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The Connection between Imported Intermediate Inputs and Exports: Evidence from Chinese Firms
Swenson, Deborah L.; Feng, Ling; Li, Zhiyuan - National Bureau of Economic Research (NBER) - 2012
We use data on Chinese manufacturing firms to study the connection between individual firm imports and firm export outcomes. Since our panel covers the years 2002 to 2006, we can use changes in import tariffs associated with China's WTO entry as instruments. Our regression results show that...
Persistent link: https://www.econbiz.de/10010951193
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What Lies Beneath the Euro's Effect on Financial Integration: Currency Risk, Legal Harmonization, or Trade?
Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - National Bureau of Economic Research (NBER) - 2009
Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms … remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral … euro's impact on financial integration is primarily driven by eliminating the currency risk. Legislative …
Persistent link: https://www.econbiz.de/10005025638
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Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09
Ghironi, Fabio; Bussière, Matthieu; Callegari, Giovanni; … - National Bureau of Economic Research (NBER) - 2011
This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity-adjusted measure of aggregate demand, with the foundation of a stylized theoretical model. We compute the import intensity of demand components by using the OECD Input-Output...
Persistent link: https://www.econbiz.de/10009399161
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Intermediated Trade
Antras, Pol; Costinot, Arnaud - National Bureau of Economic Research (NBER) - 2010
changes in the integration of Walrasian markets, which allow traders from different islands to exchange their goods, and … that intermediation always magnifies the gains from trade under the former type of integration, but leads to more nuanced …
Persistent link: https://www.econbiz.de/10008601686
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Expansion of Trade at the Extensive Margin: A General Gains-from-Trade Result and Illustrative Examples
Markusen, James R. - National Bureau of Economic Research (NBER) - 2010
The basic gains-from-trade theorem makes a stark comparison between completely free trade and complete autarky. This paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring) by adding newly traded goods and services and that...
Persistent link: https://www.econbiz.de/10008627123
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Offshoring in a Ricardian World
Rodriguez-Clare, Andres - National Bureau of Economic Research (NBER) - 2007
Falling costs of coordination and communication have allowed firms in rich countries to fragment their production process and offshore an increasing share of the value chain to low-wage countries. Popular discussions about the aggregate impact of this phenomenon on rich countries have stressed...
Persistent link: https://www.econbiz.de/10005714841
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Intermediation and Economic Integration
Antras, Pol; Costinot, Arnaud - National Bureau of Economic Research (NBER) - 2010
The theory of international trade has paid scant attention to market institutions. Neither neoclassical theory nor new trade models typically specify the process by which supply and demand meet. Yet in the real world, intermediaries play a central role in materializing the gains from exchange...
Persistent link: https://www.econbiz.de/10008548797
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Specialization: Pro- and Anti-globalizing, 1990-2002
Anderson, James; Yotov, Yoto V. - National Bureau of Economic Research (NBER) - 2010
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/10008531881
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A Global View of Economic Growth
Ventura, Jaume - National Bureau of Economic Research (NBER) - 2005
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10005050247
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Missing Gains from Trade?
Melitz, Marc J.; Redding, Stephen James - National Bureau of Economic Research (NBER) - 2014
The theoretical result that there are welfare gains from trade is a central tenet of international economics. In a class of trade models that satisfy a "gravity equation," the welfare gains from trade can be computed using only the open economy domestic trade share and the elasticity of trade...
Persistent link: https://www.econbiz.de/10010821967