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The Dynamics of Comparative Advantage
Hanson, Gordon H. - 2015
This paper characterizes the dynamic empirical properties of country export capabilities in order to inform modelling … heavy-tailed distribution of industry export capabilities that is approximately log normal and whose shape is stable across … productivities. We establish that mean reversion in export capability, rather than indicative of convergence in productivities or …
Persistent link: https://www.econbiz.de/10012456918
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Firm-to-Firm Trade : Imports, Exports, and the Labor Market
Eaton, Jonathan; Kortum, Samuel; Kramarz, Francis - National Bureau of Economic Research - 2022
Customs data reveal heterogeneity and granularity of relationships among buyers and sellers. A key insight is how more exports to a destination break down into more firms selling there and more buyers per exporter. We develop a quantitative general equilibrium model of firm-to-firm matching that...
Persistent link: https://www.econbiz.de/10012814460
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Learning to Use Trade Agreements
Krishna, Kala - National Bureau of Economic Research - 2021
Free trade or preferential trade areas (PTAs) allow importers who belong to the area to export to each other while …
Persistent link: https://www.econbiz.de/10012659997
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The Structure of Foreign Trade
Helpman, Elhanan - 1998
During the last two decades, new research has greatly advanced our understanding of the structure of world trade. This article reviews the empirical literature that grew out of this effort, emphasizing the ways in which it relied on theoretical developments
Persistent link: https://www.econbiz.de/10012472061
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What's the Use of Factor Contents?
Leamer, Edward E. - 1996
The net imports of labor embodied in international trade has been a fairly small and stable share of the US labor force. From this some conclude that trade has not been a major contributor to the income inequality trends. This is a non sequitur. The labor embodied in trade is jointly determined...
Persistent link: https://www.econbiz.de/10012473414
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Skill Premium and Trade Puzzles : a Solution Linking Production and Preferences
Caron, Justin - 2012
International trade theory is a general-equilibrium discipline, yet most of the standard portfolio of research focuses on the production side of general equilibrium. In addition, we do not have a good understanding of the relationship between characteristics of goods in production and...
Persistent link: https://www.econbiz.de/10012460528
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Is Mexico A Lumpy Country?
Bernard, Andrew B. - 2004
Mexico's experience before and after trade liberalization presents a challenge to neoclassical trade theory. Though labor abundant, it nevertheless exported skill-intensive goods and protected labor-intensive sectors prior to liberalization. Post-liberalization, the relative wage of skilled...
Persistent link: https://www.econbiz.de/10012467789
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Information and Globalization : Wage Co-Movements, Labor Demand Elasticity, and Conventional Trade Liberalization
Rauch, James E. - 2000
We model home country familiarity with business opportunities in a foreign country as a parameter in a matching process between domestic and foreign firms. We show that as familiarity increases the effect of relative national labor supplies on relative national wages declines, the elasticity of...
Persistent link: https://www.econbiz.de/10012471096
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International Trade and Factor Mobility : An Empirical Investigation
Goldberg, Linda S. - 1999
Foreign Direct Investment (FDI) has been growing rapidly, at a pace far exceeding the growth in international trade. Thus, a full understanding of the relationship between trade in goods and FDI is important for obtaining a complete picture of the extent and sources of international linkages. We...
Persistent link: https://www.econbiz.de/10012471592
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US Trade and Wages : The Misleading Implications of Conventional Trade Theory
Edwards, Lawrence - 2010
Conventional trade theory, which combines the Heckscher-Ohlin theory and the Stolper-Samuelson theorem, implies that expanded trade between developed and developing countries will increase wage inequality in the developed countries. This theory is widely applied. It serves as the basis for...
Persistent link: https://www.econbiz.de/10012462550