Showing 1 - 10 of 163
This paper examines the relative "sophistication" of China's exports to the United States along two dimensions. First, I compare China's export bundle to those of the relatively skill- and capital-abundant members of the OECD as well as to similarly endowed U.S. trading partners. Second, I...
Persistent link: https://www.econbiz.de/10004976953
, facing migration from the rest of the world.Each host country in a competitive regime balances on the margin these gains and …
Persistent link: https://www.econbiz.de/10010821980
We develop a theoretical model of international trade pricing in which individual exporters and importers bargain over the transaction price and exposure to exchange rate fluctuations. We find that the choice of price and invoicing currency reflects the full market structure, including the...
Persistent link: https://www.econbiz.de/10010796576
We develop a stylized EU-type model of a union consisting of rich, capital-abundant and high productivity countries, and poor, capital-scarce and low productivity countries. We address two main issues: the efficiency of tax competition and the effect of factor mobility on the size of the welfare...
Persistent link: https://www.econbiz.de/10010796720
This article reviews the state of the international trade literature on multinational firms. This literature addresses three main questions. First, why do some firms operate in more than one country while others do not? Second, what determines in which countries production facilities are...
Persistent link: https://www.econbiz.de/10010969233
Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called "fire-sale FDI". Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental...
Persistent link: https://www.econbiz.de/10010950634
markets during all states of the world and "contagion" as the spillovers from extreme negative events. Interdependence has …
Persistent link: https://www.econbiz.de/10010950725
since 1995. The paper draws on a variety of data sources but most heavily on the recent World Input-Output Database. China …
Persistent link: https://www.econbiz.de/10010951282
Over the years, there emerged two key policy differences between Europe and America, both welfare and migration-states. The former has more generous welfare state and more liberal migration policies than the latter. In this paper we attempt to provide a political-economy explanation for these...
Persistent link: https://www.econbiz.de/10010951466
Why do firms decide to offshore certain parts of their production process? What qualifies certain countries as particularly attractive locations to offshore? In this paper we address these questions with a theory of international production hierarchies in which organizations arise endogenously...
Persistent link: https://www.econbiz.de/10005040664