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How deep is your love? : a quantitative spatial analysis of the transatlantic trade partnership
Krebs, Oliver; Pflüger, Michael - 2015
This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a new quantitative spatial trade model and to use an...
Persistent link: https://www.econbiz.de/10010516481
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Intra-industry trade, involuntary unemployment and macroeconomic stability
Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021
We study the impact of intra-industry trade and capital mobility on steady state welfare and on the stability properties of two countries with identical technologies and preferences. We consider a two-factor overlapping generations model, featuring one-sector of differentiated goods with taste...
Persistent link: https://www.econbiz.de/10012419065
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Occupational choice, aggregate productivity, and trade
Meckl, Jürgen; Weigert, Benjamin - 2011
We propose occupational decisions of heterogeneous individuals as an alternative mechanism of explaining the … Manasse and Turrini (2001) that establish the theoretical base of trade models with heterogeneous firms. Our model is … market integration. Our approach paves the way for detailed analysis of institutions in a heterogeneous firm model to better …
Persistent link: https://www.econbiz.de/10009230184
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Globalization and labor market outcomes : wage bargaining, search frictions, and firm heterogeneity
Felbermayr, Gabriel (contributor); Prat, Julien (contributor) - 2008
We introduce search unemployment à la Pissarides into Melitz' (2003) model of trade with heterogeneous firms. We allow …
Persistent link: https://www.econbiz.de/10003656926
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Welfare in models of trade with heterogeneous firms
Janiak, Alexandre (contributor) - 2008
I illustrate that the welfare improvement property of the Melitz model is due to the shape of the aggregate labor demand curve, which slopes upwards. By slightly changing some assumptions in the model, this curve may have a negative slope. In this case, increases in aggregate productivity result...
Persistent link: https://www.econbiz.de/10003771871
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Disentangling the wage impacts of offshoring on a developing country : theory and policy
Bandyopadhyay, Subhayu; Basu, Arnab K.; Chau, Nancy H.; … - 2016
The various channels through which a reduction in the cost of offshoring can improve wages in a developed country are by now well understood. But does a similar reduction in the offshoring cost also benefit workers in the world's factories in developing countries? Using a parsimonious...
Persistent link: https://www.econbiz.de/10011480815
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Stages of diversification in a neoclassical world
Batista, Catia; Potin, Jacques - 2013
Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...
Persistent link: https://www.econbiz.de/10010221543
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Trade policy and illegal immigration
Bandyopadhyay, Subhayu (contributor);  … - 2005
We use a version of the Meade model to consider the effects of interdependent import tariffs in the presence illegal immigration. First, we consider the small union case and derive the Nash tariff equilibrium for two potential members of a Preferential Trade Agreement (PTA). We analyze...
Persistent link: https://www.econbiz.de/10002770697
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Making sense of Bolkestein-bashing : trade liberalization under segmented labor markets
Saint-Paul, Gilles (contributor) - 2005
Trade liberalization is often met with sharp opposition. Recent examples include the so-called "Bolkestein" directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of goods...
Persistent link: https://www.econbiz.de/10002852797
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North-South trade liberalization and returns to skill in the south : the case of Mexico
Hazarika, Gautam (contributor); Otero, Rafael (contributor) - 2008
This study examines the effect of NAFTA, an instance of North-South trade liberalization, on returns to skill in Mexico. Mexico is abundant in low-skill workers relative to the US and Canada, and so, by the Hecksher-Ohlin-Samuelson trade model, NAFTA ought to have raised the relative earnings of...
Persistent link: https://www.econbiz.de/10003771056