Geopolitical Risks and Agricultural Trade Diversification in Southern Africa: Port-level Evidence from the Russia-UkraineWar
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.343735
Download full text from publisher
References listed on IDEAS
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008.
"Make Trade Not War?,"
Review of Economic Studies, Oxford University Press, vol. 75(3), pages 865-900.
- Martin, Philippe & Mayer, Thierry & Thoenig, Mathias, 2005. "Make Trade not War?," CEPR Discussion Papers 5218, C.E.P.R. Discussion Papers.
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008. "Make Trade not War?," Post-Print hal-00293018, HAL.
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008. "Make Trade Not War?," Post-Print hal-03415798, HAL.
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008. "Make Trade not War?," PSE-Ecole d'économie de Paris (Postprint) hal-00293018, HAL.
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008. "Make Trade not War?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00293018, HAL.
- Martin, Philippe & Mayer, Thierry & Thoenig, Mathias, 2005. "Make trade not war ?," CEPREMAP Working Papers (Docweb) 0515, CEPREMAP.
- Mathias Thoenig & Thierry Mayer & Philippe Martin, 2022. "Make Trade not War?," Working Papers hal-03588693, HAL.
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008.
"Make Trade Not War?,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(3), pages 865-900.
- Martin, Philippe & Mayer, Thierry, 2005. "Make Trade not War?," CEPR Discussion Papers 5218, C.E.P.R. Discussion Papers.
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008. "Make Trade Not War?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03415798, HAL.
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008. "Make Trade Not War?," Post-Print hal-03415798, HAL.
- Martin, Philippe & Mayer, Thierry & Thoenig, Mathias, 2005. "Make trade not war ?," CEPREMAP Working Papers (Docweb) 0515, CEPREMAP.
- Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008. "Make Trade Not War?," PSE-Ecole d'économie de Paris (Postprint) hal-03415798, HAL.
- Rangan Gupta & Giray Gozgor & Huseyin Kaya & Ender Demir, 2019.
"Effects of geopolitical risks on trade flows: evidence from the gravity model,"
Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(4), pages 515-530, December.
- Ender Demir & Giray Gozgor & Rangan Gupta & Huseyin Kaya, 2018. "Effects of Geopolitical Risks on Trade Flows: Evidence from the Gravity Model," Working Papers 201835, University of Pretoria, Department of Economics.
- Jean-Noël Barrot & Julien Sauvagnat, 2016. "Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(3), pages 1543-1592.
- Antrà s, Pol & Chor, Davin, 2021.
"Global Value Chains,"
CEPR Discussion Papers
15908, C.E.P.R. Discussion Papers.
- Pol Antràs & Davin Chor, 2021. "Global Value Chains," NBER Working Papers 28549, National Bureau of Economic Research, Inc.
- Emmanuel Dhyne & Ayumu Ken Kikkawa & Magne Mogstad & Felix Tintelnot, 2021.
"Trade and Domestic Production Networks,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(2), pages 643-668.
- Magne Mogstad & Emmanuel Dhyne & Ayumu Kikkawa & Felix Tintelnot, 2017. "Trade and Domestic Production Networks," 2017 Meeting Papers 381, Society for Economic Dynamics.
- Felix Tintelnot & Ken Kikkawa & Magne Mogstad & Emannuel Dhyne, 2018. "Trade and Domestic Production Networks," Working Paper Research 344, National Bank of Belgium.
- Felix Tintelnot & Ayumu Ken Kikkawa & Magne Mogstad & Emmanuel Dhyne, 2018. "Trade and Domestic Production Networks," NBER Working Papers 25120, National Bureau of Economic Research, Inc.
- Handley, Kyle & Kamal, Fariha & Monarch, Ryan, 2024.
"Supply chain adjustments to tariff shocks: Evidence from firm trade linkages in the 2018-2019 U.S. trade war,"
Economics Letters, Elsevier, vol. 244(C).
- Kyle Handley & Fariha Kamal & Ryan Monarch, 2023. "Supply Chain Adjustments to Tariff Shocks: Evidence from Firm Trade Linkages in the 2018-2019 U.S. Trade War," NBER Working Papers 31602, National Bureau of Economic Research, Inc.
- Kyle Handley & Fariha Kamal & Ryan Monarch, 2024. "Supply Chain Adjustments to Tariff Shocks: Evidence from Firm Trade Linkages in the 2018-2019 U.S. Trade War," Working Papers 24-43, Center for Economic Studies, U.S. Census Bureau.
