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Yes. We state closed-form expressions for steady state gains from trade that apply in a class of dynamic trade models that includes dynamic versions of the Krugman (1980), Melitz (2003), and customer capital (e.g., Arkolakis, 2010) models. The gains are a function of the domestic trade share and...
Persistent link: https://www.econbiz.de/10014576594
We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...
Persistent link: https://www.econbiz.de/10013361989
International transactions are costly because they require investments in logistics, contracts, and the acquisition of local institutional knowledge. We posit that a portion of the fixed costs of entering a specific export market can be used toward costs of acquiring imports from that same...
Persistent link: https://www.econbiz.de/10015056127
that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity …
Persistent link: https://www.econbiz.de/10014544694
consequences of changing firm concentration: productivity, distortions, selection into exporting, scale economies, and … firms is attributable to higher productivity growth rather than differential distortions. Exceptional performance of the top …
Persistent link: https://www.econbiz.de/10014635611
We study empirically and theoretically the dynamic effects of the unilateral reduction in import tariffs undertaken by Colombia from 1989-1993, with a particular emphasis on the transition and including any anticipation effects. We develop an asymmetric two-country, multi-sector heterogeneous...
Persistent link: https://www.econbiz.de/10014322766
We provide sufficient statistics for nominal and real wage exposure to productivity shocks in a constant elasticity … wages in each location with respect to productivity shocks in all locations. They are readily computed using commonly … provide theory-consistent measures of locations' exposure to productivity shocks for use in further economic and statistical …
Persistent link: https://www.econbiz.de/10014322852
productivity growth, while the older literature focused on average productivity improvements ("learning"). We use comprehensive … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … productivity gains during the overall 20-year period from 1985 to 2004 were driven largely by improvements in average productivity …
Persistent link: https://www.econbiz.de/10012461925
trade shifts the distribution towards higher average productivity due to entry and exit of firms. These models ignore the … assumption, produce in their 'birth nation.' We show that when firms are allowed to switch locations, new productivity effects … reinforces the big-nation productivity gain while reducing or even reversing the small-nation productivity gain. The small nation …
Persistent link: https://www.econbiz.de/10012461997
, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …
Persistent link: https://www.econbiz.de/10012462187