The World Economy

1978 - 2025

Current editor(s): David Greenaway

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Volume 48, month 02, 2025

How do export credit services shape firm growth? pp. 214-237

Jung Hur and Haeyeon Yoon

Has trade facilitation of the ‘Belt and Road’ countries promoted China's cross‐border E‐commerce exports? pp. 238-266

Ping Guo, Hanny Zurina Hamzah and Chin Lee

Local credit and international trade pp. 267-299

Joseph Vavrus and Nan Xu

Why is the Roy–Borjas model unable to predict international migrant selection on education? Evidence from urban and rural Mexico pp. 300-322

Stefan Leopold, Jens Ruhose and Simon Wiederhold

Foreign competition and export diversification: Evidence from domestic firms in China pp. 323-346

Xuefeng Wang, Haiyun Liu and Lixia Wang

Globalisation and national commodity cycles: The case of wine in Australia pp. 347-372

Kym Anderson

The spillover effect of global uncertainty through input–output linkage pp. 373-401

Soonchan Park and Innwon Park

Quality competition between traditional and online sellers pp. 402-413

Yoonho Choi and E. Kwan Choi

Volume 48, month 01, 2025

New Editorial Team for The World Economy pp. 2-2

David Greenaway and Chris Milner

Beyond coercion: Weaker states' domestic political motivations for political clauses in preferential trade agreements pp. 3-26

Lisa Lechner and Joonseok Yang

A better environment at the expense of export growth: A supply‐chain linkage perspective pp. 27-59

Xinghua Deng, Li Shu and Wei Wang

The pro‐competitive effects of indirect export exposures: Evidence from China pp. 60-89

Jie Li and Angdi Lu

Border carbon adjustment (BCA) and heterogeneous firms trade pp. 90-118

Minsu Kim

Carbon border adjustments or climate clubs: Impacts on African agricultural sectors under different cooperative scenarios pp. 119-152

Andrea M. Bassi, Francesco Calciolari, Valeria Costantini, Mariagrazia D'Angeli and Elena Paglialunga

FDI and product and process innovation of SMEs in Vietnam: The role of institutions pp. 153-187

Minh Ngoc Nguyen, Sizhong Sun and Riccardo Welters

Public health emergencies and international trade in the context of global value chains: Evidence from COVID‐19 in China pp. 188-212

Bo Lu, Xiaohua Bao and Cai Wang

Volume 47, month 12, 2024

The impact of unilateral tax treaty terminations on FDI pp. 4464-4486

Dmitry Erokhin

The effects of foreign direct investment on human capital accumulation—Evidence from China pp. 4487-4515

Yan Liu

The effect of soaring housing prices on the quality of export products: Evidence from China pp. 4516-4546

Yousen Jin, Haitao Mao and Sam Hak Kan Tang

Do tax incentives for innovation attract high‐technology investment from emerging markets? Evidence from China's outward foreign direct investment pp. 4547-4569

Shuzhong Ma, Kai Liu and Peng Wu

Does inward FDI improve the labour‐allocation efficiency of local firms? Evidence from China pp. 4570-4600

Qing Shi, Yong Tan, Xin Zhao and Linke Zhu

Air pollution and firms' export product quality: Evidence from China pp. 4601-4622

Bo Chen, Zhenyu He and Yuwei Tang

When market leads innovation: The interplay of internationalisation, innovation and productivity among Swedish wood manufacturing SMEs pp. 4623-4652

Mojtaba Hosseini, Staffan Brege and Tomas Nord

Volume 47, month 09, 2024

How do we make trade policy in Britain? How should we? pp. 3650-3680

L. Winters

The trade effect of regional trade agreements in the presence of duty drawbacks pp. 3681-3708

Kazunobu Hayakawa, Nuttawut Laksanapanyakul and Hiroshi Mukunoki

COVID‐19 and global value chains: A discussion of arguments on value chain organisation and the role of the WTO pp. 3709-3746

Marc Bacchetta, Eddy Bekkers, Roberta Piermartini, Stela Rubínová, Victor Stolzenburg and Ankai Xu

Offshoring and the dynamics of employment, production, and imports: Evidence from the German International Sourcing Survey pp. 3747-3779

Wolfhard Kaus and Markus Zimmermann

The impact of industrial robots on export stability pp. 3780-3808

Hua Zhou, Jiachen Fan and Tian Gan

The delayed impact of containers on U.S. international trade growth pp. 3809-3835

Benjamin Bridgman

Are sanctions costly for the energy industry of sanctioning states? A difference‐in‐differences approach to sanctions during the Russia–Ukraine war pp. 3836-3860

