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  • Economics  (3)
  • QM 230  (3)
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  • Economics  (3)
RVK
  • 1
    Online Resource
    Online Resource
    Kick‐starting diffusion: Explaining the varying frequency of preferential trade agreements’ environmental provisions by their initial conditions
    Wiley ; 2019
    In:  The World Economy Vol. 42, No. 9 ( 2019-09), p. 2602-2628
    Details
    In: The World Economy, Wiley, Vol. 42, No. 9 ( 2019-09), p. 2602-2628
    Abstract: Most recent preferential trade agreements ( PTA s) include environmental provisions. While a number of these environmental provisions remain rare and are incorporated in just a few PTA s, others are widely popular and are duplicated in more than 100 PTA s. We still lack a convincing explanation for this varying frequency. While the diffusion literature typically tries to explain how diffusion occurs, we investigate why certain provisions diffuse more often than others. We hypothesise that the initial conditions under which provisions first emerge determine the scope of their diffusion. Our results support this hypothesis and indicate that provisions originating from intercontinental agreements diffuse more often than others. At the same time, provisions first designed by economically powerful or environmentally credible countries are not related to more frequent occurrences of diffusion. These findings are of interest for the literatures on international institutions' design, interaction and diffusion.
    Type of Medium: Online Resource
    ISSN: 0378-5920 , 1467-9701
    URL: Issue
    URL: Article
    DOI: 10.1111/twec.v42.9
    DOI: 10.1111/twec.12822
    RVK:
    QG 000
    RVK:
    QM 000
    RVK:
    QA 10000
    RVK:
    QM 230
    Language: English
    Publisher: Wiley
    Publication Date: 2019
    detail.hit.zdb_id: 132896-7
    detail.hit.zdb_id: 1473825-9
    detail.hit.zdb_id: 1285850-X
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  • 2
    Online Resource
    Online Resource
    The macroeconomic role of currency reserve accumulation in emerging markets—The Asian experience
    Wiley ; 2018
    In:  The World Economy Vol. 41, No. 1 ( 2018-01), p. 77-99
    Details
    In: The World Economy, Wiley, Vol. 41, No. 1 ( 2018-01), p. 77-99
    Abstract: The impact of currency reserve accumulation is controversially discussed since reserve accumulation potentially destabilises the international financial system and causes crises due to higher systemic risk. The main aim of this paper is to put the macroeconomic role of currency reserve accumulation for four Asian economies under closer scrutiny. The key question is whether accumulating currency reserves is beneficial from a long‐run perspective. Based on a vector error correction approach, we start by analysing long‐run steady‐state relationships between currency reserves, exchange rates against the US dollar, real GDP and interest rates. Our findings show that cumulated currency reserve shocks significantly affect real GDP . A likely explanation for our finding is that accumulation of reserves has supported growth through providing liquidity and supporting the development of the financial sector for the economies under observation.
    Type of Medium: Online Resource
    ISSN: 0378-5920 , 1467-9701
    URL: Issue
    URL: Article
    DOI: 10.1111/twec.2018.41.issue-1
    DOI: 10.1111/twec.12497
    RVK:
    QG 000
    RVK:
    QM 000
    RVK:
    QA 10000
    RVK:
    QM 230
    Language: English
    Publisher: Wiley
    Publication Date: 2018
    detail.hit.zdb_id: 132896-7
    detail.hit.zdb_id: 1473825-9
    detail.hit.zdb_id: 1285850-X
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
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  • 3
    Online Resource
    Online Resource
    Can the G20 serve as a launchpad for a multilateral investment agreement?
    Wiley ; 2021
    In:  The World Economy Vol. 44, No. 8 ( 2021-08), p. 2284-2302
    Details
    In: The World Economy, Wiley, Vol. 44, No. 8 ( 2021-08), p. 2284-2302
    Abstract: The international system for the governance of foreign investments is highly fragmented consisting mainly of bilateral agreements. With the adoption of nine guiding principles for global investment policy‐making in 2016, some observers argue that the G20 can actually serve as a launchpad for negotiations of a multilateral investment agreement. This paper provides empirical evidence on the question of whether the contents of international investment agreements (IIAs) have gradually converged to facilitate the multilateralisation of investment rules. We find that IIAs negotiated among non‐G20 countries are more similar to each other than those concluded by G20 countries in general and even more so since 2000 in particular. This result calls into question the premise that the G20 can serve as the most suitable forum to initiate multilateral negotiations on multilateral investment rules. Instead, an extended analysis using different country grouping criteria suggests that the Member States of the European Union may be a more suitable alternative in this regard. Here, the EU can jointly take a leading role in facilitating related negotiations on multilateral investment rules.
    Type of Medium: Online Resource
    ISSN: 0378-5920 , 1467-9701
    URL: Issue
    URL: Article
    DOI: 10.1111/twec.v44.8
    DOI: 10.1111/twec.13114
    RVK:
    QG 000
    RVK:
    QM 000
    RVK:
    QA 10000
    RVK:
    QM 230
    Language: English
    Publisher: Wiley
    Publication Date: 2021
    detail.hit.zdb_id: 132896-7
    detail.hit.zdb_id: 1473825-9
    detail.hit.zdb_id: 1285850-X
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Availability (electronic / print)
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