This paper analyses the effect of offshoring on firm outcomes, using data from Germany's International Sourcing Survey (ISS) 2017 linked to other firm‐level data. We use a direct, survey‐based measure of offshoring on the extensive margin, namely whether a firm has relocated business functions abroad that were previously performed domestically within the firm. The analysis proceeds in two parts. First, difference‐in‐differences propensity score matching estimates reveal a negative effect of offshoring on domestic employment and production. However, most of this effect is not because the offshoring firms shrink, but because they do not grow as fast as the non‐offshoring firms. We further decompose the underlying employment dynamics using direct survey evidence on how many jobs the firms destroyed/created due to offshoring. Second, we analyse changes in the mix of import goods. Offshoring firms increase the share of ‘produced goods imports’, that is goods which are both imported and produced domestically by the firm. In contrast, offshoring firms do not increase the share of intermediate goods imports (a commonly used proxy for offshoring), as defined by the BEC Rev. 5 classification.
{"title":"Offshoring and the dynamics of employment, production, and imports: Evidence from the German International Sourcing Survey","authors":"Wolfhard Kaus, Markus Zimmermann","doi":"10.1111/twec.13606","DOIUrl":"https://doi.org/10.1111/twec.13606","url":null,"abstract":"This paper analyses the effect of offshoring on firm outcomes, using data from Germany's International Sourcing Survey (ISS) 2017 linked to other firm‐level data. We use a direct, survey‐based measure of offshoring on the extensive margin, namely whether a firm has relocated business functions abroad that were previously performed domestically within the firm. The analysis proceeds in two parts. First, difference‐in‐differences propensity score matching estimates reveal a negative effect of offshoring on domestic employment and production. However, most of this effect is not because the offshoring firms shrink, but because they do not grow as fast as the non‐offshoring firms. We further decompose the underlying employment dynamics using direct survey evidence on how many jobs the firms destroyed/created due to offshoring. Second, we analyse changes in the mix of import goods. Offshoring firms increase the share of ‘produced goods imports’, that is goods which are both imported and produced domestically by the firm. In contrast, offshoring firms do not increase the share of intermediate goods imports (a commonly used proxy for offshoring), as defined by the BEC Rev. 5 classification.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"87 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141507412","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Marc Bacchetta, Eddy Bekkers, Roberta Piermartini, Stela Rubinova, Victor Stolzenburg, Ankai Xu
We conduct an in‐depth analysis of the reasons for changes in global value chains as a result of COVID‐19 both from a positive angle, analysing expected changes in the behaviour of firms, and from a normative angle, assessing the different arguments for policy interventions by governments. The analysis generates three main conclusions. First, the COVID‐19 pandemic could contribute to diversification of sources of supply whose extent will vary by sector depending on the costs of value chain reorganisation. The pandemic, by contrast, is not likely to contribute much to re‐shoring, the return of manufacturing activities to industrialised countries, which is more likely to be driven by pre‐existing trends such as rising factor costs in emerging countries, increasing uncertainty about trade policy, and robotization and automation of production. Second, the pandemic has led to increased attention to the provision of essential goods in situations of crisis. Third, the largest risk for the global economy in the aftermath of the pandemic is a move away from open, non‐discriminatory trade policies, which would jeopardise the large benefits of open trade regimes in the current global economy characterised by scale economies, innovation spillovers, and a global division of labour.
