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Persistent link: https://www.econbiz.de/10013480858
-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and …
Persistent link: https://www.econbiz.de/10012794638
of ideas. Traditional trade flows are an imperfect substitute for flows of the underlying ideas. The simplest textbook … trade model shows that a welfare-enhancing move toward freer flows of ideas should be associated with a reduction in … conventional trade. The large quantitative effect from the flow of ideas is evident in the second half of the 20th century as the …
Persistent link: https://www.econbiz.de/10012462900
global trade. Using a new data set on the factor-intensity of traded goods at the industry level, we show that Chinese … for unskilled workers producing these goods in China. When the war ended, trade costs declined, leading to a rise in China …'s terms of trade and further growth in China's export sector. Difference-in-differences regression estimates show that World …
Persistent link: https://www.econbiz.de/10012462973
history analysis, we find that trade was also a pathway of diffusion. Market access served as an important instrument to … encourage a level playing field. The type of trade mattered as much as the volume. In the European core, states emulated the … labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …
Persistent link: https://www.econbiz.de/10012463276
ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We … model. We also take the endogeneity of bilateral trade and freight rates seriously and propose an instrumental variables … late nineteenth century global trade boom. Rather, the most powerful forces driving the boom were those of income growth …
Persistent link: https://www.econbiz.de/10012464507
Two prominent features of globalization in recent decades are the remarkable increase in trade and in migratory flows … workers more than less educated workers. This paper extends a model of trade in differentiated goods to analyse the joint … phenomena of migration and trade in a world where countries use different skill-specific technologies and workers have different …
Persistent link: https://www.econbiz.de/10012465008
What drives globalization today and in the past? We employ a new micro-founded measure of bilateral trade costs based … on a standard model of trade in differentiated goods to address this question. These trade costs gauge the difference … between observed bilateral trade and frictionless trade. They comprise tariffs, transportation costs and all other factors …
Persistent link: https://www.econbiz.de/10012466059
Starting with Romer [1987] and Rivera-Batiz-Romer [1991] economists have been able to model how trade enhances growth … through the creation and import of new varieties. In this framework, international trade increases economic output through two … channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in …
Persistent link: https://www.econbiz.de/10012466154
What is the impact of internationalization (firms raising capital and trading in international markets) on the liquidity of the remaining firms in domestic markets? To address this question, we assemble a panel database of nearly 2,900 firms from 45 emerging economies over the period 1989-2000,...
Persistent link: https://www.econbiz.de/10012466777