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Endowments, market potential, and industrial location: evidence from interwar Poland (1918-1939)
Wolf, Nikolaus - London School of Economics (LSE) - 2004
The paper explores the determinants of industry location across interwar Poland. After more than 120 years of political and economic separation, Poland was reunified at the end of 1918. In consequence, its industry faced massive structural changes: the removal of internal tariff barriers and...
Persistent link: https://www.econbiz.de/10010744846
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The log of gravity
Santos Silva, Joao; Tenreyro, Silvana - London School of Economics (LSE) - 2005
Although economists have long been aware of Jensen's inequality, many econometric applications have neglected an important implication of it: the standard practice of interpreting the parameters of log-linearized models estimated by ordinary least squares as elasticities can be highly misleading...
Persistent link: https://www.econbiz.de/10010746706
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International trade without CES: estimating translog gravity
Novy, Dennis - London School of Economics (LSE) - 2013
This paper derives a micro-founded gravity equation based on a translog demand system that allows for flexible substitution patterns across goods. In contrast to the standard CES-based gravity equation, translog gravity generates an endogenous trade cost elasticity. Trade is more sensitive to...
Persistent link: https://www.econbiz.de/10011126685
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The effect of trade liberalization on informality and wages: evidence from Mexico
Aleman-Castilla, Benjamin - London School of Economics (LSE) - 2006
This paper studies the impact of NAFTA on informality and real wages in Mexico. Using a dynamic industry model with firm heterogeneity, it is predicted that import tariff elimination could reduce the incidence of informality by making more profitable to some firms to enter the formal sector,...
Persistent link: https://www.econbiz.de/10010746201
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Cheap imports and the loss of U.S. manufacturing jobs
Cooke, Abigail; Kemeny, Thomas; Rigby, David - London School of Economics (LSE) - 2013
Manufactures, and transaction-level trade data, we find that rising import competition from China and other developing economies …
Persistent link: https://www.econbiz.de/10011125962
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Winners and losers from a commodities-for-manufactures trade boom
Costa, Francisco; Garred, Jason; Pessoa, João Paulo - London School of Economics (LSE) - 2014
A recent boom in commodities-for-manufactures trade between China and other developing countries has led to much …
Persistent link: https://www.econbiz.de/10011126579
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The auto-component supply chain in China and India: a benchmark study
Sutton, John - London School of Economics (LSE) - 2004
manufacturers in China and six in India; a range of general component suppliers in both countries, and on a detailed benchmarking …
Persistent link: https://www.econbiz.de/10010745200
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Investment choice and inflation uncertainty
Fischer, Gregory - London School of Economics (LSE) - 2013
aggregates. The data show that periods of increased inflation uncertainty are associated with substantial reductions in total …
Persistent link: https://www.econbiz.de/10010884740
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Inflation, inequality and social conflict
Crowe, Christopher - London School of Economics (LSE) - 2004
This paper presents a political economy model of inflation as a result of social conflict. Agents are heterogeneous in … terms of income. Agents’ income levels determine their ability to hedge against the effects of inflation. The interaction of … model makes a number of predictions concerning which environments are conducive to the emergence of inflation. Inflation …
Persistent link: https://www.econbiz.de/10010745045
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Nominal wage rigidity and the rate of inflation
Nickell, Stephen; Quintini, Glenda - London School of Economics (LSE) - 2001
inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find … that if long-run inflation is one percent higher, the number of individuals with negative real pay growth increases by …
Persistent link: https://www.econbiz.de/10010746590