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The Impact of AI and Cross-Border Data Regulation on International Trade in Digital Services : A Large Language Model
Sun, Ruiqi; Trefler, Daniel - National Bureau of Economic Research - 2023
The rise of artificial intelligence (AI) and of cross-border restrictions on data flows has created a host of new questions and related policy dilemmas. This paper addresses two questions: How is digital service trade shaped by (1) AI algorithms and (2) by the interplay between AI algorithms and...
Persistent link: https://www.econbiz.de/10014437056
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Financial Crises and the Global Supply Network : Evidence from Multinational Enterprises
Basco, Sergi; Felice, Giulia; Merlevede, Bruno; … - National Bureau of Economic Research - 2023
This paper empirically examines the effects of financial crises on the organization of production of multinational enterprises. We construct a panel of European multinational networks from 2003 through 2015. We use as a financial shock the increase in risk premia between August 2007 and July...
Persistent link: https://www.econbiz.de/10014287317
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Exploiting Complementarity in Applied General-Equilibrium Models : Heterogeneous Firms, Multinationals, Capacity Constraints, Endogenous Zeros
Markusen, James R. - National Bureau of Economic Research - 2024
Applied general-equilibrium (AGE) models have often made compromises to circumvent difficult modeling problems. One of these is avoiding endogenous zeros, ruling out important questions. Traditional perfect competition models: when do technologies or trade links switch from active to inactive or...
Persistent link: https://www.econbiz.de/10014635684
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Growth and Risk : A View from International Trade
Krishna, Pravin; Levchenko, Andrei A.; Ma, Lin; … - National Bureau of Economic Research - 2023
) bilateral exports to the United States. The patterns in the data are consistent with the theory. The mean and the variance of …
Persistent link: https://www.econbiz.de/10014226112
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Trading Places : Mobility Responses of Native and Foreign-Born Adults to the China Trade Shock
Autor, David H.; Dorn, David; Hanson, Gordon H. - National Bureau of Economic Research - 2023
Previous research finds that the greater geographic mobility of foreign than native-born workers following economic shocks helps to facilitate local labor market adjustment to shifting regional economic conditions. We examine the role that immigration may have played in enabling U.S. commuting...
Persistent link: https://www.econbiz.de/10013537796
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Heterogeneity and the FDI versus Export Decision of Japanese Manufacturers
Head, Keith - 2003
others serve foreign markets through exports and/or FDI. When overseas production offers no cost advantages, our model …
Persistent link: https://www.econbiz.de/10012468642
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Japanese and U.S. Exports and Investment as Conduits of Growth
Eaton, Jonathan - 1996
nonhomogeneous but nonmonotonic as well. We use the model as a basis for estimating Japanese and U.S. exports and DFI positions … around the world. Consistent with the theory we find that the importance of DFI relative to exports grows with population …, although, contrary to our theory, the elasticity of DFI, as well as exports, with respect to population is less than one. We …
Persistent link: https://www.econbiz.de/10012473405
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Networked FDI : Sales and Sourcing Patterns of Japanese Foreign Affiliates
Baldwin, Richard - 2012
This paper applies a novel empirical approach to characterising the horizontal-ness and vertical-ness of affiliates based on Yeaple's complex FDI concept. In its simplest form, horizontal-ness is measured as affiliates' local sales share while their vertical-ness is measures as their share of...
Persistent link: https://www.econbiz.de/10012460576
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Tax Policy and Investment in a Global Economy
Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024
We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...
Persistent link: https://www.econbiz.de/10014512034
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FDI and Superstar Spillovers : Evidence from Firm-to-Firm Transactions
Amiti, Mary; Duprez, Cédric; Konings, Jozef; Van … - National Bureau of Economic Research - 2023
Despite competition concerns over the increasing dominance of global corporations, many argue that productivity spillovers from multinationals to domestic firms justify pro- FDI policies. For the first time, we use firm-to-firm transaction data in a developed country to examine the impact of...
Persistent link: https://www.econbiz.de/10014250146