Showing 1 - 10 of 402
tariffs higher up and further down in the value chain depress value added, employment, labor productivity and total factor … productivity to varying degrees. We find no benefits for the sector that enjoys additional protection, yet there is some evidence …
Persistent link: https://www.econbiz.de/10013295005
This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea’s labor … productivity and total factor productivity levels are below the median of other advanced economies. We identify sizable industry …-level productivity gaps in Korea with respect to the global frontier, especially in market-oriented services. Using the OECD’s Product …
Persistent link: https://www.econbiz.de/10014236304
productivity in the manufacturing sector, focusing on the interaction between this policy shock and firm and environment … firm productivity. Specifically, reductions in trade protectionism lead to higher levels and growth of firm productivity …, investment climate, and financial development, do not appear to influence the effect of trade liberalization on firm productivity …
Persistent link: https://www.econbiz.de/10012783227
This paper reassesses the impact of trade liberalization on productivity. We build a new, unique database of effective … linkages. Our findings point to a dominant role of the indirect input market channel in fostering productivity gains. A 1 … percentage point decline in input tariffs is estimated to increase total factor productivity by about 2 percent in the sector …
Persistent link: https://www.econbiz.de/10012982431
While trade integration has been an engine of global growth and prosperity some sectors have been negatively affected by increased imports competition, as expected in theory. Higher labor mobility could lower these adjustment costs. This paper measures the cost of trade integration in a context...
Persistent link: https://www.econbiz.de/10012957843
We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed...
Persistent link: https://www.econbiz.de/10012858385
In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure to a quasi-natural experiment induced by a trade reform in Colombia, we find that firms that have been more exposed to a reduction in intermediate and consumption input or...
Persistent link: https://www.econbiz.de/10012831604
This paper provides empirical evidence that the size of the spillovers from U.S. monetarypolicy to non-oil GDP growth in the GCC countries depends on the level of oil prices. Thepotential channels through which oil prices could affect the effectiveness of monetary policyare discussed. We find...
Persistent link: https://www.econbiz.de/10012843292
This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to other GCC countries are not found to be significant. Equity market movements in Saudi...
Persistent link: https://www.econbiz.de/10012895100
This paper documents the steady increase in intraregional trade in sub-Saharan Africa since 1980, links this rise to important growth spillovers in the region, and identifies the main source countries and those most vulnerable to the economic conditions of others. Estimates show that in the...
Persistent link: https://www.econbiz.de/10012864108