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A new Ricardian model of trade, growth and inequality
Marjit, Sugata - 2020
The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the … theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to …. Technological progress without physical capital accumulation magnifies inequality in or out of steady state, generating a Picketty …
Persistent link: https://www.econbiz.de/10012312232
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Under attack : terrorism and international trade in France, 2014-16
Nitsch, Volker; Rabaud, Isabelle - 2021
in France over the period from January 2015 to July 2016. Using firm-level data at monthly frequency, we document an … immediate and lasting decline in cross-border trade after a mass terrorist attack. According to our estimates, France’s trade in … particularly strong effects for partner countries with low border barriers to France, for firms with less frequent trade activities …
Persistent link: https://www.econbiz.de/10012533940
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Simply a matter of luck & looks? : predicting elections when both the world economy and the psychology of faces count
Garretsen, Harry; Stoker, Janka I.; Alessie, Rob; … - 2014
Economic research shows that candidates have a higher chance of getting (re-)elected when they have the luck that the world economy does well even though this is beyond their control and unrelated to their competence. Psychological research demonstrates that candidates increase their chances if...
Persistent link: https://www.econbiz.de/10010370176
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Transportation costs and the great divergence
Azarnert, Leonid V. - 2014
This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading...
Persistent link: https://www.econbiz.de/10010347039
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The international economics of natural resources and growth
Thorvaldur Gylfason (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497703
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The impact of financial market frictions on trade flows, capital flows and economic development
Bougheas, Spiros P.; Falvey, Rodney E. - 2011
markets prohibit an economy to specialize in sectors where finance is important. Capital flows and international trade are … complements when countries differ in the degree of development of their financial sectors. Capital flows to countries with more … flows ; capital flows ; financial frictions ; economic development …
Persistent link: https://www.econbiz.de/10009009694
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Natural disasters and the effect of trade on income : a new panel IV approach
Felbermayr, Gabriel; Gröschl, Jasmin - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10009240715
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Growth and trade with frictions : a structural estimation framework
Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015
changes in consumer and producer prices that in turn stimulate or impede physical capital accumulation. At the same time …. The model combines structural gravity with a capital accumulation specification of the transition between steady states …
Persistent link: https://www.econbiz.de/10011298529
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World-trade growth accounting
Egger, Peter; Nigai, Sergey K. - 2016 - This draft: March 2016
We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect components (general equilibrium effects). Furthermore,...
Persistent link: https://www.econbiz.de/10011444883
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Trade openness and income inequality : new empirical evidence
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10012599018