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China's Import Demand for Agricultural Products : The Impact of the Phase One Trade Agreement

Feenstra, Robert C.; Hong, Chang - 2022

In December 2019, the United States and China reached a Phase One trade agreement, under which China committed to …, as compared to 2017. We show that the most efficient way for China to increase its imports from the United States is to … mimic the effect of an import subsidy. If China’s agricultural imports did not otherwise grow from their 2017 values, then …

Persistent link: https://www.econbiz.de/10013308202

Long-Run Impacts of Agricultural Shocks on Educational Attainment : Evidence from the Boll Weevil

Baker, Richard B. - 2018

The boll weevil spread across the Southern United States from 1892 to 1922 having a devastating impact on cotton cultivation. The resulting shift away from this child labor–intensive crop lowered the opportunity cost of attending school, and thus the pest increased school enrollment and...

Persistent link: https://www.econbiz.de/10012906300

Commodity Market Disintegration in the Interwar Period

Hynes, William M. - 2009

Using data collected by the International Institute of Agriculture, we document the disintegration of international commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the 1920s, and then a very substantial disintegration...

Persistent link: https://www.econbiz.de/10012764519

The Predictive Content of Commodity Futures

Chinn, Menzie David - 2010

This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy, precious and base metals, and agricultural commodities. In particular, we examine whether futures prices are (1) an unbiased and/or (2) accurate predictor of subsequent spot...

Persistent link: https://www.econbiz.de/10013146511

Trade Diversion and the Initiation Effect : A Case Study of U.S. Trade Remedies in Agriculture

Carter, Colin A. - 2018

This paper estimates the impact of U.S. trade remedy (TR) actions on agricultural trade from 1990 to 2014. Most previous studies of the effects of TR actions have left out agricultural products. We use a four-country oligopolistic trade model to study the impact of TR duties on imports from...

Persistent link: https://www.econbiz.de/10012916175

Firm R&D Investment and Export Market Exposure

Peters, Bettina - 2018

In this article we study differences in the returns to R&D investment between firms that sell in international markets and firms that only sell in the domestic market. We use German firm-level data from the high-tech manufacturing sector to estimate a dynamic structural model of a firm's...

Persistent link: https://www.econbiz.de/10012908466

Endogenous Market Structures in International Trade

Horstmann, Ignatius J.; Markusen, James R. - 2021

Almost all of the large literature on international trade with imperfect competition assumes exogenous market structures. The purpose of this paper is to develop a simple model that generates alternative market structures as Nash equilibria for different parameterizations of the basic model....

Persistent link: https://www.econbiz.de/10013222615

Pricing in International Markets : Lessons from the Economist

Ghosh, Atish R.; Wolf, Holger C. - 2021

Export firms are often assumed to stabilize destination market prices in the face of nominal exchange rate changes in order to protect market share. We show that standard tests of such pricing to market fail to discriminate against the alternative hypothesis of menu costs. As a case study, we...

Persistent link: https://www.econbiz.de/10013246504

Creating Markets for New Vaccines Part I : Rationale

Kremer, Michael - 2021

Malaria, tuberculosis, and the strains of HIV common in Africa kill approximately 5 million people each year. Yet research on vaccines for these diseases remains minimal largely because potential vaccine developers fear that they would not be able to sell enough vaccine at a sufficient price to...

Persistent link: https://www.econbiz.de/10013217594

Market Segmentation and the Sources of Rents from Innovation : Personal Computers in the Late 1980'S

Bresnahan, Timothy; Stern, Scott; Trajtenberg, Manuel - 2021

This paper evaluates the sources of transitory market power in the market for personal computers (PCs) during the late 1980's. Our analysis is motivated by the coexistence of low entry barriers into the PC industry and high rates of innovative investment by a small number of PC manufacturers. We...

Persistent link: https://www.econbiz.de/10013245713

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