Showing 1 - 10 of 247
We study the instability of hyper-specialization of exports. We have two main findings. (1) Specializations are … emphasis on the nations where the exports originate. The high share of idiosyncratic variance (residual at the source …
Persistent link: https://www.econbiz.de/10012978517
A large literature has documented an association between economic growth and export diversification. We study this question in France between 1836 and 1938. The period witnessed the onset of modern economic growth and sharp changes in the level of international competition. We use a new long...
Persistent link: https://www.econbiz.de/10013010716
nonhomogeneous but nonmonotonic as well. We use the model as a basis for estimating Japanese and U.S. exports and DFI positions … around the world. Consistent with the theory we find that the importance of DFI relative to exports grows with population …, although, contrary to our theory, the elasticity of DFI, as well as exports, with respect to population is less than one. We …
Persistent link: https://www.econbiz.de/10013225821
This paper applies a novel empirical approach to characterising the horizontal-ness and vertical-ness of affiliates based on Yeaple's complex FDI concept. In its simplest form, horizontal-ness is measured as affiliates' local sales share while their vertical-ness is measures as their share of...
Persistent link: https://www.econbiz.de/10013106310
The manufacturing sector in Taiwan has a market structure composed of large numbers of small firms, a focus on less capital-intensive industries, and a dense network of firms specializing in subcontracting and trading services. It has been argued that these features lower the start-up costs of...
Persistent link: https://www.econbiz.de/10013219297
This study examines the relationship between exporting and various performance measures including total factor productivity, using the annual plant-level panel data on Korean manufacturing sector during the period of 1990 to 1998. The two key questions examined are whether exporting improves...
Persistent link: https://www.econbiz.de/10013226951
Proponents of trade liberalization argue that it will force firms to produce closer to the production possibility frontier and that the frontier will move out faster. In particular, plants that export will achieve a higher productivity level. However intuitive the argument, empirical evidence is...
Persistent link: https://www.econbiz.de/10013227223
Many papers have explored the relationship between average tariff rates and economic growth, when theory suggests that the structure of protection is what should matter. We therefore explore the relationship between economic growth and agricultural tariffs, industrial tariffs, and revenue...
Persistent link: https://www.econbiz.de/10012758141
This paper identifies a causal effect of openness to international trade on growth. It does so by using tariff barriers of the United States as instruments for the openness of developing countries. Trade liberalization by a large trading partner causes an expansion in the trade of other...
Persistent link: https://www.econbiz.de/10012760120
adjustment of the current account; and even allow for higher growth if it fosters exports (quot;mercantilistquot; motive). The …
Persistent link: https://www.econbiz.de/10012760512