International Economics Commons^™

Finding Answers In Gaps: The Relationship Between Drugs And Mexico's Economy, Mariela Centeno

CMC Senior Theses

This paper sets out to understand the economic conditions that paved the way for the evolution and resilience of a powerful and resilient drug economy in Mexico. To do this, I examine the relationship between a proxy for drug movement from Mexico and large economic variables in the country. I use a dataset that incorporates the drug seizures from 1997 to 2022 to understand whether privatization and the resulting rising economic inequalities in Mexico paved the way for a growing drug economy. This paper builds on current literature regarding drug market estimates and drug economy interactions. Using an OLS regression …

The Effect Of Free Trade Agreements On Innovation: Evidence From Us Bilateral Free Trade Agreements With Australia, Chile, Singapore, And South Korea, Cameron Stevens

CMC Senior Theses

This paper combines two datasets to identify the effect of joining a bilateral Free Trade Agreement with the United States on innovation in four select countries: Australia, Chile, Singapore, and South Korea. Using an probability concordance developed by Lybbert and Zolas (2014), I map the number of patents recorded by the World Intellectual Property Organization (WIPO) into four digit North-American-Industry-Classification-System (NAICS) codes, which are then combined with industry level trade data from the US International Trade Committee (USITC). Using a difference-in-differences regression model, I estimate that joining an FTA increases the number of annual patent filings by 44 in a …

A Philosophical And Empirical Investigation Into Buddhist Economics, Hannah Doyle

CMC Senior Theses

There is a growing body of literature on Buddhist economics from a philosophical perspective; however, no work to date has sought to empirically validate it as an effective economic theory at a global scale. In my paper, I draw on the long history of Buddhist metaphysics to construct an account of Buddhist ethics and then proceed to derive a set of Buddhist economic principles. I draw on the World Happiness Report’s methodology to quantitatively demonstrate the relationship between Buddhist economic principles and the psychological wellbeing of a country’s citizens, as measured through their own evaluation of their quality of life …

Did Demonetization Have A Bigger Impact On Ppis (Prepaid Payment Instruments) Or Mobile Banking In India?, Ansh Vora

CMC Senior Theses

On November 8, 2016, Narendra Modi, prime minister of India, tele-advertised the entire nation and announced that India's highest value banknotes, the 500 and 1000 rupee “Rs” notes would be demonetized and taken out of circulation, effective midnight. Modi stated that this is an effort to reduce the large economy of black money, transition India into a digital economy, abolish funding of terrorist groups and illicit circulation of counterfeit notes. In this study, I choose to analyze the impact of demonetization on two digital payment methods - Prepaid Payment Instruments, “PPI” and Mobile Banking. The data used in this study …

Balancing Trade And Security During The Us-China Trade War: A Gravity Model Approach To South Korea’S Relations With The United States And China, Nathalie Chavez

CMC Senior Theses

In analyzing monthly trade and gross domestic product (GDP) data for South Korea, China, and the United States from January 2016 to December 2019, this paper attempts to quantify the effects of the US-China Trade War on Korea’s security and economic considerations. By using a three-country gravity model with both monthly and HS Code (harmonized system) fixed effects, it finds the following. First, increases in both real GDP for the United States and China, as well as real GDP for Korea, are positively associated with increases in Korean exports at statistically significant levels. Thus, the general predictions of the gravity …

Impact Of Demand For H1b Visas In The Us On The Performance Of Listed Indian Firms, Jayaditya Shekhar Maliye

CMC Senior Theses

This thesis examines the relationship between Indian firm performance and the demand for H1B visas in the US. To test this relationship, a fixed effects model has been used on a panel dataset of 104 Indian firms listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) over the period 2009 to 2021. The results show that an increase in H1B visa demand is negatively and significantly associated with Indian firm performance. These findings suggest that the US’s demand for high skilled labor overseas has consequences for firms in the home country.

Chinese Yuan Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun

WCBT Faculty Publications

This paper models the dynamics of Chinese yuan–denominated long-term interest rate swap yields. It shows that the short-term interest rate exerts a decisive influence on the long-term swap yield after controlling for various macrofinancial variables, such as core inflation, the growth of industrial production, the percent change in the equity price index, and the percentage change in the Chinese yuan exchange rate. The autoregressive distributed lag approach is applied to model the dynamics of the long-term swap yield. The findings reinforce and extend John Maynard Keynes’s conjecture that in advanced countries, as well as emerging market economies such as China, …

Information, Communication, And Technology In Developing Countries: The Impediment To Nigeria Economic Growth, Fatima Ali Muhammed

Dissertations and Theses

Technological revolution has shifted the world to a post-industrial society as information communication and technology (ICT) govern the centrality of human interaction. ICT has become widely influential at all levels of life, especially socially and economically.