- Aisen, Ari & Veiga, Francisco José, 2013.
"How does political instability affect economic growth?,"
European Journal of Political Economy, Elsevier, vol. 29(C), pages 151-167.
- Ari Aisen & Francisco J. Veiga, 2010. "How does political instability affect economic growth?," Working Papers CEB 10-055, ULB -- Universite Libre de Bruxelles.
- Mr. Ari Aisen & Mr. Francisco José Veiga, 2011. "How Does Political Instability Affect Economic Growth?," IMF Working Papers 2011/012, International Monetary Fund.
- Ari Aisen & Francisco José Veiga, 2010. "How does political instability affect economic growth?," NIPE Working Papers 5/2010, NIPE - Universidade do Minho.
- Ari Aisen & Francisco José Veiga, 2010. "How does political instability affect economic growth?," Working Papers Central Bank of Chile 568, Central Bank of Chile.
- Hellerstein, Rebecca & Villas-Boas, Sofia B., 2010.
"Outsourcing and pass-through,"
Journal of International Economics, Elsevier, vol. 81(2), pages 170-183, July.
- Hellerstein, Rebecca & Villas-Boas, Sofia Berto, "undated". "Outsourcing and pass-through," CUDARE Working Papers 120490, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Hellerstein, Rebecca & Villas-Boas, Sofia B., 2010. "Outsourcing and Pass-Through," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt8098p5nq, Department of Agricultural & Resource Economics, UC Berkeley.
- Villas-Boas, Sofia B & Hellerstein, Rebecca, 2010. "Outsourcing and Pass-Through," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt35g7b4jg, Department of Agricultural & Resource Economics, UC Berkeley.
- Qureshi, Mahvash Saeed, 2013.
"Trade and thy neighbor's war,"
Journal of Development Economics, Elsevier, vol. 105(C), pages 178-195.
- Mahvash S Qureshi, 2009. "Trade and Thy Neighbor’s War," IMF Working Papers 2009/283, International Monetary Fund.
- Rebecca Freeman & Richard Baldwin, 2022.
"Risks and Global Supply Chains: What We Know and What We Need to Know,"
Annual Review of Economics, Annual Reviews, vol. 14(1), pages 153-180, August.
- Richard Baldwin & Rebecca Freeman, 2021. "Risks and global supply chains: What we know and what we need to know," NBER Working Papers 29444, National Bureau of Economic Research, Inc.
- Baldwin, Richard & Freeman, Rebecca, 2021. "Risks and global supply chains: What we know and what we need to know," CEPR Discussion Papers 16672, C.E.P.R. Discussion Papers.
- Richard Baldwin & Rebecca Freeman, 2021. "Risks and global supply chains: what we know and what we need to know," Bank of England working papers 942, Bank of England.
- Marc F. Bellemare, 2015. "Rising Food Prices, Food Price Volatility, and Social Unrest," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 97(1), pages 1-21.
- Chantal Le Mouël & Agneta Forslund & Pauline Marty & Stéphane Manceron & Elodie Marajo-Petitzon & Marc Antoine Caillaud & Patrice Dumas & Bertrand Schmitt, 2023. "Can the Middle East-North Africa region mitigate the rise of its food import dependency under climate change?," Post-Print hal-04142046, HAL.
- S. Brock Blomberg & Gregory D. Hess, 2006.
"How Much Does Violence Tax Trade?,"
The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 599-612, November.
- S. Brock Blomberg & Gregory D. Hess, 2004. "How Much Does Violence Tax Trade?," CESifo Working Paper Series 1222, CESifo.
- Chang, Young-Tae & Shin, Sung-Ho & Lee, Paul Tae-Woo, 2014. "Economic impact of port sectors on South African economy: An input–output analysis," Transport Policy, Elsevier, vol. 35(C), pages 333-340.
- Adam Rose & Zhenhua Chen & Dan Wei, 2023. "The economic impacts of Russia–Ukraine War export disruptions of grain commodities," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 645-665, June.
- Gowa, Joanne & Mansfield, Edward D., 1993. "Power Politics and International Trade," American Political Science Review, Cambridge University Press, vol. 87(2), pages 408-420, June.
