Showing 1 - 10 of 63
This paper examines whether the average level of human capital in a region affects the earnings of an individual residing in that region in a manner that is external to the individual's own human capital. I find little evidence of an external effect of human capital, which suggests that human...
Persistent link: https://www.econbiz.de/10005514123
between trade and economic activity. Our analysis suggests that during the crisis both world trade and U.S. exports declined …
Persistent link: https://www.econbiz.de/10008917670
In 2009, the Federal Reserve Board implemented a survey of families that participated in the 2007 Survey of Consumer Finances (SCF) to gain detailed information on the effects of the recent recession on all types of households. Using data from the 2007-09 SCF panel, we highlight the variation in...
Persistent link: https://www.econbiz.de/10008917686
The degree of exchange-rate pass-through to import prices is low. An average pass-through estimate for the 1980s would be roughly 50 percent for the United States implying that, following a 10 percent depreciation of the dollar, a foreign exporter selling to the U.S. market would raise its price...
Persistent link: https://www.econbiz.de/10008691001
This paper builds a model of two types of Chinese exports, those processed and assembled largely from imported inputs … ("processed" exports) and "non-processed" exports. Based on this model, the sensitivity of Chinese exports to exchange rate … growth, both for non-processed and processed exports, with the estimated cumulative price elasticity being substantially …
Persistent link: https://www.econbiz.de/10008498899
The fact that large manufacturing plants export relatively more than small plants has been at the foundation of much work in the international trade literature. We examine this fact using Census micro data on plant shipments from the Commodity Flow Survey. We show the fact is not entirely an...
Persistent link: https://www.econbiz.de/10008498942
reference, we find that the prices charged on exports to the United States are more responsive to the exchange rate than is the …
Persistent link: https://www.econbiz.de/10005368182
An important but apparently neglected fact about U.S. exports is that export variation over time is dominated by … variation in exports of capital goods and industrial supplies rather than consumer goods. This fact suggests that world … investment demand rather than world consumption demand may be an important yet neglected determinant of U.S. exports. This paper …
Persistent link: https://www.econbiz.de/10005368184
This paper provides a reinterpretation of seventeenth-century mercantilist trade doctrine and policy in light of recent theories of strategic trade policy. Mercantilist economic thought, like strategic export-promotion theories, emphasized the use of government policy to capture rents that arise...
Persistent link: https://www.econbiz.de/10005368203
restructuring is taking place. One measure of the success of restructuring is export performance. That is, increased exports by … investigation, it is too early to tell whether Hungarian exports will respond systematically to standard determinants of trade, such …
Persistent link: https://www.econbiz.de/10005368205