Non-economic engagement and international exchange
Subtitle: the case of environmental treaties
By: Andrew K. Rose, Mark M. Spiegel.
Contributors: Spiegel, Mark.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13988; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13988.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/9/2008.

Includes bibliographical references.

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