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Trade Protection, Stock-Market Returns, and Welfare

Amiti, Mary; Kong, Sang Hoon; Weinstein, David E. - National Bureau of Economic Research - 2021

We show that the specific factors model can be used to derive a rigorous link between movements in stock prices and productivity, wages, employment, output, and welfare. We also prove that the commonly used measure of the effective rate of protection equals the dual measure of revenue TFP,...

Persistent link: https://www.econbiz.de/10012533307

Industrial Organization and International Trade

Krugman, Paul - 1986

Persistent link: https://www.econbiz.de/10012477115

Learning by Doing and the Dynamic Effects of International Trade

Young, Alwyn - 1991

Using an endogenous growth model in which learning by doing, although bounded in each good, exhibits spillovers across goods, this paper investigates the dynamic effects of international trade. Examining an LDC and a DC, the latter distinguished by a higher initial level of knowledge, under...

Persistent link: https://www.econbiz.de/10012475443

Anonymous Market and Group Ties in International Trade

Casella, Alessandra - 1997

When trade involves differentiated products, preferential ties to a group settled abroad facilitate an exporter's entry into the foreign market by providing information and access to distribution channels. This contrasts with the difficulties experienced by an unattached producer unfamiliar with...

Persistent link: https://www.econbiz.de/10012472628

Entry, Dumping, and Shakeout

Clarida, Richard H. - 1991

This paper investigates the relationship between entry, demand, and dumping in the context of a two country Ricardian model of international trade. Dumping - the export of goods at a price below average cost - can arise in the free trade equilibrium if the two countries differ in their initial...

Persistent link: https://www.econbiz.de/10012475183

Persistent Trade Effects of Large Exchage Rate Shocks

Baldwin, Richard - 1986

This paper presents a theoretical basis fcr the srgunent that large exchange rate shocks - such as the rise of the dollar from 1980 to 1985 - may shift historical relationships between exchange rates and trade flows. We begin with partial models in which large exchange rate fluctuations lead to...

Persistent link: https://www.econbiz.de/10012477053

Trade and Worker Deskilling

Costa, Rui - 2019

produced an unprecedentedly large shock to the UK exchange rate. In the 24 hours in June 2016 during which the UK electorate … with respect to intermediate import prices to theory uncovers evidence of a production complementarity between workers and …

Persistent link: https://www.econbiz.de/10012479869

Specialization, Market Access and Real Income

Bartelme, Dominick - 2020

This paper estimates the impact of external demand shocks on real income. Our empirical strategy is based on a first order approximation to a wide class of small open economy models that feature sector-level gravity in trade flows. The framework allows us to measure foreign shocks and...

Persistent link: https://www.econbiz.de/10012482492

Terms of Trade and the Transmission of Output Shocks in a Rational Expectations Model

Osler, Carol L. - 1988

, changes its the terms of trade affect investment returns in both countries; rational expectations regarding such changes are … concluded that a temporary, positive productivity shock to the home country will cause the domestic terms of trade to depreciate … shock differs, however. In this case investors will reallocate their portfolios and increase their holdings of domestic …

Persistent link: https://www.econbiz.de/10012476383

Learning and Expectations in Dynamic Spatial Economies

Fan, Jingting; Hong, Sungwan; Parro, Fernando - National Bureau of Economic Research - 2023

-ante study of the economic impacts of climate change, and an ex-post evaluation of the China productivity shock on the U …

Persistent link: https://www.econbiz.de/10014322891