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Russia's invasion in Ukraine has led to substantial restrictions on exports to Russia, which some East Asian economies have joined. We review the importance of East Asian economies as providers of technology imports for Russia and present a preliminary analysis on the development of Russian...
Based on highly disaggregated customs data from 2016–19, this paper investigates the impact of the China–U.S. trade war on the exports of Chinese firms, from the perspective of the extensive margin of product scope. The paper finds that the rise in U.S. import tariffs during the trade war led to...
Market efficiency can be enhanced by market liquidity if it promotes value creation, leading to increasing stock returns. A positive relation between liquidity and stock returns implies capital movement towards more efficient investment at a low cost for value creation. Existing studies are...
Chinese investment abroad has grown significantly in connection with the Belt and Road Initiative (BRI). This paper tries to answer two questions: First, what considerations gave birth to the BRI? And second, what are the project's economic effects in terms of capital flows and international...
Using data from the Department of Statistics Malaysia from 1987 to 2018 and decompositions that take account of both the static and dynamic efficiency gains from labor reallocation, this study documents that Malaysia has undergone structural transformation from an agriculture-driven to a...
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