Pub Date : 2022-01-06DOI: 10.1007/s10290-021-00451-0
Sawsen Bouker,Faysal Mansouri
{"title":"Correction to: Sovereign contagion risk measure across financial markets in the eurozone: a bivariate copulas and Markov Regime Switching ARMA based approaches","authors":"Sawsen Bouker,Faysal Mansouri","doi":"10.1007/s10290-021-00451-0","DOIUrl":"https://doi.org/10.1007/s10290-021-00451-0","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"91 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2022-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138541727","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-03DOI: 10.1007/s10290-021-00444-z
Sørensen, Allan
The present paper explores how foreign business conditions affect domestic income, welfare, and industry structure, i.e., the international spillovers from business conditions, in a two-country one-sector heterogeneous-firms trade model. Pro-competitive improvements in foreign business conditions (e.g., a larger market, higher productivity, lower export costs or lower entry costs) increase real income and thus welfare in both countries. The positive spillovers materialize in part through intra-industry reallocations similar to those released by trade liberalization. They include stronger selection into firm survival and a larger share of firms exporting, and, thus, a shift of activity towards more productive firms and a subsequent increase in aggregate productivity. The change in the share of domestic expenditure is shown to be a sufficient statistic for how changes in foreign business conditions affect domestic real income, welfare, and industry structure. Finally, the paper highlights that the sign of the spillover is highly dependent on whether the general equilibrium is restored through standard home market effects or through adjustment in the relative wage.
{"title":"Spillovers from foreign business conditions","authors":"Sørensen, Allan","doi":"10.1007/s10290-021-00444-z","DOIUrl":"https://doi.org/10.1007/s10290-021-00444-z","url":null,"abstract":"<p>The present paper explores how <i>foreign</i> business conditions affect <i>domestic</i> income, welfare, and industry structure, i.e., the international spillovers from business conditions, in a two-country one-sector heterogeneous-firms trade model. Pro-competitive improvements in foreign business conditions (e.g., a larger market, higher productivity, lower export costs or lower entry costs) increase real income and thus welfare in both countries. The positive spillovers materialize in part through intra-industry reallocations similar to those released by trade liberalization. They include stronger selection into firm survival and a larger share of firms exporting, and, thus, a shift of activity towards more productive firms and a subsequent increase in aggregate productivity. The change in the share of domestic expenditure is shown to be a sufficient statistic for how changes in foreign business conditions affect domestic real income, welfare, and industry structure. Finally, the paper highlights that the sign of the spillover is highly dependent on whether the general equilibrium is restored through standard home market effects or through adjustment in the relative wage.</p>","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"211 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2022-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138541732","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-28DOI: 10.1007/s10290-021-00447-w
Michael Stiefel, Rémi Vivès
{"title":"Correction to: ‘Whatever it takes’ to change belief: evidence from Twitter","authors":"Michael Stiefel, Rémi Vivès","doi":"10.1007/s10290-021-00447-w","DOIUrl":"https://doi.org/10.1007/s10290-021-00447-w","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"158 1","pages":"749 - 749"},"PeriodicalIF":1.7,"publicationDate":"2021-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43653372","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-17DOI: 10.1007/s10290-021-00443-0
Michael Stiefel, Rémi Vivès
{"title":"‘Whatever it takes’ to change belief: evidence from Twitter","authors":"Michael Stiefel, Rémi Vivès","doi":"10.1007/s10290-021-00443-0","DOIUrl":"https://doi.org/10.1007/s10290-021-00443-0","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"158 1","pages":"715 - 747"},"PeriodicalIF":1.7,"publicationDate":"2021-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45261897","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-13DOI: 10.1007/s10290-021-00440-3
Sawsen Bouker, F. Mansouri
{"title":"Sovereign contagion risk measure across financial markets in the eurozone: a bivariate copulas and Markov Regime Switching ARMA based approaches","authors":"Sawsen Bouker, F. Mansouri","doi":"10.1007/s10290-021-00440-3","DOIUrl":"https://doi.org/10.1007/s10290-021-00440-3","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"158 1","pages":"615 - 711"},"PeriodicalIF":1.7,"publicationDate":"2021-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45851537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-19DOI: 10.1007/s10290-021-00439-w
Syed Shoyeb Hossain, H. Delin
{"title":"Measuring economic impact in Korea, Japan, India, China, and ASEAN considering agricultural sectors: a dynamic CGE approach based on GAMS","authors":"Syed Shoyeb Hossain, H. Delin","doi":"10.1007/s10290-021-00439-w","DOIUrl":"https://doi.org/10.1007/s10290-021-00439-w","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"158 1","pages":"571 - 613"},"PeriodicalIF":1.7,"publicationDate":"2021-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52650314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-09DOI: 10.1007/s10290-021-00436-z
Gabriel Felbermayr, J. Gröschl, Marina Steininger
{"title":"Quantifying Brexit: from ex post to ex ante using structural gravity","authors":"Gabriel Felbermayr, J. Gröschl, Marina Steininger","doi":"10.1007/s10290-021-00436-z","DOIUrl":"https://doi.org/10.1007/s10290-021-00436-z","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"158 1","pages":"401 - 465"},"PeriodicalIF":1.7,"publicationDate":"2021-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48230610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-08DOI: 10.1007/s10290-021-00442-1
Alexander Sandkamp, Vincent Stamer, Shuyao Yang
{"title":"Where has the rum gone? The impact of maritime piracy on trade and transport","authors":"Alexander Sandkamp, Vincent Stamer, Shuyao Yang","doi":"10.1007/s10290-021-00442-1","DOIUrl":"https://doi.org/10.1007/s10290-021-00442-1","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"158 1","pages":"751 - 778"},"PeriodicalIF":1.7,"publicationDate":"2021-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48724224","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-04DOI: 10.1007/s10290-021-00441-2
Peter R. Herman
{"title":"Correction to: Modeling complex network patterns in international trade","authors":"Peter R. Herman","doi":"10.1007/s10290-021-00441-2","DOIUrl":"https://doi.org/10.1007/s10290-021-00441-2","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"158 1","pages":"713 - 714"},"PeriodicalIF":1.7,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52650352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-22DOI: 10.1007/s10290-021-00438-x
J. Hoarau
{"title":"Is international tourism responsible for the outbreak of the COVID-19 pandemic? A cross-country analysis with a special focus on small islands","authors":"J. Hoarau","doi":"10.1007/s10290-021-00438-x","DOIUrl":"https://doi.org/10.1007/s10290-021-00438-x","url":null,"abstract":"","PeriodicalId":47405,"journal":{"name":"Review of World Economics","volume":"158 1","pages":"493 - 528"},"PeriodicalIF":1.7,"publicationDate":"2021-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42499316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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