{"title":"COVID‐19 and global value chains: A discussion of arguments on value chain organisation and the role of the WTO","authors":"Marc Bacchetta, Eddy Bekkers, Roberta Piermartini, Stela Rubinova, Victor Stolzenburg, Ankai Xu","doi":"10.1111/twec.13603","DOIUrl":"https://doi.org/10.1111/twec.13603","url":null,"abstract":"We conduct an in‐depth analysis of the reasons for changes in global value chains as a result of COVID‐19 both from a positive angle, analysing expected changes in the behaviour of firms, and from a normative angle, assessing the different arguments for policy interventions by governments. The analysis generates three main conclusions. First, the COVID‐19 pandemic could contribute to diversification of sources of supply whose extent will vary by sector depending on the costs of value chain reorganisation. The pandemic, by contrast, is not likely to contribute much to re‐shoring, the return of manufacturing activities to industrialised countries, which is more likely to be driven by pre‐existing trends such as rising factor costs in emerging countries, increasing uncertainty about trade policy, and robotization and automation of production. Second, the pandemic has led to increased attention to the provision of essential goods in situations of crisis. Third, the largest risk for the global economy in the aftermath of the pandemic is a move away from open, non‐discriminatory trade policies, which would jeopardise the large benefits of open trade regimes in the current global economy characterised by scale economies, innovation spillovers, and a global division of labour.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141519981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Political and economic tensions, which often jeopardise trade, are rising among the world's major powers, and countries like China are more frequently using food‐related trade actions to deal with deteriorating political relations. Using an event study approach, this paper investigates how importers respond to lasting political tensions by examining China's seafood importers' responses to the 6‐year Norway–China political tensions after Norway awarded Liu Xiaobo, a Chinese political dissident, a Nobel Peace Prize in 2010. Our results reveal firm‐level responses at both the intensive and extensive margins. At the intensive margin, firms that imported Norwegian fresh salmon before the sanction saw a 20% persistent decline in their fresh salmon import value and an 80% decrease in the import share of Norwegian fresh salmon products over our study period. At the extensive margin, we find a trade diversion effect that firms imported fresh salmon from Norway to other countries and regions, but also a consistent ‘political hedging’ effect 3 years after sanction with a 20% decline in the maximum import share from any particular country or region, even if not Norway.
{"title":"Do firms hedge against political tensions? Evidence from Chinese food importers of Norwegian salmon","authors":"Haoran Li, Xibo Wan, Wendong Zhang","doi":"10.1111/twec.13601","DOIUrl":"https://doi.org/10.1111/twec.13601","url":null,"abstract":"Political and economic tensions, which often jeopardise trade, are rising among the world's major powers, and countries like China are more frequently using food‐related trade actions to deal with deteriorating political relations. Using an event study approach, this paper investigates how importers respond to lasting political tensions by examining China's seafood importers' responses to the 6‐year Norway–China political tensions after Norway awarded Liu Xiaobo, a Chinese political dissident, a Nobel Peace Prize in 2010. Our results reveal firm‐level responses at both the intensive and extensive margins. At the intensive margin, firms that imported Norwegian fresh salmon before the sanction saw a 20% persistent decline in their fresh salmon import value and an 80% decrease in the import share of Norwegian fresh salmon products over our study period. At the extensive margin, we find a trade diversion effect that firms imported fresh salmon from Norway to other countries and regions, but also a consistent ‘political hedging’ effect 3 years after sanction with a 20% decline in the maximum import share from any particular country or region, even if not Norway.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"51 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141383009","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
E. Bekkers, Erwin Corong, Jeanne Métivier, Daniil Orlov
In this paper, the evolution of global trade patterns until 2050 is projected with a recursive dynamic computable general equilibrium (CGE) model. Feeding the model with exogenous projections on macroeconomic, demographic, sectoral and trade cost variables, the evolution of trade patterns emerges endogenously from the model. The approach is innovative in both modelling approach and exogenous inputs. GDP growth emerges endogenously in the model because of diffusion of ideas as a result of international trade and trade cost changes are based on estimates of technology and trade policy changes. The projections indicate that (i) because of projected reductions in trade costs, trade will grow more than GDP, generating a global trade‐to‐GDP growth rate of 1.1; (ii) because of structural change, the global share of manufacturing trade falls from 64% in 2020 to 52% by 2050, whereas the share of services trade rises substantially from 24% to 38%; and (iii) because of technological catch‐up, the share in global trade of both developing and least‐developed countries (LDCs) will rise (with developing countries overtaking developed economies around 2035), the share of intra‐developed country trade will fall, whereas the share of intra‐developing country trade and those between developing and developed countries will rise.
