Search results for "international trade"
showing 10 items of 246 documents
From EFTA to EC/EU and Back to EFTA? The European Economic Area (EEA) As a Possible Scenario for the UK-EU Relations After Brexit
2018
Brexit is announced to take place and it appears, that the most probable scenario for the UK is the “Norway-Option”, i.e., to (again) become a member of the European Free Trade Association (EFTA) and join the EEA. The chapter identifies the major claims of the leave-campaign to analyse, whether by doing so, the Brexit proponents will achieve what they campaigned for. Furthermore, the paper explains the functioning of the EEA, exploring the potential changes for the UK, the EU, and the EEA/EFTA.
Outward Investments and Productivity: Evidence from European Regions
2016
Castellani D. and Pieri F. Outward investments and productivity: evidence from European regions, Regional Studies. Using a novel data set on international investment projects, this paper builds measures of outward foreign direct investments (FDIs) for 262 regions of the European Union. This allows as estimation to be made of regressions of productivity growth over the 2007–11 period as a function of the number of FDIs. The number of outward FDIs in manufacturing activities is negatively associated with productivity growth in the home region, but investments in sales, distribution and marketing are associated with a boost in local productivity. This is driven especially by investments toward…
From Neo-Functional Peace to a Logic of Spillover in EU External Policy: A Response to Visoka and Doyle
2017
In their recently published JCMS article, Gezim Visoka and John Doyle have proposed the concept of ‘neofunctional peace’ as a means to conceptualize the EU's peacemaking practices in the case of the EU-facilitated Belgrade-Pristina dialogue. This article challenges the ‘neo-functional peace’ on conceptual and empirical grounds. We critically discuss Visoka and Doyle's (2016) reading of neofunctionalism and question parts of their empirical evidence given for the existence of a ‘neo-functional peace’. Going beyond a mere critique of the article by Visoka and Doyle and arguing that the authors may not have fully exploited neofunctionalism's potential for theorizing EU external policy, we stip…
How the country-of-origin impacts wine traders’ mental representation about wines: A study in a world wine trade fair
2020
Using data collected at a world wine trade fair, we study how the country-of-origin impacts wine traders’ mental representation about wines. In the analysis we use traditional exporters in Old (France) and New (Argentina) world wine countries in comparison to non-traditional exporters in Old (Switzerland) and New (Brazil) world wine countries. Three main findings are reported. First, the country-of-origin of wines was more important on guiding participants’ representations, than the category of countries the traders came from. Second, participants’ evocations were more precise and specific for traditional wine-exporting countries than for less traditional wine exporting countries. Finally, …
Cross-autocorrelations in European stock returns
2016
This paper examines lead-lag relationships between monthly index returns from 18 European industries. Several interesting and clear relationships are found that call into question the efficiency of European stock markets. While the Automobiles & Parts sector lags more than half of the other sectors, the Financial Services, Technology, and Telecommunications sectors lead many others. In particular, the leadership of the Technology sector has strengthened in recent years.
The potential impact of Brexit on Ireland's demand for shipping services to continental Europe
2018
Abstract Ireland, as an island nation, has historically relied on the UK landbridge to export and import its goods to and from Europe. This provides a fast, reliable and secure service along the UK landbridge route relative to the more economical and less frequent direct continental route. However, the relative competitiveness of maritime services along both routes may be significantly influenced by the UK exit from the European Union or Brexit. This paper aims to understand the potential impact of Brexit on maritime freight transport demand from Ireland to continental Europe for export trade shipments. Based on data collected from an efficient stated preference (SP) experiment, discrete ch…
Screening of Foreign Direct Investment and the States’ Security Interests in Light of the OECD, UNCTAD and Other International Guidelines
2021
AbstractThis chapter analyses the concept of the “national security interest”, which is widely recognised as allowing a state to determine which areas of its economy are restricted or prohibited to foreign investors. This chapter seeks to identify what constitutes a threat for a state and how that threat is managed both domestically and internationally. Despite the recognition of a state’s right to take measures it considers essential to its security, there are limits. The rules established by the Organisation for Economic Co-operation and Development (OECD) and the United Nations Conference on Trade and Development (UNCTAD) and other international instruments are non-binding but can serve …
Domestic Policies in Self-Enforcing Trade Agreements
2012
If all cross-country externalities travel through the terms-of-trade, efficient trade agreements target the terms-of-trade but ignore domestic policies. This argument has been advanced by prominent studies on trade agreements. The present paper shows that its logic fails if production possibilities are intertemporally linked -- for example, under dynamic factor accumulation. In this case, past policies shape current production possibilities and thus affect defection temptations. Therefore, self-enforcing trade agreements that leave the choice of domestic policies to individual countries risk that countries abandon the zone of voluntarily cooperation while optimizing their policies. Conseque…