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We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … capital. The model nests structural gravity subsystems for FDI and trade, with accumulation/decumulation of phyisical and … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …
Persistent link: https://www.econbiz.de/10011718208
We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show …
Persistent link: https://www.econbiz.de/10013384886
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...
Persistent link: https://www.econbiz.de/10003813611
role in transmitting these imbalances across countries through the global trade and production network. Fourth, global …
Persistent link: https://www.econbiz.de/10014434281
We quantify the effect of container technology on transport costs and trade by estimating the modal choice between … containerization and breakbulk shipping using micro-level trade data. The model is motivated by novel facts that relate container usage … trade increase since its inception: a quantitative exercise suggests that Turkish and U.S. maritime exports would have been …
Persistent link: https://www.econbiz.de/10011597265
show that, although international trade in a static setting in the wage fund framework has real asymmetric distributional … nullified in the dynamic setting. In fact, trade liberalization is Pareto improving along the balanced growth path. …
Persistent link: https://www.econbiz.de/10012599151
analysis we attempt to emphasize the links and importance of transportation costs for the trade literature and we outline … avenues where we believe interdisciplinary contributions between the international trade and transportation economics fields …
Persistent link: https://www.econbiz.de/10011611143
We quantify the relationships between deep trade liberalization and foreign direct investment (FDI). To this end, we … focus on the effects of Deep Trade Agreements (DTAs), and we rely on a structural framework that simultaneously enables us … effects on FDI; and (iii) obtain partial DTA effects on trade and quantify the impact of DTAs on FDI through trade. We obtain …
Persistent link: https://www.econbiz.de/10013384905
Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited to measures that hurt neither shareholders nor workers. This paper develops a policy proposal, which allows the government to reduce wage costs without changing the income...
Persistent link: https://www.econbiz.de/10011398893