本文采用递归动态可计算一般均衡（CGE）模型对 2050 年前全球贸易模式的演变进行了预测。通过对宏观经济、人口、部门和贸易成本变量的外生预测，贸易模式的演变从模型中内生出来。这种方法在建模方法和外生投入方面都具有创新性。国内生产总值的增长在模型中是内生的，因为国际贸易带来了思想的传播，而贸易成本的变化则是基于对技术和贸易政策变化的估计。预测结果表明：(i) 由于预计贸易成本会降低，贸易增长将超过 GDP 增长，全球贸易与 GDP 增长率将达到 1.0%；(ii) 由于结构性因素，贸易增长将超过 GDP 增长，全球贸易与 GDP 增长率将达到 1.0%。1；(ii) 由于结构变化，全球制造业贸易份额将从 2020 年的 64%下降到 2050 年的 52%，而服务贸易份额将从 24%大幅上升到 38%；(iii) 由于技术赶超，发展中国家和最不发达国家在全球贸易中的份额将上升（发展中国家将在 2035 年左右超过发达经济体），发达国家内部贸易份额将下降，而发展中国家内部贸易以及发展中国家与发达国家之间的贸易份额将上升。
{"title":"How will global trade patterns evolve in the long run?","authors":"E. Bekkers, Erwin Corong, Jeanne Métivier, Daniil Orlov","doi":"10.1111/twec.13575","DOIUrl":"https://doi.org/10.1111/twec.13575","url":null,"abstract":"In this paper, the evolution of global trade patterns until 2050 is projected with a recursive dynamic computable general equilibrium (CGE) model. Feeding the model with exogenous projections on macroeconomic, demographic, sectoral and trade cost variables, the evolution of trade patterns emerges endogenously from the model. The approach is innovative in both modelling approach and exogenous inputs. GDP growth emerges endogenously in the model because of diffusion of ideas as a result of international trade and trade cost changes are based on estimates of technology and trade policy changes. The projections indicate that (i) because of projected reductions in trade costs, trade will grow more than GDP, generating a global trade‐to‐GDP growth rate of 1.1; (ii) because of structural change, the global share of manufacturing trade falls from 64% in 2020 to 52% by 2050, whereas the share of services trade rises substantially from 24% to 38%; and (iii) because of technological catch‐up, the share in global trade of both developing and least‐developed countries (LDCs) will rise (with developing countries overtaking developed economies around 2035), the share of intra‐developed country trade will fall, whereas the share of intra‐developing country trade and those between developing and developed countries will rise.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"67 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141276820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Extensive research has studied the effect of the Internet on trade, yet little is known about its role in trade facilitation through risk alleviation. This research investigates how Internet linkage facilitates exports, particularly through the novel channel of risk alleviation. Theoretically, this paper introduces a gravity model augmented with export risk to establish the stimulating effect of Internet linkage on exports. Empirically, this paper uses inter‐domain hyperlinks as a proxy for Internet linkage in 2009, uncovering a statistically significant positive impact of Internet linkage on exports. Notably, there is a 27.8% increase in exports in reaction to a doubling of the Internet linkage intensity. By employing various techniques, we meticulously address potential endogeneity issues and substantiate the risk‐alleviation mechanism at both the country and product levels. Particularly, we find that exports to riskier countries and of riskier products benefit more from the Internet linkage. This study sheds new light on the novel channel through which the Internet promotes exports, enriching the existing literature in this field.
{"title":"Internet linkage and international trade: From the perspective of risk alleviation","authors":"Jie Duan, Zengxi Hu","doi":"10.1111/twec.13600","DOIUrl":"https://doi.org/10.1111/twec.13600","url":null,"abstract":"Extensive research has studied the effect of the Internet on trade, yet little is known about its role in trade facilitation through risk alleviation. This research investigates how Internet linkage facilitates exports, particularly through the novel channel of risk alleviation. Theoretically, this paper introduces a gravity model augmented with export risk to establish the stimulating effect of Internet linkage on exports. Empirically, this paper uses inter‐domain hyperlinks as a proxy for Internet linkage in 2009, uncovering a statistically significant positive impact of Internet linkage on exports. Notably, there is a 27.8% increase in exports in reaction to a doubling of the Internet linkage intensity. By employing various techniques, we meticulously address potential endogeneity issues and substantiate the risk‐alleviation mechanism at both the country and product levels. Particularly, we find that exports to riskier countries and of riskier products benefit more from the Internet linkage. This study sheds new light on the novel channel through which the Internet promotes exports, enriching the existing literature in this field.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141189896","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article empirically investigates the effects of global shocks on EU‐28 countries' patterns of specialisation by focusing on the global financial crisis of 2008. In particular, it addresses the following two research questions: Did the financial crisis change the patterns of specialisation of EU member states? Was the impact of the crisis homogenous across countries and manufacturing products? Answering these questions is important because changes in specialisation generate inequalities, given the shift of the demand from one factor to another. Using an unconditional quantile regression approach, this study demonstrates that the financial crisis had a positive effect which was larger on products in which countries were not specialised before the crisis. Some heterogeneity also emerged at both sectoral and geographical levels.
