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International Trade Responses to Labor Market Regulations
Muñoz, Mathilde - National Bureau of Economic Research - 2023
This paper studies how differences in labor market regulations shape countries' comparative advantage in the cross-border provision of labor-intensive services, using administrative data in Europe for the last two decades. I exploit exogenous variation in labor taxes and minimum wages faced by...
Persistent link: https://www.econbiz.de/10014437007
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The Competitiveness and Comparative Advantage of U.S. Multinationals, 1957-1983
Lipsey, Robert E. - 1986
The share in world exports of manufactured goods of U.S. multinational firms, including their majority-owned overseas affiliates, has been nearly stable since 1966. This stability, over a period in which the export share of the U.S. as a geographical entity was declining for the most part,...
Persistent link: https://www.econbiz.de/10012477018
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Global Innovation and Knowledge Diffusion
Lind, Nelson; Ramondo, Natalia - National Bureau of Economic Research - 2022
We develop a Ricardian model of trade in which countries innovate ideas that diffuse across the globe. In this model, the forces of innovation and diffusion combine to shape trade substitution patterns. Innovation makes a country technologically distinct, reducing their substitutability with...
Persistent link: https://www.econbiz.de/10012814404
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Comparative Advantage, Complexity and Volatility
Krishna, Pravin - 2009
Less developed countries tend to experience higher output volatility, a fact that is, in part, explained by their specialization in more volatile sectors. This paper proposes theoretical explanations for this pattern of specialization -- with the complexity of the goods playing a central role....
Persistent link: https://www.econbiz.de/10012463684
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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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Institutions, Comparative Advantage, and the Environment
Shapiro, Joseph S. - National Bureau of Economic Research - 2023
This paper proposes that strong financial, judicial, and labor market institutions provide comparative advantage in clean industries, and thereby improve a country's environmental quality. Five complementary tests support this hypothesis. First, industries that depend on institutions are...
Persistent link: https://www.econbiz.de/10014421193
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Estimating Cross-Industry Cross-Country Interaction Models Using Benchmark Industry Characteristics
Ciccone, Antonio - 2016
Empirical cross-industry cross-country models are applied widely in economics, for example to investigate the determinants of economic growth or international trade. Estimation generally relies on US proxies for unobservable technological industry characteristics, for example industries'...
Persistent link: https://www.econbiz.de/10012456309
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Currency Undervaluation and Comparative Advantage
Bergin, Paul R. - National Bureau of Economic Research - 2022
undervaluation can foster domestic manufacturing in countries like China by sustaining trade surplus, it also can harm a country …
Persistent link: https://www.econbiz.de/10012814474
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China's Local Comparative Advantage
Harrigan, James - 2008
China's trade pattern is influenced not just by its overall comparative advantage in labor intensive goods but also by … geography. We use two variants of the Eaton-Kortum (2002) model to study China's local comparative advantage. The theory … predicts that China's share of export markets should grow most rapidly where China's share is initially large. A corollary is …
Persistent link: https://www.econbiz.de/10012464686
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What's So Special about China's Exports?
Rodrik, Dani - 2006
Much more than comparative advantage and free markets have been at play in shaping China's export success. Government … have developed in their absence. As a result, China has ended up with an export basket that is significantly more … China's rapid growth. What matters for China's future growth is not the volume of exports, but whether China will continue …
Persistent link: https://www.econbiz.de/10012466724