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Non-Economic Engagement and International Exchange: The Case of Environmental Treaties / Andrew K. Rose, Mark M. Spiegel.
- Format:
- Book
- Author/Creator:
- Rose, Andrew K.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13988.
- NBER working paper series no. w13988
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Non-Economic Engagement and International Exchange
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2008.
- Summary:
- 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.
- Notes:
- Print version record
- May 2008.
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