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Export Restrictions and Price Insulation During Commodity Price Booms

Anderson, Kym; Martin, Will - C.E.P.R. Discussion Papers - 2011

For individual countries, variable trade barriers can be used to reduce the volatility of domestic relative to world prices. If this is done by countries accounting for a large share of the market, its effect is offset by increases in world price volatility. This study shows the nature of the...

Persistent link: https://www.econbiz.de/10009207521

Asia’s Growth, the Changing Geography of World Trade, and Food Security: Projections to 2030

Anderson, Kym; Strutt, Anna - C.E.P.R. Discussion Papers - 2012

Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of gravity away from the north Atlantic, raising the importance of Asia in world trade but also altering the commodity composition of trade by Asia and other regions. What began with...

Persistent link: https://www.econbiz.de/10011083385

Emerging Economies, Productivity Growth, and Trade with Resource-Rich Economies by 2030

Anderson, Kym; Strutt, Anna - C.E.P.R. Discussion Papers - 2013

Rapid economic growth in some emerging economies in recent decades has significantly increased their global economic importance. If this rapid growth continues and is strongest in resource-poor Asian economies, the growth in global demand for imports of primary products also will continue, to...

Persistent link: https://www.econbiz.de/10011084563

Weather shocks and English wheat yields, 1690-1871

Brunt, Liam - C.E.P.R. Discussion Papers - 2015

We estimate a time series model of weather shocks on English wheat yields for the early nineteenth century and use it … to predict weather effects on yield levels from 1697 to 1871. This reveals that yields in the 1690s were depressed by … unusually poor weather; and those in the late 1850s were inflated by unusually good weather. This has led researchers to …

Persistent link: https://www.econbiz.de/10011249371

Local Labor Markets

Moretti, Enrico - C.E.P.R. Discussion Papers - 2010

I examine the causes and the consequences of differences in labor market outcomes across local labor markets within a country. The focus is on a long-run general equilibrium setting, where workers and firms are free to move across localities and local prices adjust to maintain the spatial...

Persistent link: https://www.econbiz.de/10008468706

Globalization and Individual Gains from Trade

Behrens, Kristian; Murata, Yasusada - C.E.P.R. Discussion Papers - 2009

We analyze the impact of globalization on individual gains from trade in a general equilibrium model of monopolistic competition featuring product diversity, pro-competitive effects and income heterogeneity between and within countries. We show that, although trade reduces markups in both...

Persistent link: https://www.econbiz.de/10008528544

Common Ground Between Free-traders and Environmentalists

Karp, Larry; Sacheti, Sandeep - C.E.P.R. Discussion Papers - 1997

We use a North-South model with property right differences and resource dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile, and the result is reversed when the environment is...

Persistent link: https://www.econbiz.de/10005123684

VERs Under Imperfect Competition and Foreign Direct Investment: A Case Study of the US-Japan Auto VER

de Melo, Jaime; Tarr, David - C.E.P.R. Discussion Papers - 1995

This paper simulates the costs of the US-Japan auto VER. Under a standard constant returns to scale (CRTS) formulation, the costs are estimated at about $10 billion. It then sequentially introduces important features of the auto VER: endogenous rent premium determination, wage distortions in...

Persistent link: https://www.econbiz.de/10005123838

Optimal Restructuring Under a Political Constraint: A General Equilibrium Approach

Dehejia, Vivek - C.E.P.R. Discussion Papers - 1997

This paper considers the generalized second-best analytics of optimal restructuring under a political constraint, building on the modelling approach in Dehejia (1997). It is shown that the second-best optimum entails administering the terms-of-trade shock fully at the initiation of the reform,...

Persistent link: https://www.econbiz.de/10005123976

An Anatomy of International Trade: Evidence from French Firms

Eaton, Jonathan; Kortum, Samuel S; Kramarz, Francis - C.E.P.R. Discussion Papers - 2009

We examine the sales of French manufacturing firms in 113 destinations, including France itself. Several regularities stand out: (1) the number of French firms selling to a market, relative to French market share, increases systematically with market size; (2) sales distributions are very similar...

Persistent link: https://www.econbiz.de/10005124187