- Carter, Colin A. & Steinbach, Sandro, 2023. "Did Grain Futures Prices Overreact to the Russia-Ukraine War?," MPRA Paper 118248, University Library of Munich, Germany.
- Ziaul Haque Munim & Hans-Joachim Schramm, 2018. "The impacts of port infrastructure and logistics performance on economic growth: the mediating role of seaborne trade," Journal of Shipping and Trade, Springer, vol. 3(1), pages 1-19, December.
- Góes, Carlos & Bekkers, Eddy, 2022.
"The impact of geopolitical conflicts on trade, growth, and innovation,"
WTO Staff Working Papers
ERSD-2022-9, World Trade Organization (WTO), Economic Research and Statistics Division.
- Carlos G'oes & Eddy Bekkers, 2022. "The Impact of Geopolitical Conflicts on Trade, Growth, and Innovation," Papers 2203.12173, arXiv.org, revised Jan 2023.
- Hellerstein, Rebecca & Villas-Boas, Sofia B., 2010.
"Outsourcing and pass-through,"
Journal of International Economics,
Elsevier, vol. 81(2), pages 170-183, July.
- Hellerstein, Rebecca & Villas-Boas, Sofia B., 2010. "Outsourcing and Pass-Through," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt8098p5nq, Department of Agricultural & Resource Economics, UC Berkeley.
- Hellerstein, Rebecca & Villas-Boas, Sofia B., 2010. "Outsourcing and pass-through," Journal of International Economics, Elsevier, vol. 81(2), pages 170-183, July.
- Donald F. Larson & Julian Lampietti & Christophe Gouel & Carlo Cafiero & John Roberts, 2014. "Food Security and Storage in the Middle East and North Africa," The World Bank Economic Review, World Bank, vol. 28(1), pages 48-73.
- Larson, Donald F. & Lampietti, Julian & Gouel, Christophe & Cafiero, Carlo & Roberts, John, 2012. "Food security and storage in the Middle East and North Africa," Policy Research Working Paper Series 6031, The World Bank.
- Donald F. Larson & Julian Lampietti & Christophe Gouel & Carlo Cafiero & John Roberts, 2014. "Food security and storage in the Middle East and North Africa," Post-Print hal-01186946, HAL.
- Cheng, Chak Hung Jack & Chiu, Ching-Wai (Jeremy), 2018. "How important are global geopolitical risks to emerging countries?," International Economics, Elsevier, vol. 156(C), pages 305-325.
- Chak Hung Jack Cheng & Ching-Wai (Jeremy) Chiu, 2018. "How important are global geopolitical risks to emerging countries?," International Economics, CEPII research center, issue 156, pages 305-325.
- Xiangming Fang & Siddharth Kothari & Mr. Cameron McLoughlin & Mustafa Yenice, 2020. "The Economic Consequences of Conflict in Sub-Saharan Africa," IMF Working Papers 2020/221, International Monetary Fund.
- Kurz, Christopher & Senses, Mine Z., 2016. "Importing, exporting, and firm-level employment volatility," Journal of International Economics, Elsevier, vol. 98(C), pages 160-175.
- Christopher J. Kurz & Mine Z. Senses, 2013. "Importing, exporting and firm-level employment volatility," Finance and Economics Discussion Series 2013-44, Board of Governors of the Federal Reserve System (U.S.).
- Christopher Kurz & Mine Z. Senses, 2013. "Importing, Exporting And Firm-Level Employment Volatility," Working Papers 13-31, Center for Economic Studies, U.S. Census Bureau.
- Soojung Ahn & Dongin Kim & Sandro Steinbach, 2023. "The impact of the Russian invasion of Ukraine on grain and oilseed trade," Agribusiness, John Wiley & Sons, Ltd., vol. 39(1), pages 291-299, January.
- Petra Hellegers, 2022. "Food security vulnerability due to trade dependencies on Russia and Ukraine," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 14(6), pages 1503-1510, December.
- Bonfatti, Roberto & Poelhekke, Steven, 2017. "From mine to coast: Transport infrastructure and the direction of trade in developing countries," Journal of Development Economics, Elsevier, vol. 127(C), pages 91-108.
- Roberto Bonfatti & Steven Poelhekke, 2013. "From Mine to Coast: Transport Infrastructure and the Direction of Trade in Developing Countries," Discussion Papers 2013-03, University of Nottingham, GEP.
