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-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and … innovation. It features the joint selection of firms into innovation and international market participation (in our model, we … for innovation …
Persistent link: https://www.econbiz.de/10012794638
We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
Persistent link: https://www.econbiz.de/10012462712
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...
Persistent link: https://www.econbiz.de/10012464507
pre- World War I, the interwar, and the post-war periods, this paper finds that the Frankel-Romer result is robust to …
Persistent link: https://www.econbiz.de/10012471005
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries. In this data set, there are over one hundred...
Persistent link: https://www.econbiz.de/10012471350
We construct the World Uncertainty Index (WUI) for an unbalanced panel of 143 individual countries on a quarterly basis …
Persistent link: https://www.econbiz.de/10012938732
I explore whether the world trading system of the twentieth century can be adapted to address the challenges of the …
Persistent link: https://www.econbiz.de/10012585431
supporting the entrant has a pro-competition economic effect which benefits consumers all over the world …
Persistent link: https://www.econbiz.de/10012599316
Considerable progress has been made in our understanding of the relationship between international trade and the environment since Gene Grossman and Alan Krueger published their now seminal working paper examining the potential environmental effects of the North American Free Trade Agreement in...
Persistent link: https://www.econbiz.de/10013210048
In the public imagination globalization's adverse effects have loomed large, contributing significantly to the backlash against the political mainstream and the rise of far-right populism. The literature on trade and inequality is in fact exceptionally rich, with important theoretical insights...
Persistent link: https://www.econbiz.de/10012696416