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Did the 2018/19 US-China trade war trigger adjustment of Global Value Chains (GVCs) and nearshoring to Mexico? We … address this question with confidential longitudinal firm-level trade data from Mexico that covers the universe of … in GVC activities in Mexico with linkages to Asian and US-based GVCs. Our analysis also reveals increased net exports and …
Persistent link: https://www.econbiz.de/10014340112
A standard finding in the political economy of trade policy literature is that we should expect export-oriented industries to attract more assistance than import-competing industries. In reality, however, trade policy is heavily biased toward supporting import industries. This paper shows within...
Persistent link: https://www.econbiz.de/10003112687
Mexico and Canada experiencing the biggest reductions. -- trade costs ; gravity ; multilateral resistance ; Ricardian trade …
Persistent link: https://www.econbiz.de/10009349934
The standard model of strategic tax competition assumes that government policymakers are perfectly benevolent, acting solely to maximize the utility of the representative resident in their jurisdiction. We depart from this assumption by allowing for the possibility that policymakers also may be...
Persistent link: https://www.econbiz.de/10003985850
We analyze Nash equilibria of share and probabilistic contests when players have distributional preferences. If players are sufficiently similar, distributional preferences create multiple equilibria. For the case of only mildly heterogeneous players, equilibrium effort can be lower as well as...
Persistent link: https://www.econbiz.de/10009727108
This paper identifies globalization as a factor behind the rapid increase in executive compensation and inequality over the last few decades. Employing comprehensive data on top executives at major U.S. companies, we show that compensation is higher at more global firms. We find that pay...
Persistent link: https://www.econbiz.de/10011741873
Persistent link: https://www.econbiz.de/10003377300
Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...
Persistent link: https://www.econbiz.de/10009010513
Persistent link: https://www.econbiz.de/10003496720
When traditional methods for measuring economic welfare are scarce or unreliable, heights and BMIs are now well accepted measurements that represent biological conditions during economic development. Weight, after controlling for height, is an alternative measure to BMI for current net...
Persistent link: https://www.econbiz.de/10011374201