Geopolitical Barriers
Trade Wars Have Kept Canadian Tourists Away and Cost Americans Jobs
Trade wars between the United States and Canada have sharply reduced the number of Canadian tourists traveling to the U.S. In new research, André Kurmann, Étienne Lalé, and Julien Martin use novel methods to measure how this decline in tourism has negatively impacted American workers and communities.
How Geopolitical Barriers Distort International Investment
Bruno Pellegrino introduces a novel model developed with Enrico Spolaore and Romain Wacziarg that explains the lack of international investment in some countries despite their promise of higher returns. The study finds that removing certain barriers to international capital flows could boost global GDP by 7% and significantly reduce cross-country inequality.
