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LSE Business Review:

World trade remains dangerously dependent on a handful of shipping lanes

The conflict in Iran has been reignited by disagreements about control of a critical shipping lane. But the Strait of Hormuz is not the only chokepoint making global trade vulnerable. Ferdinand Rauch, Stephan Maurer and ...Read more...

CEP discussion paper

The fragility of the global trading system

We use a parsimonious gravity framework to simulate and compare five potential shocks to the global shipping system: closures of the Panama Canal, the Suez Canal, and the Strait of Malacca, and openings of the Northwest ...Read more...

CEP discussion paper

Minimum wages and the China syndrome: causal evidence from US local labor markets

Exposure to Chinese import competition led to significant manufacturing job losses in the United States. Local labor markets, however, differ significantly in how they fared with respect to manufacturing employment. An i...Read more...

CEP discussion paper

Gravity in international finance: evidence from fees on equity transactions

We shed light on the impact of institutional quality and information barriers on trade in financial services using a novel panel data set on revenue earned on domestic and cross-border equity securities underwriting tran...Read more...