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Trade, Production Sharing, and the International Transmission of Business Cycles
Burstein, Ariel T. - 2010
Countries that are more engaged in production sharing exhibit higher bilateral manufacturing output correlations. We use data on trade flows between US multinationals and their affiliates as well as trade between the United States and Mexican maquiladoras to measure production-sharing trade and...
Persistent link: https://www.econbiz.de/10012759633
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Labor and the Emerging World Economy
Bloom, David E.; Brender, Adi - 2021
This paper explores the emergence of a world economy since 1950 and its implications for the world's labor force. There …, the world economy is still in its adolescence. Rapid integration has occurred among the industrial economies, but … the industrial economies, but not in world income inequality as the income gap between the industrial and developing …
Persistent link: https://www.econbiz.de/10013244874
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Which Parts of Globalization Matter for Catch-Up Growth?
Romer, Paul M. - 2014
Economists devote too much attention to international flows of goods and services and not enough to international flows of ideas. Traditional trade flows are an imperfect substitute for flows of the underlying ideas. The simplest textbook trade model shows that a welfare-enhancing move toward...
Persistent link: https://www.econbiz.de/10013070271
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Specialization and the Volume of Trade : Do the Data Obey the Laws?
Harrigan, James - 2021
The core subjects of trade theory are the pattern and volume of trade: which goods are traded by which countries, and how much of those goods are traded. The first part of the paper discusses evidence on comparative advantage, with an emphasis on carefully connecting theory models to data...
Persistent link: https://www.econbiz.de/10013239950
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An Elementary Theory of Global Supply Chains
Costinot, Arnaud - 2011
This paper develops an elementary theory of global supply chains. We consider a world economy with an arbitrary number …
Persistent link: https://www.econbiz.de/10013127420
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Specialization, Market Access and Real Income
Bartelme, Dominick; Lan, Ting; Levchenko, Andrei A. - 2022
This paper estimates the impact of external demand shocks on real income. Our empirical strategy is based on a first order approximation to a wide class of small open economy models that feature sector-level gravity in trade flows. The framework allows us to measure foreign shocks and...
Persistent link: https://www.econbiz.de/10014089821
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The Seamless World : A Spatial Model of International Specialization
Krugman, Paul R.; Venables, Anthony J. - 2022
a model in which economic space is instead assumed to be continuous, and in which this 'seamless world' spontaneously …
Persistent link: https://www.econbiz.de/10013324610
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Trade, Skills, and Quality Upgrading : A Theory with Evidence from Colombia
Fieler, Ana Cecilia - 2014
We develop a model of international trade with heterogeneous firms and endogenous quality choices. Producing higher quality involves returns to scale, it is intensive in skilled labor and high-quality inputs. Firms' quality choices are interrelated because firms sell their goods to consumers and...
Persistent link: https://www.econbiz.de/10013056584
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Immigrants and Natives in General Equilibrium Trade Models
Trefler, Daniel - 2021
This paper makes three observations about international trade and immigration. (i)" Borjas has argued that immigration may yield a net social benefit even though it hurts those less-skilled workers who directly compete with immigrants. I show that this closed-economy" argument unravels when...
Persistent link: https://www.econbiz.de/10013310551
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Vying for Foreign Direct Investment : A Eu-Type Model of Tax Competition
Razin, Assaf - 2006
This paper brings out the special mechanism through which taxes influence bilateral FDI, when investment decisions are two-fold in the presence of fixed setup flows costs. For each pair of source-host countries, there is a set of factors determining whether aggregate FDI flows will occur at all,...
Persistent link: https://www.econbiz.de/10012782945