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Comparative Advantage and Skill-Specific Unemployment

Larch, Mario; Lechthaler, Wolfgang - CESifo - 2009

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment effects of trade liberalization. We show that the...

Persistent link: https://www.econbiz.de/10005013939

Substitutability and Protectionism: Latin America’s Trade Policy and Imports from China and India

Facchini, Giovanni; Olarreaga, Marcelo; Silva, Peri A.; … - CESifo - 2007

world markets. To explain higher protection in sectors where a large share is imported from these countries, we extend the … ‘protection for sale’ model to allow for different degrees of substitutability between domestically produced and imported … varieties. The extension suggests that higher levels of protection towards Chinese goods can be explained by high …

Persistent link: https://www.econbiz.de/10005765925

The Customs Union Issue: Why do we Observe so few of them?

Facchini, Giovanni; Silva, Peri A.; Willmann, Gerald - CESifo - 2008

The number of preferential trade agreements has greatly increased over the past two decades, yet most existing bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged customs unions. This paper develops a political economy model...

Persistent link: https://www.econbiz.de/10005406001

Trade, Education, and the Shrinking Middle Class

Blanchard, Emily; Willmann, Gerald - CESifo - 2013

We develop a new model of trade in which educational institutions drive comparative advantage and determine the distribution of human capital within and across countries. Our framework exploits a multiplicity of sectors and the continuous support of human capital choices to demonstrate that...

Persistent link: https://www.econbiz.de/10010627553

Unemployment in an Interdependent World

Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - CESifo - 2009

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...

Persistent link: https://www.econbiz.de/10008583684

Why "Buy American" is a Bad Idea but Politicians still Like it

Larch, Mario; Lechthaler, Wolfgang - CESifo - 2010

When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including “Buy local” clauses into the...

Persistent link: https://www.econbiz.de/10008671694