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The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality, as it became clear that rising inequality in low- income countries and other features of the data were inconsistent with that model. As a result, economists moved away from...
Persistent link: https://www.econbiz.de/10013137608
This paper describes two databases dealing with world bilateral trade flows: the World Trade Database (WTDB) assembled …
Persistent link: https://www.econbiz.de/10013245518
leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
Persistent link: https://www.econbiz.de/10013240307
complexity and productivity, and technological sophistication is complementary to worker ability. We study the co …
Persistent link: https://www.econbiz.de/10013047018
) between-country and within-country inequality. Theory suggests that globalization will have very different implications for … differed greatly across countries: both trade and migration (but not capital flows) made the rich New World more unequal, and … the (less rich) Old World more equal. The evidence on the links between within-country inequality and globalization in the …
Persistent link: https://www.econbiz.de/10013233220
theory and history to be consistent for a wide range of underlying productivity shocks … and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for …
Persistent link: https://www.econbiz.de/10013114711
the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects … channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in …
Persistent link: https://www.econbiz.de/10012760652
Monte Carlo based robustness test is proposed which compares the elasticity of domestic productivity with respect to foreign … larger and explain more of the variation in productivity across countries than if true' bilateral trade patterns are employed …
Persistent link: https://www.econbiz.de/10013249690
Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question "how much of the cross-country income variance can be attributed to...
Persistent link: https://www.econbiz.de/10013249179
We develop a framework for studying trade in vertically and horizontally differentiated products. In our model, consumers with heterogeneous incomes and tastes purchase a homogeneous good as well as making a discrete choice of quality and variety of a differentiated product. The distribution of...
Persistent link: https://www.econbiz.de/10013156428