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Scale and the Origins of Structural Change
Buera, Francisco J.; Kaboski, Joseph P. - 2009
Structural change involves a broad set of trends: (i) sectoral reallocations, (ii) rich movements of productive activities between home and market, and (iii) an increase in the scale of productive units. After extending these facts, we develop a model to explain them within a unified framework....
Persistent link: https://www.econbiz.de/10014216093
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(Trade) War and Peace : How to Impose International Trade Sanctions
de Souza, Gustavo; Hu, Naiyuan; Li, Haishi; Mei, Yuan - 2022
Trade sanctions are a common instrument of diplomatic retaliation. To guide current and future policy, we ask: What is the most cost-efficient way to impose trade sanctions? To answer this question, we build a quantitative model of international trade with input-output connections. Sanctioning...
Persistent link: https://www.econbiz.de/10014243316
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Empirical Research on Sovereign Debt and Default
Tomz, Michael - 2012
literature, we emphasize parallel developments in the theory of sovereign debt. One major theme emerges. Although recent research … theory and data …
Persistent link: https://www.econbiz.de/10013097374
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The Global Labor Market Impact of Emerging Giants : A Quantitative Assessment
Levchenko, Andrei A. - 2013
frictions. Under perfect within-country factor mobility, the gains to the rest of the world from trade integration of emerging … relatively little to the aggregate gains, but has large distributional effects. The aggregate gains to the rest of the world are …
Persistent link: https://www.econbiz.de/10013076647
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The Global Diffusion of Ideas
Buera, Francisco J. - 2019
We provide a tractable theory of innovation and technology diffusion to explore the role of international trade in the …
Persistent link: https://www.econbiz.de/10012902708
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What Drives Bank Funding Spreads?
King, Thomas B. - 2014
We use matched, bank-level panel data on Libor submissions and credit default swaps to decompose bank-funding spreads at several maturities into components reflecting counterparty credit risk and funding-market liquidity. To account for the possibility that banks may strategically misreport...
Persistent link: https://www.econbiz.de/10013040032
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The Effects of the Great Migration on Urban Renewal
Shi, Ying; Hartley, Daniel A.; Mazumder, Bhashkar; … - 2021
The Great Migration significantly increased the number of African Americans moving to northern and western cities beginning in the first half of the twentieth century. We show that their arrival shaped “slum clearance” and urban redevelopment efforts in receiving cities. To estimate the...
Persistent link: https://www.econbiz.de/10013234774
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Global Innovation Spillovers and Productivity : Evidence from 100 Years of World Patent Data
Berkes, Enrico; Manysheva, Kristina; Mestieri, Marti - 2022
We use a panel of historical patent data covering a large range of countries over the past century to study the evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international knowledge spillovers as measured by patent citations since...
Persistent link: https://www.econbiz.de/10013289325
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Structural Change and Global Trade
Lewis, Logan; Monarch, Ryan; Sposi, Michael; Zhang, Jing - 2021
Services, which are less traded than goods, rose from 58 percent of world expenditure in 1970 to 79 percent in 2015 … consumption has affected trade. Without structural change, we find that the world trade to GDP ratio would be 15 percentage points … in trade costs, ongoing structural change implies that world trade as a share of GDP would eventually decline. Going …
Persistent link: https://www.econbiz.de/10013314999
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Financialization in Commodity Markets
Chari, V. - 2017
The financialization view is that increased trading in commodity futures markets is associated with increases in the growth rate and volatility of commodity spot prices. This view gained credence because in the 2000s trading volume increased sharply and many commodity prices rose and became more...
Persistent link: https://www.econbiz.de/10012947591