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fluctuations in rainfall to capture the exogenous variation in trade between Germany, France, the U.K., and the Ottoman Empire …
Persistent link: https://www.econbiz.de/10012462618
globalization in France has been a huge growth in vertical specialization -- the completion of the different production stages of a … that in France vertical specialization -- defined as the share of imported inputs in production -- rose from 9% in 1977 to …
Persistent link: https://www.econbiz.de/10012468982
We examine the sales of French manufacturing firms in 113 destinations, including France itself. Several regularities … participation; (3) average sales in France rise very systematically with selling to less popular markets and to more markets. We …
Persistent link: https://www.econbiz.de/10012464037
an improved current account). France's decision to suspend the free coinage of silver in 1876 played a paramount role in … France's decision to end bimetallism was exogenous from the viewpoint of countries on the silver standard. To deal with …
Persistent link: https://www.econbiz.de/10012466369
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10012472755
Persistent link: https://www.econbiz.de/10001511918
Persistent link: https://www.econbiz.de/10001791053
Monetary and fiscal policies require coordination to achieve desired macroeconomic outcomes. The literature since Leeper (1991) has focused on two regimes: monetary dominance and fiscal dominance. In both cases, one policy is active while the other is passive and accommodates the former. We...
Persistent link: https://www.econbiz.de/10015145074
This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...
Persistent link: https://www.econbiz.de/10012468449
While neoclassical theory emphasizes the impact of trade on wage inequality between occupations and sectors, more recent theories of firm heterogeneity point to the impact of trade on wage dispersion within occupations and sectors. Using linked employer-employee data for Brazil, we show that...
Persistent link: https://www.econbiz.de/10012460668