Phuc Van Nguyen, Vu Minh Ngo and Huan Huu Nguyen

Trade Policy Review of Turkey pp. 3861-3892

Serdar Altay

Absolute and size‐adjusted trade flows: An analysis of RTAs and GATT/WTO membership pp. 3893-3908

Samuel Braithwaite

Cheaper and faster: The role of air services agreements on transportation pp. 3909-3928

Charlotte Emlinger and Amelie Guillin

How altruism works during a pandemic: Examining the roles of financial support and degrees of individual altruism on international remittance pp. 3929-3965

Nobuyuki Nakamura and Aya Suzuki

Trade policy uncertainty and capacity utilisation rate: Firm‐level evidence from China's WTO accession pp. 3966-3997

Qilin Mao, Jiayun Xu and Yiming Zhong

International trade and income convergence: Meta‐analysis pp. 3998-4018

Sarah Damásio, Óscar Afonso, Pedro Cunha Neves and Elena Sochirca

COVID‐19 vaccine variety and dimensions of risks: What factors induced nations to introduce multiple vaccines? pp. 4019-4037

Rajeev Goel, James R. Jones and Salvatore Capasso

Intra‐African trade and corruption: Evidence from sub‐Saharan African countries pp. 4038-4060

Whelsy Boungou, Francis Osei‐Tutu and Amara Zongo

Taxation of MNE profits in an R&D driven economy: Beneficial tax havens and minimum taxes pp. 4061-4087

Malte Lüttmann

Why does international vertical specialisation affect within‐firm skill premium in China? Investigation and interpretation pp. 4088-4110

Bo Chen

Volume 47, month 08, 2024

Turning green through within‐firm adjustment: Evidence from environmental court in China pp. 3280-3307

Xiang Gao, Suhua Tian, Huanhuan Wang and Xuan Wang

Liberalising non‐tariff measures through regional trade agreements: The impact on multinational production pp. 3308-3338

Valentina Raimondi and Margherita Scoppola

The AfCFTA tariff offers: Current state and first revelations about members' stances towards openness and protectionism pp. 3339-3363

Ole Boysen

African continental free trade area and greenfield investment: Likely effect and transmission channels pp. 3364-3393

Anirudh Shingal and Maximiliano Mendez‐Parra

Global shocks and the dynamics of EU countries' specialisation pp. 3394-3420

Simona Comi, Mara Grasseni and Laura Resmini

Environmental regulations in developing countries and the span of firms' production stages: Evidence from China pp. 3421-3449

Shuijun Peng, Lamei Wu and Liang Zhang

Geopolitical risk, supply chains, and global inflation pp. 3450-3486

Omid Asadollah, Linda Schwartz Carmy, Md. Rezwanul Hoque and Hakan Yilmazkuday

‘From aspirations for climate action to the reality of climate disasters’: Can remittances play key role in disaster response? pp. 3487-3510

Farid Makhlouf and Refk Selmi

Indirect channel of trade agreements in deepening global value chains pp. 3511-3550

Jong Woo Kang and Joshua Anthony O. Gapay

Internet linkage and international trade: From the perspective of risk alleviation pp. 3551-3577

Jie Duan and Zengxi Hu

How will global trade patterns evolve in the long run? pp. 3578-3617

Eddy Bekkers, Erwin Corong, Jeanne Métivier and Daniil Orlov

Do firms hedge against political tensions? Evidence from Chinese food importers of Norwegian salmon pp. 3618-3647

Haoran Li, Xibo Wan and Wendong Zhang

Volume 47, month 07, 2024

The return of industrial policy in data pp. 2762-2788

Simon Evenett, Adam Jakubik, Fernando Martín and Michele Ruta

FDI, financial constraint and partial ownership pp. 2789-2827

Tadashi Ito, Michael Ryan and Ayumu Tanaka

Robots in action pp. 2828-2854

Taraneh Shahin, María Teresa Ballestar de las Heras and Ismael Sanz

Crisis averted: Cross‐market reallocation during the great trade collapse pp. 2855-2870

Atle Oglend, Frank Asche and Hans‐Martin Straume

Economic costs of friendshoring pp. 2871-2908

Beata Javorcik, Lucas Kitzmüller, Helena Schweiger and Muhammed A. Yıldırım

Deep trade agreements and services trade: An analysis based on service trade provisions pp. 2909-2946

Qifei Chen and Yanzhi Shen

Export competition between China and Latin America and the Caribbean in the United States market pp. 2947-2969

Lennard Welslau, Raquel Artecona and Daniel E. Perrotti

Assessing the effect of the Round Table on Responsible Soy certification on soybean exports pp. 2970-2994

