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Optimal education policies and comparative advantage
Bougheas, Spiros P.; Kneller, Richard; Riezman, Raymond … - 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/10003850137
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Towards a theory of trade finance
Schmidt-Eisenlohr, Tim - 2011
Shipping goods internationally is risky and takes time. To allocate risk and to finance the time gap between production and sale, a range of payment contracts is utilized. I study the optimal choice between these payment contracts considering one shot transactions, repeated transactions and...
Persistent link: https://www.econbiz.de/10009011800
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Home market effects and the single-sector Melitz model
Felbermayr, Gabriel; Jung, Benjamin - 2011
Increasing-returns-to-scale imperfect competition trade models predict a more than proportionate relationship between the larger country's share in world endowments and its share in producing firms: the so called home market effect (HME). While this result plays a key role in empirical testing,...
Persistent link: https://www.econbiz.de/10009489286
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Market entry costs, underemployment and international trade
Bougheas, Spiros P.; Riezman, Raymond Glenn - 2010
We develop a small, open economy, two-sector model with heterogeneous agents and endogenous participation in a labor matching market. We analyze the implications of asymmetric market entry costs for the patterns of international trade and underemployment. Furthermore, we examine the welfare...
Persistent link: https://www.econbiz.de/10008757576
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Lumpy countries, urbanization, and trade
Brakman, Steven; Marrewijk, Charles van - 2011
Lumpiness of production factors within a country might overturn the predictions for the structure of trade by the factor-abundance (HO) model. Trade patterns, as predicted by this model, can both be magnified or reversed by uneven concentration of production factors within a country. Cities are...
Persistent link: https://www.econbiz.de/10009387234
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Trade, finance and endogenous firm heterogeneity
Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - 2016 - This draft: March 2016
. Export opportunities, instead, shift expected profits to the tail and increase the value of technological heterogeneity. We …. These results can be important for explaining the effect of financial development and factor endowments on export sales. …
Persistent link: https://www.econbiz.de/10011447515
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Turkish delight for some, cold Turkey for others? : The effects of the EU-Turkey Customs Union
Adam, Antonis (contributor); Moutos, Thomas (contributor) - 2005
) are also least similar to Turkey in terms of their export structure, whereas the degree of export similarity between the …
Persistent link: https://www.econbiz.de/10003201728
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Gravity, distance, and international trade
Baier, Scott L.; Kerr, Amanda; Yotov, Yoto V. - 2017
We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...
Persistent link: https://www.econbiz.de/10011611143
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Firm-to-firm trade : imports, exports, and the labor market
Eaton, Jonathan; Kortum, Samuel; Kramarz, Francis - 2022
Customs data reveal heterogeneity and granularity of relationships among buyers and sellers. A key insight is how more exports to a destination break down into more firms selling there and more buyers per exporter. We develop a quantitative general equilibrium model of firm-to-firm matching...
Persistent link: https://www.econbiz.de/10012813858
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Decomposing China's export growth into extensive margin, export quality and quantity effects
Gao, Yue; Whalley, John; Ren, Yonglei - 2013
This paper decomposes the growth of China's export into three parts: growth in the extensive margin, increased quantity … and increased prices; we perform a series of empirical analyses using China’s export data at HS-6 digit to analyze the … characteristics of China's export growth. From 1995 to 2010, China's export growth was mainly driven by quantity growth with a …
Persistent link: https://www.econbiz.de/10009743739