The World Economy

Volume 41, n° 12, December 2018

Global Trade Policy 2018

Mini‐Symposium: Global Debt Dynamics

• ANTONIADES Andreas, GRIFFITH-JONES Stephany - Global debt dynamics: The elephant in the room, pp. 3256-3268
• CHUI Michael, KURUC Emese, TURNER Philip - Leverage and currency mismatches: Non‐financial companies in the emerging markets, pp. 3269-3287
• CORTINA Juan J., DIDIER Tatiana, SCHMUKLER Sergio L. - Corporate debt maturity in developing countries: Sources of long and short‐termism, pp. 3288-3316
• DAFE Florence, ESSERS Dennis, VOLZ Ulrich - Localising sovereign debt: The rise of local currency bond markets in sub‐Saharan Africa, pp. 3317-3344
• INTARTAGLIA Maurizio, ANTONIADES Andreas, BHATTACHARYYA Sambit - Unbundled debt and economic growth in developed and developing economies: An empirical analysis, pp. 3345-3358
• FISCHER Andrew M. - Debt and development in historical perspective: The external constraints of late industrialisation revisited through South Korea and Brazil, pp. 3359-3378

Mini‐Symposium: China and the World Economy

• GAUVIN Ludovic, REBILLARD Cyril C. - Towards recoupling? Assessing the global impact of a Chinese hard landing through trade and commodity price channels, pp. 3379-3415
• MA Hong, TENG Yue - How political incentives affect Chinese outward foreign direct investment: A UN Security Council membership perspectiv, pp. 3416-3441
• LI Jianan, LI Zhiyuan, SUN Puyang - Does the razor's edge exist? New evidence of the law of one price in China (1997–2012), pp. 3442-3466
• CHEN Bo, HOU Jinbo - Trade liberalisation and cross‐firm wage heterogeneity: Theory and evidence from China, pp. 3467-3481
• YANG Chih‐Hai, TSOU Meng‐Wen - Firm heterogeneity, market choice and productivity: Evidence from foreign‐owned enterprises in China, pp. 3482-3502
• XI Junfang, ZHOU Weihuan, WANG Heng - The impact of the China–Australia Free Trade Agreement on Australia's education exports to China: A legal and economic assessment, pp. 3503-3523

Trade Policy Review

• WEDER Rolf - WTO trade policy review for Switzerland: In need for a new paradigm, pp. 3524-3535

(résumés du n° 12/2018)

Volume 41, n° 11, November 2018

• MITRA Devashish, PHAM Cong S., BANDYOPADHYAY Subhayu - Terrorism and international air travel: A gravity approach, pp. 2852-2882
• ANDERSON Kym, WITTWER Glyn - Cumulative effects of Brexit and other UK and EU‐27 bilateral free‐trade agreements on the world’s wine markets, pp. 2883-2894
• BARBERO Javier, RODRIGUEZ-CRESPO Ernesto - The effect of broadband on European Union trade: A regional spatial approach, pp. 2895-2913
• McKAY Andy, TEKLESELASSIE Tsegay G. - Tall paper walls: The political economy of visas and cross‐border travel, pp. 2914-2933
• SNUDDEN Stephen - International remittances, migration and primary commodities, pp. 2934-2953
• KIM Yu Ri, TODO Yasuyuki, SHIMAMOTO Daichi, MATOUS Petr - Are seminars on export promotion effective? Evidence from a randomised controlled trial, pp. 2954-2982
• BERNHOFEN Daniel, UPWARD Richard, WANG Zheng - Quantity restrictions and price adjustment of Chinese Textile Exports to the US, pp. 2983-3000
• KINDA Tidiane, MLACHILA Montfort, OUEDRAOGO Rasmane - Do commodity price shocks weaken the financial sector? pp. 3001-3044
• THANGAVELU Shandre M., WANG Wenxiao, OUM Sothea - Servicification in global value chains: Comparative analysis of selected Asian countries with OECD, pp. 3045-3070
• WANG Peijie, LIU Zhiyuan - A triangular purchasing power parity hypothesis, pp. 3071-3097
• BROSKY Stefan, LEITER Andrea, PFAFFENMAYR Michael - Product quality and sustainability: The effect of international environmental agreements on bilateral trade, pp. 3098-3129
• VALLANTI Giovanna - International capital mobility and unemployment dynamics: Empirical evidence from OECD countries, pp. 3130-3171
• WANG Yuchen, WATSON John, WICKRAMANAYAKE Jayasinghe - The global financial crisis and the mutual fund flow–performance relationship, pp. 3172-3193
• GOLLEY Jane, TYERS Rod, ZHOU Yixiao - Fertility and savings contractions in China: Long‐run global implications, pp. 3194-3220
• BERDIEV Aziz N., GOEL Rajeev K., SAUNORIS James W. - Corruption and the shadow economy: One‐way or two‐way street? pp. 3221-3241
• YANG Lei, YIN Xiaopeng, HE Yin - Trademark protection, quality improvement and exports in developing countries, pp. 3242-3254

