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in productivity are a dominant source of these differences. But what accounts for productivity differences across … as follows. Misallocation appears to be a substantial channel in accounting for productivity differences across countries … static cost of misallocation, we believe that the dynamic effects of misallocation on productivity growth are significant and …
Persistent link: https://www.econbiz.de/10012455259
Concerns that (1) growth in developing countries could worsen the US terms of trade and (2) that increased US trade with developing countries will increase US wage inequality both implicitly reflect the assumption that goods produced in the United States and developing countries are close...
Persistent link: https://www.econbiz.de/10012462551
In this paper I use a cross country data set to analyze the relationship between trade orientation, trade distortions and growth. I first develop a simple endogenous growth model that emphasizes the process of technological absorption in small developing countries. According to this model...
Persistent link: https://www.econbiz.de/10012475291
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10012461851
Incomplete information in the international market creates difficulty in matching agents with productive opportunities and interferes with the ability of prices to allocate scarce resources across countries. Resource-price differentials may not be eliminated and domestic resource supplies may...
Persistent link: https://www.econbiz.de/10012472183
This chapter was prepared for the Handbook of International Economics (Vol. 5) edited by Gita Gopinath, Elhanan Helpman, and Kenneth Rogoff. We provide a review of the recent literature -- both theoretical and empirical -- analyzing the multi-dimensional connections between globalization and...
Persistent link: https://www.econbiz.de/10012794638
We show that the negative impact of financial crises on trade is magnified for destinations with longer time-to-ship. A simple model where exporters react to an increase in the probability of default of importers by increasing their export price and decreasing their export volumes to...
Persistent link: https://www.econbiz.de/10012460386
While there is widespread empirical evidence indicating exporting producers have higher productivity than nonexporters … methods, inputs, and product designs from their international contacts, and this learning results in higher productivity for … exporters relative to their more insulated domestic counterparts. Alternatively, the higher productivity of exporters may simply …
Persistent link: https://www.econbiz.de/10012472250
This paper develops an index of allocative efficiency that depends upon the distribution of mark-ups across goods. It determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international trade, decomposing the effect into the cost-change channel and the...
Persistent link: https://www.econbiz.de/10012459387
-level panel data to assess the effect of distortions in land rental markets on agricultural productivity. We provide empirical … rentals have substantial positive effects on agricultural productivity: an efficient reallocation of land increases … agricultural productivity by 38 percent on average and by more than 50 percent in states with highly distorted rental markets. Both …
Persistent link: https://www.econbiz.de/10012660041