Narrow search
Showing 1 - 10 of 3,066
Cover Image
Increasing Returns and All That : A View From Trade
Antweiler, Werner - 2000
Do scale economies contribute to our understanding of international trade? Do international trade flows encode information about the extent of scale economies? To answer these questions we examine the large class of general equilibrium theories that imply Helpman-Krugman variants of the Vanek...
Persistent link: https://www.econbiz.de/10012470795
Cover Image
Efficiency and the Bear : Short Sales and Markets around the World
Goetzmann, William N. - 2003
We analyze cross-sectional and time series information from forty-seven equity markets around the world, to consider …
Persistent link: https://www.econbiz.de/10012469237
Cover Image
Capital Account Liberalization, Institutions and Financial Development : Cross Country Evidence
Chinn, Menzie D. - 2002
The empirical relationship between capital controls and the financial development of credit and equity markets is examined. We extend the literature on this subject along a number of dimensions. Specifically, we (1) investigate a substantially broader set of proxy measures of financial...
Persistent link: https://www.econbiz.de/10012469747
Cover Image
Stock Market Liberalizations and the Repricing of Systematic Risk
Chari, Anusha - 2001
(investible) are repriced according to the difference in the covariance of their returns with the local and world market. An … investible firm whose return covariance with the local market exceeds that with the world market by 0.01 will experience a firm … no significant relationship to differences in local and world covariances. These findings suggest that the CAPM has …
Persistent link: https://www.econbiz.de/10012470459
Cover Image
Does Financial Liberalization Spur Growth?
Bekaert, Geert - 2001
We show that equity market liberalizations, on average, lead to a one percent increase in annual real economic growth over a five-year period. The liberalization effect is not spuriously accounted for by macro-economic reforms and does not reflect a business cycle effect. Although financial...
Persistent link: https://www.econbiz.de/10012470479
Cover Image
The Choice of Structural Model in Trade-Wages Decompositions
Abrego, Lisandro - 1999
This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventional mobile factors Heckscher-Ohlin models typically reveal problems of...
Persistent link: https://www.econbiz.de/10012471472
Cover Image
International Trade and Factor Mobility : An Empirical Investigation
Goldberg, Linda S. - 1999
Foreign Direct Investment (FDI) has been growing rapidly, at a pace far exceeding the growth in international trade. Thus, a full understanding of the relationship between trade in goods and FDI is important for obtaining a complete picture of the extent and sources of international linkages. We...
Persistent link: https://www.econbiz.de/10012471592
Cover Image
Trade-in-goods and trade-in-tasks : An Integrating Framework
Baldwin, Richard - 2010
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold...
Persistent link: https://www.econbiz.de/10012462768
Cover Image
Task Trade between Similar Countries
Grossman, Gene M. - 2008
We propose a theory of task trade between countries that have similar relative factor endowments but may differ in size. Firms produce differentiated goods by performing a continuum of tasks, each of which generates local spillovers. Tasks can be performed at home or abroad, but offshoring...
Persistent link: https://www.econbiz.de/10012464094
Cover Image
Inequality and Trade
Mitra, Devashish - 2003
We incorporate demand-side considerations in trade in a systematic but straightforward way. We do so by focusing on the role of inequality in the determination of trade flows and patterns. With nonhomothetic preferences, when countries are similar in all respects but asset inequality, we find...
Persistent link: https://www.econbiz.de/10012468607