Showing 1 - 10 of 129
Persistent link: https://www.econbiz.de/10009243020
We introduce search unemployment à la Pissarides into Melitz' (2003) model of trade with heterogeneous firms. We allow wages to be individually or collectively bargained and analytically solve for the equilibrium. We find that the selection effect of trade influences labor market outcomes....
Persistent link: https://www.econbiz.de/10003656926
We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...
Persistent link: https://www.econbiz.de/10012822504
In the traditional model of international trade, labour market reforms in one country are often viewed as beggar-thy-neighbour policies, because they negatively affect the competitiveness and employment levels of the country’s trading partners. Empirical evidence, however, suggests that this...
Persistent link: https://www.econbiz.de/10009631196
With ever-increasing political tensions between China and Russia on one side and the EU and the USA on the other, it …
Persistent link: https://www.econbiz.de/10013162407
With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it …
Persistent link: https://www.econbiz.de/10013186412
With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it …
Persistent link: https://www.econbiz.de/10012888028
The authors analyze the economic consequences of the Economic and Trade Agreement (ETA) between China and the USA, also … referred to as the Phase-I Deal, which was signed on January 15, 2020. It is a highly asymmetric treaty which commits China to … baseline. The authors show that compared to a 2021 benchmark without a US-China trade war and without the ETA, the EU is likely …
Persistent link: https://www.econbiz.de/10012151152
The US-China Economic and Trade Agreement (ETA) entered into force on 14th February 2020, marking a new phase in their … trade diversion effects and market share shifts for China's top trading partners. In manufacturing, Germany is likely to …) and industrial machinery (-0.72 bn USD). Moreover, developing countries will be hit if China re-directs its imports …
Persistent link: https://www.econbiz.de/10012162587
growing dependence on Asian suppliers and the colliding political and ideological systems between China and the West …. Unilateral decoupling of the EU from China (a doubling of trade costs) would reduce real income in the EU on average by 0 ….8 percent. In terms of GDP in 2019, this equals a permanent loss in real income of 131.4 bn EUR. Should China retaliate, real …
Persistent link: https://www.econbiz.de/10012595136