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Global Trade and the Maritime Transport Revolution
Jacks, David S. - 2010
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...
Persistent link: https://www.econbiz.de/10012759104
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Competing Engines of Growth : Innovation and Standardization
Acemoglu, Daron - 2010
We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
Persistent link: https://www.econbiz.de/10013144153
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The Elasticity of Trade : Estimates and Evidence
Simonovska, Ina - 2011
Quantitative results from a large class of structural gravity models of international trade depend critically on the elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data...
Persistent link: https://www.econbiz.de/10013129231
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Trade and the Global Recession
Eaton, Jonathan - 2011
in world trade in manufactures during 2008-2009. A shift in final spending away from tradable sectors, largely caused by …
Persistent link: https://www.econbiz.de/10013131675
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Recent Findings on Trade and Inequality
Harrison, Ann E. - 2010
The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality, as it became clear that rising inequality in low- income countries and other features of the data were inconsistent with that model. As a result, economists moved away from...
Persistent link: https://www.econbiz.de/10013137608
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Foreign Affiliate Sales and Trade in Both Goods and Services
Chunding, Li - 2010
(1994) and the GATS there is an incompatibility between measures of world trade in goods and services. Measures of goods …
Persistent link: https://www.econbiz.de/10013139148
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Networks Versus Markets in International Trade
Rauch, James E. - 2012
I propose a network/search view of international trade in differentiated products. I present evidence that supports the view that proximity and common language/colonial ties are more important for differentiated products than for products traded on organized exchanges in matching international...
Persistent link: https://www.econbiz.de/10013113599
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Productivity, Tradability, and the Long-Run Price Puzzle
Bergin, Paul R. - 2012
Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the Balassa- Samuelson' effect. But looking back fifty years, or more, this effect virtually disappears from the data. What is...
Persistent link: https://www.econbiz.de/10013114711
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International Trade and Institutional Change
Levchenko, Andrei A. - 2011
This paper analyzes the impact of international trade on the quality of institutions, such as contract enforcement, property rights, or investor protection. It presents a model in which imperfect institutions create rents for some parties within the economy, and are a source of comparative...
Persistent link: https://www.econbiz.de/10013117386
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Linking External Sector Imbalances and Changing Financial Instability Before the 2008 Financial Crisis
Whalley, John - 2011
supplies over all countries as a group relative to gross world product. This, in turn, is an indication of increasing severity … imbalances relative to GDP than in 2008 for considerable periods of time and with no financial implosion (UK in the pre World War …
Persistent link: https://www.econbiz.de/10013117566