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This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra-temporal trade into an intertemporal trade approach of current account. To do so, we consider a dynamic general equilibrium model with tradable sectors of different factor intensities,...
Persistent link: https://www.econbiz.de/10012461109
In a world where the prospects of a global agreement to control greenhouse gas emissions are bleak, the idea of using trade policy as an implicit regulation of foreign emission sources has gained many supporters in countries contemplating unilateral climate policies. Embodied carbon tariffs tax...
Persistent link: https://www.econbiz.de/10012461282
We study a simple, tractable model of labor adjustment in a trade model that allows us to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, we can use duality techniques to study the equilibrium, and despite its simplicity a rich...
Persistent link: https://www.econbiz.de/10012465184
The export booms in South Korea and Taiwan starting in the early 1960s are anomalous when compared with later export booms in other, non-East Asian countries such as Chile and Turkey. First, these booms have taken place in the context of comparatively small changes in relative prices in favor of...
Persistent link: https://www.econbiz.de/10012473530
This paper examines the effects of the U.S. shale oil boom in a two-country DSGE model where countries produce crude oil, refined oil products, and a non-oil good. The model incorporates different types of crude oil that are imperfect substitutes for each other as inputs into the refining...
Persistent link: https://www.econbiz.de/10012453893
This paper documents a new fact, then analyzes its causes and consequences: in most countries, import tariffs and non-tariff barriers are substantially lower on dirty than on clean industries, where an industry's "dirtiness" is defined as its carbon dioxide (CO2) emissions per dollar of output....
Persistent link: https://www.econbiz.de/10012481652
cash transfer program - worth almost USD 1,000 over 6 years - and in a nationwide scaleup, whereby Indonesia used community …
Persistent link: https://www.econbiz.de/10015194968
growth in Indonesia in a large panel of plants between 1975 and 2005, and especially in plants taken over by foreign owners …
Persistent link: https://www.econbiz.de/10003954453
, Indonesia, and the United States. When we aggregate across all products, most of the countries analyzed experienced a decline in …
Persistent link: https://www.econbiz.de/10011395038
Bribes by firms in Indonesia arise principally from regulations --licenses and levies --imposed by local government … latter is capitalized into lower salaries needed by localities to compensate public officials. Localities in Indonesia are … reduction in regulation in better funded localities. The findings are directly relevant to Indonesia where corruption is high …
Persistent link: https://www.econbiz.de/10012468016