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Global Trade and the Maritime Transport Revolution

Jacks, David S. - 2008

What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …

Persistent link: https://www.econbiz.de/10012464507

Derivatives Markets for Home Prices

Shiller, Robert J. - 2008

beginnings of real estate derivative markets is the advance in home price index construction methods, notably the repeat sales …

Persistent link: https://www.econbiz.de/10012464687

Derivatives Usage in Risk Management by US and German Non-Financial Firms : A Comparative Survey

Bodnar, Gordon M. - 1998

This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. In … choice of instruments, and the influence of their market view when taking derivative positions. These differences appear to …

Persistent link: https://www.econbiz.de/10012472108

International Comovement in the Global Production Network

Huo, Zhen - 2019

This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...

Persistent link: https://www.econbiz.de/10012479927

Knowledge Transfer Abroad : The Role of U.S. Inventors within Global R&D Networks

Branstetter, Lee - 2018

The location of US multinational foreign R&D has shifted significantly to include emerging markets in addition to traditional Western R&D hubs, resulting in two challenges for multinationals: (1) how to transfer knowledge across geographic distances, and (2) how to facilitate learning when local...

Persistent link: https://www.econbiz.de/10012453261

Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century

Gross, Daniel P. - 2019

Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...

Persistent link: https://www.econbiz.de/10012480205

The Geopolitics of International Trade in Southeast Asia

Coşar, Kerem - 2020

Motivated by the historically tense geopolitical situation in Southeast Asia, we simulate the potential closure of key maritime waterways in the region to predict the impact on trade and welfare. We generate initial (unobstructed) and counterfactual (rerouted) least-cost maritime paths between...

Persistent link: https://www.econbiz.de/10012482267

The Trade Reducing Effects of Market Power in International Shipping

Hummels, David - 2007

Developing countries pay substantially higher transportation costs than developed nations, which leads to less trade and perhaps lower incomes. This paper investigates price discrimination in the shipping industry and the role it plays in determining transportation costs. In the presence of...

Persistent link: https://www.econbiz.de/10012465742

Port Efficiency, Maritime Transport Costs and Bilateral Trade

Clark, Ximena - 2004

Recent literature has emphasized the importance of transport costs and infrastructure in explaining trade, access to markets, and increases in per capita income. For most Latin American countries, transport costs are a greater barrier to U.S. markets than import tariffs. We investigate the...

Persistent link: https://www.econbiz.de/10012468340

Freight Rates and Productivity Gains in British Tramp Shipping 1869-1950

Mohammed, Saif I. Shah - 2003

The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it is flawed, and that its sources offer vastly more information than the Isserlis aggregate contains. The new data confirm the precipitous decline in nominal freight rates before...

Persistent link: https://www.econbiz.de/10012469171

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