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countries. The cross-country income elasticity of establishment size is remarkably similar across sectors, about 0.3. We discuss …
Persistent link: https://www.econbiz.de/10012480621
elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this … elasticity from disaggregate price and trade-flow data and we use it within Eaton and Kortum's (2002) Ricardian model. We apply … elasticity of roughly four, nearly fifty percent lower than Eaton and Kortum's (2002) approach. This difference doubles the …
Persistent link: https://www.econbiz.de/10012461861
values, the elasticities of wages, prices, taxes, and government transfers with respect to national labor supplies, as well …
Persistent link: https://www.econbiz.de/10012464157
in the elasticity of distortions with respect to firm productivity generate the bulk of empirical patterns and over two …
Persistent link: https://www.econbiz.de/10014635713
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we …
Persistent link: https://www.econbiz.de/10012481049
In a standard multi-sector, heterogeneous-firm trade model the effect of tariffs on entry, especially in the presence … are a consequence of the reductions in MFN tariffs (the Uruguay Round); and that for some countries, particularly some … would gain from the elimination of tariffs have a strong rank correlation with those that gain from a negative optimal …
Persistent link: https://www.econbiz.de/10012456903
these margins. Theoretically, we show that for fixed trade elasticity, different models predict identical trade flows, but … different patterns of micro-level price variation. Thus, given data on trade flows and micro-level prices, different models have …-flow and tariff data, which imply a common trade elasticity across models …
Persistent link: https://www.econbiz.de/10012458172
between observed bilateral trade and frictionless trade. They comprise tariffs, transportation costs and all other factors …
Persistent link: https://www.econbiz.de/10012466059
manufactured goods tariffs that time paths of tariff reductions became a substantive part of GATT agreements. Existing empirical … work has demonstrated that U.S. industries with high initial tariffs tended to receive long periods for tariff adjustment ….S. tariffs and little intra-industry trade are associated with long NAFTA phase-out periods for U.S. imports from Mexico. Mexico …
Persistent link: https://www.econbiz.de/10012473443
In this paper we develop some simple models of optimal tax and tariff policy in the presence of global corporations that operate in an imperfectly competitive environment. The models emphasize two important differences in the practical application of tax and tariff policy - tax, but not tariff,...
Persistent link: https://www.econbiz.de/10012475527