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What Accounts for the Rising Sophistication of China's Exports?

Wang, Zhi - 2008

Chinese exports have become increasingly sophisticated. This has generated anxiety in developed countries as competitive pressure may increasingly be felt outside labor-intensive industries. Using product-level data on exports from different cities within China, this paper investigates the...

Persistent link: https://www.econbiz.de/10012464875

Optimal Taxation with Rent-Seeking

Rothschild, Casey - 2011

Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...

Persistent link: https://www.econbiz.de/10012461624

Entry, Trade, and Exporting over the Cycle

Alessandria, George A. - 2019

We study how international trade and the exporting decisions of establishments affect establishment creation over the business cycle in a general equilibrium model. The model captures two key features of establishment and exporter dynamics: i) new establishments start small and grow over time...

Persistent link: https://www.econbiz.de/10012480156

Gravity, Productivity and the Pattern of Production and Trade

Anderson, James E. - 2009

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...

Persistent link: https://www.econbiz.de/10012464007

Mergers and the Composition of International Commerce

Nocke, Volker - 2004

modes of foreign market access: exporting, greenfield FDI, and cross-border M&A. Our theory is based on three key ideas …In this paper, we develop a novel theory of cross-border mergers and acquisitions. Firms can choose between different …. Third, capabilities are traded in a merger market. We address two questions: (1) what are the characteristics of firms that …

Persistent link: https://www.econbiz.de/10012468288

The Variety and Quality of a Nation's Trade

Hummels, David - 2002

Not surprisingly, big countries trade more than small countries. In this paper we use data on shipments by 110 exporters to 59 importers in 5,000 product categories to ask: how? Do big countries trade larger quantities of a common set of goods (the intensive margin), a larger set of goods (the...

Persistent link: https://www.econbiz.de/10012470003

Market Access, Economic Geography, and Comparative Advantage : An Empirical Assessment

Davis, Donald R. - 1998

(1980) shows that increasing returns models with costs of trade economic geography do allow a simple test: home market … comparative advantage, in affecting OECD manufacturing production structure. The results underscore the importance of market …

Persistent link: https://www.econbiz.de/10012472026

The Structure of Foreign Trade

Helpman, Elhanan - 1998

During the last two decades, new research has greatly advanced our understanding of the structure of world trade. This article reviews the empirical literature that grew out of this effort, emphasizing the ways in which it relied on theoretical developments

Persistent link: https://www.econbiz.de/10012472061

Two-Sided Heterogeneity and Trade

Bernard, Andrew B. - 2014

Empirical studies of firms within industries consistently report substantial heterogeneity in measures of performance such as size and productivity. This paper explores the consequences of joint heterogeneity on the supply side (sellers) and the demand side (buyers) in international trade using...

Persistent link: https://www.econbiz.de/10012458528

Commodity Trade and the Carry Trade : a Tale of Two Countries

Ready, Robert - 2013

Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...

Persistent link: https://www.econbiz.de/10012459290

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