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The impact of international trade on wages
Feenstra, Robert C. (ed.) - 2000
Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing...
Persistent link: https://www.econbiz.de/10001433753
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How Did the Dollar Peg Fail in Asia?
Ito, Takatoshi - 1999
Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the … fluctuation of the growth rate of trade balance is derived. These are the novel features of our model. The export price equation … and export volume equation are estimated for several Asian countries for the sample period of 1981 to 1996. Results are …
Persistent link: https://www.econbiz.de/10012471508
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Measuring the Intensity of Competition in Export Markets
Goldberg, Pinelopi K. - 1995
This paper develops an approach to measuring the intensity of competition in international markets. The method measures the degree of 'outside' competition faced by exporters located in one source country from firms located outside the source country. We use the elasticity of price and quantity...
Persistent link: https://www.econbiz.de/10012473651
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Instrumental Variables and Causal Mechanisms : Unpacking The Effect of Trade on Workers and Voters
Dippel, Christian - 2017
Instrumental variables (IV) are a common means to identify treatment effects. But standard IV methods do not allow us to unpack the complex treatment effects that arise when a treatment and its outcome together cause a second outcome of interest. For example, IV methods have been used to show...
Persistent link: https://www.econbiz.de/10012455472
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Product Mix and Firm Productivity Responses to Trade Competition
Mayer, Thierry - 2016
We document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products … sold in those destinations. In response to positive demand shocks, those French firms skew their export sales towards their … increased competition from demand shocks in export markets - and the induced product mix reallocations - induce productivity …
Persistent link: https://www.econbiz.de/10012456244
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Oil Prices, Welfare and the Trade Balance : An Intertemporal Approach
Svensson, Lars E.O. - 1982
The paper examines welfare effects and the trade balance response to changes in the world oil prices and interest rates for a small oil-importing economy. The trade balance is mainly seen as the difference between saving and investment, and these are derived from intertemporal optimization. It...
Persistent link: https://www.econbiz.de/10012478114
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Trade Integration and Risk Sharing
Kraay, Aart - 2002
What are the effects of increased trade in goods and services on the trade balance? We study the effects of reducing transport costs in a Ricardian model with complete asset markets. Trade integration has three effects on the structure of the economy: a reduction in the home bias in consumption,...
Persistent link: https://www.econbiz.de/10012469911
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Dynamics of the Trade Balance and the Terms of Trade : The S-Curve
Backus, David - 1992
We provide a theoretical interpretation of two features of international data: the countercyclical movements in net exports and the tendency for the trade balance to be negatively correlated with current and future movements in the terms of trade, but positively correlated with past movements....
Persistent link: https://www.econbiz.de/10012474721
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New Directions for Stochastic Open Economy Models
Obstfeld, Maurice - 1999
The paper develops a simple stochastic new open economy macroeconomic model based on sticky nominal wages. Explicit solution of the wage-setting problem under uncertainty allows one to analyze the effects of the monetary regime on welfare, expected output, and the expected terms of trade....
Persistent link: https://www.econbiz.de/10012471471
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Imported Materials Prices, Wage Policy, and Macroeconomic Stabilization
Marston, Richard C. - 1983
This paper analyzes two simple wage rules that keep employment constant when there are shocks to the prices of imported materials. One rule ties nominal wages to the GNP deflator rather than the consumer price index. The second rule, followed by Japan after the second oil price shock, ties the...
Persistent link: https://www.econbiz.de/10012477843