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production within these goods. Using Chinese official environmental data on air and water pollution, and official trade data, we … relatively cleaner, highly fragmented sectors, and (3) the pollution intensity of Chinese exports has fallen dramatically between … standard model of the pollution intensity of trade, we develop a model that explicitly introduces production fragmentation into …
Persistent link: https://www.econbiz.de/10012464787
This article proposes and evaluates four hypotheses about US pollution and environmental policy over the last half … century. First, air and water pollution have declined substantially, although greenhouse gas emissions have not. Second …, environmental policy explains a large share of these trends. Third, much of the regulation of air and drinking water pollution has …
Persistent link: https://www.econbiz.de/10012696387
(1) The U.S. share of the world's science and engineering graduates is declining rapidly as European and Asian …
Persistent link: https://www.econbiz.de/10012467223
The location of US multinational foreign R&D has shifted significantly to include emerging markets in addition to traditional Western R&D hubs, resulting in two challenges for multinationals: (1) how to transfer knowledge across geographic distances, and (2) how to facilitate learning when local...
Persistent link: https://www.econbiz.de/10012453261
since 1995. The paper draws on a variety of data sources but most heavily on the recent World Input-Output Database. China …
Persistent link: https://www.econbiz.de/10012459705
This paper aims at investigating the relationship between employment and GDP in the United States. We disentangle trend and cyclical employment components by estimating a non-linear Okun's law based on a smooth transition error-correction model that simultaneously accounts for long-term...
Persistent link: https://www.econbiz.de/10012459614
This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...
Persistent link: https://www.econbiz.de/10012464794
Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper...
Persistent link: https://www.econbiz.de/10012455460
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will …
Persistent link: https://www.econbiz.de/10012458092
Since the onset of the global financial crisis, China and the U.S. have reduced their current-account imbalances as a share of GDP to less than half their pre-crisis levels. For China, the reduction in its current-account surplus post-crisis suggests a structural change. Panel regressions for a...
Persistent link: https://www.econbiz.de/10012458924