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Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure
Autor, David H. - 2016
. Exploiting the exogenous component of rising trade with China and classifying legislator ideologies by congressional voting …
Persistent link: https://www.econbiz.de/10012982947
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Organizing the Global Value Chain
Antras, Pol - 2012
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10013104981
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Global Supply Chains and Wage Inequality
Costinot, Arnaud - 2012
A salient feature of globalization in recent decades is the emergence of "global supply chains" in which different … top of these chains. This suggests that the consequences of globalization on wage inequality may be very different in …
Persistent link: https://www.econbiz.de/10013107972
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The Rise of Middle Kingdoms : Emerging Economies in Global Trade
Hanson, Gordon H. - 2012
-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled … between 1994 and 2008. One feature of new trade patterns is greater South-South trade. China and India have booming demand for …-South commerce overtakes North-North flows. China's export specialization evolves rapidly over time, revealing a capacity to speed up …
Persistent link: https://www.econbiz.de/10013108243
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Global Macroeconomic and Financial Supervision : Where Next?
Goodhart, Charles - 2013
The overriding practical problem now is the tension between the global financial and market system and the national political and power structures. The main analytical short-coming lies in the failure to incorporate financial frictions, especially default, into our macro-economic models. Neither...
Persistent link: https://www.econbiz.de/10013091914
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Specialization : Pro- and Anti-Globalizing, 1990-2002
Anderson, James E. - 2014
Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti-globalizing effects on 76 countries from 1990-2002. The structural gravity model yields measures of Constructed Home Bias (the ratio of predicted local trade to predicted frictionless local...
Persistent link: https://www.econbiz.de/10013069388
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Which Parts of Globalization Matter for Catch-Up Growth?
Romer, Paul M. - 2014
life expectancies in poor and rich countries began to converge. Another example comes from China, where authorities …
Persistent link: https://www.econbiz.de/10013070271
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Globalization and Multiproduct Firms
Nocke, Volker - 2013
. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …
Persistent link: https://www.econbiz.de/10013076573
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Riding the Wave of Trade : Explaining the Rise of Labor Regulation in the Golden Age of Globalization
Huberman, Michael - 2010
The received view pins the adoption of labor regulation before 1914 on domestic forces. Using directed dyad-year event history analysis, we find that trade was also a pathway of diffusion. Market access served as an important instrument to encourage a level playing field. The type of trade...
Persistent link: https://www.econbiz.de/10013150840
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Monetary Policy in an Era of Global Supply Chains
Wei, Shang-Jin - 2020
We study the implications of global supply chains for the design of monetary policy, using a small-open economy New Keynesian model with multiple stages of production. Within the family of simple monetary policy rules with commitment, a rule that targets separate producer price inflation at...
Persistent link: https://www.econbiz.de/10012844748