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The Role of Exporters and Domestic Producers in GVCs : Evidence for Belgium based on Extended National Supply-and-Use Tables Integrated into a Global Multiregional Input-Output Tab...
Michel, Bernhard - 2018
For a finer analysis of global value chain integration and competitiveness, we develop and apply a method for a micro-data based breakdown of manufacturing industries in the 2010 Belgian supply-and-use tables into export-oriented and domestic market firms. The former are defined as those firms...
Persistent link: https://www.econbiz.de/10012480807
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Accounting for Firm Heterogeneity within U.S. Industries : Extended Supply-Use Tables and Trade in Value Added using Enterprise and Establishment Level Data
Fetzer, James J. - 2018
has shown both the importance of accounting for trade in value added when estimating bilateral trade flows and that … multinational enterprises located in the United States account for the lion's share of U.S. trade in goods and services. However …, trade in value added is typically accounted for using input-output tables that are aggregated across all types of firms. The …
Persistent link: https://www.econbiz.de/10012480900
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Child Skill Production : Accounting for Parental and Market-Based Time and Goods Investments
Caucutt, Elizabeth M. - 2020
Persistent link: https://www.econbiz.de/10012481141
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Persuasion on Networks
Egorov, Georgy - 2020
We analyze persuasion in a model in which each receiver can buy a direct access to the sender's signal or rely on her network connections to get it. For the sender, a higher bias increases the impact per direct receiver, yet diminishes the willingness of agents to receive information. Contrary...
Persistent link: https://www.econbiz.de/10012481484
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Input-Output Networks and Misallocation
Hang, Jing - 2020
This paper develops a framework for studying the macroeconomic costs of resource misallocation. The framework enables the assessment of the conditions under which the existing estimates in the misallocation literature, which are largely based on a value-added production structure and ignore...
Persistent link: https://www.econbiz.de/10012482203
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The Economic Consequences of Sir Robert Peel : A Quantitative Assessment of the Repeal of the Corn Laws
Irwin, Douglas A. - 2020
Britain's repeal of the Corn Laws in 1846 was the signature trade policy event of the nineteenth century. This paper … income distribution, international trade and the terms of trade, and economic welfare based on a detailed input-output matrix … negligibly (0.1 percent) lower, as the static efficiency gains are offset by the adverse terms-of-trade effects of the tariff …
Persistent link: https://www.econbiz.de/10012482361
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Dynamical Structure and Spectral Properties of Input-Output Networks
Liu, Ernest - 2020
We associate a dynamical system with input-output networks and study its spectral properties. Specifically, we develop a dynamic production network model featuring adjustment costs of changing inputs and thus gradual recovery from temporary TFP shocks. First, we explicitly solve for the output...
Persistent link: https://www.econbiz.de/10012482397
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Keynesian Production Networks and the Covid-19 Crisis : A Simple Benchmark
Baqaee, David; Farhi, Emmanuel - National Bureau of Economic Research - 2021
The Covid-19 crisis is an unusual and seemingly all-encompassing economic shock. On the one hand, it was unquestionably a negative demand shock that, for fixed prices and incomes, reduced household spending. On the other hand, it was also unquestionably a negative supply shock that reduced...
Persistent link: https://www.econbiz.de/10012482564
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Misallocation, Economic Growth, and Input-Output Economics
Jones, Charles I. - 2011
One of the most important developments in the growth literature of the last decade is the enhanced appreciation of the role that the misallocation of resources plays in helping us understand income differences across countries. Misallocation at the micro level typically reduces total factor...
Persistent link: https://www.econbiz.de/10012461916
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What the Government Purchases Multiplier Actually Multiplied in the 2009 Stimulus Package
Cogan, John F. - 2010
Much of the recent economic debate about the impact of stimulus packages has focused on the size of the crucial government purchases multiplier. But equally crucial is the size of the government purchases multiplicand--the change in government purchases of goods and services that the multiplier...
Persistent link: https://www.econbiz.de/10012462152