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When materials offshoring is measured by estimating imported intermediate inputs, a common assumption used is that an … the 3-digit I-O industry level, there is a correlation of 0.68 between the offshoring shares made with and without the …
Persistent link: https://www.econbiz.de/10012460742
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multi-product firms, offshoring, intra-firm trade and firm export market dynamics …
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relative to non-exporters. Employment, shipments and capital intensity are all higher at exporters at any given moment. This … exporters. The benefits of exporting for the firm are less clear. Employment" growth and the probability of survival are both …
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The United States is often taken to be the exemplar of the benefits of a monetary union. Since 1788 Americans, with the exception of the Civil War years, have been able to buy and sell goods, travel, and invest within a vast area without ever having to be concerned about changes in exchange...
Persistent link: https://www.econbiz.de/10012471140
When the Great Depression struck the United States, Oliver M.W. Sprague was America's foremost expert on financial crises. His History of Crises under the National Banking System is a frequently cited classic. Had he diagnosed a banking panic and called for an aggressive response by the Federal...
Persistent link: https://www.econbiz.de/10012660094
This paper reexamines the debate over whether the United States fell into a liquidity trap in the 1930s. We first review the literature on the liquidity trap focusing on Keynes's discussion of "absolute liquidity preference" and the division that soon emerged between Keynes, who believed that a...
Persistent link: https://www.econbiz.de/10012462451
' employment from the Census Bureau's business register to examine wholesalers and retailers in U.S. exports and imports. Exporters … and importers with 100 percent employment in wholesale and retail differ from pure "producer and consumer" trading firms … along a number of dimensions: they are smaller in terms of employment, trade value and domestic sales, operate fewer U …
Persistent link: https://www.econbiz.de/10012462991
The relationships among the weather, agricultural markets, and financial markets have long been of interest to economic historians, but relatively little empirical work has been done. We push this literature forward by using modern drought indexes, which are available in detail over a wide area...
Persistent link: https://www.econbiz.de/10012463053