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The Welfare State and the Forces of Globalization
Sinn, Hans-Werner - National Bureau of Economic Research (NBER) - 2007
The emergence of the Asian tiger countries and the participation of the ex-communist countries in world trade has reduced the equilibrium price of labor in western Europe and elsewhere. However, the actual price of labor hardly reacts, because the welfare state's minimum replacement incomes are...
Persistent link: https://www.econbiz.de/10005778918
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Internal Geography, International Trade, and Regional Specialization
Coşar, A. Kerem; Fajgelbaum, Pablo D. - National Bureau of Economic Research (NBER) - 2013
the world. The theory rationalizes patterns of specialization, employment, and relative incomes observed in developing …
Persistent link: https://www.econbiz.de/10010969220
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Trade Theory with Numbers: Quantifying the Consequences of Globalization
Rodriguez-Clare, Andres; Costinot, Arnaud - National Bureau of Economic Research (NBER) - 2013
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...
Persistent link: https://www.econbiz.de/10010969334
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The Comparative Advantage of Cities
Davis, Donald R.; Dingel, Jonathan I. - National Bureau of Economic Research (NBER) - 2014
What determines the distributions of skills, occupations, and industries across cities? We develop a theory to jointly …, their internal urban structures, and a high-dimensional theory of factor-driven comparative advantage. It predicts that … manufacturing industries. The results provide support for our theory's predictions. …
Persistent link: https://www.econbiz.de/10010950777
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Trade Models, Trade Elasticities, and the Gains from Trade
Simonovska, Ina; Waugh, Michael E. - National Bureau of Economic Research (NBER) - 2014
We argue that the welfare gains from trade in new models with micro-level margins exceed those in frameworks without these margins. Theoretically, we show that for fixed trade elasticity, different models predict identical trade flows, but different patterns of micro-level price variation. Thus,...
Persistent link: https://www.econbiz.de/10010951002
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Understanding Long-run Price Dispersion
Crucini, Mario John; Yilmazkuday, Hakan - National Bureau of Economic Research (NBER) - 2013
We use a unique panel of retail prices spanning 123 cities in 79 countries from 1990 to 2005, to uncover six novel properties of long-run international price dispersion. First, at the PPP level, virtually all (91.6%) of price dispersion is attributed to service-sector wages, consistent with a...
Persistent link: https://www.econbiz.de/10010951146
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Sources of Comparative Advantage in Polluting Industries
Broner, Fernando; Bustos, Paula; Carvalho, Vasco M. - National Bureau of Economic Research (NBER) - 2012
We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...
Persistent link: https://www.econbiz.de/10010951352
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Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America
Grubb, Farley - National Bureau of Economic Research (NBER) - 2012
Colonial Americans complained that gold and silver coins (specie) were chronically scarce. These coins could be acquired only through importation. Given unrestricted trade in specie, market arbitrage should have eliminated chronic scarcity. A model of efficient barter and local inside money is...
Persistent link: https://www.econbiz.de/10011271405
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Comparative Advantage and the Welfare Impact of European Integration
Levchenko, Andrei A.; Zhang, Jing - National Bureau of Economic Research (NBER) - 2012
This paper investigates the welfare gains from European trade integration, and the role of comparative advantage in determining the magnitude of those gains. We use a multisector Ricardian model implemented on 79 countries, and compare welfare in the 2000s to a counterfactual scenario in which...
Persistent link: https://www.econbiz.de/10011271455
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The Geography of Development: Evaluating Migration Restrictions and Coastal Flooding
Rossi-Hansberg, Esteban; Desmet, Klaus; Nagy, Dávid … - National Bureau of Economic Research (NBER) - 2015
We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with …
Persistent link: https://www.econbiz.de/10011252659