Refine
Document Type
- Article (11)
- Part of a Book (3)
- Other Publications (1)
- Report (1)
- Working Paper (1)
Keywords
- Antidumping (1)
- China (1)
- Credit constraints (1)
- Economics and Econometrics (1)
- Effects of sanctions on trade (1)
- External tariffs (1)
- Finance (1)
- Financial frictions (1)
- Free trade agreements (1)
- Freistellungssemesterbericht (1)
Institute
This paper introduces the third update/release of the Global Sanctions Data Base (GSDB-R3). The GSDB-R3 extends the period of coverage from 1950–2019 to 1950–2022, which includes two special periods—COVID-19 and the new sanctions against Russia. This update of the GSDB contains a total of 1325 cases. In response to multiple inquiries and requests, the GSDB-R3 has been amended with a new variable that distinguishes between unilateral and multilateral sanctions. As before, the GSDB comes in two versions, case-specific and dyadic, which are freely available upon request at GSDB@drexel.edu. To highlight one of the new features of the GSDB, we estimate the heterogeneous effects of unilateral and multilateral sanctions on trade. We also obtain estimates of the effects on trade of the 2014 sanctions on Russia.
We quantify the effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980–2016, we find that the average partial equilibrium impact of GATT/WTO membership on trade among member countries is large, positive, and significant. We contribute to the literature by estimating country-specific estimates and find them to vary widely across the countries in our sample with poorer members benefitting more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and heterogeneous across members. We show that countries not experiencing positive trade effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand.
AbstractSanctions encompass a wide set of policy instruments restricting cross‐border economic activities. In this paper, we study how different types of sanctions affect the export behavior of firms to the targeted countries. We combine Danish register data, including information on firm‐destination‐specific exports, with information on sanctions imposed by Denmark from the Global Sanctions Database. Our data allow us to study firms' export behavior in 62 sanctioned countries, amounting to a total of 453 country‐years with sanctions over the period 2000–2015. Methodologically, we apply a two‐stage estimation strategy to properly account for multilateral resistance terms. We find that, on average, sanctions lead to a significant reduction in firms' destination‐specific exports and a significant increase in firms' probability to exit the destination. Next, we study heterogeneity in the effects of sanctions across (i) sanction types and sanction packages, (ii) the objectives of sanctions, and (iii) countries subject to sanctions. Results confirm that the effects of sanctions on firms' export behavior vary considerably across these three dimensions.
Sanktionen stellen Zwangsmaßnahmen dar, die bei der Bewältigung politischer Spannungen zwischen Nationen eine lange und wiederkehrende Stellung einnehmen. Sie werden sowohl einseitig als auch in Staatenbündnissen verhängt und besonders nach dem 2. Weltkrieg mit zunehmender Häufigkeit eingesetzt. Während im letzten Jahrhundert, insbesondere vor dem 2. Weltkrieg, Handelsbeschränkungen und umfassende Wirtschaftsblockaden die vorherrschenden Sanktionsinstrumente darstellten, werden heute in einer stärker integrierten und globalisierten Welt Sanktionen in verschiedenen weiteren Formen verhängt, einschließlich internationaler Finanzbeschränkungen, Reiseverbote, Handelseinschränkungen für bestimmte Gütergruppen, Aufhebung militärischer Hilfen und spezifische Einschränkungen, wie beispielsweise Flugverbote und Hafensperrungen.
100 Jahre Türkische Republik
(2023)
While managerial mobility is ubiquitously seen as an integral part of the success in firms’ internationalization, discerning its empirical merits has been impaired by the paucity of quasi-experimental evidence, or adequate instrumental variables. To overcome these objective limitations, this paper proposes a novel identification strategy, which uses a control function based on on-the-job search theory to correct estimates for the presence of self-selected mobility flows. Our analysis confirms the finding that managers’ specific market experience matters for firms’ internationalization, especially when it derives from longer tenures at the former jobs.
Regarding the attributes of managerial knowledge, our results reveal that on-the-job earned experience is at least as effective for firms’ internationalization as in born knowledge (i.e. origins) and that managers’ personal network of customers is an important asset in managers’ fund of expertise for the expansion into new markets.
Im Sommersemester 2022 habe ich laufende und neue Forschungsprojekte sowohl national wie auch international vorangetrieben. Schwerpunktmäßig wurde die international etablierte Global Sanctions Data Base (GSDB) in Kooperation mit Forschern aus den USA und Österreich aktualisiert und in Form einer Forschungsarbeit der Forschungsgemeinschaft bekannt gemacht. Aufgrund der erarbeiteten Expertise habe ich zahlreiche Vorträge und Interviews in Medien zu Sanktionen und deren ökonomische Wirkung gegeben. Darüber hinaus wurde ein Buchkapitel zu Sanktionen in Kooperation mit internationalen Wissenschaftlern verfasst. Ferner wurde ein neues Forschungsprojekt in Kooperation mit einem regionalen Unternehmen zur Entwicklung eines Prozesses für die THG-Bilanzierung initiiert. Zwei wissenschaftliche Publikationen (peer-reviewed) wurden finalisiert. Ferner wurden 2 neue wissenschaftliche Forschungsprojekte mit internationalen Wissenschaftlern initiiert und die Ergebnisse in Arbeitspapieren veröffentlicht. Die zugrundeliegenden Manuskripte wurden in peer-reviewed Zeitschriften eingereicht. In Kooperation mit der Universität Konstanz wurde ein Schülertag für Gymnasiasten organisiert, um die Bedeutung von Wirtschaftspolitik den Schülern näher zu bringen.
Many countries offer state credit guarantees to support credit-constrained exporters. The policy instrument is commonly justified by governments as a means to mitigating adverse outcomes of financial market frictions for exporting firms. Accumulated returns to the German state credit guarantee scheme deriving from risk-compensating premia have outweighed accumulated losses over the past 60 years. Why do private financial agents not step in and provide insurance given that the state-run program yields positive returns? We argue that costs of risk diversification, liquidity management, and coordination among creditors limit the ability of private financial agents to offer comparable insurance products. Moreover, we suggest that the government’s greater effectiveness in recovering claims in foreign countries endows the state with a cost advantage in dealing with the risks involved in large export projects. We test these hypotheses using monthly firm-level data combined with official transaction-level data on covered exports of German firms and find suggestive evidence that positive effects on trade are due to mitigated financial constraints: State credit guarantees benefit firms that are dependent on external finance, if the value at risk which they seek to cover is large, and at times when refinancing conditions on the private financial market are tight.