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In 1966, the philosopher Michael Polanyi observed, "We can know more than we can tell... The skill of a driver cannot be replaced by a thorough schooling in the theory of the motorcar; the knowledge I have of my own body differs altogether from the knowledge of its physiology." Polanyi's...
Persistent link: https://www.econbiz.de/10012458183
overall variation in price gaps. We use a workhorse model of production networks to quantify the productivity gains from …
Persistent link: https://www.econbiz.de/10015145079
of multinational firms' location and production decisions and the welfare implications of multinational production. The … costs of foreign investment are large. Second, I calibrate the model to data on trade and multinational production for … divert a sizable fraction of the production of EU multinationals from the US to Canada …
Persistent link: https://www.econbiz.de/10012456439
The adoption and diffusion of inputs in the production network is at the heart of technological progress. What … existing production network plays a crucial role in the diffusion of inputs and the evolution of technology …
Persistent link: https://www.econbiz.de/10012458639
West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …
Persistent link: https://www.econbiz.de/10012459673
Why do some sellers set nominal prices that apparently do not respond to changes in the aggregate price level? In many models, prices are sticky by assumption; here it is a result. We use search theory, with two consequences: prices are set in dollars, since money is the medium of exchange; and...
Persistent link: https://www.econbiz.de/10012461137
production. At the same time United States experienced a "transportation revolution", a key component of which was the building …
Persistent link: https://www.econbiz.de/10012464237
As production comes to depend more on intangible productive assets, the location of production by multinational firms …, and the resulting distortions for tax reasons of the location of production, are described and it is estimated that for U …Some possibilities for estimating the location of production that could supersede the present dependence on accounting …
Persistent link: https://www.econbiz.de/10012464523
relative factor prices, total production, and output prices. For non-revenue-raising environmental mandates, what are the … incidence model and modifies one sector to include pollution as a factor of production that can be a complement or substitute …
Persistent link: https://www.econbiz.de/10012464994
This paper presents new annual estimates of U.S. production of pig iron and imports of pig iron products dating back to … role of the tariff in fostering the industry's early development. Domestic pig iron production is found to be highly … sensitive to changes in import prices. Although import price fluctuations had a much greater impact on U.S. production than …
Persistent link: https://www.econbiz.de/10012465198