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The Surprising Instability of Export Specializations
Daruich, Diego - 2016
surprisingly unstable: Export ranks are not persistent, and new top products and destinations replace old ones. Measurement error … of this instability: Only 20% of the variation in export growth can be explained by variation in comparative advantage … (source-by-product factors), while another 20% of the variation in export growth can be explained by variation in bilateral …
Persistent link: https://www.econbiz.de/10012455811
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Statistics to Measure Offshoring and its Impact
Feenstra, Robert C. - 2017
We identify "first generation" statistics to measure offshoring as the share of imported intermediate inputs in costs, along with O*NET data to measure the tradability of tasks. These data were used to measure the shifts in relative labor demand and relative wages due to offshoring. A limitation...
Persistent link: https://www.econbiz.de/10012455613
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Diffusion Indexes
Stock, James H. - 1998
predictors, using an approximate dynamic factor model. Estimation is discussed for balanced and unbalanced panels. The estimated …
Persistent link: https://www.econbiz.de/10012472111
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Effective Protection Redux
Anderson, James E. - 1996
This paper rehabilitates the concept of effective rate of protection for use in political economy. The usual definition corresponds to no economically interesting magnitude in general equilibrium. The effective rate of protection for a sector is redefined here as the uniform tariff which is...
Persistent link: https://www.econbiz.de/10012472974
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Measuring the ''World'' Real Interest Rate
King, Mervyn - 2014
Over the past couple of decades, and especially since the financial crisis in 2008-09, real interest rates have collapsed. For much of the past two years they have been negative, but they have been trending down for some while. But how far have real rates fallen? This note computes a measure of...
Persistent link: https://www.econbiz.de/10012458777
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Gravity, Productivity and the Pattern of Production and Trade
Anderson, James E. - 2009
The effects of geography and productivity on the global pattern of production are captured here in a specific factors gravity model. Simple enough for sharp results, the model is yet rich enough to contain the high dimensional productivity frictions in production and distribution of a many...
Persistent link: https://www.econbiz.de/10012464007
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Specialization, Factor Accumulation and Development
Fitzgerald, Doireann - 2004
We estimate the effect of factor proportions on the pattern of manufacturing specialization in a cross-section of OECD countries, taking into account that factor accumulation responds to productivity. We show that the failure to control for productivity differences produces biased estimates. Our...
Persistent link: https://www.econbiz.de/10012468058
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Specialization and the Volume of Trade : Do the Data Obey the Laws?
Harrigan, James - 2001
The core subjects of trade theory are the pattern and volume of trade: which goods are traded by which countries, and how much of those goods are traded. The first part of the paper discusses evidence on comparative advantage, with an emphasis on carefully connecting theory models to data...
Persistent link: https://www.econbiz.de/10012470040
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One Size Fits All? Heckscher-Ohlin Specialization in Global Production
Schott, Peter K. - 2001
of the factor proportions framework and rendering previous estimation results difficult to interpret. To overcome this … problem, we introduce a methodology for aggregating goods that corrects for underlying product variation. Estimation of the …
Persistent link: https://www.econbiz.de/10012470480
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Openness, Specialization, and Productivity Growth in Less Developed Countries
Weinhold, Diana - 1997
we first define a Herfindahl index of production specialization for the manufacturing sector in 39 countries. We then … countries, the index of specialization is positively and significantly correlated with manufacturing productivity growth. We …
Persistent link: https://www.econbiz.de/10012472682