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Trade Strategy, Investment, and Exports : Another Look at East Asia
Rodrik, Dani - 2021
The export booms in South Korea and Taiwan starting in the early 1960s are anomalous when compared with later export booms in other, non-East Asian countries such as Chile and Turkey. First, these booms have taken place in the context of comparatively small changes in relative prices in favor of...
Persistent link: https://www.econbiz.de/10013217208
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Increasing Returns and All that : A View from Trade
Antweiler, Werner; Trefler, Daniel - 2021
Do scale economies contribute to our understanding of international trade? Do international trade flows encode information about the extent of scale economies? To answer these questions we examine the large class of general equilibrium theories that imply Helpman-Krugman variants of the Vanek...
Persistent link: https://www.econbiz.de/10013212887
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On the Connections between Intertemporal and Intra-Temporal Trades
Ju, Jiandong - 2011
This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra-temporal trade into an intertemporal trade approach of current account. To do so, we consider a dynamic general equilibrium model with tradable sectors of different factor intensities,...
Persistent link: https://www.econbiz.de/10013119039
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Embodied Carbon Tariffs
Boehringer, Christoph - 2014
In a world where the prospects of a global agreement to control greenhouse gas emissions are bleak, the idea of using trade policy as an implicit regulation of foreign emission sources has gained many supporters in countries contemplating unilateral climate policies. Embodied carbon tariffs tax...
Persistent link: https://www.econbiz.de/10013067497
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Some Simple Analytics of Trade and Labor Mobility
Chaudhuri, Shubham - 2007
We study a simple, tractable model of labor adjustment in a trade model that allows us to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, we can use duality techniques to study the equilibrium, and despite its simplicity a rich...
Persistent link: https://www.econbiz.de/10012775867
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Government Finance in the Wake of Currency Crises
Burnside, A. Craig - 2010
This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general...
Persistent link: https://www.econbiz.de/10012762806
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Equilibrium Corporate Finance and Intermediation
Bisin, Alberto - 2014
This paper analyzes a class of competitive economies with production, incomplete financial markets, and agency frictions. Firms take their production, financing, and contractual decisions so as to maximize their value under rational conjectures. We show that competitive equilibria exist and that...
Persistent link: https://www.econbiz.de/10013049698
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Benefits and Spillovers of Greater Competition in Europe : A Macroeconomic Assesment
Bayoumi, Tamim; Laxton, Douglas; Pesenti, Paolo A. - 2021
Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and … labor markets, this paper estimates the macroeconomic benefits and international spillovers of an increase in competition …, greater competition produces large effects on macroeconomic performance, as measured by standard indicators. In particular, we …
Persistent link: https://www.econbiz.de/10013223084
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Competition between Private and Public Schools : Testing Stratification and Pricing Predictions
Epple, Dennis; Figlio, David N.; Romano, Richard E. - 2021
into schools when peer effects are present. The model predicts that competition will lead private schools to give tuition …
Persistent link: https://www.econbiz.de/10013236684
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The U.S. Market for Higher Education : A General Equilibrium Analysis of State and Private Colleges and Public Funding Policies
Epple, Dennis - 2013
policies that emerge from their competition for students. The calibrated version of the model matches well the aggregate …
Persistent link: https://www.econbiz.de/10013077957