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Distortions and the Structure of the World Economy

Caliendo, Lorenzo - 2017

We develop a model of the world economy as input-output relationships subject to distortions. We then propose a … the sectoral TFPs. We then derive a closed-form solution of the elasticities of each entry in the world input … distortions and TFPs of the input-output matrix of the world economy. We show that internal (within a given country) distortions …

Persistent link: https://www.econbiz.de/10012455349

Voluntary Emission Restraints in Developing Economies : The Role of Trade Policy

Caliendo, Lorenzo; Dolabella, Marcelo; Moreira, … - National Bureau of Economic Research - 2024

We study the role of trade policy in one of the most pressing climate policy challenges that developing countries face: meeting voluntary emission restraints (VERs). To do so, we develop a general equilibrium trade model that extends Caliendo and Parro (2015) in three dimensions. First, we model...

Persistent link: https://www.econbiz.de/10014544737

Lessons from U.S.-China Trade Relations

Caliendo, Lorenzo; Parro, Fernando - National Bureau of Economic Research - 2022

We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...

Persistent link: https://www.econbiz.de/10013361989

The Impact of Trade on Labor Market Dynamics

Caliendo, Lorenzo - 2015

We develop a dynamic labor search model where production and consumption take place in spatially distinct labor markets with varying exposure to domestic and international trade. The model recognizes the role of labor mobility frictions, goods mobility frictions, geographic factors, and...

Persistent link: https://www.econbiz.de/10012457517

Reciprocity and the China Shock

Bown, Chad P.; Caliendo, Lorenzo; Parro, Fernando; … - National Bureau of Economic Research - 2024

We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...

Persistent link: https://www.econbiz.de/10015056161