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international trade in manufactured goods. These include: 1. Indexes of export prices for the U.S., Germany, and Japan, based on … of domestic prices for the U. S., Germany, and Japan based on export weights; 3. Indexes for developed country exports of … exports of manufactures, and indexes for exports of the U.S., Germany, and Japan on the sane sets of weights. The indexes for …
Persistent link: https://www.econbiz.de/10012475588
Market size and growth rates, per capita income, distance from the United States, and tax rates on U.S. affiliates accounted for about half the variation among developing host countries in most aspects of U.S. FDI activity. Residuals from the equations for one period add greatly to the...
Persistent link: https://www.econbiz.de/10012471935
Examining the relationship between factor endowments and production patterns using international and Japanese regional data, we provide the first empirical confirmation of Ethier's correlation approach to the Rybczynski theorem. Moreover, we find evidence of substantial production indeterminacy....
Persistent link: https://www.econbiz.de/10012471998
Can schools that boost student outcomes reproduce their success at new campuses? We study a policy reform that allowed effective charter schools in Boston, Massachusetts to replicate their school models at new locations. Estimates based on randomized admission lotteries show that replication...
Persistent link: https://www.econbiz.de/10012479746
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
Theories featuring multiple equilibria are now widespread across many fields of economics. Yet little empirical work has asked if such multiple equilibria are salient features of real economies. We examine this in the context of the Allied bombing of Japanese cities and industries in WWII. We...
Persistent link: https://www.econbiz.de/10012468441
For more than a century, educated cities have grown more quickly than comparable cities with less human capital. This fact survives a battery of other control variables, metropolitan area fixed effects and tests for reverse causality. We also find that skilled cities are growing because they are...
Persistent link: https://www.econbiz.de/10012468503
The three largest cities in colonial America remain at the core of three of America's largest metropolitan areas today. This paper asks how Boston has been able to survive despite repeated periods of crisis and decline. Boston has reinvented itself three times: in the early 19th century as the...
Persistent link: https://www.econbiz.de/10012468528
In 2009 and 2010, China undertook a 4 trillion Yuan fiscal stimulus, roughly equivalent to 12 percent of annual GDP. The "fiscal" stimulus was largely financed by off-balance sheet companies (local financing vehicles) that borrowed and spent on behalf of local governments. The off-balance sheet...
Persistent link: https://www.econbiz.de/10012455879
Urban economies are often heavily reliant on a small number of dominant industries, leaving them vulnerable to negative industry-specific shocks. This paper analyzes the long-run impacts of one such event: the large, temporary, and industry-specific shock to the British cotton textile industry...
Persistent link: https://www.econbiz.de/10012458197