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The Impacts of Renminbi Appreciation on Trades Flows and Reserve Accumulation in a Monetary Trade Model
Whalley, John - 2010
Given the rapidly growing reserves in Asia (China, Japan, Korea, Taiwan) and the pressures from trading partners to …, and that changes in trade flows can be substantial. Different treatments of China's processing trade have small impact on … changes in China's trade flow under RMB appreciation, but significant impacts on the change in the surplus. Results are …
Persistent link: https://www.econbiz.de/10012759718
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Trade and Empire
Mitchener, Kris James - 2010
Although many modern studies find large and significant effects of prior colonial status on bilateral trade, there is very little empirical research that has focused on the contemporaneous impact of empire on trade. We employ a new database of over 21,000 bilateral trade observations during the...
Persistent link: https://www.econbiz.de/10012759567
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Bilateralism and Regionalism in Japanese and U.S. Trade and Direct Foreign Investment Patterns
Eaton, Jonathan - 2010
We apply a modified 'gravity model' incorporating measures of factor endowments to analyze Japanese and U.S. bilateral trade flows and direct foreign investment positions with a sample of around 100 countries for the period 1985-1990. Country features that our analysis takes into account are...
Persistent link: https://www.econbiz.de/10012763473
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U.S. International Trade Policies in a World of Industrial Change
Richardson, J. David - 2021
This paper assesses the place of active trade policy in U.S. industrial change.The growing role of imperfectly competitive multinational corporations provides new arguments for more active U.S. trade policy, as does an increased social consensus that governments should insure what markets do...
Persistent link: https://www.econbiz.de/10013228767
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Introduction to "China's Growing Role in World Trade"
Feenstra, Robert C. - 2010
has transformed the country from a negligible player in world trade to the world's second largest exporter, as well as a …
Persistent link: https://www.econbiz.de/10012757882
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China's Foreign Trade and Investment, 1800-1950
Keller, Wolfgang; Shiue, Carol H. - 2022
The First Opium War (1840-42) was a watershed in the history of China. In its aftermath Britain and other countries …-organized under Western management, Western legal institutions were introduced in China in form of courts and legal practices, and … foreigners in China were tried according to the laws of their country of origin (extraterritoriality). To better understand the …
Persistent link: https://www.econbiz.de/10013292241
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Protectionism and the Business Cycle
Barattieri, Alessandro - 2018
We study the consequences of protectionism for macroeconomic fluctuations. First, using high-frequency trade policy data, we present fresh evidence on the dynamic effects of temporary trade barriers. Estimates from country-level and panel VARs show that protectionism acts as a supply shock,...
Persistent link: https://www.econbiz.de/10012926407
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The U.S. Current Account Deficit : Gradual Correction or Abrupt Adjustment?
Edwards, Sebastian - 2010
In this paper I use a large multi-country data set to analyze the determinants of abrupt and large %u201Ccurrent account reversals.%u201D The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by...
Persistent link: https://www.econbiz.de/10012761662
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Trade Integration and Risk Sharing
Kraay, Aart; Ventura, Jaume - 2021
What are the effects of increased trade in goods and services on the trade balance? We study the effects of reducing transport costs in a Ricardian model with complete asset markets. Trade integration has three effects on the structure of the economy: a reduction in the home bias in consumption,...
Persistent link: https://www.econbiz.de/10013218506
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Estimating Cross-Country Differences in Product Quality
Hallak, Juan Carlos - 2008
induced by horizontal and vertical differentiation. We use our method to examine manufacturing product quality among the world …
Persistent link: https://www.econbiz.de/10012772741