(résumés du n° 11/2018)

Volume 41, n° 10, October 2018

• HANNAH Erin, SCOTT James, WILKINSON Rorden - The WTO in Buenos Aires: The outcome and its significance for the future of the multilateral trading system, pp. 2578-2598
• KANCS d'Artis, LECCA Patrizio - Long‐term social, economic and fiscal effects of immigration into the EU: The role of the integration policy, pp. 2599-2630
• MARTIN - Martin Trade and economic impacts of destination‐based business cash‐flow taxes, pp. 2631-2649
• WINCHESTER Niven - Can tariffs be used to enforce Paris climate commitments? pp. 2650-2668
• MALAN Franck A. - Does being an IMF executive board member (Re)pay? An examination of IMF loans and repayments, pp. 2669-2690
• SEGHEZZA Elena - Can swap line arrangements help solve the Triffin dilemma? How? pp, 2691-2708
• KIM Soyoung, LEE Jong‐Wha, McKIBBIN Warwick J. - Asia's rebalancing and growth, pp. 2709-2731
• BOHN Timon, BRAKMAN Steven, DIETZENBACHER Erik - The role of services in globalisation, pp. 2732-2749
• ANDERSON James E., LARCH Mario, YOTOV Yoto V. - GEPPML: General equilibrium analysis with PPML, pp. 2750-2782
• DONG Xiyong, YOON Seong‐Min - Structural breaks, dynamic correlations, and hedge and safe havens for stock and foreign exchange markets in Greater China, pp. 2783-2803
• SOLAZ Marta - Value added and participation in global value chains: The case of Spain, pp. 2804-2827
• SIMONS Daniel, LOUIS Rosmy Jean - Monetary union in West Africa and business cycles synchronicity: New evidence, pp. 2828-2848

Corrigendum

• Do venture capitalists function the same: The evidence from the Chinese newest stock market, ChiNext, p. 2849

(résumés du n° 10/2018)

Volume 41, n° 9, September 2018

• BOUËT Antoine, LABORDE David - US trade wars in the twenty‐first century with emerging countries: Make America and its partners lose again, pp. 2276-2319
• FIORINI Matteo, HOEKMAN Bernard, MALGOUYRES Clément - Services policy reform and manufacturing employment: Evidence from transition economies, pp. 2320-2348
• CHANG Winston W. - Brexit and its economic consequences, pp. 2349-2373
• LI Guangzhong, LI Jie, ZHU Jiaqing - Exchange rate jumps and exports: Evidence from China, pp. 2374-2388
• DEVADOSS Stephen, LUCKSTEAD Jeff - US immigration policies and dynamics of cross‐border workforce in agriculture, pp. 2389-2413
• WHITTEN Gregory W. - Price‐level co‐movements within currency unions: An alternative integration metric, pp. 2414-2438
• LIU Guanchun, LIU Yuanyuan, ZHANG Chengsi - Factor allocation, economic growth and unbalanced regional development in China, pp. 2439-2463
• ETZO Ivan, TAKAOKA Sumiko - The impact of migration on the cross‐border M&A: Some evidence for Japan, pp. 2464-2490
• DORN Florian, SCHINKE Christoph - Top income shares in OECD countries: The role of government ideology and globalisation, pp. 2491-2527
• SANT'ANNA Vinícios P., JÚNIOR Sérgio Kannebley - Port efficiency and Brazilian exports: A quantitative assessment of the impact of turnaround time, pp. 2528-2551
• BANG Hokyung, PARK Misook - Global value chain and its impact on the linkage between exchange rate and export: Cases of China, Japan and Kore, pp. 2552-2576

