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The United States produced about 80 percent of the world's cotton in the decades prior to the Civil War. How much … monopoly power did the United States possess in the world cotton market and what would have been the effect of an optimal … export tax? This paper estimates the elasticity of foreign demand for U.S. cotton exports and uses the elasticity in a simple …
Persistent link: https://www.econbiz.de/10013210664
Previous literature has discussed the procedural biases that exist in U.S. Department of Commerce (USDOC) dumping margin calculations. This paper examines the evolution of discretionary practices and their role in the rapid increase in average USDOC dumping margins since 1980. Statistical...
Persistent link: https://www.econbiz.de/10013232421
We study whether tariff preferences conferred on South Korean goods through the implementation of the Korea-U.S. Free Trade Agreement (KORUS) drew U.S. import demand away from other U.S. trading partners through the phenomenon known as trade diversion. In the two years following the...
Persistent link: https://www.econbiz.de/10012891323
The purpose of this paper is to apply the theory of Lie transformation groups as developed by the first author, and derive a testable model of production and technical change. The econometric model is then applied to data derived by F. Gollop and D. Jorgenson for U.S. manufacturing industries...
Persistent link: https://www.econbiz.de/10012760052
We study the evolution of individual labor earnings over the life cycle using a large panel data set of earnings histories drawn from U.S. administrative records. Using fully nonparametric methods, our analysis reaches two broad conclusions. First, earnings shocks display substantial deviations...
Persistent link: https://www.econbiz.de/10013029023
This paper estimates the impact of U.S. trade remedy (TR) actions on agricultural trade from 1990 to 2014. Most previous studies of the effects of TR actions have left out agricultural products. We use a four-country oligopolistic trade model to study the impact of TR duties on imports from...
Persistent link: https://www.econbiz.de/10012916175
Between 1800 and 1860, the United States became the preeminent world supplier of cotton as output increased sixty …-fold. Technological changes, including the introduction of improved cotton varieties, contributed significantly to this growth. Measured … output per worker in the cotton sector rose four-fold and large regional differences emerged. By 1840, output per worker in …
Persistent link: https://www.econbiz.de/10013136562
. Using detailed operational, financial, and ownership data from the Japanese cotton spinning industry at the turn of the last …
Persistent link: https://www.econbiz.de/10013058693
During the first half of of the nineteenth century the United States emerged as a major producer of cotton textiles … cotton textiles in the tariff bill of 1816, and during the 1820s manufacturers won increasingly strong protection …
Persistent link: https://www.econbiz.de/10013217191
This paper examines one of the central hypotheses of the New Institutional Economics: that the reform of institutions--the rules and regulations enforced by the State that both permit and bound the operation of markets--is crucial for the process of economic growth. It examines this hypothesis...
Persistent link: https://www.econbiz.de/10013235320