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environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … pairwise interregional trade across all 50 U.S. states, 26 traded and non-traded industries, labor as a mobile factor, and … matches the U.S. input-output matrix. Using data on trade flows by industry between states, as well as other regional and …
Persistent link: https://www.econbiz.de/10011083376
. Service trade, however, like goods trade, is subject to strong distance effects, implying that the remote supply of services … remains limited. We investigate this proposition by deriving a gravity-like equation for service trade and estimating it for a … large sample of countries and different categories of service trade. We find that distance costs are high but are declining …
Persistent link: https://www.econbiz.de/10005666777
We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework … turn reduces trade flows and real income for consumers. We apply the model to analyze China's export boom around its WTO … normal trade relationship status and thus ending the annual threat to revert to Smoot-Hawley tariff levels. We construct a …
Persistent link: https://www.econbiz.de/10011083973
continuum of goods to show that trade liberalization causes higher unemployment in countries with comparative advantage in … contradicting evidence in the empirical literature on the impact of trade on unemployment. …
Persistent link: https://www.econbiz.de/10011084120
frictions, and foreign trade. This framework emphasizes firm heterogeneity and search and matching frictions in labor markets …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … country's trade partner. Unemployment benefits can alleviate the distortions in a country's labor market in some cases but not …
Persistent link: https://www.econbiz.de/10008854515
This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign …
Persistent link: https://www.econbiz.de/10011083409
We study a two-country two-sector model of international trade in which one sector produces homogeneous products while … vacancies, firing costs, and unemployment benefits. We study the interaction of labor market rigidities and trade impediments in … shaping welfare, trade flows, productivity, and unemployment. We show that both countries gain from trade but that the …
Persistent link: https://www.econbiz.de/10008477175
labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and …
Persistent link: https://www.econbiz.de/10008468664
This paper explores the links between the patterns of migration (high vs. low-skill), trade policy, and foreign direct …
Persistent link: https://www.econbiz.de/10005124277
Since changes in trade openness are typically confounded with other factors, it has been difficult to identify the … labour market consequences of increased international trade. The advent of the United States Interstate Highway System … provides a unique policy experiment, which I use to identify the effect of reducing trade barriers on the relative demand for …
Persistent link: https://www.econbiz.de/10005504786