(résumés du n° 9/2018)

Volume 41, n° 8, August 2018

Special Issue on Asia

• XING Weibo, ZHOU Li‐An - Bilateral trust and trade: Evidence from China, pp. 1918-1940
• LIN Guijun, WANG Fei, PEI Jiansuo - Global value chain perspective of US–China trade and employment, pp. 1941-1964
• CHOI Yoonho, CHOI E. Kwan - International trade in branded and generic products, pp. 1965-1975
• CHEN Xudong, HUANG Bihong, LI Shaoshuai - Population ageing and inequality: Evidence from China, pp. 1976-2000
• HUO Weidong, DENG Fuhua, CHEN Jiandong - An empirical analysis of the Renminbi: Exchange rates and cross‐border trade settlement, pp. 2001-2019
• BELADI Hamid, CHAO Chi Chur, HU May - Do venture capitalists function the same: The evidence from the Chinese newest stock market, ChiNext, pp. 2020-2041
• NIIMI Yoko, HORIOKA Charles Yuji - The impact of intergenerational transfers on wealth inequality in Japan and the United States, pp. 2042-2066
• FUJII Tomoki - Has the development gap between the ethnic minority and majority groups narrowed in Vietnam?: Evidence from household surveys, pp. 2067-2101
• LIN Guijun, PEI Jiansuo, ZHANG Jin - Strategic competition in the Asian mega‐regionalism and optimal choices, pp. 2102-2128

Original Articles

• ALBORNOZ Facundo, LEMBERGMAN Ezequiel García, JUAREZ Leticia - Microeconomic adjustments during an export boom: Argentina, 2003–11, pp. 2129-2148
• VAN DEN BERG Marcel, VAN MARREWIJK Charles, TAMMINEN Saara - Trade, productivity and profitability: On profit levels and profit margins, pp. 2149-2174
• SILBERBERGER Magdalene, STENDER Frederik - False friends? Empirical evidence on trade policy substitution in regional trade agreements, pp. 2175-2199
• AKGÜNDÜZ Yusuf Emre, KAL Süleyman Hilmi, TORUN Huzeyfe - Do subsidised export loans increase exports? pp. 2200-2215
• PICEK Oliver, SCHRÖDER Enno - Spillover effects of Germany's final demand on Southern Europe, pp. 2216-2242
• JALES Hugo, KANG Thomas H., STEIN Guilherme, RIBEIRO Felipe Garcia - Measuring the role of the 1959 revolution on Cuba's economic performance, pp. 2243-2274

(résumés du n° 8/2018)

Volume 41, n° 7, July 2018

Special issue on the economics of common language and culture

• EGGER Peter H., TOUBAL Farid - Special issue on the economics of common language and culture, pp. 1748-1749
• MELITZ Jacques - English as a lingua franca: Facts, benefits and costs, pp. 1750-1774
• GINSBURGH Victor, MORENO-TERNERO Juan D. - Compensation schemes for learning a Lingua Franca in the European Union, pp. 1775-1789
• DAVYDOV Denis, SHAPOVAL Alexander, WEBER Shlomo - Linguistic equilibrium with local and world languages: Challenges of globalisation, pp. 1790-1811
• CARRÈRE Céline, MASOOD Maria - Cultural proximity: A source of trade flow resilience? pp. 1812-1832
• EGGER Peter H., TOUBAL Farid - Native language and acquired language as determinants of product‐level trade, pp. 1833-1846
• NAGHAVI Alireza, PRAROLO Giovanni - Harmonisation and globalisation of intellectual property culture, pp. 1847-1866
• OREFICE Gianluca, SANTONI Gianluca - Exporting creative and cultural products: Birthplace diversity matters! pp. 1867-1887
• GOKMEN Gunes, NIKISHINA Elena, VÉZINA Pierre‐Louis - Ethnic minorities and trade: The Soviet Union as a natural experiment, pp. 1888-1902
• EGGER Peter H., LASSMANN Andrea - The impact of common native language and immigration on imports, pp. 1903-1916

