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the Multifibre Arrangement (MFA) - spread through Bangladesh's labor markets. Although the end of the MFA was arguably … exogenous to Bangladesh, we instrument export demand with OECD imports to ensure identification. We compare estimates of the ….Unlike in other studies, these local labor market effects dissipate quickly. Furthermore, Bangladesh's export shock was sector …
Persistent link: https://www.econbiz.de/10012838506
study the case of Bangladesh. Bangladesh was the 4th largest apparel supplier to the United States market in 2020. Recent … sector. The economy-wide male-female wage gap for less-educated workers in Bangladesh dropped by more than half with the … either changing minimum wage levels (that are not binding for apparel in Bangladesh) or other changes through time, and are …
Persistent link: https://www.econbiz.de/10014081266
Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a technology that integrates two economies by merging separate social spheres into one. We define a "trembling trade" as a situation in which gains from trade are less than losses in...
Persistent link: https://www.econbiz.de/10013315260
The robust empirical finding that exporting firms are systematically different from firms thatmerely serve domestic consumers has inspired the development of a new brand of tradetheory, the theory of heterogeneous firms and trade. The establishment of a canonical modeldue to Melitz (2003) has...
Persistent link: https://www.econbiz.de/10009522197
Our paper deals with econometric developments for the estimation of the gravity model whichlead to convergent parameter estimates even when a correlation exists between theexplanatory variables and the specific unobservable characteristics of each unit. Weimplement panel data econometric...
Persistent link: https://www.econbiz.de/10005862719
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10013128748
This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which improve the business conditions in one country have...
Persistent link: https://www.econbiz.de/10013134819
The robust empirical finding that exporting firms are systematically different from firms that merely serve domestic consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The establishment of a canonical model due to Melitz (2003) has...
Persistent link: https://www.econbiz.de/10013118266
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...
Persistent link: https://www.econbiz.de/10013125463
The main goal of regionalization is the creation of free trade areas and the guarantee for countries to accede to a widened market. Many studies dealing with the effects of regional free trade agreements on trade flows already exist in the economic literature and the explosion in the number of...
Persistent link: https://www.econbiz.de/10012777021