ln recent years, the trend of politicization of trade has become increasingly fierce. The reasons are as follows: firstly, at the ideological level, it is caused by the zero-sum game thought prevailing in the international society dominated by the…
When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…
Background
Globalisation has brought significant benefits to countries’ industrialisation, but its impact has not been uniform. Policymakers in developing countries have increasingly focused on sound institutions’ role in offsetting the potential…