1 month ago | By The World Economy
Abstract
China established several Pilot Free Trade Zones in recent years as a major step to deepen trade liberalization. In this paper, we investigate the impact of FTZs on the economy's capital flow, imports and exports, as well as the underlying mechanisms. We consider the newly established FTZs as a natural experiment and construct a difference-in-difference model with the staggered establishment dates of the FTZs. Our results show that FTZs promote local foreign direct investment and outward foreign direct investment , but their influence on goods exports and imports remains limited.
Read more ...
While it's not getting nearly the same headlines as Squid Game, Netflix absolutely has a new Korean superhit on its hands with The Glory, a revenge thriller that recently... Read more ...
The "American Idol" judges weren't asking, "Who's That Girl?" when singer songwriter Kaya Stewart auditioned for a spot on Season 21. Instead, it was all about the identity of... Read more ...
Anthony Volpe's productive spring training earned him a spot on the Yankees' opening day roster. Read more ...
Angel City FC proved that investing in women's sports is good business. Monarch Collective is a new, $100-million fund that plans to further that success. Read more ...
This week, Dana is joined by Musician and Co-Host of The Ramsey Show , Jade Warshaw for a conversation on how to reclaim your finances. Jade retells the moment she realized she... Read more ...
Gov. Maura Healey has named a new GM for the MBTA, appointing Phillip Eng, a former top executive at the New York City transportation system, to lead the embattled... Read more ...
Luxury Italian bedding and lifestyle brand SFERRA has opened a 26,000-square-foot store, its first physical retail location in the Flatiron District, in a three level... Read more ...
Our experts answer readers' tax questions and write unbiased product reviews. In some cases, we receive a commission from our partners ; however, our opinions are our own... Read more ...
Insider Events This 30-minute live conversation with expert women in tech will inspire audiences to transform the industry and break the glass ceiling. Hear insights into... Read more ...
While scientists have developed energy prototypes, the technologies need the entrepreneurial spirit to get it from the lab to the market. Meet 'Cradle to Commerce, which aims... Read more ...