Disrupted Economic Relationships: Disasters, Sanctions, Dissolutions

Disrupted Economic Relationships: Disasters, Sanctions, Dissolutions

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Overview

Empirical studies and theoretical analyses examine the causes and consequences of disruptions in cross-border economic relationships, including political conflict, economic sanctions, and institutional collapse.

Cross-border economic relationships gradually strengthened in the decades after World War II; for most of the postwar period, international trade and investment have grown faster than output, a process often termed “globalization.” In recent years, however, economic relationships have grown more fragile, subject to disruption by such factors as political conflict, economic sanctions, and the dissolution of institutional arrangements. This timely CESifo volume offers empirical studies and theoretical analyses that examine the causes and consequences of these disrupted economic relationships.

Contributors propose a new theoretical framework for understanding the economic impact of intergroup conflict and develop a predictive model to analyze the contagion of regional wars. They offer empirical studies of the economic effect of targeted sanctions and boycotts, including those imposed upon Iran, Russia, and Myanmar; argue provocatively that natural disasters are associated with increased international trade; analyze trade duration, finding previously identified explanatory factors to be insufficient for explaining variations in trade survival over time; and critically review the hypothesis that oil was a crucial factor in the collapse of the Soviet Union.

Contributors
Daniel P. Ahn, Tibor Besedeš, Kilian Heilmann, Wolfgang Hess, Julian Hinz, Melise Jaud, Tristan Kohl, Madina Kukenova, Chenmei Li, Rodney D. Ludema, Volker Nitsch, Maria Persson, Chiel Klein Reesink, Arthur Silve, Enrico Spolaore, Martin Strieborny, Marvin Suesse, Peter A. G. van Bergeijk, Thierry Verdier, Romain Wacziarg

Product Details

ISBN-13: 9780262039895
Publisher: MIT Press
Publication date: 05/07/2019
Series: CESifo Seminar SeriesSeries Series
Pages: 304
Product dimensions: 6.30(w) x 9.10(h) x 1.00(d)
Age Range: 18 Years

About the Author

Tibor Besedeš is Associate Professor in the School of Economics at Georgia Institute of Technology.

Volker Nitsch is Professor for International Economics at Darmstadt University of Technology.

Tibor Besedeš is Associate Professor in the School of Economics at Georgia Institute of Technology.

Volker Nitsch is Professor for International Economics at Darmstadt University of Technology.

Enrico Spolaore is is Professor of Economics at Tufts University.

Dr. Daniel P. Ahn is Professorial Lecturer at Johns Hopkins School of Advanced International Studies and a consultant for the U.S. government. He previously led the Office of the Chief Economist at the U.S. Department of State and was Chief Commodities Economist at Citibank.

Table of Contents

Series Foreword vii

Acknowledgments ix

Introduction Tibor Besedes Volker Nitsch 1

1 The Political Economy of Heterogeneity and Conflict Enrico Spolaore Romain Wacziarg 7

2 Regional Fragility Clusters: State Capacity and Civil Conflicts Arthur Silve Thierry Verdier 45

3 The Cost of Sanctions: Estimating Lost Trade with Gravity Julian Hinz 77

4 Sticks and Stones: Sanction Threats, Impositions, and Their Effect on International Trade Tristan Kohl Chiel Klein Reesink 103

5 Measuring Smartness: The Economic Impact of Targeted Sanctions against Russia Daniel P. Ann Rodney D. Ludema 131

6 Political Conflict and Service Trade Kilian Heilmann 155

7 Do Natural Disasters Increase International Trade? Chenmei Li Peter A. G. van Bergeijk 169

8 Exploring the Long-Term Evolution of Trade Survival Wolfgang Hess Maria Persson 191

9 Finance and Export Survival: The Case of the MENA Region and Sub-Saharan Africa Melise Jaud Madina Kukenova Martin Strieborny 219

10 Did an Oil Shock Cause the Collapse of the Soviet Economy? Marvin Suesse 249

Contributors 273

Index 275

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