- Roberto Bonfatti & Steven Poelhekke, 2013. "From Mine to Coast: Transport Infrastructure and The Direction of Trade in Developing Countries," CESifo Working Paper Series 4170, CESifo.
- Roberto Bonfatti & Steven Poelhekke, 2013. "From Mine to Coast: Transport infrastructure and the direction of trade in developing countries," OxCarre Working Papers 107, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Roberto Bonfatti & Steven Poelhekke, 2013. "From Mine to Coast: Transport Infrastructure and the Direction of Trade in Developing Countries," Tinbergen Institute Discussion Papers 13-042/VIII, Tinbergen Institute.
- James C. Murdoch & Todd Sandler, 2004. "Civil Wars and Economic Growth: Spatial Dispersion," American Journal of Political Science, John Wiley & Sons, vol. 48(1), pages 138-151, January. Full references (including those not matched with items on IDEAS)
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:ags:aaea22:343735 is not listed on IDEAS
- Yan, Jiaqiang & Zhou, Yonghong, 2021. "Economic return to political support: Evidence from voting on the representation of China in the United Nations," Journal of Asian Economics, Elsevier, vol. 75(C).
- Rangan Gupta & Giray Gozgor & Huseyin Kaya & Ender Demir, 2019.
"Effects of geopolitical risks on trade flows: evidence from the gravity model,"
Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(4), pages 515-530, December.
- Ender Demir & Giray Gozgor & Rangan Gupta & Huseyin Kaya, 2018. "Effects of Geopolitical Risks on Trade Flows: Evidence from the Gravity Model," Working Papers 201835, University of Pretoria, Department of Economics.
- Ali Dadpay & Saleh S. Tabrizy, 2021. "Political Agreements and Exporting Activities: An Empirical Assessment of the Effects of the JCPOA Agreement on Iran’s Exports," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(1), pages 147-180, March.
- Chen, Renjing & Jin, Chenxin & Jin, Wei & Sheng, Bin & Wang, Guanxiang, 2025. "Geopolitics along the value chains," China Economic Review, Elsevier, vol. 90(C).
- Charlie Joyez, 2025. "Connectivity and Contagion: How Industry Networks Shape the Transmission of Shocks in Global Value Chains," GREDEG Working Papers 2025-36, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Jong-Wha Lee & Ju Hyun Pyun, 2016.
"Does Trade Integration Contribute to Peace?,"
Review of Development Economics,
Wiley Blackwell, vol. 20(1), pages 327-344, February.
- Lee, Jong-Wha & Pyun, Ju Hyun, 2009. "Does Trade Integration Contribute to Peace?," Working Papers on Regional Economic Integration 24, Asian Development Bank.
- Giacomo Bonanno & Ju Hyun Pyun, 2011. "Does Trade Integration Contribute to Peace?," Working Papers 117, University of California, Davis, Department of Economics.
- De Sousa, José & Mirza, Daniel & Verdier, Thierry, 2018.
"Terror networks and trade: Does the neighbor hurt?,"
European Economic Review, Elsevier, vol. 107(C), pages 27-56.
- José de Sousa & Daniel Mirza & Thierry Verdier, 2018. "Terror networks and trade: Does the neighbor hurt?," PSE-Ecole d'économie de Paris (Postprint) halshs-01887082, HAL.
- José de Sousa & Daniel Mirza & Thierry Verdier, 2018. "Terror networks and trade: Does the neighbor hurt?," Post-Print halshs-01887082, HAL.
- Anderton Charles H. & Anderton Roxane A., 2021. "The Trade Disruption Hypothesis Fails for State-Sponsored Genocides and Mass Atrocities: Why It Matters," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 27(2), pages 143-168, May.
- Knill, April & Lee, Bong-Soo & Mauck, Nathan, 2012. "Bilateral political relations and sovereign wealth fund investment," Journal of Corporate Finance, Elsevier, vol. 18(1), pages 108-123.
- Lars Karlsson & Peter Hedberg, 2021. "War and trade in the peaceful century: the impact of interstate wars on bilateral trade flows during the first wave of globalization, 1830–1913," Economic History Review, Economic History Society, vol. 74(3), pages 809-830, August.
- Che, Yi & Du, Julan & Lu, Yi & Tao, Zhigang, 2015.
"Once an enemy, forever an enemy? The long-run impact of the Japanese invasion of China from 1937 to 1945 on trade and investment,"
Journal of International Economics, Elsevier, vol. 96(1), pages 182-198.
