Showing 1 - 10 of 1,348
inequality and international migration. This paper explores the skill premium and its link to exports in Latin America, thus … are important in explaining skill premiums. The analysis also suggests that the incidence of exports within industries … underlying industry and country characteristics that explain skill premiums. In particular, higher sectoral exports are …
Persistent link: https://www.econbiz.de/10011394540
. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around … 50% of variation in exports is along the extensive margin --- a quantitative victory for the Melitz framework. The … remaining 50% on the intensive margin (exports per exporting firm) contradicts a special case of Melitz with Pareto …
Persistent link: https://www.econbiz.de/10012480847
present new comprehensive export measures for the middle colonies. We find that aggregate exports in constant prices grew very … to the role of exports as a stimulus for economic growth. Yet their analyses have been handicapped by reliance on one or … two time series to serve as indicators of broader changes rather than considering the export sector as a whole. Here we …
Persistent link: https://www.econbiz.de/10012464314
Japanese exports between 1880 and 1910 increased massively in volume, changed composition, and shifted away from … new disaggregated data set of the bilateral-product level exports for the universe of Japanese trade partners, we find … that changes in various extensive margins (new markets, new goods) account for over 30 percent of export growth over this …
Persistent link: https://www.econbiz.de/10012455200
Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...
Persistent link: https://www.econbiz.de/10012459290
A developing country often pegs its exchange rate to a single currency, such as the U.S. dollar, even though it faces a higher inflation rate than the country to which it is pegged. As a consequence, it experiences real exchange-rate misalignments and a series of easily-anticipated devaluations....
Persistent link: https://www.econbiz.de/10012473942
One of the nest serious consequences of the debt crisis of 1982 has been the reduction in the accessibility to the world capital market for most developing countries. This situation has proved to be particularly serious for Latin American nations. At this juncture, a key question is how to...
Persistent link: https://www.econbiz.de/10012475530
This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy choices, namely monetary independence, exchange rate...
Persistent link: https://www.econbiz.de/10012459214
This paper investigates the effect of export shocks on innovation. On the one hand a positive shock increases market … export market. This in turn reduces profits and therefore innovation incentives particularly for firms with low productivity …. Overall the positive impact of the export shock on innovation is magnified for high productivity firms, whereas it may …
Persistent link: https://www.econbiz.de/10012453117
or stifle innovation. Using three distinct sources of variation to identify rising trade exposure, we provide a causal …-level and technology class-level patent production. Accompanying this fall in innovation, global employment, sales …
Persistent link: https://www.econbiz.de/10012455801