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Armington Elasticities in Intermediate Inputs Trade : A Problem in Using Multilateral Trade Data

Saito, Mika - 2004

This paper finds that the estimates of Armington elasticities (the elasticity of substitution between groups of products identified by country of origin) obtained from multilateral trade data can differ from those obtained from bilateral trade data. In particular, the former tends to be higher...

Persistent link: https://www.econbiz.de/10014404121

Exchange Rate Regimes and Location

Ricci, Luca Antonio - 1997

This paper investigates the effects of fixed versus flexible exchange rates on firms’ location choices and on countries’ specialization patterns. In a two-country, two-differentiated-goods monetary model, demand, supply, and monetary (as well as exchange rate) shocks arise after wages are...

Persistent link: https://www.econbiz.de/10014400417

Intra-Industry Trade of Arab Countries : An Indicator of Potential Competitiveness

Kunzel, Peter - 1997

Recent and ongoing agreements to liberalize trade between the European Union (EU) and Arab countries raises the question as to how the latter will fare in a more competitive environment. This paper uses the Grubel-Lloyd intra-industry trade (IIT) index as an indicator of the degree of industrial...

Persistent link: https://www.econbiz.de/10014401214

Financial Globalization, Portfolio Diversification, and the Pattern of International Trade

Koren, Miklós - 2003

-form solutions for the volume and the structure of trade. Empirical results support the implications of the theory. Trade in …

Persistent link: https://www.econbiz.de/10014403975

Employment Protection, International Specialization, and innovation

Saint-Paul, Gilles - 1996

We develop a model to analyze the implications of firing costs on incentives for R & D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labor market will tend to produce relatively secure goods, at a late stage of their product life...

Persistent link: https://www.econbiz.de/10014398371

On the substitution of private and public capital in production

An, Zidong; Kangur, Alvar; Papageorgiou, Chris - 2019

Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by...

Persistent link: https://www.econbiz.de/10012154588

Public Capital and Growth

Arslanalp, Serkan - 2010

This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to...

Persistent link: https://www.econbiz.de/10014412197

Infrastructure Aid, Deindustrialization, and Welfare

Choi, Eun Kwan - 2005

This paper investigates the deindustrialization and welfare effects of infrastructure aid in developing countries. In … the short run, cost-saving infrastructure aid in the export sector increases the domestic wage rate, whereas the same aid … infrastructure aid. Infrastructure aid in the nontraded sector has no effect on domestic factor prices. Laborsaving infrastructure …

Persistent link: https://www.econbiz.de/10014400615

Private Costs and Public Infrastructure : The Mexican Case

Murphy, Russell D. - 2001

One objective of government investment is to develop public infrastructure which may reduce private sector costs. In a … recent fiscal adjustment in Mexico is that it has been carried out, in part, by depleting public infrastructure stocks ….We estimate the effects of public infrastructure on private sector costs in Mexico and calculate the implied optimal …

Persistent link: https://www.econbiz.de/10014399662

Price Imputation and Other Techniques for Dealing with Missing Observations, Seasonality and Quality Change in Price Indices

Armknecht, Paul A. - 1999

Price index compilers frequently face situations where price observations are missing due to seasonal unavailability, supply shortages, or the discontinuation of products. Incorrect treatment of such situations can result in biased price indices. This paper presents statistical imputation...

Persistent link: https://www.econbiz.de/10014400856

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