Showing 1 - 10 of 26
product varieties, or new foreign suppliers, and determine the effect of this bias on the estimated income elasticity of … index. Using a correction based on the falling expenditure share on sampled countries, we find that the income elasticity of …
Persistent link: https://www.econbiz.de/10013237262
This paper describes the updating of the NBER trade dataset, which now provides U.S. import and export values to the year 2001, disaggregated by Harmonized System (HS), Standard International Trade Classification (SITC), and the U.S. Standard Industrial Classification (SIC) categories. In...
Persistent link: https://www.econbiz.de/10013245505
The recent literature on quid pro quo foreign direct investment (FDI) suggests that FDI may be induced by the threat of protection, and further, that FDI may be used as an instrument to defuse a protectionist threat. This paper uses a panel data set of 4-digit SIC level observations of Japanese...
Persistent link: https://www.econbiz.de/10013104882
This paper offers an explanation for the persistence observed in real exchange rate movements. The model combines pricing to market behavior with sticky prices generated by staggered contracts. A translog preference structure is sued to enhance both features. The paper finds that openness limits...
Persistent link: https://www.econbiz.de/10012763338
The elasticity of substitution between goods from different countries---the Armington elasticity---is important for … many questions in international economics, but its magnitude is subject to debate: the "macro" elasticity between home and … import goods is often found to be smaller than the "micro" elasticity between foreign sources of imports. We investigate …
Persistent link: https://www.econbiz.de/10013055186
estimation method that takes advantage of our access to detailed Chinese Customs data at the commodity level. For example, the …
Persistent link: https://www.econbiz.de/10013219694
We evaluate the endogenous growth hypothesis using sectoral data for South Korea and Taiwan. Our empirical work relies on a direct measure of the variety of products from each sector which can serve as intermediate inputs or as final goods. We test whether changes in the variety of these inputs,...
Persistent link: https://www.econbiz.de/10013222621
This paper reviews empirical methods used to estimate the impact of trade policies under imperfect competition. We decompose the welfare effects of trade policy into four possible channels: (i) a deadweight loss from distorting consumption and production decisions; (ii) a possible gain from...
Persistent link: https://www.econbiz.de/10013232156
gravity equation should have a lower domestic income elasticity for exports of homogeneous goods than of differentiated goods …
Persistent link: https://www.econbiz.de/10013248683
In this paper we examine how to account for growth when new inputs are being created. In particular, we obtain a decomposition of growth into that due to a higher quantity of existing inputs, and that due to a greater range of inputs. This decomposition is first obtained for a single firm, with...
Persistent link: https://www.econbiz.de/10013210592