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Services in the Domestic Economy and in World Transactions

Kravis, Irving B. - 1983

A new interest in the role of services in world transactions has been generated by the current efforts of the U. S …. Government to reduce barriers to international trade in services.The paper distinguishes four different classifications of … economic activities between services and corrmodities. Service industries -- those producing non-storable outputs -- have been …

Persistent link: https://www.econbiz.de/10012477978

Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence

Bergin, Paul R. - 1999

This paper offers an explanation for the persistence observed in real exchange rate movements. The model combines pricing to market behavior with sticky prices generated by staggered contracts. A translog preference structure is sued to enhance both features. The paper finds that openness limits...

Persistent link: https://www.econbiz.de/10012471774

Export Prices and Exchange Rates

Kravis, Irving B. - 1977

The present paper is intended to make a modest contribution to an under-standing of one small but important link in this complicated chain of interacting factors. It is a link that has often been ignored because strong simplifying assumptions have until very recently usually been made about it....

Persistent link: https://www.econbiz.de/10012478947

Price Behavior in the Light of Balance of Payments Theories

Kravis, Irving B. - 1977

The purpose of this paper is to describe the behavior of that subset of prices and price indexes that is relevant to the theory of balance of payments adjustment. The theoretical writings on the balance of payments may be viewed at this juncture as falling into two main groups -- the "standard"...

Persistent link: https://www.econbiz.de/10012478950

Globalization, Markups and U.S. Welfare

Feenstra, Robert C. - 2010

This paper is the first attempt to structurally estimate the impact of globalization on markups, and the effect of changing markups on welfare, in a monopolistic competition model. To achieve this, we work with a class of preferences that allow for endogenous markups and firm entry and exit that...

Persistent link: https://www.econbiz.de/10012462906

Staggered Price Setting and Endogenous Persistence

Bergin, Paul R. - 1998

This paper generates persistent effects of a monetary disturbance in the context of staggered price-setters. Previous research has been restricted by the CES functional form to price-setting rules that are constant markups over marginal costs. The present paper considers a translog form for...

Persistent link: https://www.econbiz.de/10012472310

Market Share and Exchange Rate Pass-Through in World Automobile Trade

Feenstra, Robert C. - 1993

This paper explores the relationship between exchange rate pass-through and market share for monopolistically competitive exporters. Under fairly general assumptions we show that pass-through should be high for exporters based in a country with a very large share of total destination market...

Persistent link: https://www.econbiz.de/10012474552

Distance, Demand, and Oligopoly Pricing

Feenstra, Robert C. - 1989

We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi-dimensionally differentiated. We provide an empirical counterpart to recent theoretical work on product differentiation. Using specifications informed by economic theory, we simultaneously...

Persistent link: https://www.econbiz.de/10012475970

The Competitive Position of U.S. Manufacturing Firms

Lipsey, Robert E. - 1985

This paper distinguishes between the competitive position of U.S. firms and that of the U.S. and other countries as geographical locations for production. While the share of the U.S. in world exports of manufactures fellmore than 40 per cent between 1957 and 1977, the share of all U.S. firms...

Persistent link: https://www.econbiz.de/10012477528

Characteristics of U.S. Manufacturing Companies Investing Abroad and their Choice of Production Locations

Lipsey, Robert E. - 1983

The purpose of this paper is to examine the relations among characteristics of U.S. firms, their tendency to invest abroad, and their choice of production locations. The larger the firm, and the higher its profitability, capital intensity, technological Intensity, and the skill level ofits labor...

Persistent link: https://www.econbiz.de/10012477998