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The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality, as it became clear that rising inequality in low- income countries and other features of the data were inconsistent with that model. As a result, economists moved away from...
Persistent link: https://www.econbiz.de/10012462231
This paper describes two databases dealing with world bilateral trade flows: the World Trade Database (WTDB) assembled …
Persistent link: https://www.econbiz.de/10012472918
The effects of geography and productivity on the global pattern of production are captured here in a specific factors … gravity model. Simple enough for sharp results, the model is yet rich enough to contain the high dimensional productivity … frictions in production and distribution of a many country world. The starting point is the international incidence of …
Persistent link: https://www.econbiz.de/10012464007
leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
Persistent link: https://www.econbiz.de/10012470002
) between-country and within-country inequality. Theory suggests that globalization will have very different implications for … differed greatly across countries: both trade and migration (but not capital flows) made the rich New World more unequal, and … the (less rich) Old World more equal. The evidence on the links between within-country inequality and globalization in the …
Persistent link: https://www.econbiz.de/10012470385
In the public imagination globalization's adverse effects have loomed large, contributing significantly to the backlash against the political mainstream and the rise of far-right populism. The literature on trade and inequality is in fact exceptionally rich, with important theoretical insights...
Persistent link: https://www.econbiz.de/10012696416
complexity and productivity, and technological sophistication is complementary to worker ability. We study the co …
Persistent link: https://www.econbiz.de/10012458165
Monte Carlo based robustness test is proposed which compares the elasticity of domestic productivity with respect to foreign … larger and explain more of the variation in productivity across countries than if true' bilateral trade patterns are employed …
Persistent link: https://www.econbiz.de/10012472749
the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects … channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in …
Persistent link: https://www.econbiz.de/10012466154
theory and history to be consistent for a wide range of underlying productivity shocks … and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for …
Persistent link: https://www.econbiz.de/10012468124