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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...
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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 …
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-collar) employees working in a plant with an export-sales ratio of 60% earn about 1.8 (0.9) % more than similar employees in otherwise …
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