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Gravity, Productivity and the Pattern of Production and Trade

Anderson, James E. - 2009

The effects of geography and productivity on the global pattern of production are captured here in a specific factors gravity model. Simple enough for sharp results, the model is yet rich enough to contain the high dimensional productivity frictions in production and distribution of a many...

Persistent link: https://www.econbiz.de/10012464007

Commodity Trade and the Carry Trade : a Tale of Two Countries

Ready, Robert - 2013

Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...

Persistent link: https://www.econbiz.de/10012459290

The Surprising Instability of Export Specializations

Daruich, Diego - 2016

We study the instability of hyper-specialization of exports. We have two main findings. (1) Specializations are surprisingly unstable: Export ranks are not persistent, and new top products and destinations replace old ones. Measurement error is unlikely to be the main or only determinant of this...

Persistent link: https://www.econbiz.de/10012455811

Killing the Golden Goose? The Decline of Science in Corporate R&D

Arora, Ashish - 2015

Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … also find that the value attributable to scientific research has dropped, whereas the value attributable to technical …

Persistent link: https://www.econbiz.de/10012457764

The Network Structure of International Trade

Chaney, Thomas - 2011

I build a simple dynamic model of the formation of an international social network of importers and exporters. Firms can only export into markets in which they have a contact. They acquire new contacts both at random, and via their network of existing contacts. This model explains (i) the...

Persistent link: https://www.econbiz.de/10012461905

Who Will Fill China's Shoes? The Global Evolution of Labor-Intensive Manufacturing

Hanson, Gordon H. - 2020

In this paper, I review evidence on changing global specialization in labor-intensive exporting. Production of apparel, footwear, furniture, and related products are how many low-income countries first enter export manufacturing. Just as China's rise as a powerhouse in these goods supplanted a...

Persistent link: https://www.econbiz.de/10012482531

The Risk Content of Exports : A Portfolio View of International Trade

Giovanni, Julian di - 2010

It has been suggested that countries which export in especially risky sectors will experience higher output volatility. This paper develops a measure of the riskiness of a country's pattern of export specialization, and illustrates its features across countries and over time. The exercise...

Persistent link: https://www.econbiz.de/10012462648

What Accounts for the Rising Sophistication of China's Exports?

Wang, Zhi - 2008

Chinese exports have become increasingly sophisticated. This has generated anxiety in developed countries as competitive pressure may increasingly be felt outside labor-intensive industries. Using product-level data on exports from different cities within China, this paper investigates the...

Persistent link: https://www.econbiz.de/10012464875

Extending Industry Specialization through Cross-Border Acquisitions

Frésard, Laurent - 2016

We investigate the role of industry specialization in horizontal cross-border mergers and acquisitions. We find that acquirers from more specialized industries in a country are more likely to buy foreign targets in countries that are less specialized in these same industries. The role of...

Persistent link: https://www.econbiz.de/10012455832

International Knowledge Flows : Evidence from Patent Citations

Jaffe, Adam B. - 1998

other citations; (2) patents in the same patent class are approximately 100 times as likely to cite each other as patents … from different patent classes there is not a strong time pattern to this effect; (3) patents whose inventors reside in the …

Persistent link: https://www.econbiz.de/10012472296

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