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Trade, education, and the shrinking middle class

Blanchard, Emily; Willmann, Gerald - 2013

We develop a new model of trade in which educational institutions drive comparative advantage and determine the distribution of human capital within and across countries. Our framework exploits a multiplicity of sectors and the continuous support of human capital choices to demonstrate that...

Persistent link: https://www.econbiz.de/10009709971

Comparative advantage in (non-)routine production

Archanskaia, Liza; Van Biesebroeck, Johannes; Willmann, … - 2020

We illustrate a new source of comparative advantage that is generated by countries’ different ability to adjust to technological change. Our model introduces substitution of workers in codifiable (routine) tasks with more efficient machines, a process extensively documented in the labor...

Persistent link: https://www.econbiz.de/10012201549

Can trade really hurt? : An empirical follow-up on Samuelson's controversial paper

Bitzer, Jürgen (contributor); Görg, Holger (contributor); … - 2008

and, more specifically, China. -- International R&D spillovers ; outward foreign direct investment ; export driven …

Persistent link: https://www.econbiz.de/10003758086

Exporters in the financial crisis

Görg, Holger; Spaliara, Marina-Eliza - 2014

most recent financial crisis, estimating models for export market participation decisions and firm growth and survival. The … results indicate that financial variables are highly important in predicting export market entry, especially in the midst of … the global financial crisis. With respect to firm growth and survival, we find that starters and continuous exporters are …

Persistent link: https://www.econbiz.de/10010347353

Cutting through the value chain : the long-run effects of decoupling the East from the West

Felbermayr, Gabriel; Mahlkow, Hendrik; Sandkamp, … - 2022

With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with the...

Persistent link: https://www.econbiz.de/10012888028

Unemployment in an interdependent world

Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...

Persistent link: https://www.econbiz.de/10003872021

Unemployment in an interdependent world

Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2012

Persistent link: https://www.econbiz.de/10011452156

Covid-19 shocking global value chains

Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2020

In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...

Persistent link: https://www.econbiz.de/10012269809

Trade and the spatial distribution of transport infrastructure

Felbermayr, Gabriel; Tarasov, Alexander - 2021

The distribution of transport infrastructure across space is the outcome of deliberate government planning that reflects a desire to unlock the welfare gains from regional economic integration. Yet, despite being one of the oldest government activities, the economic forces shaping the endogenous...

Persistent link: https://www.econbiz.de/10012507897

New trade models, same old emissions?

Sogalla, Robin; Wanner, Joschka; Watabe, Yuta - 2024

This paper investigates the elusive role of productivity heterogeneity in new trade models in the trade and environment nexus. We contrast the Eaton-Kortum and the Melitz models with firm heterogeneity to the Armington and Krugman models without heterogeneity. We show that if firms have a...

Persistent link: https://www.econbiz.de/10014508011