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A factor augmentation formulation of the value of international trade

Bernhofen, Daniel M.; Brown, John C. - 2012

We propose a normative assessment of the value of international trade that is rooted in production theory and embeds Ricardo's 1817 formulation of the gains from trade into a multi-factor general equilibrium framework. Without imposing strong assumptions on consumer rationality or data from the...

Persistent link: https://www.econbiz.de/10010283601

The Organization of International Trade

Boddin, Dominik - 2019

This paper discusses how international trade is organized from export to trans-boundary transport to import. All … generic trade models in which export and import activities are either organized at arm’s length or in a vertical partnership …. Using a large dataset of maritime transport costs, tariffs and export prices, we test the model predictions and find that …

Persistent link: https://www.econbiz.de/10012892208

Sequential Exporting Across Countries and Products

Albornoz, Facundo; Calvo Pardo, Héctor F.; Corcos, Gregory - 2021

their profitability in different countries and products, but learn it as they start to export. As a consequence, exporters …, we find empirical support consistent with such a mechanism, where firms learn from their initial export experiences and …

Persistent link: https://www.econbiz.de/10013224082

The Trade Impact of the COVID-19 Pandemic

Liu, Xuepeng; Ornelas, Emanuel; Shi, Huimin - 2021

Using a gravity-like approach, we study how Covid-19 deaths and lockdown policies affected countries’ imports from China during 2020. We find that a country’s own Covid-19 deaths and lockdowns significantly reduced its imports from China, suggesting that the negative demand effects prevailed...

Persistent link: https://www.econbiz.de/10013224091

Decoupling Global Value Chains

Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021

Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...

Persistent link: https://www.econbiz.de/10013227605

Local Global Watchdogs : Trade, Sourcing and the Internationalization of Social Activism

Koenig, Pamina; Krautheim, Sebastian; Löhnert, Claudius; … - 2021

NGO campaigns against firms with value chains involving production in developing and emerging economies are a salient feature of economic globalization. What determines the patterns of the internationalization of NGO campaigns? Stylized facts obtained from recently available data containing 102...

Persistent link: https://www.econbiz.de/10013228853

The Variation of Gravity within Countries (or 15 Reasons Why Gravity Should Be Estimated with Domestic Trade Flows)

Yotov, Yoto - 2021

The gravity equation is the workhorse model for analysis of bilateral trade flows. Despite solid theoretical foundations and clear gains from theory-consistent policy analysis, there are still gaps between gravity theory and empirics. This paper focuses on domestic trade flows, and I argue that...

Persistent link: https://www.econbiz.de/10013228864

The Global Sanctions Data Base – Release 3 : COVID-19, Russia, and Multilateral Sanctions

Syropoulos, Constantinos; Felbermayr, Gabriel; … - 2022

This paper introduces the third update/release of the Global Sanctions Data Base (GSDB-R3). The GSDB-R3 extends the period of coverage from 1950-2019 to 1950-2022, which includes two special periods – COVID-19 and the war between Russia and Ukraine. The new update of the GSDB contains a total...

Persistent link: https://www.econbiz.de/10014241203

Skill-Biased Imports, Skill Acquisition, and Migration

Fan, Jingting; Li, Lei - 2023

Imported capital goods, which embody skill-complementary technologies, can increase the supply of skills in developing countries. Focusing on China and using a shift-share design, we show that city-level capital goods import growth increases the local skill share and that both skill acquisition...

Persistent link: https://www.econbiz.de/10014347357

The Financial Channel of the Exchange Rate and Global Trade

Ma, Sai; Schmidt-Eisenlohr, Tim - 2023

This paper provides evidence that the U.S. dollar affects countries’ exports through the financial channel of the exchange rate (Bruno and Shin (2015)). Using global data on trade between countries whose currency is not the U.S. dollar, it documents a positive relationship between the dollar...

Persistent link: https://www.econbiz.de/10014347836