Yuquan Chen, Dela‐Dem Doe Fiankor and Fuli Tan

Export controls and innovation performance: Unravelling the complex relationship between blacklisted Chinese firms and U.S. suppliers pp. 2995-3033

Sajid Anwar, Beibei Hu, Qiao Luan and Kai Wang

Lexical distance and the diffusion of technology pp. 3034-3075

Evan Wigton‐Jones

Evaluation of economic inequality in ‘the Belt and Road’ region – The application of night‐time satellite imagery pp. 3076-3096

Zhen Yang, Lu Zhang, Chengkun Liu, Yu Chen, Rongwei Wu and Yaomin Zheng

Negotiating over the rules of origin in regional trade agreements in Asia pp. 3097-3119

Kazunobu Hayakawa, Fukunari Kimura, Hiroshi Mukunoki and Shujiro Urata

Globalisation and informality: The role of quality gap and social contributions pp. 3120-3149

Rihab Bellakhal, Hend Ghazzai and Rim Lahmandi‐Ayed

Sensitivity of bilateral trade between Korea and China to exchange rate fluctuations: Insights from the semiconductor industry pp. 3150-3167

Jungho Baek, Shanyu Piao and Soojoong Nam

International trademark protection strength: 1990–2020 pp. 3168-3198

Wantao Chen, Xiang Yu and Wei Yang

International managerial skill and big Colombian exporting firms' performance, 2006–2014 pp. 3199-3243

Federico Alberto Merchán Álvarez

Detecting learning from importing: The effect of importing behaviour on R&D expenditures of Chinese firms pp. 3244-3278

Zhiyuan Chen, Jingtao Yi and Jinchao Huang

Volume 47, month 06, 2024

Estimating the landlocked penalty for international trade pp. 2220-2235

Pratistha Gyawali

Competition policy and firm productivity: Quasi‐experimental evidence from China pp. 2236-2263

Yihao Chen, Siying Ding, Yongzheng Liu and Guangliang Ye

The effect of inequality of opportunity on entrepreneurship: Evidence from China pp. 2264-2286

Guangsu Zhou and Lizhong Liu

Fiscal federalism and foreign direct investment – An empirical analysis pp. 2287-2331

Lars Feld, Ekkehard A. Köhler, Leonardo Palhuca and Christoph Schaltegger

Using synthetic control method to estimate the growth effects of economic liberalisation: Evidence from transition economies pp. 2332-2360

Jaroslaw Kantorowicz and Rok Spruk

The effect of obtaining EU citizenship in former transition economies on remittance flows pp. 2361-2399

Luca Pieroni and Melcior Rossello Roig

Labour market flexibility and domestic value‐added trade: Evidence from the hukou reform in China pp. 2400-2444

Wenxiao Wang, Faqin Lin, Fengning Huan and Yanyun Li

Monetary union in Southeast Asia: An assessment of the optimum currency area theory pp. 2445-2475

Kurt Hafner

Impact of terror on international trade in financial services: Does the development of financial institutions matter? pp. 2476-2514

Cong S. Pham and Hoa Nguyen

Import competition, state‐owned enterprise prevalence and employment: Evidence from China pp. 2515-2535

Ting Zhu and Tan Li

Financial distance and FDI flows: Evidence from OECD economies pp. 2536-2573

Konstantinos Dellis

Pass‐through to export prices: Evidence from Australia† pp. 2574-2607

Prasad Bhattacharya

Does offshoring raise female employment in a developing country? Evidence from Indonesian manufacturing plants pp. 2608-2630

Hyejoon Im and Hisamitsu Saito

Structural transformation and inequality: Does trade openness matter? pp. 2631-2663

Wannaphong Durongkaveroj

Remittances and inequality: A meta‐analytic investigation pp. 2664-2705

Amar Anwar, Colin F. Mang and Sonia Plaza

Comparing alternative China and the US arrangements with CPTPP pp. 2706-2740

Chunding Li, Xin Lin and John Whalley

Steel, security and the WTO Dispute Settlement Mechanism: A trade catastrophe in the making pp. 2741-2759

Kenneth A. Reinert

Volume 47, month 05, 2024

Estimating the effects of trade agreements: Lessons from 60 years of methods and data pp. 1771-1799

Mario Larch and Yoto Yotov

Product mix adjustments and import competition in Vietnam's manufacturing industries pp. 1800-1826

Tien Dzung Nguyen, The Kien Nguyen and Xuan Nam Vu

Foreign direct investment (FDI) and environmental quality: Is greenfield FDI greener than mergers and acquisitions FDI? pp. 1827-1850

