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Why is Trade Not Free? : A Revealed Preference Approach
Adão, Rodrigo; Costinot, Arnaud; Donaldson, Dave; … - National Bureau of Economic Research - 2023
A prominent explanation for why trade is not free is politicians' desire to protect some of their constituents at the expense of others. In this paper we develop a methodology that can be used to reveal the welfare weights that a nation's import tariffs implicitly place on different groups of...
Persistent link: https://www.econbiz.de/10014421223
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International Welfare and Employment Linkages Arising from Minimum Wages
Egger, Hartmut - 2009
We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...
Persistent link: https://www.econbiz.de/10012463453
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How Does Expropriation Risk Affect Innovation?
Benavente H., José Miguel; Bravo Ortega, Claudio; … - National Bureau of Economic Research - 2024
number of patents, technical progress, and economic growth are all lower due to lower expected profits and patent devaluation …
Persistent link: https://www.econbiz.de/10014512142
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The Digital Welfare of Nations : New Measures of Welfare Gains and Inequality
Brynjolfsson, Erik; Collis, Avinash; Liaqat, Asad; … - National Bureau of Economic Research - 2023
countries. This suggests that digital goods may reduce inequality in welfare within and across countries by disproportionately …
Persistent link: https://www.econbiz.de/10014372427
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Global Supply Chain Pressures, International Trade, and Inflation
Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - National Bureau of Economic Research - 2022
We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects - the switch from...
Persistent link: https://www.econbiz.de/10013334457
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Rise and Fall of Empires in the Industrial Era : A Story of Shifting Comparative Advantages
Bonfatti, Roberto; Coşar, Kerem - National Bureau of Economic Research - 2022
The last two centuries witnessed the rise and fall of empires. We construct a model which rationalises this in terms of the changing trade gains from empires. In the model, empires are arrangements that reduce trade cost between an industrial metropole and the agricultural periphery. During...
Persistent link: https://www.econbiz.de/10013334512
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Tariff Reductions, Entry, and Welfare : Theory and Evidence for the Last Two Decades
Caliendo, Lorenzo - 2015
In a standard multi-sector, heterogeneous-firm trade model the effect of tariffs on entry, especially in the presence of production linkages, can reverse the traditional positive optimal-tariff argument. We construct and employ a new, large, disaggregated tariff dataset and then apply a...
Persistent link: https://www.econbiz.de/10012456903
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From Groundnuts to Globalization : A Structural Estimate of Trade and Growth
Broda, Christian - 2006
Starting with Romer [1987] and Rivera-Batiz-Romer [1991] economists have been able to model how trade enhances growth … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …
Persistent link: https://www.econbiz.de/10012466154
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Trade Integration, Global Value Chains, and Capital Accumulation
Sposi, Michael - 2020
empirical pattern. The presence of GVC trade boosts capital accumulation and economic growth and magnifies dynamic gains from …
Persistent link: https://www.econbiz.de/10012482306
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International Transactions : Real Trade and Factor Flows between 1700 and 1870
Keller, Wolfgang - 2020
industrial revolution and the spread of industrialization, which led to sustained economic growth. At the same time, global … to these differences, the chapter lays out theoretical reasons for links between trade and economic growth and examines …
Persistent link: https://www.econbiz.de/10012482046