Showing 1 - 10 of 80
We review theoretical and empirical work on the economic effects of the United States and China trade relations during … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate … its effects, describe its economic effects, and analyze if this increase in trade protectionism reverted the effects of …
Persistent link: https://www.econbiz.de/10013361989
Firm-to-firm connections in domestic and international production networks play a fundamental role in economic outcomes … a large group of well-established statistical relationships are not useful in improving our understanding of production … networks. We propose an ``elementary" model for production networks based on random matching and firm heterogeneity and …
Persistent link: https://www.econbiz.de/10013388852
. Selection is driven by the capital intensity in entry costs relative to production costs. If trade raises (reduces) the wage …-Ohlin-Samuelson setting. We show that trade need not make selection in the comparative advantage sector stricter as suggested by earlier work … rental ratio, and entry costs are more labor intensive than production costs in a sector, then the ratio of entry cost to …
Persistent link: https://www.econbiz.de/10013462698
The impact of shocks in dynamic environments depends on how forward-looking agents anticipate the path of future fundamentals that shape their decisions. We incorporate flexible beliefs about future fundamentals in a general class of dynamic spatial models, allowing beliefs to be evolving,...
Persistent link: https://www.econbiz.de/10014322891
details of the combined production and transmission network of electricity ("the grid") that determine the supply and losses … trade network, and regional comparative advantage in renewable resources. We use the model to measure the aggregate and …
Persistent link: https://www.econbiz.de/10014337847
we describe their implications for the purpose and design of a trade agreement. Our findings suggest that as currently … designed, the GATT/WTO is well-equipped to allow its member governments to address many, but not all, of the possible trade … of fairness in trade policy as the key input into the appropriate design of fair trade agreements …
Persistent link: https://www.econbiz.de/10015056179
We characterize how firms structure supply chains under climate risk. Using new data on the universe of firm-to-firm transactions from an Indian state, we show that firms diversify sourcing locations, and suppliers exposed to climate risk charge lower prices. Our event-study analysis finds that...
Persistent link: https://www.econbiz.de/10014512072
We investigate the role of information frictions in migration. We develop novel moment inequalities to estimate worker preferences while allowing for unobserved worker-specific information sets, migration costs, and location-specific amenities and prices. Using data on internal migration in...
Persistent link: https://www.econbiz.de/10014544692
incidence rises 4.1% yearly as US sales share halves. Domestic trade shares closely fit revealed relative resistances with trade …
Persistent link: https://www.econbiz.de/10014576571
disaggregated trade in which the two methods diverge …
Persistent link: https://www.econbiz.de/10014226150