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The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy

Caliendo, Lorenzo; Parro, Fernando; Rossi-Hansberg, Esteban - C.E.P.R. Discussion Papers - 2014

We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes at the level of a sector in a given U.S. state to...

Persistent link: https://www.econbiz.de/10011083376

Outsourcing Tariff Evasion: A New Explanation for Entrepôt Trade

Fisman, Raymond; Moustakerski, Peter; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2007

Traditional explanations for indirect trade through an entrepôt have focused on savings in transport costs and on the role of specialized agents in processing and distribution. We provide an alternative perspective based on the possibility that entrepôts may facilitate tariff evasion. Using...

Persistent link: https://www.econbiz.de/10005792105

Trade, Wages, and Profits

Egger, Hartmut; Egger, Peter; Kreickemeier, Udo - C.E.P.R. Discussion Papers - 2011

This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences. In the underlying theoretical framework, such preferences lead to a link between a firm's operating profits on the one hand and wages of workers employed by this firm on the...

Persistent link: https://www.econbiz.de/10009399709

International Welfare and Employment Linkages Arising from Minimum Wages

Egger, Hartmut; Egger, Peter; Markusen, James R. - C.E.P.R. Discussion Papers - 2009

We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...

Persistent link: https://www.econbiz.de/10004964417

Foreign Firms, Domestic Wages

Malchow-Møller, Nikolaj; Markusen, James R.; … - C.E.P.R. Discussion Papers - 2007

Foreign-owned firms are often hypothesized to generate productivity “spillovers” to the host country, but both theoretical micro-foundations and empirical evidence for this are limited. We develop a heterogeneous-firm model in which ex-ante identical workers learn from their employers in...

Persistent link: https://www.econbiz.de/10005792490

Theories of Heterogeneous Firms and Trade

Redding, Stephen J. - C.E.P.R. Discussion Papers - 2010

This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional...

Persistent link: https://www.econbiz.de/10008466333

The Quality-Complementarity Hypothesis: Theory and Evidence from Colombia

Kugler, Maurice; Verhoogen, Eric A - C.E.P.R. Discussion Papers - 2009

This paper presents a tractable formalization and an empirical investigation of the quality-complementarity hypothesis, the hypothesis that input quality and plant productivity are complementary in generating output quality. We embed this complementarity in a general-equilibrium trade model with...

Persistent link: https://www.econbiz.de/10005123564

The Margins of US Trade (Long Version)

Bernard, Andrew B.; Jensen, J Bradford; Redding, Stephen J. - C.E.P.R. Discussion Papers - 2009

Recent research in international trade emphasizes the importance of firms' extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed U.S. trade statistics to provide a broad overview...

Persistent link: https://www.econbiz.de/10005124157

Fiscal-Monetary Policy Interactions in the Presence of Unionized Labour Markets

Cukierman, Alex; Dalmazzo, Alberto - C.E.P.R. Discussion Papers - 2005

monopolistically competitive firms. The framework is used to investigate the effects of labour taxes, the replacement ratio, labour … changes in either labour taxes or in unemployment benefits to labours costs is larger the higher are those institutional … variables. The paper also considers the effects of those institutions on the choice of labour taxes and of unemployment benefits …

Persistent link: https://www.econbiz.de/10005124224

Non-linear Effects of Taxation on Growth

Jaimovich, Nir; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 2012

We study a model in which the effects of taxation on growth are highly non-linear. Marginal increases in tax rates have a small growth impact when tax rates are low or moderate. When tax rates are high, further tax hikes have a large, negative impact on growth performance. We argue that this...

Persistent link: https://www.econbiz.de/10011084177

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