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The network origins of the gains from trade
Bosker, Maarten; Westbrock, Bastian - 2019
In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented supply chains. Towards this end, we study a Ricardian trade model featuring trade in final and intermediate products, and introduce a novel comparative statics approach to...
Persistent link: https://www.econbiz.de/10011986141
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International trade in general oligopolistic equilibrium
Neary, J. Peter - 2015
This paper presents a new model of oligopoly in general equilibrium and explores its implications for positive and normative aspects of international trade. Assuming "continuum-Pollak" preferences, the model allows for consistent aggregation over a continuum of sectors, in each of which a small...
Persistent link: https://www.econbiz.de/10011406571
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Trade and regional economic development
Bühler, Mathias - 2023
A central argument for trade liberalization is that when the 'gains from trade' are shared, countries see large gains in economic development. In this paper, I empirically evaluate this argument and assess the impact of elite capture on regional development. Africa provides a unique study ground...
Persistent link: https://www.econbiz.de/10013540848
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Quantifying the economic effects of an EU-Japan free trade agreement
Benz, Sebastian; Yalçin, Erdal - 2013
The European Union and Japan have recently launched negotiations about a bilateral free trade agreement as means of …
Persistent link: https://www.econbiz.de/10009764931
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A factor augmentation formulation of the value of international trade
Bernhofen, Daniel M.; Brown, John Christopher - 2012
employments in 19th-century Japan permits us to apply this approach to answer the following counterfactual: What factor … 1865-1876? Over the entire period, we find that trade was revealed to be equivalent to a 5.5% increase in Japan's female …. -- gains from trade ; factor augmentation equivalent to trade ; natural experiment of Japan …
Persistent link: https://www.econbiz.de/10009570570
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International trade and stable resolutions of resource disputes
Garfinkel, Michelle Robin; Syropoulos, Constantinos - 2022
We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states' military capacities, but...
Persistent link: https://www.econbiz.de/10013419332
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Limited consumer attention in international trade
Egger, Hartmut; Falkinger, Josef - 2013
This paper introduces a model of limited consumer attention into an otherwise standard new trade theory model with love-of-variety preferences and heterogeneous firms. In this setting, we show that trade liberalization needs not be welfare enhancing if the consumers' capacity to gather and...
Persistent link: https://www.econbiz.de/10009722394
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Heterogeneous workers, trade, and migration
Heiland, Inga; Kohler, Wilhelm - 2013
We argue that the narrative of variety-induced gains from trade in differentiated goods needs revision. If producing differentiated varieties of a good requires differentiated skills and if the work force is heterogeneous in these skills, then firms are likely to have monopsony power. We show...
Persistent link: https://www.econbiz.de/10009792205
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China's gains from WTO accession : imports versus exports
Lai, Ting-Wei; Riezman, Raymond Glenn; Wang, Ping - 2015
We examine the gains from Chinese accession to the WTO. Using Arkolakis, Costinot, and Rodríguez-Clare (2012) we provide a new quantitative welfare measure by dividing the manufacturing sector into import and export sub-sectors. We then evaluate how the increased openness caused by China's...
Persistent link: https://www.econbiz.de/10011406563
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The wage fund theory and the gains from trade in a dynamic Ricardian model
Marjit, Sugata; Nakanishi, Noritsugu - 2021
This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an elaborate dynamic wage fund model in the...
Persistent link: https://www.econbiz.de/10012599151