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Egger, Peter H. - 2013

This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...

Persistent link: https://www.econbiz.de/10013092604

Optimal Education Policies and Comparative Advantage

Bougheas, Spiros - 2009

We consider the optimal education policies of a small economy whose government has a limited budget. Initially, the economy is closed and the government chooses its education policy to maximize welfare under autarky. Then the economy trades with the rest of the world. Lastly, the government...

Persistent link: https://www.econbiz.de/10013160221

Effects of Unilateral Climate Policy on Terms of Trade, Capital Accumulation, and Welfare in a World Economy

Farmer, Karl - 2013

We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...

Persistent link: https://www.econbiz.de/10012753478

Skilled Worker Migration and Trade : Inequality and Welfare

Bougheas, Spiros - 2011

We develop a two-sector, two-country model where trade is driven by technological differences. Each country is populated by large number of heterogeneous workers distinguished by their level of skills. Given that one country has a technological advantage in the skilled intensive good when we...

Persistent link: https://www.econbiz.de/10013132017

Technology, Market Structure and the Gains from Trade

Impullitti, Giammario - 2018

We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. In addition to markups, selection and innovation provide additional channels through which the trade-induced effect on … channels; we find that innovation plays a small but non-negligible role, while the main component is equally split between the …

Persistent link: https://www.econbiz.de/10012930693

Do Multinationals Transfer Culture? Evidence on Female Employment in China

Tang, Heiwai - 2017

We study the global diffusion of culture through multinationals, focusing on gender norms. Using data on manufacturing firms in China over 2004-2007, we find that foreign affiliates from countries with a more gender-equal culture tend to employ proportionally more women and appoint female...

Persistent link: https://www.econbiz.de/10012962989

The Welfare State and the Forces of Globalization

Sinn, Hans-Werner - 2021

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/10013317221

The Value of Technology Improvements in Games with Externalities : A Fresh Look at Offsetting Behavior

Hoy, Michael - 2015

How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...

Persistent link: https://www.econbiz.de/10013033346

Why 'Buy American' is a Bad Idea but Politicians Still Like It

Larch, Mario - 2010

When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including “Buy local” clauses into the...

Persistent link: https://www.econbiz.de/10013136880

Icebergs Versus Tariffs : A Quantitative Perspective on the Gains from Trade

Felbermayr, Gabriel J. - 2013

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize...

Persistent link: https://www.econbiz.de/10013083872

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