Publications
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2 Publications found…
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Working Paper 30 January 2024
The consequences of a trade collapse: Economics and politics in Weimar Germany
By Giovanni Facchini and Björn Brey et al.
View postSummary CITP publication
What are the political consequences of de-globalization? This paper uses newly digitized data of Weimar Germany to reveal that the Nazi party vote surge between 1928-1932 was not driven by the direct effects of the export decline in manufacturing areas but that the trade shock-induced declines in food prices spread economic hardship to rural hinterlands.
Topics
None.
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Academic Paper 16 August 2022
The political economy of preferential trade agreements: An empirical investigation
By Giovanni Facchini et al.
View postSummary Pre-CITP publication
The authors develop a political economy model to study the decision of representative democracies to join a preferential trading agreement, distinguishing between free trade areas and customs unions. Their theoretical analysis shows that bilateral trade imbalances and income inequality are important factors determining the formation of preferential trading agreements, whereas the patterns of geographic specialisation explain whether a customs union or a free trade area will emerge. The empirical analysis—using a comprehensive panel dataset spanning 187 countries over the period 1960–2015—provides strong support for these predictions.
Topics