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Sudden Stops and Output Drops
Chari, Varadarajan V.; Kehoe, Patrick J.; McGrattan, … - 2021
effects of a well-known sudden stop, in Mexico in the mid-1990s, confirms that a drop in output accompanying a sudden stop …
Persistent link: https://www.econbiz.de/10013225175
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Current Account Sustainability : Selected East Asian and Latin American Experiences
Milesi-Ferretti, Gian Maria; Razin, Assaf - 2021
, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential …
Persistent link: https://www.econbiz.de/10013230779
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Capital Market Integration and Wages
Henry, Peter Blair - 2010
For three years after the typical emerging economy opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a control group of countries. The temporary increase in...
Persistent link: https://www.econbiz.de/10013151651
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Free Trade Agreements as Protectionist Devices : Rules of Origin
Krueger, Anne O. - 2011
In this paper it is argued that there is an important protectionist bias inherent in free trade agreements which is not present in custom unions. In any customs union or free trade agreement, one of the critical issues concerns "rules of origin." In a free trade agreement rules of origin have an...
Persistent link: https://www.econbiz.de/10013124656
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Complementarity and Increasing Returns in Intermediate Inputs : A Theoretical and Applied General-Equilibrium Analysis
Lopez de Silanes, Florencio; Markusen, James R.; … - 2021
Conventional analysis in the trade-industrial-organization literature suggests that, when a country has some market power over an imported good, some small level of protection must be welfare improving. This is essentially a terms-of-trade argument that is reinforced if the imported goods are...
Persistent link: https://www.econbiz.de/10013225141
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Task Routineness and Trade Policy Preferences
Blonigen, Bruce A. - 2013
Understanding the formation of individual trade policy preferences is a fundamental input into the modeling of trade policy outcomes. Surprisingly, past studies have found mixed evidence that various labor market and industry attributes of workers affect their trade policy preferences, even...
Persistent link: https://www.econbiz.de/10013075425
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Trade Protectionism and Us Manufacturing Employment
Li, Chunding - 2019
This paper uses a numerical global general equilibrium model to simulate the possible effects of US initiated trade protection measures on US manufacturing employment. The simulation results show that US trade protection measures do not increase but will instead reduce manufacturing employment,...
Persistent link: https://www.econbiz.de/10012870046
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U.S. Manufacturing and an Emerging Mexico
Leamer, Edward E.; Medberry, Chauncey J. - 2021
This paper offers a vision of the future of trade in manufactured products between Mexico and the United States. This … proximity of Mexico and the United States, and also for the continuing wage gap between Mexico and the United States. The vision … liberalized Mexico. Based on the OECD trade patterns, an emerging Mexico will present U.S. export opportunities that are a …
Persistent link: https://www.econbiz.de/10013230190
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Trade Policy, Income Risk, and Welfare
Krebs, Tom; Krishna, Pravin; Maloney, William F. - 2005
This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used...
Persistent link: https://www.econbiz.de/10014065905
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Rethinking the Effects of Financial Liberalization
Broner, Fernando - 2011
During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital inflows from advanced countries that would finance higher investment and growth; (ii) insure...
Persistent link: https://www.econbiz.de/10013132044