About the Speaker:Andrew K. Rose is the B.T. Rocca Jr. Professor of International Business in the Economic Analysis and Policy Group, Haas School of Business at the University of California, Berkeley. He is also a Research Associate of the National Bureau of Economic Research and a Research Fellow of the Centre for Economic Policy Research. He received his Ph.D. from the Massachusetts Institute of Technology. He has published around sixty-five papers in refereed economics journals, including the
American Economic Review, the
Quarterly Journal of Economics, the
Review of Economic Studies, and the
Journal of Finance. His research addresses issues in international trade, finance, and macroeconomics. His teaching is in the areas of international macroeconomics and econometrics. He has organized almost forty academic conferences. He was the managing editor of
The Journal of International Economics from 1995 through 2001, and has been the faculty director of the
Clausen Center for International Business and Policy at Haas since 1994. He has visited a number of other universities, including Princeton, Stockholm, Tel Aviv, INSEAD, London School of Economics, and the European University Institute.
Abstract:We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with such non-economic partnerships also find it easier to engage in economic exchanges since they face the possibility that debt default might also spill over to hinder their non-economic relationships. We present a theoretical model of these ideas, and then verify their empirical importance using a bilateral cross-section of data on international cross-holdings of assets and environmental treaties. Our results support the notion that international environmental cooperation facilitates economic exchange.
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