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production. At the same time United States experienced a quot;transportation revolutionquot;, a key component of which was the … extent of the market …
Persistent link: https://www.econbiz.de/10012769675
sensitive to changes in import prices. Although import price fluctuations had a much greater impact on U.S. production than …This paper presents new annual estimates of U.S. production of pig iron and imports of pig iron products dating back to … role of the tariff in fostering the industry's early development. Domestic pig iron production is found to be highly …
Persistent link: https://www.econbiz.de/10012775911
productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis … production and a low marginal cost of replication, sectors can share the cost to forecast their sector-specific productivity …
Persistent link: https://www.econbiz.de/10012778290
relative factor prices, total production, and output prices. For non-revenue-raising environmental mandates, what are the … general equilibrium impacts on the wage, the return to capital, and relative output prices? Perhaps surprisingly, we cannot … incidence model and modifies one sector to include pollution as a factor of production that can be a complement or substitute …
Persistent link: https://www.econbiz.de/10012751720
The strength of contract enforcement determines how firms source inputs and organize production. Using microdata on … Indian manufacturing plants, we show that production and sourcing decisions appear systematically distorted in states with … of input use. The equilibrium organization of production and the network structure of input-output linkages arise …
Persistent link: https://www.econbiz.de/10012912175
undermined nutrition by displacing local food production. Consistent with this hypothesis, a difference-in-differences estimation … shows that after the arrival of the boll weevil, food production in affected counties rose while cotton production and …
Persistent link: https://www.econbiz.de/10012948921
market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants … of multinational firms' location and production decisions and the welfare implications of multinational production. The … costs of foreign investment are large. Second, I calibrate the model to data on trade and multinational production for …
Persistent link: https://www.econbiz.de/10012992631
How does an economy's production structure determine its macroeconomic response to sectoral distortions? We study a … static framework in which production is organized in an input-output network and firms' production decisions are distorted …
Persistent link: https://www.econbiz.de/10012993222
As production comes to depend more on intangible productive assets, the location of production by multinational firms … ambiguities, and the resulting distortions for tax reasons of the location of production, are described and it is estimated that … sales. Some possibilities for estimating the location of production that could supersede the present dependence on …
Persistent link: https://www.econbiz.de/10012759116
Why do some sellers set nominal prices that apparently do not respond to changes in the aggregate price level? In many … models, prices are sticky by assumption; here it is a result. We use search theory, with two consequences: prices are set in … supply increases, some sellers may keep prices constant, earning less per unit but making it up on volume, so profit stays …
Persistent link: https://www.econbiz.de/10013119345