenced by an impressive economic growth and a decline in poverty in jurisdictions like Taiwan, Tanzania and …

The Nature Of Money And The Theory Of International Trade: Thornton And Ricardo, Isabella M. Weber

Economics Department Working Paper Series

A rich recent literature reinvestigates the nature of money, but little attention has been paid to the ramifications of the ways in which we theorize money for the theory of international trade. This paper examines the logical relationship between the neutrality of money and self-balancing trade based on Henry Thornton and David Ricardo as two foundational contributions to credit and commodity money theories respectively. I show that both authors theorize trade as self-balancing whenever money is conceptualized as neutral. I distinguish two notions of the neutrality of money: ex ante and ex post neutrality. In Thornton’s Paper Credit money is …

Three Essays On International Economics: Global Value Chains Of Singapore And The Cptpp; The Effects Of Oil Price Shocks On Trade, Tran Bao Phuong Nguyen

Dissertations and Theses Collection (Open Access)

This dissertation discusses two questions in international economics. The first two chapters focus on the matter of global value chains. We first explore the participation of Singapore in the global value chains by characterizing the position of Singapore in the global network and identifying Singapore’s key upstream and downstream trade partners. This is done at both the country aggregate and at the sector level. We trace how the country’s position in global value chains has changed in the past two decades: whether it has moved upstream or downstream, how involved it is in global value chains, how its trend compares …

Three Essays On International Trade Policies, Xin Yi

Dissertations and Theses Collection (Open Access)

This dissertation studies the empirical and quantitative implications of trade policies. The first chapter examines the effects of trade policies on quality specialization across cities within a country. Specifically, we complement the quality specialization literature in international trade and study how larger cities within a country produce goods with higher quality. We first establish three stylized facts on how product quality is related to agglomeration, firm productivity, and worker skills. We then rationalize these facts in a spatial equilibrium model where all the elements mentioned above are present and firms are free to choose their locations. Using firm-level data from …

Analysis Of The Processes Of Development Of Foreign Trade In Uzbekistan, Zafar Mamasaidovich Khamraev, Otabek Siddikovich Kakhkhorov

Scientific reports of Bukhara State University

This article analyzes the development of foreign trade in Uzbekistan and the factors influencing it. It was noted that in order to improve foreign trade in Uzbekistan, it is necessary to carry out a number of tasks and find new markets for the sale of domestically produced products in other parts of the world and to export products to these markets. Proper and timely resolution of these issues will ensure the stability of foreign trade in Uzbekistan.

The Real Exchange Rate And Development. Theory, Evidence, Issues, And Challenges, Firat Demir, Arslan Razmi

Economics Department Working Paper Series

This paper surveys the theoretical and empirical literature on the effects of the real exchange rate (RER) on international trade, economic development and growth. We summarize the main conceptual issues, discuss the relevance of the RER as an instrument of development policy, provide an overview of the macroeconomic and microeconomic mechanisms that link the RER to trade and long run growth and development, analyze the challenges – especially the disconnect between theory and data -- that often arise in empirical applications, and present new avenues for future research. In the process, we present some updated estimates and illustrative figures. The …

Do Not Take Peace For Granted: Adam Smith's Warning On The Relation Between Commerce And War, Maria Pia Paganelli, R. Schumacher

Maria Pia Paganelli

Is trade a promoter of peace? Adam Smith, one of the earliest defenders of trade, worries that commerce may instigate some perverse incentives, encouraging wars. The wealth that commerce generates decreases the relative cost of wars, increases the ability to finance wars through debts, which decreases their perceived cost, and increases the willingness of commercial interests to use wars to extend their markets, increasing the number and prolonging the length of wars. Smith, therefore, cannot assume that trade would yield a peaceful world. While defending and promoting trade, Smith warns us not to take peace for granted.

Essays In Labor Economics And International Economics, Seyed Javad Nosratabadi

FIU Electronic Theses and Dissertations

This dissertation includes three essays in labor economics and international economics. The first essay studies the relationship between the amount of a loan demanded by firms and their labor demand. Governments have developed small loan programs with a reduced interest rate to decrease unemployment in Iran. Using longitudinal, firm-level data from the years 2005 to 2010 in Iran, this study examines the effect of one Iranian province's loan program on employment based on two different methods of evaluating causal effects. The first method applies a difference-in-difference fixed effects matching estimator to estimate the employment effect of the program. The second …

Impact Of Trade Openness On Economic Growth Among Ecowas Countries: 1975-2017, Victor U. Ijirshar

CBN Journal of Applied Statistics (JAS)

This study assesses the impact of trade openness on economic growth among ECOWAS countries using secondary data from 1975 to 2017. The study uses non-stationary heterogeneous dynamic panel models through the application of Pooled Mean Group (PMG) and Mean Group (MG) estimators since time dimension was more than cross-sections. Using the Hausman test, PMG estimator was preferred. Results show that trade openness has positive effects on growth in ECOWAS countries in the long-run but mixed effects in the short-run. The study therefore recommends that ECOWAS member countries improve cooperation among economic actors by using export consortia so as to help …

Do Not Take Peace For Granted: Adam Smith's Warning On The Relation Between Commerce And War, Maria Pia Paganelli, R. Schumacher

Economics Faculty Research

Is trade a promoter of peace? Adam Smith, one of the earliest defenders of trade, worries that commerce may instigate some perverse incentives, encouraging wars. The wealth that commerce generates decreases the relative cost of wars, increases the ability to finance wars through debts, which decreases their perceived cost, and increases the willingness of commercial interests to use wars to extend their markets, increasing the number and prolonging the length of wars. Smith, therefore, cannot assume that trade would yield a peaceful world. While defending and promoting trade, Smith warns us not to take peace for granted.

On The Widely Differing Effects Of Free Trade Agreements: Lessons From Twenty Years Of Trade Integration, Scott L. Baier, Yoto V. Yotov, Thomas Zylkin

Economics Faculty Publications

We develop a novel two stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different trading pairs for the years 1986-2006. We then employ these estimates as our dependent variable in a “second stage” analysis characterizing the heterogeneity in these effects. Interestingly, most of this heterogeneity (∼ 2/3) occurs within FTAs (rather than across different FTAs), with asymmetric effects within pairs (on exports …

A Two-Round In-Class Trading Game On The Principle Of Comparative Advantage And The Theory Of Reciprocal Demand, Bei Hong

Research Collection School Of Economics

This paper outlines a classroom trading game that explores equilibrium terms of trade using the principle of comparative advantage and theory of reciprocal demand. Students are divided into eight groups. Each group is assigned a country with hypothetical productivity and each country seeks its trading partner based on comparative advantage. Students simulate the trading of goods between countries with the objective of achieving the best possible terms of trade. The game encourages students to reflect on their learning of the principle of comparative advantage, consider improvements in trade terms through negotiation, and summarize the conditions for mutually beneficial terms of …