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We develop a model of international trade with two dimensions of firm heterogeneity and export quality constraints that manifest as higher variable trade costs for lower quality firms. In addition to "productivity", firms are also heterogeneous in their "caliber" -- the ability to develop...
Persistent link: https://www.econbiz.de/10010562121
We first discuss what fairness may mean in the context of the dispute settlement process, noting the crucial relation between fairness in dispute settlement and the functioning of the trading system as a whole. We explore this relation further through an analysis of three main groups of dispute...
Persistent link: https://www.econbiz.de/10005551404
Are U.S. exports different from China's exports? If so, how? This paper attempts to answer this question, focusing on … the exports of China and the United States are similar in terms of variety. More than 85 percent of U.S. export products … to Japan are commonly exported from China. However, U.S. exports are different from China's exports in terms of quality …
Persistent link: https://www.econbiz.de/10005551446
Persistent link: https://www.econbiz.de/10005357200
It has been suggested that countries whose exports are in especially risky sectors will experience higher output … features across countries and over time. The exercise reveals large cross-country differences in the risk content of exports …. This measure is strongly correlated with the volatility of terms-of-trade, total exports, and output, but does not exhibit …
Persistent link: https://www.econbiz.de/10005357207
This paper explores the role of financial factors in the 2008-9 collapse of U.S. imports and exports. Using highly … disaggregated international trade data, we examine whether the cross-sectoral variation in how much imports or exports fell during …
Persistent link: https://www.econbiz.de/10009019881
This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and destinations, using a quantitative multi-sector model of the global economy calibrated to aggregate and firm-level data on 60 developed and developing countries. Our framework accounts...
Persistent link: https://www.econbiz.de/10010822526
This paper evaluates the global welfare impact of ChinaÕs trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a ÒbalancedÓ one in which ChinaÕs productivity grows...
Persistent link: https://www.econbiz.de/10010538751
disaggregated quarterly and monthly data on U.S. imports and exports to shed light on the anatomy of this collapse. We find that the … would be predicted by a simple import demand relationship. In a sample of imports and exports disaggregated at the 6-digit … imports and exports. We also find support for compositional effects: sectors with larger reductions in domestic output had …
Persistent link: https://www.econbiz.de/10008537292
Existing estimates of power laws in firm size typically ignore the impact of international trade. Using a simple theoretical framework, we show that international trade systematically affects the distribution of firm size: the power law exponent among exporting firms should be strictly lower in...
Persistent link: https://www.econbiz.de/10008542335