(résumés du n° 7/2018)

Volume 41, n° 6, June, 2018

• BRAUN Julia, ZAGLER Martin - The true art of the tax deal: Evidence on aid flows and bilateral double tax agreements, pp. 1478-1507
• GOLUB Stephen S., CEGLOWSKI Janet, MBAYE Ahmadou Aly, PRASAD Varun - Can Africa compete with China in manufacturing? The role of relative unit labour cost, pp. 1508-1528
• LÜCKE Matthias, STÖHR Tobias - Heterogeneous immigrants, exports and foreign direct investment: The role of language skills, pp. 1529-1548
• SOPRANZETTI Silvia - Overlapping free trade agreements and international trade: A network approach, pp. 1549-1566
• MELONI Giulia, SWINNEN Johan - The political economy of regulations and trade: Wine trade 1860–1970, pp. 1567-1595
• HIROSE Kyoko, YOSHIDA Yushi - Where at home do exporters produce and export? pp. 1596-1639
• JAUD Melise, KIENDREBEOGO Youssouf, VÉGANZONÈS-VAROUDAKIS Marie‐Ange - Financial vulnerability and export dynamics, pp. 1640-1663
• BIRG Laura - Pharmaceutical cost‐sharing systems and savings for healthcare systems from parallel trade, pp. 1664-1694
• CUI Yaqiong, LIU Bin - Manufacturing servitisation and duration of exports in China, pp. 1695-1721
• ZHANG Rui - Exposure to the new wave of offshoring: An unemployment perspective, pp. 1722-1746

(résumés du n° 6/2018)

Volume 41, n° 5, May 2018

• KODAMA Naomi, JAVORCIK Beata S., ABE Yukiko - Transplanting corporate culture across international borders: Foreign direct investment and female employment in Japan, pp. 1148-1165
• FARIÑAS José C., MARTIN-MARCOS Ana, VELÁZQUEZ Francisco J. - Multinational activity of European firms and heterogeneity, pp. 1166-1195
• VEERAMANI Choorikkad, AERATH Lakshmi - Prachi Gupta Intensive and extensive margins of exports: What can India learn from China? pp. 1196-1222
• SHINGAL Anirudh, ROY Martin, SAUVÉ Pierre - Do WTO+ commitments in services trade agreements reflect a quest for optimal regulatory convergence? Evidence from Asia, pp. 1223-1250
• FEINBERG Robert M., REYNOLDS Kara M. - How do countries respond to anti‐dumping filings? Dispute settlement and retaliatory anti‐dumping, pp. 1251-1268
• LEDERMAN Daniel, ROBERTSON Raymond - Economic integration across Latin America: Evidence from labour markets, 1990–2013, pp. 1269-1287
• XU Zhenhui - China's exports, export tax rebates and exchange rate policy, pp. 1288-1308
• TRIGGS Adam - Macroeconomic policy cooperation and the G20, pp. 1309-1341
• LUCA Randolph, CIPOLLINA Bruno Maria - A meta‐analysis of the indirect impact of foreign direct investment in old and new EU member states: Understanding productivity spillovers, pp. 1342-1377
• AGARWAL Natasha, WANG Zheng - Does the US EXIM Bank really promote US exports? pp. 1378-1414
• SIDDIQUI Anjum, IPBAL Asim - In search of spatial interdependence of US outbound FDI in the MENA region, pp. 1415-1436
• KONDO Keisuke - Sourcing patterns of export‐platform foreign affiliates: The case of Japanese affiliates in Mexico, pp. 1437-1456
• EL-SAHLI Zouheir - The role of inbound tourist flows in promoting exports, pp. 1457-1475