{"title":"Global shocks and the dynamics of EU countries' specialisation","authors":"Simona Comi, Mara Grasseni, Laura Resmini","doi":"10.1111/twec.13584","DOIUrl":"https://doi.org/10.1111/twec.13584","url":null,"abstract":"This article empirically investigates the effects of global shocks on EU‐28 countries' patterns of specialisation by focusing on the global financial crisis of 2008. In particular, it addresses the following two research questions: Did the financial crisis change the patterns of specialisation of EU member states? Was the impact of the crisis homogenous across countries and manufacturing products? Answering these questions is important because changes in specialisation generate inequalities, given the shift of the demand from one factor to another. Using an unconditional quantile regression approach, this study demonstrates that the financial crisis had a positive effect which was larger on products in which countries were not specialised before the crisis. Some heterogeneity also emerged at both sectoral and geographical levels.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140933046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We examine the likely effect of the African Continental Free Trade Area (AfCFTA) on African investment using data on announced greenfield investment. Departing from existing work on this subject, we add value by providing estimates based on a general equilibrium counterfactual analysis in a structural gravity framework. Results suggest that the stock of announced intra‐African greenfield investment in 2018 would have increased by 0.7 percent from a successful implementation of the AfCFTA in that year relative to the baseline scenario of no agreement, with considerable heterogeneity across source and destination countries. Moreover, the positive effect is found to increase with the depth of the negotiated agreement. Exploring possible transmission channels we find the trade elasticity of announced greenfield investment to be positive, especially for trade in intermediates in African host countries with strong governance indicators. This suggests that, by improving institutional quality and galvanising regional value chains, integration within Africa could also incentivise investment.
{"title":"African continental free trade area and greenfield investment: Likely effect and transmission channels","authors":"Anirudh Shingal, Maximiliano Mendez‐Parra","doi":"10.1111/twec.13581","DOIUrl":"https://doi.org/10.1111/twec.13581","url":null,"abstract":"We examine the likely effect of the African Continental Free Trade Area (AfCFTA) on African investment using data on announced greenfield investment. Departing from existing work on this subject, we add value by providing estimates based on a general equilibrium counterfactual analysis in a structural gravity framework. Results suggest that the stock of announced intra‐African greenfield investment in 2018 would have increased by 0.7 percent from a successful implementation of the AfCFTA in that year relative to the baseline scenario of no agreement, with considerable heterogeneity across source and destination countries. Moreover, the positive effect is found to increase with the depth of the negotiated agreement. Exploring possible transmission channels we find the trade elasticity of announced greenfield investment to be positive, especially for trade in intermediates in African host countries with strong governance indicators. This suggests that, by improving institutional quality and galvanising regional value chains, integration within Africa could also incentivise investment.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"43 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140932963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Most signatories of the African Continental Free Trade Area (AfCFTA) agreement have submitted tariff concession offers, as published on the AfCFTA Secretariat's website. Over a year since the AfCFTA came into effect, it is time to take stock of these submissions and assess the data with respect to members' stances towards fostering intra‐African trade through openness on the one hand and maintaining protection against competing imports and revenues from import tariffs on the other. Combining the offers with corresponding trade and tariff data, we find that there are both significant data gaps and inconsistencies with the AfCFTA's trade liberalisation modalities and the trade classification standard. Constructing two tariff schedules, one which repairs the offers for compliance with the modalities and another that maximises the import tariff revenue retained as a benchmark, the analysis confirms that the modalities require regions to liberalise strongly, but most opt to liberalise even more and earlier than necessary. Stances towards freer trade, however, differ markedly between regions. Deriving a measure of liberalisation stance from the schedules above and associating it with trade, economic and geographic indicators reveals patterns that suggest potential motivations for the stances of some country groups.
