International Economics Commons^™

Strategic Significance: A Model Of G-20 Membership, Patrick Eagan-Van Meter

CMC Senior Theses

The membership of the Group of 20 was selected without any official criteria. This paper investigates whether group membership can be explained through the consideration of several different factors that coincide with the mission of the organization. I found strong evidence that membership in the Group of 20 was based on some combination of land mass and economic output. The results demonstrate that these factors are highly predictive of group membership.

Democratic Strength And Terrorism: An Economic Approach, Brian P. Winter

CMC Senior Theses

There has been much literature about the economic effects of terrorism in democratic countries, but this literature often considers democracy to be a binary variable. This paper sought to explore how the effects might differ depending on the strength of a democracy. In the end, I found that the numbers of attacks and the effects of those attacks do not follow a linear path. The results for autocracies and anocracies require further analysis, but democracies have revealed interesting results. It seems that democracies as a whole have more terrorist attacks, but, within this group, the more democratic a country is …

The Gift That Keeps Giving: Fdi Inflows In China, Joseph Chang

CMC Senior Theses

This paper investigates the primacy of foreign direct investment inflows in liberalizing China’s economy and whether the long-term gains from economic openness will justify its inefficient energy uses and growing regional income disparities. By examining the history of FDI inflows in China, it becomes evident that FDI inflows were an instrumental part in institutional and technological development in China. I extend the argument to take into account how these developed infrastructures react to China’s growing energy demand in light of a shrinking world supply. Lastly, I perform a meta-analysis on the Environmental Kuznets Curve theory and the Pollution Haven Hypothesis, …

The Economic Impact Of Oil Price Shocks On Emerging Markets, Aanchal Kapoor

CMC Senior Theses

Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the existence of an asymmetrical relationship between oil prices and economic activity using a model developed by James Hamilton. It also assesses the impact of structural shocks to the real price of oil on output as proposed by Lutz Kilian. While our models find no consistent pattern within emerging markets, they do suggest that oil price shocks have a …

Geopolitics, Oil Law Reform, And Commodity Market Expectations, Robert Bejesky

Oklahoma Law Review

No abstract provided.

Us Japan Trade Paper, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Notes on cointegration testing procedures for exchange rate models — Shaikh, A., PhD. Unpublished manuscript notes, dated December 2, 2011.
• Notes on OECD aggregate weighting and lag-selection criteria — Shaikh, A., PhD. Unpublished manuscript notes, undated.
• Explaining long term exchange rate behavior in the United States and Japan — Shaikh, A., and Antonopoulos, R. Levy Economics Institute of Bard College Working Paper No. 250, published 1998. This copy is a later revised version with data updated through 2008; the revision itself is undated.
• My XR theory: short run adjustments — Shaikh, A., PhD. Unpublished manuscript notes, dated …

Global Economic Governance Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Global economic governance, global inequality and the role of the united nations presentation script. Shaikh, A. 2011. New York. [Unpublished conference materials].
• Handwritten notes on global economic governance panel speakers. Shaikh, A. 2011. [Unpublished manuscript]. Department of Economics, The New School for Social Research.
• Handwritten prep notes for panel address. Shaikh, A. 2011. [Unpublished manuscript]. Department of Economics, The New School for Social Research.
• Global economic governance, global inequality and the role of the un list of participants. Friedrich Ebert Stiftung, & UBUNTU Forum. 2011. New York. [Unpublished conference materials].
• Global economic governance, …

Has The Franco-German Power Balance In The European Union Tipped In Favor Of Germany?, Stephanie C. Haffner

CMC Senior Theses

The power balance between France and Germany in the European Union has been one of great discussion and debate. Countless journalists and scholars have argued that Germany’s power has risen gradually against the seemingly perpetually stronger France over the past sixty years, and is now finally set to surpass France; but how true are these claims? How can power within the EU truly be measured? Through an analysis of Franco-German collaboration through unionization, a critique of the contemporary discourse on the relationship, and an examination of changing contributions to the EU budget, my paper argues that the Franco-German power balance …

International Migration And Remittances: A Review Of Economic Impacts, Issues And Challenges From The Sending Country’S Perspective, Tereso S. Tullao Jr, Christopher James R. Cabuay

Angelo King Institute for Economic and Business Studies (AKI)

The paper reviews the motivations of people to migrate and remit as well as the impacts of migration and the effects of remittances. Reasons for migration are quite varied ranging from economic asymmetries (also known as push-pull factors), demographic asymmetries, investment in human capital, maximization of household income, the culture of migration, and the movement in natural persons. On the other hand, remittances are sent to the home country for altruistic, exchange, strategic and insurance motives as well as an arbitrage in interspatial differences in purchasing power. The impacts of migration and remittances are felt on both the household and …

Trade And Investment In The Philippines, Hazel C. Parcon-Santos

Angelo King Institute for Economic and Business Studies (AKI)

Developing countries such as the Philippines relies heavily on trade and foreign direct investment (FDI), consequently leading to economic integration, which in its entireity, determines the country’s economic condition. As such, we believe that there is a need to further study the impact of these external variables on the competitiveness and efficiency of the Philippine economy.

