Showing 1 - 10 of 61
5% of productivity growth. There is a small negative effect of less than half a percent on employment when industries …
Persistent link: https://www.econbiz.de/10005124479
China's exports have become increasingly sophisticated. This has generated anxiety in developed countries as the … competitive pressure may be increasingly felt outside labor-intensive industries. Using product-level data on exports from … significantly to raising the unit values of China's exports within a given product category. …
Persistent link: https://www.econbiz.de/10011807632
This paper studies the value of external commitment to policy reforms in the case of WTO/GATT accessions. The accessions often entail reforms that go beyond narrowly defined trade liberalization, and have to overcome fierce resistance in the acceding countries, as reflected in protracted...
Persistent link: https://www.econbiz.de/10013134640
Since the extent of offshoring and production sharing varies by sector and country, we develop measures of GVCs in terms of length, intensity, and location of participation at the levels of country, country-sector, and bilateral sector, and distinguish among pure domestic, directly traded, and...
Persistent link: https://www.econbiz.de/10012953466
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10012956518
networks. With a parsimonious decomposition of gross exports that eliminates "double counting", it integrates all previous …
Persistent link: https://www.econbiz.de/10013292364
While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...
Persistent link: https://www.econbiz.de/10012756924
International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared with the logic of factor price equalization in a two-sector model). To resolve the paradoxes, we introduce a non-neoclassical model which...
Persistent link: https://www.econbiz.de/10012756989
employment when industries are finely disaggregated (450 manufacturing industries). However, this affect disappears at more …
Persistent link: https://www.econbiz.de/10012757091
the possibility that entrepocirc;ts may facilitate tariff evasion. Using data on direct exports to mainland China and … indirect exports to it via Hong Kong SAR, we find that the indirect export rate rises with the Chinese tariff rate, even though …
Persistent link: https://www.econbiz.de/10012757094