{"title":"The AfCFTA tariff offers: Current state and first revelations about members' stances towards openness and protectionism","authors":"Ole Boysen","doi":"10.1111/twec.13580","DOIUrl":"https://doi.org/10.1111/twec.13580","url":null,"abstract":"Most signatories of the African Continental Free Trade Area (AfCFTA) agreement have submitted tariff concession offers, as published on the AfCFTA Secretariat's website. Over a year since the AfCFTA came into effect, it is time to take stock of these submissions and assess the data with respect to members' stances towards fostering intra‐African trade through openness on the one hand and maintaining protection against competing imports and revenues from import tariffs on the other. Combining the offers with corresponding trade and tariff data, we find that there are both significant data gaps and inconsistencies with the AfCFTA's trade liberalisation modalities and the trade classification standard. Constructing two tariff schedules, one which repairs the offers for compliance with the modalities and another that maximises the import tariff revenue retained as a benchmark, the analysis confirms that the modalities require regions to liberalise strongly, but most opt to liberalise even more and earlier than necessary. Stances towards freer trade, however, differ markedly between regions. Deriving a measure of liberalisation stance from the schedules above and associating it with trade, economic and geographic indicators reveals patterns that suggest potential motivations for the stances of some country groups.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140932982","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Modern Regional Trade Agreements (RTAs) include, among other chapters, ones concerning sanitary and phytosanitary (SPS) measures and technical barriers to trade (TBT). Drawing on recent literature highlighting the relationship between “deep” RTAs and the global organisation of production, this paper empirically investigates whether these SPS and TBT provisions affect multinational production in the food, beverages and tobacco industry. To this end, we combine two different databases to estimate, in a panel gravity framework, both the intensive and extensive margins of multinational production. Because the extensive margin of multinational production may be persistent, a dynamic probit specification is used. Our results show that legally enforceable SPS sections in RTAs, in particular, influence multinational production, though with a rather differentiated pattern in terms of intensive and extensive margins; further, the impact changes depending on the country of origin and destination.
{"title":"Liberalising non‐tariff measures through regional trade agreements: The impact on multinational production","authors":"Valentina Raimondi, Margherita Scoppola","doi":"10.1111/twec.13582","DOIUrl":"https://doi.org/10.1111/twec.13582","url":null,"abstract":"Modern Regional Trade Agreements (RTAs) include, among other chapters, ones concerning sanitary and phytosanitary (SPS) measures and technical barriers to trade (TBT). Drawing on recent literature highlighting the relationship between “deep” RTAs and the global organisation of production, this paper empirically investigates whether these SPS and TBT provisions affect multinational production in the food, beverages and tobacco industry. To this end, we combine two different databases to estimate, in a panel gravity framework, both the intensive and extensive margins of multinational production. Because the extensive margin of multinational production may be persistent, a dynamic probit specification is used. Our results show that legally enforceable SPS sections in RTAs, in particular, influence multinational production, though with a rather differentiated pattern in terms of intensive and extensive margins; further, the impact changes depending on the country of origin and destination.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"29 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140840667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper presents a pioneering study that addresses the insufficient attention given to trademark rights in current indices that evaluate the protection of intellectual property rights (IPRs). Our study sets itself apart from previous measures by defining the strength of trademark protection as the level of applicant friendliness within a country's trademark system. We introduce the innovative trademark protection strength (TPS) index, which focuses on 78 countries spanning from 1990 to 2020. Drawing on established theoretical components of the patent system, we deconstruct the TPS index into four distinct dimensions: international mechanisms, legislation, enforcement and administration. Our findings reveal the growth and subsequent stabilisation of global trademark protection strength, with reduced disparities observed after 2005. Importantly, we identify variations in improvement rates among countries with different income levels, thereby highlighting the influence of economic factors. By providing a detailed methodology and transparent construction of the TPS index, we ensure its replicability and potential for future expansion. The index's objective data and extended coverage facilitate the examination of various configurations of IPR systems, policy designs and their impact on the global economy.
{"title":"International trademark protection strength: 1990–2020","authors":"Wantao Chen, Xiang Yu, Wei Yang","doi":"10.1111/twec.13579","DOIUrl":"https://doi.org/10.1111/twec.13579","url":null,"abstract":"This paper presents a pioneering study that addresses the insufficient attention given to trademark rights in current indices that evaluate the protection of intellectual property rights (IPRs). Our study sets itself apart from previous measures by defining the strength of trademark protection as the level of applicant friendliness within a country's trademark system. We introduce the innovative trademark protection strength (TPS) index, which focuses on 78 countries spanning from 1990 to 2020. Drawing on established theoretical components of the patent system, we deconstruct the TPS index into four distinct dimensions: international mechanisms, legislation, enforcement and administration. Our findings reveal the growth and subsequent stabilisation of global trademark protection strength, with reduced disparities observed after 2005. Importantly, we identify variations in improvement rates among countries with different income levels, thereby highlighting the influence of economic factors. By providing a detailed methodology and transparent construction of the TPS index, we ensure its replicability and potential for future expansion. The index's objective data and extended coverage facilitate the examination of various configurations of IPR systems, policy designs and their impact on the global economy.","PeriodicalId":75211,"journal":{"name":"The World economy","volume":"79 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140675162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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