Dung Ly‐My, Thai‐Ha Le and Donghyun Park

The evolving international effects of China's government spending pp. 1851-1869

Wen Zhang

Regulatory convergence within technical barriers to trade pp. 1870-1915

Mahdi Ghodsi

Does Belt and Road Initiative attract Cross‐Border M&As from other countries? pp. 1916-1942

Chaoqun Zhan, Hanxi Wang and Chenxue Hou

The impact of interstate soft conflicts on bilateral trade flows using structural gravity model pp. 1943-1977

Tamar Taralashvili

The international trade in human vaccines before COVID‐19 pp. 1978-2008

Agustí Segarra‐Blasco, Mercedes Teruel and Sebastiano Cattaruzzo

Uncertainty of supply chains: Risk and ambiguity pp. 2009-2033

d'Artis Kancs

What's the influence of input's variation? Estimating the input elasticity in the global value chain pp. 2034-2062

Xian‐nan Cheng, Shuhui Wen, Nuobing Fan, Yuwei Liu and Yujing Wang

Firm innovation under import competition from low‐wage countries pp. 2063-2093

Ujjayant Chakravorty, Runjuan Liu, Ruotao Tang and Long Zhao

EU agriculture under an import stop for food and feed pp. 2094-2121

Ferike Thom, Alexander Gocht and Harald Grethe

African economic integration and trade pp. 2122-2146

Marie M. Stack, Emmanuel B. Amissah and Martin Bliss

Anti‐dumping policy in Japan: From passive to active and self‐disciplined anti‐dumping actions pp. 2147-2177

Chisato Shibayama

Globalisation and carbon dioxide emissions inequality in OECD countries pp. 2178-2193

Jianchun Fang, Giray Gözgör, Mantu Kumar Mahalik, Gupteswar Patel and Xueyin Song

How EU membership affects foreign direct investment: Differences between EU15 and CEE countries pp. 2194-2218

Bettina Meinhart

Volume 47, month 04, 2024

The European Union's Global Gateway: An institutional and economic overview pp. 1326-1335

Simone Tagliapietra

Nowcasting services trade for the G7 economies pp. 1336-1386

Alexander Jaax, Annabelle Mourougane and Frederic Gonzales

Land regulations, innovation and productivity: Firm‐level evidence from China pp. 1387-1426

Huasheng Song and Chao Zhang

Industry selection of regional migrants in China: The role of urban industry structures of home and destination pp. 1427-1459

Xiangjun Ma, Larry Qiu and Hyelim Son

International trade and Ukraine's pursuit of self‐determination pp. 1460-1477

Natalia Boyko, Kjersti Nes and K Aleks Schaefer

Foreign influence: The international transmission of gender equality pp. 1478-1494

C. Austin Davis and Jennifer Poole

The least developed countries' Services Waiver, Aid for Trade for services and services exports pp. 1495-1530

Sèna Kimm Gnangnon

Are software automation and teleworker substitutes? Preliminary evidence from Japan pp. 1531-1556

Richard Baldwin and Toshihiro Okubo

The impact of internet platform usage on firms' exports: New evidence for Turkish firms pp. 1557-1614

Emine Elçin Köten

Service offshoring and its impacts on wages: An occupation‐oriented analysis of Germany pp. 1615-1641

Michael Frenkel and Ngoc Tuyet Ngo

The economic impact of broadband access for small firms pp. 1642-1681

Pantelis Koutroumpis and Danai Sarri

Globalisation, economic growth and quality of infrastructure: New insights pp. 1682-1716

Rasmane Ouedraogo, Hamidous Sawadogo and Issa Dianda

Oman's trade achievements with Singapore given the Gulf–Singapore Free Trade Agreement pp. 1717-1740

Azmat Gani

The impact of foreign demand shocks on organisational hierarchies pp. 1741-1767

Santiago Bonilla and Sašo Polanec

Volume 47, month 03, 2024

Constraints on currency market movements – Implications for the RMB exchange rate regime pp. 858-879

Zhiyuan Liu and Peijie Wang

Ripple effects in regional value chains: Evidence from an episode of the US–China trade war pp. 880-897

Kazunobu Hayakawa, Ju Hyun Pyun, Nobuaki Yamashita and Chih‐hai Yang

The economic growth–travel frequency nexus in China: Importance of the transport Kuznets curve pp. 898-929

Zhilun Jiao, Muhammad Shafiullah, Usman Khalid, Malin Song and Muhammad Shahbaz

Military alliance and international trade: Evidence from NATO enlargement pp. 930-956