Issues On International Trade And Investment And Its Implications For Further Research, Angelo B. Taningco

Angelo King Institute for Economic and Business Studies (AKI)

Recent developments in the field of international trade and investments worldwide have led to contemporary literature that encompass international trade in goods and services, trade policies, bilateral and regional free trade agreements (FTAs) as well as multilateral trading arrangements, trade facilitation measures, and foreign direct investment (FDI) policies. Given the increasing significance of multilateral trade and FDI flows between regions in recent years, there is a need of further research especially for developing countries like the Philippines. As such, it will be possible to develop efficient trade and investment policies, which relate to inclusive growth and development. Results suggest that …

The Stability Of Offshore Outsourcing Relationships: The Role Of Relation Specificity And Client Control, Stephan Manning, Arie Y. Lewin, Marc Schuerch

Management and Marketing Faculty Publication Series

Offshore outsourcing of administrative and technical services has become a mainstream business practice. Increasing commoditization of business services and growing client experience with outsourcing have created a range of competitive service delivery options for client firms. Yet, data from the Offshoring Research Network (ORN) suggests that, despite increasing market options and growing client quality and cost efficiency expectations, clients typically renew provider contracts and develop longer-term relationships with providers. Based on ORN data, this paper explores drivers of this phenomenon. The findings suggest that providers promote contract renewal by making client specific investments in software, IT infrastructure and training, and …

The Great Indian Growth Puzzle: What Caused A Spike In 2003?, Aditya Bindal

CMC Senior Theses

This paper will employ unit root tests for finding structural breaks endogenously among India’s key macroeconomic aggregate series, as well as their components and subcomponents. The same analysis will be repeated, wherever data are available, for states. The results from these unit root tests will then be used in regression models for national and state level data to understand the causes behind structural breaks. We find that breakpoints cluster around 1982 and 2003 for most series at the national and state level. The services component appears to be a promising candidate for explaining the 2003 structural break in some of …

International Financial Reporting Standards: A Cautionary Note For Emerging Economies, Khursheed Omer, Darshan Wadhwa

Business Review

Long before the present economic crisis unfolded, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) had been working to achieve harmonization in accounting and financial reporting standards across the globe. Now that the world economic community has become more integrated, cross border flow of capital has gained unprecedented momentum and steps are underway to achieve this goal as early as possible. Initial efforts to harmonize local accounting principles and practices with those followed in developed economies were generally aimed at facilitating foreign multinationals operating in other countries. The desired goal of harmonization now ought to …

Redesigning Global Trade Institutions, John Linarelli

Scholarly Works

This is a draft of an essay for the symposium, 2021: International Law Ten Years from Now, held by the Southwestern Journal of International Law in cooperation with the International Law Association (American Branch) Weekend West. The essay deals with two questions. First, what is to be of the WTO and world trade institutions generally? It examines the rise of regionalism in international trade agreements and possible roles for variable geometry for the WTO. The essay critiques proposals to move towards (or back to) plurilateralism for the WTO. Second, what should trade agreements do? This question goes to the core …

How Predictable Is The Chinese Stock Market?, Fuwei Jiang, Jun Tu, David Rapach, Jack K. Strauss, Guofu Zhou

Research Collection Lee Kong Chian School Of Business

We analyze return predictability for the Chinese stock market index and its components sorted on industry, size, book-to-market and ownership concentration, with both in-sample and out-of-sample tests. We find significant predictability. Among industry portfolios, Finance and insurance, Real estate, and Manufacturing exhibit the most predictability, while small-cap, low book-to-market ratio and low ownership concentration firms also display considerable predictability. The conditional CAPM model largely accounts for component predictability, and industry concentration significantly explain differences in return predictability across industries, consistent with the information-flow frictions emphasized by Hong, Torous, and Valkanov (2007).

How Short And Long Term Interdependencies Have Changed Due To The Global Financial Crisis, Lungowe Andala

Theses : Honours

This study investigates how short and long term interdependencies have changed among ten countries grouped into countries from the same region (close geographical proximity) as a result of the recent Global Financial Crisis. A number of econometrics methodologies are employed in doing the analysis. Johansen's cointegration methodology is carried out to assess whether the stock markets have long run interdependencies and whether these interdependencies have changed as a result of the Global Financial Crisis. For the stock markets not cointegrated Granger Causality is carried out to analyze short run interdependencies between pairs of stock markets. Furthermore, generalized Impulse Response Function …

Introduction To Special Issue: Globalisation And Economic Integration In East Asia, Paul De Grauwe, Zhaoyong Zhang

Research outputs 2011

Globalisation or regionalisation is arguably the most popular concept used to describe the rapid growth of intra-regional trade and capital flows as well as the political and social linkages associated with increasing economic integration in the East Asian region. However, it might be a surprise to note that regionalisation is relatively a recent event in East Asia. In comparison with the European experience, regional integration in East Asia has occurred in the absence of a formal institutional framework, and is market-driven in nature. Policies such as preferential trading arrangements have traditionally not played much of a role in the integration …

Rulc/Rxr Update, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Notes on cointegration testing procedures for exchange rate models — Shaikh, A., PhD. Unpublished manuscript notes, dated December 2, 2011.
• Notes on OECD aggregate weighting and lag-selection criteria — Shaikh, A., PhD. Unpublished manuscript notes, undated.
• Explaining long term exchange rate behavior in the United States and Japan — Shaikh, A., and Antonopoulos, R. Levy Economics Institute of Bard College Working Paper No. 250, published 1998. This copy is a later revised version with data updated through 2008; the revision itself is undated.
• My XR theory: short run adjustments — Shaikh, A., PhD. Unpublished manuscript notes, dated …

Nafta, Cafta And The Environment: The Role Of Institutions, Sherrie Baver

Publications and Research

This essay examines the institutionalization of environmental concerns, primarily focusing on NAFTA, and argues that the 1994 agreement should be seen as a positive first attempt to raise the profile of environmental concerns within discussions of expanding global trade. More specifically, NAFTA and subsequent U.S. FTAs have contributed to the growth of procedural environmental rights that have the potential to deepen democracy in the wider political system. Given that free trade agreements represent the U.S. approach to world trade at present, this paper takes the practical position that building on NAFTA’s foundation, opportunities exist to continue promoting environmental sustainability within …