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structure of global supply chain networks. Using an instrumental variable strategy, combined with a novel dataset that links … firm-to-firm global supply chain information with a US establishment database and historical migration data, we find that … the co-ethnic networks formed by immigration have a positive causal impact on global supply chain relationships between …
Persistent link: https://www.econbiz.de/10014250174
-parametric sufficient statistics for arbitrage gains from trade and terms of trade, and a non-parametric elasticity of terms of trade with … respect to supply. For world manufacturing trade 2000-2014, China's gains rose 2%yearly and terms of trade fell 8.3%. US gains … fell 2% yearly and terms of trade rose 5.5%. Counterfactual industrial policy that raises US 2014 world sales share by 1 …
Persistent link: https://www.econbiz.de/10013477299
for time-interval-varying depreciation-cum-adjustment. A time-varying trade elasticity in the structural gravity model is … implied. Our methods explain the 'international elasticity puzzle,' the discrepancy between trade elasticity estimates from … the trade literature and the international real business cycle literature. The same theory-motivated estimating equation …
Persistent link: https://www.econbiz.de/10013477301
We document substantial racial disparities in consumer bankruptcy outcomes and investigate the role of racial bias in contributing to these disparities. Using data on the near universe of US bankruptcy cases and self-reported and manually-identified measures of race, we show that minority filers...
Persistent link: https://www.econbiz.de/10015361451
Fatal school shootings often spark support for stricter gun laws, threatening the gun lobby's influence and agenda. To prevent political fallout, do pro-gun Political Action Committees increase contributions after fatal school shootings? Leveraging a novel dataset of pro-gun PAC contributions...
Persistent link: https://www.econbiz.de/10015421848
Econometricians invest substantial effort in constructing standard errors that yield valid inference under a hypothetical data-generating process. This paper asks a fundamental question: Are the uncertainty statements reported by applied researchers consistent with empirical frequencies? The...
Persistent link: https://www.econbiz.de/10015421913
Researchers increasingly have access to two types of data: (i) large observational datasets where treatment (e.g., class size) is not randomized but several primary outcomes (e.g., graduation rates) and secondary outcomes (e.g., test scores) are observed and (ii) experimental data in which...
Persistent link: https://www.econbiz.de/10015409849
Empirical research in economics often examines the behavior of agents located in a geographic space. In such cases, statistical inference is complicated by the interdependence of economic outcomes across locations. A common approach to account for this dependence is to cluster standard errors...
Persistent link: https://www.econbiz.de/10015398168
We study two-way-fixed-effects regressions (TWFE) with several treatment variables. Under a parallel trends assumption, we show that the coefficient on each treatment identifies a weighted sum of that treatment's effect, with possibly negative weights, plus a weighted sum of the effects of the...
Persistent link: https://www.econbiz.de/10013435126
We study the interpretation of regressions with multiple treatments and flexible controls. Such regressions are often used to analyze stratified randomized control trials with multiple intervention arms, to estimate value-added (for, e.g., teachers) with observational data, and to leverage the...
Persistent link: https://www.econbiz.de/10013334327