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We develop a Ricardian model of trade in which countries innovate ideas that diffuse across the globe. In this model, the forces of innovation and diffusion combine to shape trade substitution patterns. Innovation makes a country technologically distinct, reducing their substitutability with...
Persistent link: https://www.econbiz.de/10012814404
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their … between globalization and innovation does not differ across the manufacturing and service sectors …
Persistent link: https://www.econbiz.de/10012464166
This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price-setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...
Persistent link: https://www.econbiz.de/10012465091
Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections and the 2000, 2008, and 2016 presidential elections, we detect an ideological realignment that is centered in trade-exposed local labor markets and...
Persistent link: https://www.econbiz.de/10012456043
China's admission into the WTO in 2001 heralded a new era of globalization, increasing both import competition in … during the post globalization period (2003-2019) increased by 11.5% of the corresponding pre-globalization period (1984 … contrast, following globalization, the average aggregate domestic profitability of US firms remained flat, and firms employed …
Persistent link: https://www.econbiz.de/10014512056
Using longitudinal data from the German Socio-Economic Panel, we analyze the effects of exposure to globalization on …
Persistent link: https://www.econbiz.de/10013334338
This paper examines international competition in the commercial aircraft industry. We estimate a discrete choice, differentiated products demand system for wide-body aircraft and examine the Airbus-Boeing rivalry under various assumptions on firm conduct. We then use this structure to evaluate...
Persistent link: https://www.econbiz.de/10012470067
Recently competition policy has become an important trade policy issue, since many policy makers now see competition policy as an important instrument to secure market access' to foreign markets. This paper analyzes this issue both from a theoretical point of view and from the review of the...
Persistent link: https://www.econbiz.de/10012472092
This paper studies how differences in labor market regulations shape countries' comparative advantage in the cross-border provision of labor-intensive services, using administrative data in Europe for the last two decades. I exploit exogenous variation in labor taxes and minimum wages faced by...
Persistent link: https://www.econbiz.de/10014437007
government spending can bolster support for globalization by reducing the risk associated with it in the minds of voters …
Persistent link: https://www.econbiz.de/10012465617