Bing Li, Yixuan Ge and Yi‐min Lin

Impacts of globalisation on the adoption of remote work: Evidence from a survey in Japan during the COVID‐19 pandemic pp. 957-982

Eiichi Tomiura and Banri Ito

Interdependence and multilateral economic sanctions pp. 983-1003

Yuying Jin and Xue Meng

Can regional cooperation mitigate the impact of COVID‐19 pandemic on greenfield investments? Evidence from the belt and road initiative pp. 1004-1031

Jing Fang, Yue Lu and Shujie Yao

Does it matter where your ancestor come from? Genetic distance and bilateral foreign direct investment pp. 1032-1054

Wei Liu, Zhihui Zhao, Yan Cui, Fangchen Guo and Yuzhao Wu

Determinants of intangible capital investment in Vietnam: A firm‐level analysis pp. 1055-1088

Qing Li and Long Hai Vo

Globalisation and the fall of markups pp. 1089-1116

Michał Gradzewicz and Jakub Mućk

Do natural resources and foreign direct investment tend to erode or support the development of national institutions? pp. 1117-1146

Grivas Chiyaba and Carl Singleton

The economic costs of cadmium non‐tariff measures for smallholder cocoa farmers in Ecuador pp. 1147-1166

José Luis Vázquez‐deCastro, Eduardo Chávez, Ramón Espinel, Stan Hendrix, Erik Smolders and Miet Maertens

Asymmetric general oligopolistic equilibrium pp. 1167-1190

Ansgar F. Quint and Jonas Rudsinske

Does foreign direct investment benefit local firms? Evidence from a natural experiment study pp. 1191-1246

Cuong Nguyen, Tuyen Tran and Huong Van Vu

FDI, production networks and firm behaviour: Evidence from the South African automotive industry pp. 1247-1273

Yuki Higuchi, Justin Barnes, Anthony Black and Keijiro Otsuka

How exporters neutralised an increase in tariffs pp. 1274-1296

Asier Minondo

COVID‐19 and the distance effect pp. 1297-1323

Faqin Lin, Mengxun Liu and Mohan Zhou

Volume 47, month 02, 2024

Trade misreporting: Evidence from Pakistani importers pp. 390-414

Bilal M. Khan, Karrar Hussain and Zara Liaqat

Skill substitutability, trade with China and college wage premium in Korea pp. 415-439

Jong‐Suk Han, Jong‐Wha Lee and Eunbi Song

Macroeconomic effects of demographic change: From the perspective of China's urbanisation pp. 440-461

Soo Khoon Goh, Koi Wong and Robert McNown

Information asymmetry and dynamic sourcing: Evidence from Chinese firms pp. 462-491

Renjing Chen

Does economic state matter for leverage adjustments? An India–China comparison pp. 492-518

Yukti Bajaj, Smita Kashiramka and Shveta Singh

Automobile exports: Exchange rate, export price and retail price pp. 519-543

Yushi Yoshida and Yuri Sasaki

So close, no matter how far: A spatial analysis of CO2 emissions considering geographic and economic distances pp. 544-566

Lucía Bolea, Adrián Espinosa‐Gracia and Sofía Jimenez

Indian buyers in global markets: Quality, prices and productivity pp. 567-589

Michael A. Anderson, José E. Signoret, Martin H. Davies and Stephen L. S. Smith

Extra‐EU immigrants and labour productivity: New evidence from Italian firms pp. 590-617

Claudia Vittori, Andrea Ricci and Valentina Ferri

Alternative measures of price inflation and the perception of real income in Germany pp. 618-636

Karl‐Friedrich Israel and Gunther Schnabl

Trade sanctions and international market integration: Evidence from the sanctions on Iranian methanol exports pp. 637-663

Olivier Massol, Emmanuel Hache and Albert Banal‐Estañol

The nonlinear relationship between poverty and financial globalisation: A panel quantile regression approach pp. 664-708

Sunny Kumar Singh, Prateek Sharma and Swati Sharma

Digital intensity, trade costs and exports' quality upgrading pp. 709-747

Raphaël Chiappini and Cyrielle Gaglio

The mystery of misreported trade: A novel method to identify distorted trade figures pp. 748-778

Mohammad Farhad, Jakob Madsen, Michael Jetter and Andrew Williams

Does trade policy help or hinder global warming? A case study of Latin America and the Caribbean pp. 779-805

Mauricio Moreira and Marcelo Dolabella

On the economic and political determinants of trade in natural gas pp. 806-836

Markos Farag and Chahir Zaki

How does the reform of rules of origin affect firm performance in importing countries? pp. 837-856

Kazunobu Hayakawa and Kenta Yamanouchi