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Available estimates of tariff equivalents of quotas and welfare calculations on the costs of MFA quotas for developing countries are based on the premise of perfect competition in both product and license markets. It is also assumed that the exporting countries which administer the MFA quotas...
Persistent link: https://www.econbiz.de/10012475338
In this paper, we conduct a theoretical analysis of why individuals provide care and attention to their elderly parents using a two-period overlapping generations model with endogenous saving and a "contest success function" and test this model using micro data from a Japanese household survey,...
Persistent link: https://www.econbiz.de/10012456420
We test how donors respond to new information about a charity's effectiveness. Freedom from Hunger implemented a test of its direct marketing solicitations, varying letters by whether they include a discussion of their program's impact as measured by scientific research. The base script, used...
Persistent link: https://www.econbiz.de/10012458617
In 1996, following an epidemic, Pfizer tested a new drug on 200 children in Muslim Nigeria. 11 children died while … others were disabled. We study the effects of the disclosure, in 2000, of the deaths of Muslim children in the Pfizer trials … on vaccine compliance among Muslim mothers. Muslim mothers reduced routine vaccination of children born after the 2000 …
Persistent link: https://www.econbiz.de/10014372412
This paper provides a new heterogeneous firm model for trade where firms differ in their productivity and experience different market demand shocks. The model incorporates variations in trade policy, trade preferences, and the rules of origin needed to obtain them, to reflect real world...
Persistent link: https://www.econbiz.de/10012465935
Backcasting upward bias in price index over long periods of time yields levels of real consumption two or four centuries ago that are implausibly low, raising the possibility that price index bias for important products may have been zero or even negative at some point in the past. This paper...
Persistent link: https://www.econbiz.de/10012467130
International trade in apparel and textiles is regulated by a system of bilateral tariffs and quotas known as the Multifiber Arrangement or MFA. Using a time series of detailed product-level data from the United States on the quotas and tariffs that comprise the MFA, we analyze how the MFA...
Persistent link: https://www.econbiz.de/10012468443
Time is money, and distance matters. We model the interaction of these truisms, and show the implications for global specialization and trade: products where timely delivery is important will be produced near the source of final demand, where wages will be higher as a result. In the model,...
Persistent link: https://www.econbiz.de/10012468969
higher country concentration of exporters. We also find the effects of the MFA on clothing trade were more significant than … for textiles trade. The benefits from freer trade in textiles and clothing shed light on other sectors that are still …
Persistent link: https://www.econbiz.de/10012457368
We study the stock market effects of the arrival of the three rounds of "stimulus checks" to U.S. taxpayers and the single round of direct payments to Hong Kong citizens. The first two rounds of U.S. checks appear to have increased retail buying and share prices of retail-dominated portfolios....
Persistent link: https://www.econbiz.de/10013172127