Showing 1 - 10 of 2,005
channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …
Persistent link: https://www.econbiz.de/10012466154
-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed …-level productivity, fixed costs and demand shifters, and use "exact hat algebra" to quantify the effects of a decline in trade costs on …
Persistent link: https://www.econbiz.de/10012480847
raises not only the aggregate productivity of the economy but also its aggregate export intensity, by allowing more firms to …We document a novel stylized fact: Using data for several countries, we show that export activity is disproportionately … productivity sort across city sizes and select into exporting. The model allows us to study the geographic implications of trade …
Persistent link: https://www.econbiz.de/10012482527
that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity …This paper studies the evolution of China's production and trade patterns during its integration into the global … growth acted as a counterforce. Consistent with the data, our model demonstrates that China's trade openness peaked around …
Persistent link: https://www.econbiz.de/10014544694
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
This paper studies the economic consequences of the West's foray into China after the Opium War (1839-42), when Western … nature of China's capital markets. Whereas before the Opium War, coastal cities were of relatively minor importance, the … treaty port system of the West transformed China into an economy focused on coastal areas and on international trade that …
Persistent link: https://www.econbiz.de/10012660082
productivity and the other decreasing transportation costs, and in which agglomeration economies lead to persistence in urban … locations. In countries that developed early, structural transformation due to rising agricultural productivity began at a time …
Persistent link: https://www.econbiz.de/10012456530
, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth … that China sells, rather than goods that China buys. I assess evidence from recent literature on these arguments and …
Persistent link: https://www.econbiz.de/10012462187
We note the absence of prior literature on analytical structures to be used for China and other economies with … empirical literature discussing the productivity effects of Chinese SOE enterprise reform, and wider policy discussion of the …
Persistent link: https://www.econbiz.de/10012465882
OECD growth rate of 2% we find that trade integration with low-wage countries in the decade around China's WTO accession ….7%. China accounts for about half of these growth increases …
Persistent link: https://www.econbiz.de/10012458713