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We apply a modified 'gravity model' incorporating measures of factor endowments to analyze Japanese and U.S. bilateral trade flows and direct foreign investment positions with a sample of around 100 countries for the period 1985-1990. Country features that our analysis takes into account are...
Persistent link: https://www.econbiz.de/10012473842
Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income level. This relationship is similar to that found for...
Persistent link: https://www.econbiz.de/10012471148
The First Opium War (1840-42) was a watershed in the history of China. In its aftermath Britain and other countries forced open new ports to foreign trade through international treaties. Chinese institutions of trade were abolished and re-organized under Western management, Western legal...
Persistent link: https://www.econbiz.de/10012481413
Case studies of export behavior suggest that firms who penetrate foreign markets reduce entry costs for other potential exporters, either through learning by doing or through establishing buyer- supplier linkages. We pursue the idea that spillovers associated with one firm's export activity...
Persistent link: https://www.econbiz.de/10012473932
In this paper, I selectively review recent literature on illegal migration from Mexico to the United States. I begin by … United States and Mexico are hardly a new phenomenon, yet illegal migration from Mexico did not reach high levels until … recently. An increase in the relative size of Mexico's working-age population, greater volatility in U.S.-Mexico relative wages …
Persistent link: https://www.econbiz.de/10012466514
The Roosevelt Corollary to the Monroe Doctrine marked a turning point in American foreign policy. In 1904, President Roosevelt announced that, not only were European powers not welcome in the Americas, but that the U.S. had the right to intervene in the affairs of Central American and Caribbean...
Persistent link: https://www.econbiz.de/10012467961
In the 1980s, the wages and employment rates of less-skilled Americans fell relative to those of more-skilled workers. This paper examines the contribution of the continuing inflow of less-skilled immigrants and the increasing importance of imports in the U.S. economy to these trends. Our...
Persistent link: https://www.econbiz.de/10012475244
In the absence of distortionary tax and spending policies, freer immigration and trade for a country would often be supported by similar groups thanks to similar impacts on labor income. But government policies that redistribute income may alter the distributional politics. In particular,...
Persistent link: https://www.econbiz.de/10012467659
What are the gains from international trade? And how do immigrants influence this process? While economists have considered these questions before, particularly in the context of aggregate trade flows, there has been no work assessing the relation between immigration and international trade in...
Persistent link: https://www.econbiz.de/10012460696
This paper presents and analyzes the data on the trends in United States international trade and investment since World War II. From this data we can perceive a shrinking United States fraction of manufacturing output and exports, a return to and strengthening of lines of comparative advantage,...
Persistent link: https://www.econbiz.de/10012478671