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Fragmentation and Trade in Value Added over Four Decades
Johnson, Robert C. - 2012
We combine data on trade, production, and input use to compute the value added content of trade for forty-two countries from 1970 to 2009. For the world, the ratio of value added to gross trade falls by ten to fifteen percentage points, with two-thirds of this decline in the last two decades....
Persistent link: https://www.econbiz.de/10012460474
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China's Potential Future Growth and Gains from Trade Policy Bargaining : Some Numerical Simulation Results
Li, Chunding - 2012
country, single period numerical general equilibrium model which captures China and her major trading partners and examine the … outcomes of trade policy bargaining solutions (bargaining over tariffs and financial transfers) over time as China grows more … parameterizations. This yields a measure of both absolute and relative gain to China from bargaining. We calibrate our model to base …
Persistent link: https://www.econbiz.de/10012460832
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Buyer Investment, Product Variety, and Intrafirm Trade
Feenstra, Robert C. - 2005
This paper studies a simple model of buyer investment and its effect on the variety and vertical structure of international trade. A distinction is made between two types of buyer investment: "flexible" and "specific." Their interactions with the entry and pricing incentives of suppliers are...
Persistent link: https://www.econbiz.de/10012466919
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Trade Flows and Exchange Rates : Importers, Exporters and Products
Devereux, Michael B. - 2019
Using highly-disaggregated transaction-level trade data, we document the importance of new firm-level trade partner relationships and the addition of new products to existing relationships in driving long-run import flows. Moreover, we find that these margins are sensitive to movements in the...
Persistent link: https://www.econbiz.de/10012480259
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The Structure of Foreign Trade
Helpman, Elhanan - 1998
During the last two decades, new research has greatly advanced our understanding of the structure of world trade. This article reviews the empirical literature that grew out of this effort, emphasizing the ways in which it relied on theoretical developments
Persistent link: https://www.econbiz.de/10012472061
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A Portrait of Trade in Value Added over Four Decades
Johnson, Robert C. - 2016
We combine data on trade, production, and input use to document changes in the value added content of trade between 1970 and 2009. The ratio of value-added to gross exports fell by roughly 10 percentage points worldwide. The ratio declined 20 percentage points in manufacturing, but rose in...
Persistent link: https://www.econbiz.de/10012455706
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Origins of International Factor Structures
Jiang, Zhengyang; Richmond, Robert J. - National Bureau of Economic Research - 2022
We show that exchange rate correlations tend to be explained by the global trade network while consumption correlations tend to be explained by productivity correlations. Sharing common trade linkages with other countries increases exchange rate correlations beyond bilateral linkages. We explain...
Persistent link: https://www.econbiz.de/10013361974
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China's Exporters and Importers : Firms, Products and Trade Partners
Manova, Kalina - 2009
This paper uses newly available data on Chinese trade flows to establish novel and confirm existing stylized facts about firm heterogeneity in trade. First, the bulk of exports and imports are captured by a few multi-product firms that transact with a large number of countries. Second, the...
Persistent link: https://www.econbiz.de/10012463400
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Trade Diversion and Trade Deficits : The Case of the Korea-U.S. Free Trade Agreement
Russ, Katheryn N. - 2019
We study whether tariff preferences conferred on South Korean goods through the implementation of the Korea-U.S. Free Trade Agreement (KORUS) drew U.S. import demand away from other U.S. trading partners through the phenomenon known as trade diversion. In the two years following the...
Persistent link: https://www.econbiz.de/10012479566
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Trade and Foreign Direct Investment in China : A Political Economy Approach
Branstetter, Lee G. - 1999
We view the political process in China as trading off the social benefits of increased trade and foreign direct … of this model are estimated using province-level data on foreign direct investment and trade flows in China, over the … China may find it politically difficult to follow through with liberalizing its trade and investment regimes, such as under …
Persistent link: https://www.econbiz.de/10012471698