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Bilateralism and Regionalism in Japanese and U.S. Trade and Direct Foreign Investment Patterns

Eaton, Jonathan - 1995

region. We find that features of a country associated with more trade with either Japan or the United States also tend to be … associated with more DFI from Japan or the United States. U.S. economic relations with Japan and Western Europe provide an … important exception. Despite U.S. concern about its trade deficit with Japan, we find Japan to be much more open to the United …

Persistent link: https://www.econbiz.de/10012473842

Global Rebalancing with Gravity : Measuring the Burden of Adjustment

Dekle, Robert - 2008

We use a forty-two country model of production and trade to assess the implications of eliminating current account imbalances for relative wages, relative GDP's, real wages, and real absorption. How much relative GDP's need to change depends on flexibility of two forms: factor mobility and the...

Persistent link: https://www.econbiz.de/10012464800

Japanese and U.S. Exports and Investment as Conduits of Growth

Eaton, Jonathan - 1996

opposite tendency. Taking population, per capita income, factor endowments, and distance into account, we find Japan to be more …

Persistent link: https://www.econbiz.de/10012473405

Unbalanced Trade

Dekle, Robert - 2007

wage to fall by around 10 percent relative to the country with the largest surplus (Japan). But the prevalence of nontraded … goods means that the real wage in Japan barely rises while the U.S. real wage falls by less than 1 percent. The geographic …

Persistent link: https://www.econbiz.de/10012465619

On the Adequacy or Inadequacy of Keynesian Balance-of-Payments Theory : A Rejoinder

Buiter, Willem H. - 1982

This note again refutes Kuska's proposition that equality between the demand for and supply of money ("money market equilibrium") implies equilibriumin the balance of payments.Indeed, under a regime of fixed exchange rates it is precisely the balance of payments deficit or surplus that...

Persistent link: https://www.econbiz.de/10012478073

Tariffs as Insurance : Optimal Commercial Policy When Domestic Markets Are Incomplete

Eaton, Jonathan - 1981

Free trade is not optimal for a small country that faces uncertain terms of trade if some factors are immobile - ex post, and markets for contingent claims are incomplete. The government can improve social welfare by using commercial policy that serves as a partial substitute for missing...

Persistent link: https://www.econbiz.de/10012478316

Threats and Promises

Eaton, Jonathan - 1994

Global environmental concerns have increased the sensitivity of governments and other parties to the actions of those outside their national jurisdiction. Parties have tried to extend influence extraterritorially both by promising to reward desired behavior and by threatening to punish undesired...

Persistent link: https://www.econbiz.de/10012474062

A Search and Learning Model of Export Dynamics

Eaton, Jonathan; Eslava, Marcela; Jinkins, David; … - National Bureau of Economic Research - 2021

Exporting abroad is much harder than selling at home, and overcoming hurdles to exporting takes time. Our goal is to identify specific barriers to exporting and to measure their importance. We develop a model of firm-level export dynamics that features costly customer search, network effects in...

Persistent link: https://www.econbiz.de/10012599390

Two-Sided Search in International Markets

Eaton, Jonathan; Jinkins, David; Tybout, James R.; Xu, … - National Bureau of Economic Research - 2022

We develop a dynamic model of international business-to-business transactions in which sellers and buyers search for each other, with the probability of a match depending on both individual and aggregate search effort. Fit to customs records on U.S. apparel imports, the model captures key...

Persistent link: https://www.econbiz.de/10012814459

Engines of Growth : Domestic and Foreign Sources of Innovation

Eaton, Jonathan - 1995

United Kingdom, Japan, and the United States. Available data on the capital-output ratio suggest that these countries grew as …

Persistent link: https://www.econbiz.de/10012473670