In the 21st century, innovative technologies have become a crucial element of accelerating all factors of production to deliver rapid and effective results in every sector of the economy. The Internet, as a component of ICT, has become the global computing network that facilitates the access, analysis and dissemination of infinite information rapidly using advanced technology.

Policy makers, researchers, business leaders, academics are all …

Carbon Leakage: Evidence From French Trade Data, Jared Gibbs

Graduate Student Theses, Dissertations, & Professional Papers

Pollution leakage has existed as a concern of both trade theory and domestic policy since questions of the environmental impact of economic activity entered the literature. With the growing threat of climate change and the proliferation of carbon pricing policies around the world, the value of robust estimate of the extent of carbon leakage is particularly acute. Using a pseudo poisson maximum-likelihood (PPML) estimator, I examine French trade volumes to identify potential evidence of carbon leakage. To that end, the net carbon tax between France and its trading partners is regressed on the trade volume in 318 carbon intensive goods. …

Impact Of Us-China Trade War On Thailand's Electronic Exports, Chanakarn Permthongchoochai

Chulalongkorn University Theses and Dissertations (Chula ETD)

This paper aims to examine how US-China trade war impacts on Thailand's electronics industry which is important to Thai economy in term of export. The study uses input-output table to show the connection of Thailand's electronics sector with other industry through its participation in global value chain. Moreover, the study uses a Computable General Equilibrium (CGE) model by using the reclassified General Trade Analysis Project (GTAP) database to simulate the results from the set-up scenarios. The results from the simulations show that, overall, Thai economy benefits from US-China trade war in term of both GDP and welfare of the country …

The Impact Of Foreign Direct Investment On Manufacturing Employment : A Comparative Study Of Zhejiang And Other Provinces, Dan Wu

Chulalongkorn University Theses and Dissertations (Chula ETD)

The purpose of this study is to examine the impact of FDI on manufacturing labor productivity in Zhejiang, Jiangsu and Shanghai using panel data between 2007 and 2020. This study investigates the differential effects of FDI in four manufacturing subsectors: Agriculture and Food Industries, Basic Industries, Light Industries and Heavy Industries. First, the empirical result shows that FDI has a significantly positive impact on manufacturing labor productivity in Zhejiang, Jiangsu and Shanghai. FDI has a greater impact on labor productivity in Jiangsu compared to Zhejiang and Shanghai. Second, R&D expenditure has a significant positive effect on labor productivity both in …

A Comparative Country Study Of Outward Fdi Determinants With Special References Of Singapore, Malaysia And Thailand, Penporn Pathong

Chulalongkorn University Theses and Dissertations (Chula ETD)

Over the last decade, ASEAN outward FDI increased significantly despite being major recipients of FDI. Singapore, Malaysia, and Thailand have developed into an emerging investment source for many countries. Our study uses panel data analysis covering the period 2005–2019 to investigate and compare their determinants in order to draw policy implications. The results show that common factor that influence outward FDI of the above three countries are technology and geographic distance. Specific factors that influence outward FDI of individual countries differently are GDP, exchange rate, inflation rate, labor cost, export, import and political stability. For policies implication government can encourage …

Growth And Risk: A View From International Trade, Pravin Krishna, Andrei A. Levcheko, Lin Ma, William F. Maloney

Research Collection School Of Economics

This paper studies the cross-country patterns of risky innovation and growth through the lens of international trade. We use a simple theoretical framework of risky quality upgrading by firms under varying levels of financial development to derive two predictions. First, the mean rate of quality growth and the corresponding cross-sectional variance of quality growth in a country are positively correlated. Second, both the mean and variance of quality changes are positively correlated with the country’s level of financial development. We then test these two hypotheses using data on disaggregated (HS10) bilateral exports to the United States. The patterns in the …

New Policy Opens Trade With India For Pork Producers In The U.S., Morgan Marie Aitchison

Honors Program Theses

International trade is critical in maintaining a country’s prosperity. Trade between countries fuels the economy for both parties, creates jobs, and raises the standard of living. This statement comes from the Office of the United States Trade Representative (USTR). A major development of USTR's portfolio is the progress in trade with India. In November of 2021, the United States of America and the country of India agreed on a long-awaited Trade Policy concerning numerous economic topics. Within the policy released by the USTR were discussions and agreements over agriculture, non-agriculture goods, services, investment, and intellectual property. The topics included a …

