Showing 1 - 10 of 97
This technical Appendix describes the structural model used as part of the Spatial Eco- nomic Research Centre's work for the Northern Way on linkages between the Manchester and Leeds City Regions. A summary of the research, as well as a full report of the findings, can be found on the web-sites...
Persistent link: https://www.econbiz.de/10010745058
-US interregional trade data, we structurally estimate a theory-based gravity equation system featuring endogenous wages and …
Persistent link: https://www.econbiz.de/10011071191
This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the...
Persistent link: https://www.econbiz.de/10010884531
This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization. Firm productivity in a given product is modeled as a combination of firm-level “ability” and firmproduct- level “expertise”, both of which are stochastic and...
Persistent link: https://www.econbiz.de/10011071511
based on the theory of call options, I solve ‘FDI option’ as a put option, thereby also enriching the theory of real options. …
Persistent link: https://www.econbiz.de/10010928806
Gaps in welfare attainment between boys and girls in China have attracted international attention. In this paper demand analysis is used to try and uncover the factors which may be driving the emergence of the gender gaps. Drawing on household expenditure data from a poor (Sichuan) and rich...
Persistent link: https://www.econbiz.de/10010928624
This article introduces the Emergency Purchasing Situation (EPS) as a distinct buying context. EPSs stem from an unexpected event (unanticipated need or timing of a need), as well as high product importance, which are associated with a short time frame for consumer decision-making. Our...
Persistent link: https://www.econbiz.de/10011126285
demand is not homothetic, i.e. when not all expenditure elasticities are equal to one. In principle, economic theory tells us … are many more parameters than observations. Index number theory has solved this problem, at least when demand is …
Persistent link: https://www.econbiz.de/10011071515
This paper develops a new framework for examining the distributional consequences of international trade that incorporates firm and worker heterogeneity, search and matching frictions in the labor market, and screening of workers by firms. Larger firms pay higher wages and exporters pay higher...
Persistent link: https://www.econbiz.de/10010884563
This paper estimates a structural model of economic geography using cross-country data on per capita income, bilateral trade, and the relative price of manufacturing goods. More than 70% of the variation in per capita income can be explained by the geography of access to markets and to sources...
Persistent link: https://www.econbiz.de/10010884566