(résumés du n° 5/2018)

Volume 41, n° 4, April 2018

Special issue in honour of Chris Milner

• GREENAWAY David, MORRISSEY Oliver - A life's work on trade and development, pp. 960-966
• COLLIER Sir Paul - The downside of globalisation: Why it matters and what can be done about it, pp. 967-974
• WOOD Adrian - The 1990s trade and wages debate in retrospect, pp. 975-999
• FALVEY Rod, GREENAWAY David - Joana Silva International competition, returns to skill and labour market adjustment, pp. 1000-1024
• MOSLEY Paul - Why has export diversification been so hard to achieve in Africa? pp. 1025-1044
• McKAY Andy, MUSSIDA Chiara, VERUETE Leticia - The challenge of youth employment in Asia: Lessons from four fast‐growing economies, pp. 1045-1067
• McGILLIVRAY Mark, CLARKE Matthew - Fairness in the international allocation of development aid, pp. 1068-1087
• FALWEY Rod, FOSTER-McGREGOR Neil - On the relationship between the breadth of preferential trading arrangements and trade flows, pp. 1088-1110
• KETTERER Tobias D. - Anti‐dumping use and its effect on trade liberalisation. Evidence for the European Union, pp. 1111-1130
• FIELDING David - 1066 and all that: Some deep determinants of voting shares in the 2016 referendum on EU membership, pp. 1131-1146

(résumés du n° 4/2018)

Volume 41, n° 3, March 2018

ISLAMIC BANKING AND FINANCE

• IBRAHIM Mansor H., ALAM Nafis - Islamic economics and Islamic finance in the world economy, pp. 668-673
• AYSAN Ahmet F., DISLI Mustafa, OZTURK Huseyin - Bank lending channel in a dual banking system: Why are Islamic banks so responsive? pp. 674-698
• KLEIN Paul‐Olivier, WEILL Laurent, GODLEWSKI Christophe J. - How sukuk shapes firm performance, pp. 699-722
• KHAN Hayat - Islamic economics and a third fundamental theorem of welfare economics, pp. 723-737
• AMRANI Fayçal - Sharing contracts' marginalisation, adverse selection and markup calculation, pp. 738-751
• BACHA Obiyathulla Ismath, MIRAKHOR Abbas - Funding development infrastructure without leverage: A risk‐sharing alternative using innovative sukuk structures, pp. 752-762
• KUTAN Ali M., NAZ Iram, SHAH Syed Muhammad Aamir - Are top managers important for firm performance and idiosyncratic risk? Evidence from sharia vs non‐sharia‐compliant firms in the UK and Pakistan, pp. 763-780
• AUN Syed, ARSHAD R. Rizvi Shaista - Stabilising economic growth through risk sharing macro instruments, pp. 781-800

Original Articles

• WECHE John P. - The heterogeneous competitive effects of trade and foreign direct investment: Firm‐level evidence for European countries, pp. 801-830
• GILBERT John, FURUSAWA Taiji, SCOLLAY Robert - The economic impact of the Trans‐Pacific Partnership: What have we learned from CGE simulation? pp. 831-865
• CUEVAS Víctor - The impact of the yuan‐dollar exchange rate on Mexican manufacturing exports to the US: A cointegration approach, pp. 866-883
• ING Lili Yan, CADOT Olivier, WALZ Janine - Transparency in non‐tariff measures: An international comparison, pp. 884-912
• HOEBERICHTS Marco, STOKMAN Ad - Why price‐level dispersion went up in Europe after the financial crisis, pp. 913-925
• BEHAR Alberto, FOUEJIEU Armand - External adjustment in oil exporters: The role of fiscal policy and the exchange rate, pp. 926-957

(résumés du n° 3/2018)

