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Trade Liberalization in a Multinational-Dominated Industry : A Theoretical and Applied General-Equilibrium Analysis
Hunter, Linda - 2010
A theoretical model is developed and applied to the North American auto industry, motivated by the possibility of US-Mexico …. Using an applied GE model, we find that (A) the gains to Mexico are significant and the effects on the US and Canada are … North American multinationals determine markups, increased imports from Mexico do not result in a rationalization of US and …
Persistent link: https://www.econbiz.de/10013139985
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Government Finance in the Wake of Currency Crises
Burnside, A. Craig - 2010
recent currency crises: Korea (1997), Mexico (1994) and Turkey (2001) …
Persistent link: https://www.econbiz.de/10012762806
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Complementarity and Increasing Returns in Intermediate Inputs : A Theoretical and Applied General-Equilibrium Analysis
Lopez de Silanes, Florencio; Markusen, James R.; … - 2021
Conventional analysis in the trade-industrial-organization literature suggests that, when a country has some market power over an imported good, some small level of protection must be welfare improving. This is essentially a terms-of-trade argument that is reinforced if the imported goods are...
Persistent link: https://www.econbiz.de/10013225141
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Labor Market Frictions, Firm Growth, and International Trade
Fajgelbaum, Pablo D. - 2013
I study the aggregate effects of labor market frictions in a small open economy where firms grow slowly and make fixed export investments. The model features interactions between dynamic investments in exporting and search frictions with job-to-job mobility. A calibration to Argentina's economy...
Persistent link: https://www.econbiz.de/10013074919
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The Labor Market and Macro Volatility : A Nonstationary General-Equilibrium Analysis
Hall, Robert E. - 2021
The evolution of the aggregate labor market is far from smooth. I investigate the success of a macro model in replicating the observed levels of volatility of unemployment and other key variables. I take variations in productivity growth and in exogenous product demand (government purchases plus...
Persistent link: https://www.econbiz.de/10013224895
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Tax Reform and the Dutch Labor Market : an Applied General Equilibrium Approach
Bovenberg, A. Lans; Graafland, Johan J.; De Mooij, Ruud A. - 2021
This paper employs MIMIC, an applied general equilibrium model of the Dutch economy, to explore various tax cuts aimed at combating unemployment and raising labor supply. MIMIC combines modern labor-market theories, a firm empirical foundation detailed description of Dutch labor-market...
Persistent link: https://www.econbiz.de/10013233002
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Comparable Worth in a General Equilibrium Model of the U.S. Economy
Beider, Perry C.; Bernheim, B. Douglas; Fuchs, Victor R.; … - 2021
This paper presents a computable general equilibrium model that simulates the effects on employment, output, wages, and economic efficiency of introducing comparable worth into the U.S. economy. The model calculates economy-wide aggregate impacts and disaggregated results for individuals grouped...
Persistent link: https://www.econbiz.de/10013239176
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Evaluating Labour Adjustment Costs from Trade Shocks : Illustrations for the U.S. Economy Using an Applied General Equilibrium Model with Transactions
Clarete, Ramon L.; Trela, Irene; Whalley, John - 2021
This paper presents a general equilibrium approach to calculating labour adjustment costs induced by trade policy changes or external sector shocks, which we illustrate by analyzing the adjustment consequences of eliminating quotas and tariffs on U.S. imports. In our approach, factor adjustments...
Persistent link: https://www.econbiz.de/10013245717
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Costly Labor Adjustment : General Equilibrium Effects of China's Employment Regulations
Cooper, Russell - 2013
This paper studies the employment, productivity and welfare implications of new Chinese labor regulations intended to protect workers' employment conditions. We estimate a general equilibrium model of costly labor adjustment from data prior to the policy. Using the estimated parameters, we study...
Persistent link: https://www.econbiz.de/10013077658
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Unemployment vs. Mismatch of Talents : Reconsidering Unemployment Benefits
Marimon, Ramon; Zilibotti, Fabrizio - 2022
We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The predictions of our simple model are consistent with the...
Persistent link: https://www.econbiz.de/10014158066