Noneconomic Objectives, Global Value Chains And International Cooperation, Bernard M. Hoekman, Petros C. Mavroidis, Douglas R. Nelson

Faculty Scholarship

Systemic conflicts increasingly affect the global value chains (GVCs) underpinning globalization by creating policy uncertainty and politicizing trade and investment decisions. Unilateral policies to attain competitiveness and noneconomic objectives (NEOs), including national security, create incentives for international cooperation to attenuate policy spillovers. Recent initiatives seeking to do so are organized around supply chain governance and need not be anchored in trade agreements. Whether such cooperation is feasible and can be designed to be effective in realizing NEOs is unclear. Plurilateral GVC-centered cooperation offers a potential path for states to pursue NEOs and reduce policy uncertainty for international business. Research offers …

Economic Implications Of International Energy Trade : A Comparative Analysis Across Developed, Developing, And Least Developed Nations, Mmaduabuchi Chigozie Emeghebo, Bintou K.B. Janneh, Semeria Youlo Maurice

World Maritime University Dissertations

Energy trade and consumption constitute vital components of international trade, a significance that has been amplified by escalating global industrialization and globalization. Nonetheless, the patterns of demand, trade, and utilization of energy differ markedly across various categories of economies, as delineated by the United Nations into Developed, Developing, and Least Developed Nations.

This study endeavors to elucidate the influence of international energy trade and consumption on the economic development trajectories of these three distinct categories of nations. Employing linear panel regression methodologies on panel data sets spanning the period from 1995 to 2021 for each category, the analysis reveals that …

Southeast Asia & The Hidden Green Revolution: A Study On Foreign Direct Investment In Eco-Investments In Asean, Ravi Chailertborisuth

Undergraduate Honors Theses

This paper aims to find: To what extent foreign direct investment is fueling the renewable energy transition in ASEAN. The year 1966 saw the founding of ASEAN, the Association for Southeast Asian Nations. The five founding member nations were: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Over time, this group of nations grew to include nations such as: Laos, Cambodia, Vietnam, Brunei, and Myanmar. The IGO (inter-governmental organization) aims to foster “economic, social, cultural, technical, educational and other fields” (ASEAN). The IGO is successful, allowing capital to flow cross-borders with more ease, and encourage economic corporation across all nations. Since …

Money Moves: An Analysis Of Chinese Foreign Direct Investment In Europe, Susan Soh

Honors Theses

In recent years, China has begun engaging in outward foreign direct investment (FDI). There is a significant amount of literature dedicated to understanding China’s FDI in developing nations. However, very little research has been conducted over Chinese FDI in advanced economies. As a result of this gap in existing literature, the question arises, what explains Chinese FDI in Europe?

As FDI is a transaction to which both the donor and recipient countries must agree, this thesis has a dual focus. One chapter of the thesis analyzes the effects of and motivations for Chinese FDI on European nations. In this chapter, …

Remittance: A New Instrument For Change -- Understanding The Impact Of Remittances On Home Countries Development, Alex M. Hamed

Graduate Program in International Studies Theses & Dissertations

This dissertation constructs a framework to investigate the impact of remittances on the recipient countries in the context of the Middle East and North Africa (MENA) and the European Union (EU). The framework will explore the effects of labor migration induced by bilateral labor agreements (BLAs). Such labor agreements are guided by the desire of autocratic governments to utilize their citizens to finance social contracts to sustain the authoritarian systems. The labor movements are further enhanced by accumulating social capital and remittances. The research also highlights the impact of remittances on the home country's institutional quality. It also highlights the …

Trade And Transfer Of Environmentally Sound Technology In Asean: Mapping Priorities To Economic Treaty Negotiations, Locknie Hsu

Research Collection Yong Pung How School Of Law

The 10 members of the Association of Southeast Asian Nations (“ASEAN”) share common objectives in economic, sociocultural and political-security integration. Addressing environmental concerns is animportant consideration which traverses different areas of integration policymaking. ASEAN has, in recent years, emphasised the importance of environmental considerations, including environmentally sound technologies (“ESTs”) which may contribute to its climate change mitigation and adaptation efforts, in its law and policymaking. This article discusses the nexus between ASEAN’s needs for the transfer of ESTs and the group’s economic treaty negotiations. Through a “mapping” of such needs to free trade agreementareas, it aims to provide a pathway …