Volume 41, n° 2, February 2018

• LEUWER David, SÜSSMUTH Bernd - The exchange rate susceptibility of European core industries, 1995–2010, pp. 358–392
• HANSSON Åsan, OLOFSDOTTER Karin, THEDE Susanna - Do Swedish multinationals pay less in taxes than domestic firms? pp. 393–413
• GOZGOR Giray - Robustness of the KOF index of economic globalisation, pp. 414–430
• MENARD Audrey, GARY Aurore - Aid, trade and migration: How do bilateral flows interact? pp. 431–456
• EPPINGER Peter S., MEYTHALER Nicole, SINDLINGER Marc-Manuel, SMOLKA Marcel - The great trade collapse and the Spanish export miracle: Firm-level evidence from the crisis, pp. 457–493
• KOHLER Andreas, FERJANI Ali - Exchange rate effects: A case study of the export performance of the Swiss agriculture and food sector, pp. 494–518
• SWAMY Vighneswara, NARAYANAMURTHY Vijayakumar - What drives the capital flows into BRICS economies? pp. 519–549
• PIEROLA Martha Denisse, FERNANDES Ana Margarida, FAROLE Thomas - The role of imports for exporter performance in Peru, pp. 550–572
• AHREND Rudiger, SAIA Alessandro, SCHWELLNUS Cyrille - The demand for safe assets in emerging economies and global imbalances: New empirical evidence, pp. 573–603
• CHOI Bo-Young, PYUN Ju Hyun - Does real exchange rate depreciation increase productivity? Analysis using Korean firm-level data, pp. 604–633
• SOO Kwok Tong - Country size and trade in intermediate and final goods, pp. 634–652

Invited Review

• LUONG Tuan Anh - Picking cherries or lemons: A unified theory of cross-border mergers and acquisitions, pp. 653–666

(résumés du n° 2/2018)

Volume 41, n° 1, January 2018

Original articles

• FALVEY Rod, McGREGOR Neil Foster - North-South foreign direct investment and bilateral investment treaties, pp. 2–28

Invited Review

• MIGALI Silvia - Migration and institutions: Evidence from internal EU mobility, pp. 29–58

Original articles

• HUCHET-BOURDON Marilyne, LE MOUËL Chantal, VIJIL  Mariana - The relationship between trade openness and economic growth: Some new insights on the openness measurement issue, pp. 59–76
• BECKMANN Joscha, BERGER Theo, CZUDAJ Robert - The macroeconomic role of currency reserve accumulation in emerging markets—The Asian experience, pp. 77–99
• CHAKRABORTY Pavel - The great trade collapse and Indian firms, pp. 100–125
• CARMIGNANI Fabrizio, KLER Parvinder - Dynamic spatial panel estimates of war contagion, pp. 126–142
• YEATS Alexander J. - An analysis of the cause and magnitude of foreign trade zone-induced biases in US import statistics, pp. 143–170
• DANG Vinh Q. T., YANG Yu (Alan), CHAN Kenneth S. - Yen or Yuan? The law of one price and economic integration in Asia, pp. 171–193
• BALESTRERI Edward J., BÖHRINGER Christoph, RUTHERFORD Thomas F. - Carbon policy and the structure of global trade, pp. 194–221
• BERDIEV Aziz N., SAUNORIS James W. - Does globalisation affect the shadow economy? pp. 222–241
• SUN Puyang, HOU Xinyu, ZHANG Jingjia - Does US quantitative easing affect exchange rate pass-through in China? pp. 242–261
• HERGHELEGIU Cristina - The political economy of non-tariff measures, pp. 262–286
• GHARIBNAVAZ Mohammad Reza, WASCHIK Robert - A computable general equilibrium model of international sanctions in Iran, pp. 287–307
• ALTAY Serdar - Associating Turkey with the Transatlantic Trade and Investment Partnership: A costly (re-) engagement? pp. 308–336
• LATIPOV Olim, McDANIEL Christine, SCHROPP Simon - The de minimis threshold in international trade: The costs of being too low, pp. 337–356