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The Price of Biodiesel RINs and Economic Fundamentals
Irwin, Scott H. - 2018
The D4 RIN is the tradable compliance certificate for the biomass-based diesel mandate in the Renewable Fuel Standard …
Persistent link: https://www.econbiz.de/10012480992
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Foreign Direct Investments in Services and the Domestic Market for Expertise
Markusen, James R. - 2000
investment. This has important implications for public policy since policies that impact on foreign direct investment are often …
Persistent link: https://www.econbiz.de/10012471061
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How Trade Patterns and Technology Flows Affect Productivity Growth
Keller, Wolfgang - 1999
This paper examines the evidence on technology diffusion through trade in differentiated intermediate goods. Because intermediates are invented through costly research and development (R&D) investments, employing imported intermediates implies an implicit sharing of the technology that was...
Persistent link: https://www.econbiz.de/10012471810
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Knowledge Spillovers, Trade, and Foreign Direct Investment
Keller, Wolfgang - National Bureau of Economic Research - 2021
I study knowledge spillovers, positive externalities that augment the information set of an economic agent, and reviews the evidence on such spillovers in the context of international economic transactions. Even though spillovers are by their very nature difficult to identify, over recent...
Persistent link: https://www.econbiz.de/10012510618
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Learning to Use Trade Agreements
Krishna, Kala - National Bureau of Economic Research - 2021
Free trade or preferential trade areas (PTAs) allow importers who belong to the area to export to each other while paying zero or preferential tariffs as long as Rules of Origin (ROOs) are met. Meeting them is costly not only in terms of production costs but also in terms of documentation costs....
Persistent link: https://www.econbiz.de/10012659997
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The Global Financial Cycle
Miranda-Agrippino, Silvia; Rey, Hélène - National Bureau of Economic Research - 2021
We review the literature on the empirical characteristics of the global financial cycle and associated stylized facts on international capital flows, asset prices, risk aversion and liquidity in the financial system. We analyse the co-movements of global factors in asset prices and capital flows...
Persistent link: https://www.econbiz.de/10012660005
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Risks and global supply chains : What we know and what we need to know
Baldwin, Richard E.; Freeman, Rebecca - National Bureau of Economic Research - 2021
Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and … whether anti-risk policy is justified. We then discuss how exposures to foreign shocks are measured and argue that exposure is … higher than direct indicators imply. Finally, we consider the future of GSCs in the light of current policy proposals and …
Persistent link: https://www.econbiz.de/10012660121
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Trade and Innovation
Melitz, Marc J.; Redding, Stephen - National Bureau of Economic Research - 2021
Two central insights from the Schumpeterian approach to innovation and growth are that the pace of innovation is endogenously determined by the expectation of future profits and that growth is inherently a process of creative destruction. As international trade is a key determinant of firm...
Persistent link: https://www.econbiz.de/10012585429
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The Distributional Effects of Trade : Theory and Evidence from the United States
Borusyak, Kirill; Jaravel, Xavier - National Bureau of Economic Research - 2021
How much do consumption patterns matter for the impact of international trade on inequality? In neoclassical trade models, the effects of trade shocks on consumers' purchasing power are governed by the shares of imports in consumer expenditures, under no parametric assumptions on preferences and...
Persistent link: https://www.econbiz.de/10012585441
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Lobbying Behind the Frontier
Bombardini, Matilde; Cutinelli-Rendina, Olimpia; … - National Bureau of Economic Research - 2021
This chapter investigates the non-market response of firms to international trade shocks increasing the level of competition in U.S. industries. Lobbying expenditures increase as a consequence of import changes related to the China shock. The effect on lobbying is not homogeneous across firms...
Persistent link: https://www.econbiz.de/10012616568