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We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...
Persistent link: https://www.econbiz.de/10013361989
We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...
Persistent link: https://www.econbiz.de/10015056161
local institutional knowledge. We posit that a portion of the fixed costs of entering a specific export market can be used … scope. Using a structural model, we estimate that the simultaneous export and import in a given country reduces export and …
Persistent link: https://www.econbiz.de/10015056127
different cities within China, This paper investigates the contributing factors to China's rising export sophistication … the increased overlap between China's export structure and that of high-income countries. Instead, improvement in human … export structure. On the other hand, processing trade, foreign invested firms, and government-sponsored high-tech zones all …
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their mode of export - either directly or indirectly through an intermediary. The model predicts that intermediaries will be …
Persistent link: https://www.econbiz.de/10003934634