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Trade in Business Services in General Equilibrium
Markusen, James R. - 2010
Trade in business services has been attracting attention from academic researchers, policy makers, and business journalists. While there are many anecdotes, there has been little in the way of formal theory applied to this issue. In this paper, we adapt a general model of fragmentation of...
Persistent link: https://www.econbiz.de/10012760467
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Endowments, Fiscal Federalism, and the Cost of Capital for States : Evidence from Brazil, 1891-1930
Martinez, Andre - 2010
commodities that were in high demand (e.g., rubber and coffee) between 1891 and 1930 ended up having higher revenues per capita …
Persistent link: https://www.econbiz.de/10013150649
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The Effects of Fair Trade Certification : Evidence from Coffee Producers in Costa Rica
Dragusanu, Raluca - 2018
We study the effects of Fair Trade (FT) certification of coffee on producers and households in Costa Rica. Examining … the production dynamics of the universe of Costa Rican coffee mills from 1999–2014, we find that FT certification is … associated with a higher sales price, greater sales, and more revenues. These effects are greater when global coffee prices are …
Persistent link: https://www.econbiz.de/10012928996
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Poultry in Motion : A Study of International Trade Finance Practices
Antras, Pol - 2011
This paper analyzes the financing terms that support international trade and sheds light on how and why these arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food products, primarily poultry, it begins by describing broad...
Persistent link: https://www.econbiz.de/10013124546
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The Great Trade Collapse
Bems, Rudolfs - 2012
We survey recent literature on the causes of the collapse in international trade during the 2008-2009 global recession. We argue that the evidence points to the collapse in aggregate expenditure, concentrated on trade-intensive durable goods, as the main driver of the trade collapse. Inventory...
Persistent link: https://www.econbiz.de/10013096140
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Monetary Rules for Commodity Traders
Catão, Luis - 2012
We develop a dynamic model of a small open economy that trades commodities whose world prices are subject to realistic random fluctuations, and study the implications of monetary policy alternatives. The model is much more flexible than those of previous studies, especially in allowing to...
Persistent link: https://www.econbiz.de/10013097785
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Carwars : Trying to Make Sense of U.S.-Japan Trade Frictions in the Automobile and Automobile Parts Markets
Levinsohn, James A. - 2012
This paper tries to make sense of the recent trade dispute between the U.S. and Japan in autos and auto parts. The paper argues that there are structural differences between the way that the auto industries are organized in the U.S. and Japan, and that these differences have contributed to the...
Persistent link: https://www.econbiz.de/10013102060
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Trade in Intermediate Inputs and Business Cycle Comovement
Johnson, Robert C. - 2012
Does input trade synchronize business cycles across countries? I incorporate input trade into a dynamic multi-sector model with many countries, calibrate the model to match bilateral input-output data, and estimate trade-comovement regressions in simulated data. With correlated productivity...
Persistent link: https://www.econbiz.de/10013103528
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Supply-Chain Trade : A Portrait of Global Patterns and Several Testable Hypotheses
Baldwin, Richard - 2013
The trade linked to international production networks - supply-chain trade for short - is associated with momentous global economic changes. This paper presents a portrait of the global pattern of supply-chain trade and how it has evolved since 1995. The paper draws on a variety of data sources...
Persistent link: https://www.econbiz.de/10013083394
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How Firms Export : Processing vs. Ordinary Trade with Financial Frictions
Manova, Kalina - 2014
The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choice between processing and ordinary trade –...
Persistent link: https://www.econbiz.de/10013065018