- Che, Yi & Du, Julan & Lu, Yi & Tao, Zhigang, 2011. "Once an enemy, forever an enemy? the long-run impact of the Japanese invasion of China from 1937 to 1945 on trade and investment," MPRA Paper 38791, University Library of Munich, Germany.
- Jong-Wha Lee & Ju Hyun Pyun, 2016.
"Does Trade Integration Contribute to Peace?,"
Review of Development Economics, Wiley Blackwell, vol. 20(1), pages 327-344, February.
- Jong-Wha Lee & Ju Hyun Pyun, 2009. "Does Trade Integration Contribute to Peace?," Working Papers on Regional Economic Integration 24, Asian Development Bank.
- Giacomo Bonanno & Ju Hyun Pyun, 2011. "Does Trade Integration Contribute to Peace?," Working Papers 272, University of California, Davis, Department of Economics.
- Vincent Vicard, 2009.
"On trade creation and regional trade agreements: does depth matter?,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 145(2), pages 167-187, July.
- Vincent Vicard, 2009. "On trade creation and regional trade agreements: does depth matter?," Post-Print hal-00535215, HAL.
- Vincent Vicard, 2009. "On trade creation and regional trade agreements: does depth matter?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00535215, HAL.
- Fang, Heyang & Zhang, Yifei, 2019. "Political Tensions and Corporate Cross-border Financing: Evidence from the China-U.S. Trade War," MPRA Paper 95494, University Library of Munich, Germany.
- Lin, Faqin & Hu, Cui & Fuchs, Andreas, 2019.
"How do firms respond to political tensions? The heterogeneity of the Dalai Lama Effect on trade,"
China Economic Review, Elsevier, vol. 54(C), pages 73-93.
- Lin, Faqin & Hu, Cui & Fuchs, Andreas, 2016. "How Do Firms Respond to Political Tensions? The Heterogeneity of the Dalai Lama Effect on Trade," Working Papers 0628, University of Heidelberg, Department of Economics.
- Andreas Fuchs, 2018.
"China’s economic diplomacy and the politics-trade nexus,"
Chapters, in: Research Handbook on Economic Diplomacy, chapter 18, pages 297-314,
Edward Elgar Publishing.
- Fuchs, Andreas, 2016. "China’s Economic Diplomacy and the Politics-Trade Nexus," Working Papers 0609, University of Heidelberg, Department of Economics.
- Seitz, Michael & Tarasov, Alexander & Zakharenko, Roman, 2015.
"Trade costs, conflicts, and defense spending,"
Journal of International Economics, Elsevier, vol. 95(2), pages 305-318.
- Seitz, Michael & Tarasov, Alexander & Zakharenko, Roman, 2013. "Trade Costs, Conflicts, and Defense Spending," Discussion Papers in Economics 15733, University of Munich, Department of Economics.
- Seitz, Michael & Tarasov, Alexander & Zakharenko, Roman, 2013. "Trade Costs, Conflicts, and Defense Spending," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 404, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Jianting Fan & Bo Lu, 2021. "The impact of summit visits on bilateral trade: Empirical evidence from China," The World Economy, Wiley Blackwell, vol. 44(12), pages 3583-3608, December.
- Maystadt, Jean-François & Trinh Tan, Jean-François & Breisinger, Clemens, 2014.
"Does food security matter for transition in Arab countries?,"
Food Policy, Elsevier, vol. 46(C), pages 106-115.
- Breisinger, Clemens & Maystadt, Jean-François & Trinh Tan, Jean-François, 2012. "Does Food Security Matter for Transition in Arab Countries?:," IFPRI discussion papers 1196, International Food Policy Research Institute (IFPRI).
- Barry Eichengreen & Arnaud Mehl & Livia Chiţu & Thorsten Beck, 2019.
"Mars or Mercury? The geopolitics of international currency choice,"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 34(98), pages 315-363.
- Barry Eichengreen & Arnaud J. Mehl & Livia Chitu, 2017. "Mars or Mercury? The Geopolitics of International Currency Choice," NBER Working Papers 24145, National Bureau of Economic Research, Inc.
More about this item
Keywords
;NEP fields
This paper has been announced in the following NEP Reports:- NEP-CIS-2026-01-05 (Confederation of Independent States)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea24:343735. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/p/ags/aaea24/343735.html