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Free Trade and Long-Run Growth
Ben-David, Dan; Loewy, Michael B - C.E.P.R. Discussion Papers - 1995
What is the impact of movement towards free trade on output? Can this impact permanently affect output levels, and more importantly, will it have an impact on steady-state growth rates? This paper provides empirical evidence showing how countries have exhibited substantial increases in their...
Persistent link: https://www.econbiz.de/10005666425
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Growth and Macroeconomic Performance in Spain, 1939-93
Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 1995
After presenting trends in aggregate performance within a comparative convergence framework, this paper explores institutional and macroeconomic features as the ultimate explanations of Spain's post-war growth performance. The following main phases are distinguished: the autarchy period...
Persistent link: https://www.econbiz.de/10005666440
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Productivity, Wages and Prices Inside and Outside of Manufacturing in the US, Japan and Europe
Gordon, Robert J - C.E.P.R. Discussion Papers - 1986
. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies … indices for Japan and Europe. If anything, real wages in Europe and Japan were too flexible rather than too rigid, in the … sense that much of the increase in wage gap indices in Europe during 1968-70 and in Japan in 1973-74 can be interpreted as …
Persistent link: https://www.econbiz.de/10005789135
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Trade in the Triad: How Easy is the Access to Large Markets?
Fontagne, Lionel; Mayer, Thierry; Zignago, Soledad - C.E.P.R. Discussion Papers - 2004
called the Triad: The United States, the EU and Japan. We focus on measuring possible asymmetries in market access between …
Persistent link: https://www.econbiz.de/10005504710
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The Impact of Trade on Organization and Productivity
Caliendo, Lorenzo; Rossi-Hansberg, Esteban - C.E.P.R. Discussion Papers - 2011
A firm's productivity depends on how production is organized given the level of demand for its product. To capture this mechanism, we develop a theory of an economy where firms with heterogeneous demands use labor and knowledge to produce. Entrepreneurs decide the number of layers of management...
Persistent link: https://www.econbiz.de/10009246600
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Sequential Exporting
Albornoz-Crespo, Facundo; Calvo Pardo, Hector F.; … - C.E.P.R. Discussion Papers - 2010
Many new exporters give up exporting very shortly, despite substantial entry costs; others shoot up foreign sales and expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of exporting firms. We posit that individual export...
Persistent link: https://www.econbiz.de/10008692316
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Trade Liberalization and Enterprise Restructuring in Bulgaria, 1992-4
Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1995
This paper empirically tests the link between trade openness and enterprise restructuring in Bulgaria. It belongs to a recent line of work in the empirical trade literature that investigates the effects of trade policy on firm behaviour. The trade liberalization following the 1991 economic...
Persistent link: https://www.econbiz.de/10005662077
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Market Structure in Services and Market Access in Goods
Francois, Joseph; Wooton, Ian - C.E.P.R. Discussion Papers - 2005
We examine interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a linkage between service-sector competition and goods trade, one supported by econometrics involving imports of 22 OECD countries vis-à-vis 69 exporters. This points to...
Persistent link: https://www.econbiz.de/10005662166
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Trade and Entrepreneurship with Heterogeneous Workers
Oyama, Daisuke; Sato, Yasuhiro; Tabuchi, Takatoshi; … - C.E.P.R. Discussion Papers - 2007
This paper investigates the impacts of progressive trade openness, technological externalities, and heterogeneity of individuals on the formation of entrepreneurship in a two-country occupation choice model. We show that trade opening gives rise to a non-monotonic process of international...
Persistent link: https://www.econbiz.de/10005662268
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The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity: A Comment
Baldwin, Richard; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2004
Melitz (2003) demonstrates that greater trade openness raises industry productivity via a selection effect and via a production re-allocation effect. Our comment points out that the set-up assumed in the Melitz model displays a trade off between static and dynamic efficiency gains. That is,...
Persistent link: https://www.econbiz.de/10005662315